Dovish Fed boosts emerging assets, stocks at 20-month high
Trading in stock markets is cautious and the dollar is slightly weaker as investors look ahead to an expected interest rate increase by the Federal Reserve. With the Fed policy meeting out of the way, investors are now focused on the G20 financial leaders in Baden Baden starting later on Friday.
The Dow Jones Industrial Average rose 96.65 points, or 0.46 percent, to 20,934.02, the S&P 500 gained 16.79 points, or 0.71 percent, to 2,382.24 and the Nasdaq Composite added 35.65 points, or 0.61 percent, to 5,892.47.
EUROPEAN OPTIMISM: Stock markets across the Atlantic rose, with the French CAC 40 up 0.6% and Germany's DAX up 0.5%. It had plunged 0.11 percentage points the prior day, after the Fed threw cold water on speculation that it may get more aggressive in raising rates.
Holdings of SPDR Gold Trust fell 0.28% to 837.06 tonnes on Thursday from 839.43 tonnes on Wednesday.
Across the Atlantic, European stocks rose on Thursday after far-right candidate Geert Wilders was defeated in a closely watched Dutch election, pouring cold water on fears that a populist wave was sweeping the continent.
The 10-year Treasury yield fell to 2.51 percent from 2.54 percent late Thursday.
Nevertheless, since the start of the year investors have traded French government debt at a heavier discount from ultrasafe German bonds, which means they are still distrustful of polls after last year's decision by Britain to leave the European Union and Donald Trump's victory in the USA, both of which came as a surprise.
SOME CENTRAL BANKS FOLLOW THE FED: China's central bank raised a short-term interest rate on lending to banks but left its benchmark rate unchanged after the USA increase.
EUR/USD slipped 0.29% to 1.0735, just off a five-week high of 1.0783 hit overnight.
Nirmal Bang Commodities in a research note said, "We expect prices to trade range bound for the day, by not far from over one-week highs hit the session before, remaining on course for their first weekly rise in three".
OTHERS STAND PAT: Japan's central bank left its benchmark lending rate unchanged and said it would work toward a 2% inflation rate target.
The S&P 500 was virtually flat at 2,382, as of 10 a.m. The precious metals had lost Rs 400 in the last two days.
Expectations for higher inflation across the globe, as many central banks, including the Federal Reserve and European Central Bank, begin to pull back the pace of implementing quantitative-easing measures, also have helped to keep gold above $1,200 an ounce, which is seen as a key support level. The euro rose to $1.0733 from $1.0713, and the British pound rose to $1.2352 from $1.2301.
The Repatha study results are being presented and discussed today at the American College of Cardiology annual meeting. The researchers hope that with more time, they can show Repatha can prevent early deaths. "I don't think so".
Jumping efficiently, Power had Sizing John in a good position and won by two-and-three-quarter lengths. It means more than any victor I've ridden for Jessica. "I don't think I've even entered one before".
The meeting has been agreed to by the teams' respective boards amid warnings the series risked degenerating into anarchy. I wouldn't say that we are trying to push anything any further but we just need to focus on the two games that are left.
Richard Burr, R-N.C., the chairman of the Senate Intelligence Committee, lauded Coats' nomination after Wednesday's vote. President Trump's choice to lead the Office of National Intelligence is confirmed by his former Senate colleagues.
It comes as federal authorities investigate Russian interference through hacking in the 2016 presidential election. After announcing the indictments USA will put out another official request for their extradition, he said.
The slipper didn't fit for the Princeton Tigers . "In a situation like that, you're trying to do everything you can to claw back". Irish coach Mike Brey after the game, "We weren't in the best of offensive rhythm where we had to win it with our defense".
Federal Reserve, as political risks from Dutch and French elections to Britain's exit from the EU weighed on European currencies. LONDON , March 14 The dollar climbed on Tuesday ahead of an expected interest rate rise by the U.S.
There are other disputes on the horizon between California and the Trump administration, but this is the first big one. A senior White House official said Tuesday that the administration wants to negotiate one national standard.
Heading into the earnings release, covering analysts have a consensus target price of $2.22 on Penn West Petroleum Ltd. shares. The Return on Investment (ROI) is at -50.6% while it's Return on Equity (ROE) value stands at -75.6%.
An official explained that the delegation would be flying on a smaller plane than normal and that press access would be limited. If the administration wanted to have the diplomatic press corps accompany Tillerson to Asia, officials could have arranged that.
The issues of immigration, integration and Dutch identity featured strongly, but did not completely dominate, the campaign. Rutte's attack centred on Wilders' prolific tweeting, which has caused huge controversy in the run-up to the election.
Geno Smith comes to terms with Giants
The Giants had Smith in for a visit over the weekend, and the Johnson signing initially seemed to indicate that door had closed. Taking a flier on him is arguably a better decision than overspending in what is a lackluster crop of free-agent quarterbacks.
Asian markets end lower
Shares in Asia fell early on Wednesday with a widely expected hike in US interest rates later in the day weighing on sentiment. The Netherlands has its own election this week, where politicians have also railed against the European Union and immigrants.
Issa Hayatou loses CAF presidency, Ahmad wins
Pinnick won the West African Zone B seat into the Caf executive committee by defeating Benin Republic's Anjorin Moucharafou. He says he will modernise the body and make it more transparent, although his own transparency has once been questioned.
Amazon adds Alexa to its iOS shopping app
This will allow you to add Skills, sign into services that you use (such as to play music), and configure Alexa to your liking. Much like Siri, users can use Alexa to ask any number of questions about historical figures, events, music, sports and more .
Islam: EU court, Islamic veil can be banned in workplace
Another woman, Asma Bougnaoui , was dismissed from a French company Micropole, in 2008, after she also wore the headscarf to work. "What a business can not do is make up the rules in retrospect to try and justify its position".