U.S. stock-index futures pointed higher Monday, with the upbeat tone tied to a preliminary U.S.-China trade deal, though questions remained over the details of the long-awaited œphase one accord. Futures on the Dow Jones Industrial Average rose 52 points, or 0.2%, to 28,217, while S&P...
Gold steadied on Monday as the dollar weakened and investors sought more clarity on the œphase one trade deal between the United States and China. Spot gold was little changed at $1,475.50 per ounce by 08:21 GMT after prices came under some early pressure in the Asian session on initial...
Oil prices on Monday held near three-month highs, supported by last week™s announcement that an initial trade deal had been reached between the United States and China. Brent crude oil futures rose 17 cents or 0.3% to $65.39 a barrel by 0940 GMT, while West Texas Intermediate crude was up 10...
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...
The European Central Bank kept monetary stimulus unchanged at President Christine Lagarde™s first policy meeting, shifting the focus to when she™ll announce her review of the institution™s strategy for safeguarding theeuro-zone economy. The ECB kept its deposit rate at a record-low minus 0.5%, and bond purchases at 20 billion euros ($22 billion) a month, sticking to a controversial package unveiled in September. Lagarde, who has said little on monetary policy since starting in November, will hold a press conference at 2:30 p.m. in Frankfurt. The president could use her briefing to signal a start date for the first comprehensive evaluation of the ECB™s mission...
A collapse of Brexit talks resulting in the U.K. leaving the European Union without a transition agreement would likely prompt the Bank of England to loosen monetary policy, Governor Mark Carney said. While the Monetary Policy Committees reaction would depend on how demand, supply and the exchange rate are hit, œthe appropriate policy path would be more likely to ease than...
The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not. The chair, under pressure from President Donald Trump to cut rates soon and deeply, listed a series of...
Federal Reserve officials viewed their interest-rate cut last month as insurance against too-low inflation and the risk of a deeper slump in business investment stemming from uncertainty over President Donald Trumps trade war. œMembers who voted for the policy action sought to better position the overall stance of policy to help counter the effects on the outlook of weak global growth and...
Australia's central bank discussed unconventional monetary policies, including negative interest rates, at its August board meeting as it left the door ajar for further easing having already cut rates twice to 1%. Minutes of the Reserve Bank of Australia's (RBA) Aug.6 meeting showed it would consider further cuts to interest rates if it was needed to support growth and achieve its 2% to 3%...
The Reserve Bank of Australia has released its quarterly Statement on Monetary Policy. This follows a recent hold in interest rates and a brief statement that indicated fairly modest changes compared to May. "The RBA's œcentral scenario is for the Australian economy to grow by around 2½ per cent over 2019 and 2¾ per cent over 2020. Inflation is expected to take longer to return to...
U.S. stock-index futures pointed higher Monday, with the upbeat tone tied to a preliminary U.S.-China trade deal, though questions remained over the details of the long-awaited œphase one accord. Futures on the Dow Jones Industrial Average rose 52 points, or 0.2%, to 28,217, while S&P...
Gold steadied on Monday as the dollar weakened and investors sought more clarity on the œphase one trade deal between the United States and China. Spot gold was little changed at $1,475.50 per ounce by 08:21 GMT after prices came under some early pressure in the Asian session on initial...
Oil prices on Monday held near three-month highs, supported by last week™s announcement that an initial trade deal had been reached between the United States and China. Brent crude oil futures rose 17 cents or 0.3% to $65.39 a barrel by 0940 GMT, while West Texas Intermediate crude was up 10...
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...