Global Stocks Rally After Fed Chair Speaks to US Lawmakers

13 Juillet, 2017, 12:31 | Author: Marc Bacque
  • FSMNews

The testimony depicted an economy that is growing, albeit slowly, and continues to add jobs as it benefits from steady household consumption and a recent jump in business investment.

Equities were underpinned by a drop in bond yields as Yellen sounded cautious on inflation and noted the Fed would not need to raise rates "all that much further" to reach current low estimates of the neutral funds rate.

"The Fed isn't really going to upset the apple cart", Hatheway said.

The Federal Reserve Bank of Minneapolis President Neel Kashkari will participate in a Town Hall question-and-answer session moderated by Bremer Bank CEO Jeanne Crain in Minneapolis, Minnesota.

MSCI's gauge of stocks across the globe .MIWD00000PUS gained 0.97 percent while the pan-European FTSEurofirst 300 index of leading regional shares (.FTEU3) closed 1.61 percent higher at 1,514.59 and emerging market stocks (.MSCIEF) rose 1.4 percent.

Shares were mostly higher in Asia Thursday following a broad rally on Wall Street that nudged the Dow Jones industrial average to a new high after Federal Reserve Chair Janet Yellen told Congress the central bank may slow the pace of its interest rate increases if inflation remains below its target level. The Shanghai Composite index climbed 0.4 percent at 3,210.65 and the S&P ASX 200 surged 1.1 percent to 5,735.40. Yields fall when bond prices rise.


The dollar, which has for years been supported by a move towards United States tightening as the economy picks up, has begun to falter of late as other global central banks prepare to shift away from the easy money policies put in place after the financial crisis. It rose 45 cents, or 1 percent, to settle at $45.49 per barrel on Wednesday.

The euro edged up 0.2 percent to $1.1435, inching back towards a 14-month high of $1.1489 set on Wednesday.

Spot gold rose 0.1% to Dollars 1,218.60 per ounce at 0046 GMT, adding to a 0.3% gain in the previous session.

West Texas Intermediate crude futures for August delivery were marked 0.35% lower at $45.33 at the start of European trading while Brent contracts for September were seen 0.3% lower at $47.60.

Global oil prices continued their volatile ride overnight, with prices pulling back after data from OPEC's regular monthly oil report lowered its forecast for worldwide demand its supply next year to around 32.2 million barrels per day. AP is the largest and most trusted source of independent news and information.

Lily James to star in 'Mamma Mia' sequel
Benny Anderson and Björn Ulvaeus from ABBA will return as executive producers and to add music and lyrics. Craymer was also the creator and producer of the smash-hit stage musical.

Le gouvernement envisage de mettre fin au monopole des syndicats — Dialogue social
Ce comité disposerait d'un budget de fonctionnement et conserverait la capacité d'exercer un recours devant un tribunal. Et ce, même sans mandatement syndical, comme c'est obligatoire aujourd'hui.

Yacht being rented by Ronaldo boarded by Customs agents
Whereas Ronaldo himself was said to have remained very calm throughout the process as at no time did he make contact with the agents.


  • In Trump's Ohio bastion, supporters dismiss uproar over Donald Jr

    After graduation, he chose bartending in Colorado over a job with the Trump Organization and spent 18 months weighing his options. Currently, foreigners arriving in the U.S. submit to photo and digital fingerprint recording but there are no "exit" scans.
    Watch a Wheelchair-Bound Fan Crowdsurf Onstage to Perform With Coldplay

    Watch a Wheelchair-Bound Fan Crowdsurf Onstage to Perform With Coldplay

    Coldplay later posted a clip of the performance to their Facebook page, writing: "Amazing scenes in Dublin this evening".
    Russia Talks To Resume As Moscow Threatens Retaliation

    Russia Talks To Resume As Moscow Threatens Retaliation

    Ryabkov was not optimistic ahead of the meeting. "It would be wrong to expect our bilateral relations to improve overnight". Russian Federation canceled the last scheduled meeting last month in response to new Ukraine-related sanctions.
  • Midland squad captures academic excellence award

    Midland squad captures academic excellence award

    Steve Johnson is the Associate Athletic Director for Media Relations and Collegiate Licensing at Dixie State University. In all, 208 men's basketball programs from across the country at all levels were selected for this honor.
    State govt has 'diluted' RERA with exclusions

    State govt has 'diluted' RERA with exclusions

    Though some states have notified the rules, only Maharashtra and Madhya Pradesh have established the regulatory authority while few others have established an interim authority.
    Volvo Reveals Its Hybrid Car Plans In India After GST

    Volvo Reveals Its Hybrid Car Plans In India After GST

    Håkan Samuelsson, Volvo's president and chief executive, says this move simply answers customer demand. Volvo has already announced that it would launch five electric cars between 2019 and 2021.
  • All eyes on upcoming Trump-Putin meeting

    All eyes on upcoming Trump-Putin meeting

    Donald Trump - both as a businessman and as President - has regularly blended his family with official duties. United Nations ambassador Nikki Haley said this was not unusual for Ivanka .

    Kim Jong-un attends concert to celebrate missile launch

    There is a real possibility that North Korea's ICBM could reach beyond Alaska and strike targets along the West Coast. Security Council debate last week, during which Moscow challenged Washington's reference of the missile as an ICBM.
    WWE Ratings Got A Big Boost Following Great Balls Of Fire

    WWE Ratings Got A Big Boost Following Great Balls Of Fire

    However, the third hour of Raw saw a big drop of approximately 169,000 viewers; consistent with the decrease for Raw's third hour. Averaging all three hours of RAW, the show pulled in 3,009,000 overnight viewers, up from last week's 2.839 million viewers .
  • Shares in General Electric Company (NYSE:GE) Acquired by Addison Capital Co

    The stock of Stratasys, Ltd. (NASDAQ:SSYS) has "Neutral" rating given on Tuesday, December 13 by Goldman Sachs. The stock of Corning Incorporated (NYSE:GLW) has "Hold" rating given on Tuesday, January 26 by Drexel Hamilton.

    President Trump says eldest son Donald Trump Jr is 'innocent'

    Trump himself was described by the White House as frustrated by yet another distraction involving the Russia investigation. Brett Bruen studied Russian influence operations for Obama's National Security Council following the invasion of Ukraine.
    Chuck Blazer est mort

    Chuck Blazer est mort

    L'ancien informateur du FBI et de la justice américaine, Chuck Blazer, est décédé ce mercredi, a annoncé son avocat à l'AFP. Blazer souffrait depuis plusieurs années de graves problèmes de santé, dont un cancer du colon.


House Subcommittee Approves $Half-Billion DOT Cut
A similar provision on meal and rest breaks at the state level was also included in a pending Senate bill. Trucking groups have suggested fleets are exempt under federal law from individual state measures.

Pokémon Ultra Soleil : édition steelbook et collector annoncés
Il sera donc possible d'acheter chaque jeu dans une Fan Edition comprenant un des jeux et un steelbook aux couleurs de sa version.

Royal Gold (NASDAQ:RGLD) Given Daily News Sentiment Score of 0.31
In other Royal Gold news, CFO Stefan Wenger unloaded 1,000 stocks of the firm's shares in a trade on early Mon, May 1st. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

Un test encourageant — Hyperloop
Le moteur, la pompe à vide, la sustentation magnétique et le frein électromagnétique ont été testés lors de cet essai. Elon Musk n'a fait que relancer l'idée et n'a pas de participation financière dans ces startups.

McConnell Nixes Part Of Senate Vacation To Deal With Backlog
McConnell earlier postponed a procedural vote on the Republican healthcare bill with plans to have a revised bill this week. Leaving the tax in place would be "discouraging", Toomey said: "But it looks as though I have lost that argument".

Major delays but Melbourne trains moving
Metro Trains Melbourne has advised that all trains across its network "are now stopped due to a computer failure". Earlier, peak hour passengers had been warned not to force the doors open.

Sourav Ganguly : Virat Kohli needs to understand how coaches operate
Another meltdown six months down the line might be disastrous for Indian cricket, and for the CAC's reputation. The coach, captain and players are the ones who will take Indian cricket forward.

Blake Lively to star in assassin thriller from James Bond producers
She is now in pre-production in director Paul Feig's film A Simple Favor for Lionsgate. Lively is in pre-prod on director Paul Feig's film A Simple Favor at Lionsgate.

Images étonnantes de la Grande Tache de Jupiter
La sonde américaine Juno a réussi à survoler directement la grande tache rouge de Jupiter, a confirmé mardi la NASA. Lancée le 5 août 2011 de Cap Canaveral en Floride, Juno s'est mise en orbite autour de Jupiter le 4 juillet 2016.

Fenerbahçe s'attaque maintenant à Lucas Moura — PSG
Pour contrecarrer cette faiblesse financière, le club d'Istanbul envisage de proposer un prêt avec option d'achat. Lucas sera-t-il encore au PSG à la fin du mercato? Selon L'Equipe , celle-ci pourrait venir de Turquie.