U.S. consumer confidence edged up to the best level in six months on an improvement in expectations, signaling that solid employment and cheap fuel are helping Americans look past concerns about the spread of the coronavirus. The Conference Board™s reading increased to 130.7 from a...
Stocks rose on Tuesday as investors attempted to recover some of the lost ground from the previous session, which was the market™s worst in two years. However, some experts urged caution given the uncertainty around the coronavirus. The Dow Jones Industrial Average traded 160 points higher, or...
The death toll in Italy from the coronavirus outbreak stands at seven with more than 200 cases confirmed. At least 10 towns in the north are in lockdown mode and the army is ensuring no one enters of leaves them during a quarantine period. Italian authorities are working around the clock putting...
Bank of England Governor Mark Carney said on Monday that the possibility of Britain leaving the European Union next month without a transition deal ranked as the riskiest Brexit scenario for the...
Bank of Japan maintains 10-year JGB yield target at about zero percent after ending a two-day meeting on Tuesday.
Keeps policy balance rate at -0.1%.
Central bank leaves forward guidance and asset...
Federal Reserve officials and the central bank™s staff said the U.S. economy seemed stronger in late January than they had expected, according to minutes of their late-January meeting released Wednesday. The risks to the outlook were more favorable than had appeared at their meeting in mid-December. There were concerns expressed during their discussions about the threat of the coronavirus outbreak in China, and also of tensions in the Middle East. The Fed staff™s projection for U.S. GDP growth was stronger at the January meeting than in the previous forecast. The staff also said that downside risks had diminished. There was also some optimism about the outlook for inflation, which...
Australia's central bank lowered interest rates for the third time this year as it tries to shield the economy from a slew of offshore risks, and signaled it could ease even further. Reserve Bank chief Philip Lowe reduced the cash rate by 25 basis points to 0.75%, as predicted by money markets and most economists, bringing the lower bound of policy into view and raising the...
The Bank of Japan (BOJ) Governor Kuroda is on the wires now, via Reuters, making a scheduled speech at the annual meeting of securities firms, in Tokyo. Key Quotes: Japans domestic demand remains resilient. Japans economy is expanding moderately as trend. Expect inflation to gradually pick up toward target. Downside risks for inflation outlook are high. Watching carefully how global...
In his speech titled 'An Economic Update' to the Armidale Business Chamber, Reserve Bank of Australia (RBA) Governor Philip Lowe reiterated that further monetary easing could be required. "The Board is prepared to ease monetary policy further if needed to support growth, employment, inflation goals," Lowe said ahead of next week's monetary policy meeting. "It's likely an extended period of low...
The Bank of Japan (BOJ) Governor Kuroda is on the wires now, via Reuters, making a scheduled speech on the monetary policy and economic outlook. Key Quotes: BOJ will ease without hesitation if chance that economy may lose momentum for achieving price goal heightens Positive output gap, firms' price-, wage-setting behaviour are key to determining whether momentum for hitting price goal...
In his introductory statement delivered at the hearing before the Committee on Economic and Monetary Affairs of the European Parliament, European Central Bank (ECB) President Draghi repeated that they continue to stand ready to adjust all of their instruments if warranted by the inflation outlook. The EUR/USD pair ignored Draghi's comments and was last seen trading at 1.0990, losing 0.25% on...
U.S. consumer confidence edged up to the best level in six months on an improvement in expectations, signaling that solid employment and cheap fuel are helping Americans look past concerns about the spread of the coronavirus. The Conference Board™s reading increased to 130.7 from a...
Stocks rose on Tuesday as investors attempted to recover some of the lost ground from the previous session, which was the market™s worst in two years. However, some experts urged caution given the uncertainty around the coronavirus. The Dow Jones Industrial Average traded 160 points higher, or...
The death toll in Italy from the coronavirus outbreak stands at seven with more than 200 cases confirmed. At least 10 towns in the north are in lockdown mode and the army is ensuring no one enters of leaves them during a quarantine period. Italian authorities are working around the clock putting...
Bank of England Governor Mark Carney said on Monday that the possibility of Britain leaving the European Union next month without a transition deal ranked as the riskiest Brexit scenario for the...
Bank of Japan maintains 10-year JGB yield target at about zero percent after ending a two-day meeting on Tuesday.
Keeps policy balance rate at -0.1%.
Central bank leaves forward guidance and asset...