(Updates with change in vote tally, second and final paragraphs)By Howard SchneiderWASHINGTON, Jan 23 (Reuters) - The U.S. Senate on Tuesday confirmed Federal Reserve Governor Jerome Powell as the next head of the central bank, succeeding Janet Yellen, a move likely to provide continuity in U.S. monetary policy with the economy growing now for nine years straight. The Republican-controlled Senate...Read More
Jan 24 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATE COUNTRY AUCTION DETAILS 24-JanUnited States Sale of 2-year floating rate notes24-JanUnited States Sale of 5-year notes24-JanSwedenAuction of government bonds25-JanUnited States Sale of 7-year notes25-JanJapan 3-month discount bill auction25-JanJapan Auction of...Read More
Jan 24 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily. ** Indicates new events, if any -----------------------------------------------------------WEDNESDAY, JANUARY 24 SINGAPORE - 1st Meeting...Read More
Jan 24 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily. ** Indicates new events -----------------------------------------------------------WEDNESDAY, JANUARY 24STOCKHOLM - Riksbank Deputy Governor Martin Floden to discuss current monet...Read More
(Adds details on capacity increase)By Alana WiseNEW YORK, Jan 23 (Reuters) - United Continental Holdings Inc shares fell more than 6 percent in after-hours trading on Tuesday as the airline said it plans to increase capacity, likely threatening its profit margin as it is locked in a price war with low-cost carriers. "The best way to compete with low-cost carriers is to match their prices,&qu...Read More
SINGAPORE, Jan 24 (Reuters) - The dollar slipped to a four-month low against the yen on Wednesday, pressured by simmering concerns that the U.S. currency's yield advantage will start to erode as major central banks head toward unwinding their massive stimulus.The dollar touched a low of 110.06 yen at one point, its lowest level since Sept. 15, and was last trading at 110.16 yen, down 0.1 percent f...Read More
SAO PAULO, Jan 23 (Reuters) - Brazilian credit card processing firm PagSeguro Digital Ltd priced its initial public offering at $21.50 per share, above the set price range, according to a source with direct knowledge of the matter.Strong demand led underwriters to increase the size of the offering, the source added, asking for anonymity because no authorization had been given to discuss the matter...Read More
WASHINGTON (Reuters) - A majority of the U.S. Senate on Tuesday voted to confirm Federal Reserve Governor Jerome Powell as the next head of the central bank, likely ensuring continuity in monetary policy.Powell, who was seen as an uncontroversial pick with views closely aligned with current Fed Chair Janet Yellen‘s, is a lawyer and former investment banker. He has served on the Fed’s B...Read More
In September of 2017 gold prices topped out at $1363 per ounce. This marked the conclusion of a dynamic rally, which began in July 2017 when gold was trading just above $1200. This $163 rally contained the largest single price move of any rally last year.What would follow would be a sustained and multi-month correction in which gold prices toppled first to $1262 in October of last year and then, a...Read More
(Adds vote details, quotes)By Howard SchneiderWASHINGTON, Jan 23 (Reuters) - The U.S. Senate on Tuesday confirmed Federal Reserve Governor Jerome Powell as the next head of the central bank, succeeding Janet Yellen in a move likely to provide continuity in U.S. monetary policy as an aging economic recovery marches on.The Republican-controlled Senate voted 85-12 to approve the 64-year-old lawyer t...Read More
Jan 23 (Reuters) - Puma Biotechnology Inc said on Tuesday a European regulatory panel indicated it was unlikely to provide a positive opinion on the company's breast cancer drug, sending its shares down 30 percent.The setback comes six months after the U.S. Food and Drug Administration approved the experimental breast cancer drug that lowers the risk of the disease returning after initial treatmen...Read More
WASHINGTON, Jan 23 (Reuters) - A majority of the U.S. Senate on Tuesday voted to confirm Federal Reserve Governor Jerome Powell as the next head of the central bank, likely ensuring continuity in monetary policy.Powell, who was seen as an uncontroversial pick with views closely aligned with current Fed Chair Janet Yellen's, is a lawyer and former investment banker. He has served on the Fed's Board...Read More
(Updates prices)By Bruno FederowskiBRASILIA, Jan 23 (Reuters) - Latin American currencies weakened on Tuesday as concerns over potential U.S. protectionism lifted the U.S. dollar from an early-year selloff.U.S. President Donald Trump slapped steep tariffs on imported washing machines and solar panels on Monday, measures that some feared could be just the beginning of a wider protectionist swing. C...Read More
CHICAGO, Jan 23 (Reuters) - Weaker demand resulted in wider spreads on Tuesday for the sale of highly rated bonds Chicago pulled from the U.S. municipal market last week in order to restructure the deal.The pricing of nearly $376.3 million of the city's Sales Tax Securitization Corporation tax-exempt bonds resulted in spreads of 53 to 60 basis points over Municipal Market Data's (MMD) benchmark tr...Read More
* S&P 500, Nasdaq end up; Dow flat* Brent oil again tops $70/bbl* Treasury yields fall in line with Japanese govt bond yields (Updates with closing U.S. market levels)By Caroline ValetkevitchNEW YORK, Jan 23 (Reuters) - World stock markets rose on Tuesday, with the S&P 500 getting a lift from upbeat earnings from companies such as Netflix, while the U.S. dollar slipped to a three-year low...Read More
DAVOS, Switzerland (Reuters) - Canadian Prime Minister Justin Trudeau said on Tuesday Canada was working hard to convince U.S. President Donald Trump that the NAFTA trade agreement was in the interest of the United States as well as other countries.“We’re working very hard to make sure that our neighbor to the south recognizes how good NAFTA is and that it has benefited not just our ec...Read More
* TSX up 9.57 points, or 0.06 percent, at 16,357.98* Five of TSX's 10 main groups move higher TORONTO, Jan 23 (Reuters) - Canada's benchmark stock index reversed earlier losses to close marginally higher on Tuesday, lifted by positive sentiment globally as well as higher oil and gold prices.* The Toronto Stock Exchange's S&P/TSX composite index was up 9.57 points, or 0.06 percent, at 16,357.9...Read More
(Kitco News) - It is not just about the economic and political headlines, according to the best-selling author, Jim Rickards, who said that the current gold bull market is being driven by fundamentals.“We are in the third year of a bull market with a very long way to run,” Jim Rickards told Kitco News on the sidelines of the Vancouver Resource Investment Conference. “The fundamen...Read More
U.S. stocks finished the day mixed, after touching record highs in early trading. The Dow traded on both sides of breakeven, but ultimately ended with a modest loss, as speculators weighed a mixed bag of blue-chip earnings reports, with Travelers (TRV), Johnson & Johnson (JNJ), Verizon (VZ), and Procter & Gamble (PG) among the stocks in focus. FAANG stock Netflix (NFLX) also garnered a healthy amo...Read More
Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,037.00 45.10 NZX 50**8,325.05 17.42DJIA**26,210.81-3.79 NIKKEI**24,124.15307.82Nasdaq**7,460.28 52.257FTSE**7,731.83 16.39S&P 500** 2,839.13 6.16Hang Seng** 32,930.7 537.29SPI 200 Fut 6,003.017.0STI** 3,592.08 22.65SSEC**3,546.9816 45.62 KOSPI** 2,536.60 34.49--------------------------------------------------------------------------...Read More