Stock Market Searches For Direction As Traders Decipher Powell Testimony
07 March, 2018, 11:58 | Author: Lora Ball
The yield on the key 10 year bond fell to 2.86% on Wednesday and to around 2.802% on Thursday - a sign that investors are selling out of shares and commodities and heading for the safest haven of all - US Treasuries.
"It's reasonable for markets to start repricing a possibility of higher inflation and higher interest rates", Sturkenboom said. Mainland markets traded slightly higher after recent losses: The Shanghai composite edged up by 0.15%.
Stocks were higher earlier in the day after Powell appeared to calm one of the market's main worries when he said that he does not see inflation in workers' wages "at a point of acceleration".
The new chair signalled the central bank could hike rates more than three times this year should economic and inflation data continue to prove healthy.
Booking Holdings Inc (BKNG.O), formerly known as Priceline, rose 6.8 percent after reporting upbeat quarterly profit, helped by higher hotel bookings, while off-price apparel seller TJX (TJX.N) jumped 6.9 percent after posting upbeat same-store sales.
SHARP BITE: Patterson Companies fell to the biggest loss in the S&P 500 after it reported weaker earnings for the latest quarter than analysts expected and said that its chief financial officer was leaving.
Caterpillar (CAT) and Boeing (BA) racked up the heaviest early declines on the Dow, off more than 1% each.
Energy (-2.3%) was the weakest of the S&P 11 industry groups, moving lower alongside the price of crude oil after the weekly USA crude oil inventory report showed inventories rising by 3M barrels last week; April WTI futures dropped 2.2% to $61.64/bbl. Benchmark U.S. crude fell 65 cents to settle at $60.99 per barrel.
It has also fallen against the British pound (-0.4pc), euro (-0.2pc) and Japanese yen (-0.5pc). The FTSE 100 in London dropped 0.8 percent.
Access to most of the buildings is limited, and individuals must have identification to enter, according to campus officials. After the shooting , authorities identified the suspect as Davis Jr . and a search for him extended throughout Friday.
Turkish-led forces control more than 20 per cent of the enclave after seizing the area of Rajo in the northwest of Afrin. The air strike followed one of the bloodiest days for Turkish troops since they began the offensive in January.
A Georgia high school teacher who brought a firearm to school and barricaded themselves into a classroom was arrested Wednesday. He was conscious but would not react or respond to officers and emergency medical services took him to a local hospital.
A Crystal Palace steward was caught on Sky Sports celebrating Matic's stoppage time victor with the United players. It would have been nice to have two more points, but we still would have been very much in a relegation battle.
Local Labour councillor Martina Genockey has condemned the events that have taken place in Tallaght this evening. The cars were left on the Tallaght bypass, on Fortunestown's Way, in Jobstown and Bawlea, Extra.ie reports.
Glenn continued: "Communication to the crowd has to be better because people aren't really sure what's going on". The decision still needs to be ratified by the International Football Association Board.
President Donald Trump on Monday boasted of plans to "counteract" the Kremlin's influence in upcoming elections. Trump said he'd like to be, adding "I think maybe this has gone further than anyone's taken it before".
According to the camera tests done by DxOMark , the Samsung flagship received an industry best of 104 in photo tests. The previous leader was the Google Pixel 2 with a score of 98, followed by the iPhone X with a score of 97.
A hospital in Salisbury said earlier on Monday that it was "dealing with a major incident involving a small number of casualties". Mr Litvinenko was a former intelligence officer who, an inquiry later said, was probably killed on the orders of Vladimir Putin.
Secret Service agents raced to the site following the shooting at around 5pm United Kingdom time on Saturday. The name of the man has yet to be released to the public as authorities are scouring for his relatives.
Still a great dress 56 years on
It's been hanging in my closet and I go and stroke it now and then. Garland was nominated for her role in Judgment at Nuremberg . I just love - it was an fantastic night.
Hollywood prepares for the Academy Awards
Peter had succumbed to a heart attack in the January, and when he won the Best Actor title, for Network, his wife collected it. It is in good shape however to take some of the technical Oscars for sound and film editing, as well as sound mixing.