Us Economy

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GLOBAL ECONOMY WEEKAHEAD - U.S. jobs may offer solace after stalled growth | Reuters

Apr 30, 2016 at 00:15 | Source: FirstPost

BRUSSELS After almost stalling in the first quarter, the U.S. economy will show whether it has got back into gear in the coming week with the monthly report on the labour market that has so far shrugged off global concerns and the strong dollar. Gros...

Gold poised for best week in eight on dollar slump| Reuters

Apr 29, 2016 at 06:45 | Source: FirstPost

SINGAPORE Gold held near its highest in a week on Friday and was poised for its biggest weekly rise in eight, as the dollar tumbled after the Bank of Japan and the U.S. Federal Reserve stood pat on policy. FUNDAMENTALS* Spot gold XAU= was little chan...

U.S. economy stalls in first quarter as activity weakens broadly| Reuters

Apr 29, 2016 at 00:15 | Source: FirstPost

WASHINGTON U.S. economic growth braked sharply in the first quarter to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant labor marke...

Fed signals no rush to hike rates as economy hits soft patch

Apr 28, 2016 at 12:25 | Source: FirstPost

Washington: The Federal Reserve left interest rates unchanged on Wednesday, but kept the door open to a hike in June while showing little sign it was in a hurry to tighten monetary policy amid an apparent slowdown in the U.S. economy.In a statement t...

U.S. Fed leaves rates alone, signals confidence in economy| Reuters

Apr 28, 2016 at 00:45 | Source: FirstPost

The Federal Reserve kept interest rates unchanged on Wednesday but signalled confidence in the U.S. economic outlook, leaving the door open to a hike in June.The U.S. central bank's policy-setting committee said the labour market had improved further...

GLOBAL ECONOMY WEEKAHEAD - Hoping for a hint as focus moves to Fed| Reuters

Apr 23, 2016 at 00:45 | Source: FirstPost

DUBLIN The U.S. Federal Reserve is set to join the ECB in holding policy steady when it meets in the coming week against a calmer market backdrop, while big economies report on how they fared in what was a volatile first quarter.But the push for yet ...

Wall Street nears record as quarterly reports roll in| Reuters

Apr 20, 2016 at 02:30 | Source: FirstPost

The S&P 500 climbed closer to a record high on Tuesday, lifted by energy stocks and a solid quarterly report from Johnson & Johnson.After dipping into negative territory and then recovering, the S&P 500 ended less than 2 percent short of ...

Wall Street nears record terrain as quarterly reports roll in| Reuters

Apr 20, 2016 at 00:45 | Source: FirstPost

The S&P 500 rose towards a record high in a choppy session on Tuesday, lifted by energy stocks and a solid quarterly report from Johnson & Johnson.After dipping into negative territory and then recovering, the S&P 500 was less than 2 perc...

Fed's Rosengren takes another shot at pessimistic markets| Reuters

Apr 19, 2016 at 05:15 | Source: FirstPost

NEW BRITAIN, Conn. The Federal Reserve is set to hike interest rates more rapidly than investors currently expect, a top Fed official said on Monday, again pushing back on what he said was investors' too pessimistic view of the U.S. economy and monet...

Oil falls on failed output freeze; Dow above 18,000| Reuters

Apr 19, 2016 at 03:45 | Source: FirstPost

NEW YORK Oil prices edged lower on Monday after producers failed to agree on a plan to curb global supply at a meeting in Qatar, while world stock markets rose and the Dow Jones industrial average closed above 18,000 for the first time since July. Sh...

Dow reclaims 18,000 as quarterly scorecards start to flow| Reuters

Apr 19, 2016 at 02:15 | Source: FirstPost

The Dow Jones industrial average climbed to a nine-month high on Monday, in a market buoyed by Hasbro and Disney, as investors braced for a flurry of quarterly earnings reports through the week.Chevron added 1.51 percent as crude oil prices steadied ...

Dow reclaims 18,000 as quarterly reports begin to flow| Reuters

Apr 19, 2016 at 00:45 | Source: FirstPost

Wall Street rose on Monday, with the Dow touching highs not seen since July, as Hasbro and Disney lifted the consumer discretionary sector while investors braced for a flurry of quarterly earnings reports through the week.Chevron (CVX.N) climbed 1.25...

Weak U.S. retail sales reinforce Fed caution on rate hikes| Reuters

Apr 14, 2016 at 00:30 | Source: FirstPost

WASHINGTON U.S. retail sales unexpectedly fell in March as households cut back on purchases of automobiles and other items, further evidence that economic growth stumbled in the first quarter. Other data on Wednesday showed a surprise drop in produce...

Global stocks gain on oil boost; dollar fades vs yen| Reuters

Apr 09, 2016 at 02:45 | Source: FirstPost

NEW YORK Global equity markets advanced on Friday, buoyed by a jump in oil prices, but were lower for the week as the dollar gave up early gains against the yen.Stocks on Wall Street and in Europe were lifted by energy names, with Brent and U.S. crud...

Wall Street ends with slight gain; indexes post weekly losses| Reuters

Apr 09, 2016 at 02:30 | Source: FirstPost

A sharp rally in crude oil and energy shares lifted U.S. stocks on Friday, but indexes registered losses for the week and investors were cautious ahead of earnings season.U.S. crude oil settled more than 6 percent higher after data showed lower U.S. ...

Global stocks bounce on oil boost; dollar stems slide versus yen | Reuters

Apr 09, 2016 at 02:15 | Source: FirstPost

NEW YORK Global equity markets bounced, paced by a jump in oil prices on Friday, but were still on track for a weekly decline while the dollar managed to stem its slide against the yen.Stocks on Wall Street and in Europe were lifted by energy names, ...

Energy gains boost Wall Street; S&P on track for weekly loss | Reuters

Apr 09, 2016 at 01:15 | Source: FirstPost

A sharp rally in crude oil and energy shares kept U.S. stocks in positive territory on Friday, but indexes were on track to post losses for the week and a drop in shares of biotechs kept a lid on the Nasdaq.The Nasdaq Biotech index .NBI down 1.4 perc...

Stocks bounce on oil boost; dollar stems slide versus yen | Reuters

Apr 09, 2016 at 00:00 | Source: FirstPost

NEW YORK Global equity markets bounced, paced by a jump in oil prices on Friday, but were still on track for a weekly decline while the dollar managed to stem its slide against the yen.Stocks on Wall Street and in Europe were lifted by energy names, ...

S&P, Dow gain on surge in oil prices | Reuters

Apr 08, 2016 at 23:30 | Source: FirstPost

A sharp rally in crude oil drove gains on the S&P 500 and the Dow on Friday, but a fall in healthcare and technology stocks pushed the Nasdaq into negative territory.Oil prices jumped more than 6 percent after data showed drawdowns in U.S. stockp...

Asian shares drop as banks come under pressure, yen soars| Reuters

Apr 08, 2016 at 07:45 | Source: FirstPost

TOKYO Asian shares extended losses to three-week lows on Friday after bank shares slumped globally, while the yen soared to a 17-month high against the dollar as investors unwound bets against the yen, calculating that any effort by Japan to drive do...

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