US Treasuries slump ahead of FOMC member Kaplan's speech, Jackson Hole Symposium
US Treasuries slump ahead of FOMC member Kaplan's speech, Jackson Hole Symposium
13 2017. REUTERS Dado Ruvic Illustration
23 August, 2017, 00:30
Analysts are divided as to whether or not Mario Draghi, the ECB President, will drop hints on a policy shift at this week's Jackson Holy symposium of central bankers.
It originated as a deeply technical event, rather than a forum for central bankers to share their thoughts on the state of the economy with the world's investors and media, although it has evolved into that. It held well below a 2-1/2-year high above $1.19 hit earlier this month as markets bet the euro's double-digit gains this year may be too much for a central bank that is still wary of removing stimulus.
"(Federal Reserve boss Janet) Yellen looks to have just four months left in her role, possibly leaving her in a more favourable spot to raise interest rates before the end of the year". "If she wants to implement this in October, she could announce it in September", said Kathy Bostjancic, head of U.S. macro investor services at Oxford Economics.
The common currency edged lower on Monday and is extending last week's decline, the largest weekly fall since early June, as investors ponder the next move by the European Central Bank.
Under Draghi, the European Central Bank has pumped more than 2 trillion euros ($2.35 trillion) into the global financial system. Still, the index is up 13.5 percent since the election. At the same time, US Treasury Note prices are stuck at 2017 resistance (aligning with UST 10Y Yield support).
"We have certainly noticed the stock market is up considerably over the past year", she said.
TIMELINE: Strong, severe storms expected Tuesday Remember, a Tornado Watch is issued when severe thunderstorms and tornadoes are possible in and near the watch area. The National Weather Service has issued a Tornado Watch for northern NY and northwest Vermont until 9 pm.
The dollar index last stood at 93.101 .dxy , having retreated from a three-week high of 94.145 set last Wednesday.
ENERGY: Benchmark U.S. crude was up 3 cents at $47.56 a barrel in electronic trading on the New York Mercantile Exchange while Brent crude, used to price worldwide oils, fell 2 cents in London to $51.64 a barrel.
Against the dollar, the pound was at its weakest point in almost four weeks, down 0.5% at 1.283.
The Euro has defied gravity even as the fresh news has dried up and the Dollar has somewhat found its feet. "There is some risk that it remains this way for the rest of the week, as financial markets wait for the Jackson Hole Symposium this weekend". However, it remained mostly down against other major currencies.
Dispensing equipment maker Nordson (NDSN) is also likely to come under pressure after reporting better than expected third quarter results but providing disappointing guidance.
Instead, Draghi could repeat a message he gave in June at the ECB forum in Sintra, near Lisbon, when he expressed confidence in the eurozone economic recovery and reminded investors the ECB's exit from QE would be contingent on calm conditions on the financial markets, according to Mark Wall, chief economist at Deutsche Bank.
Microsoft has launched a special edition of the Xbox One S Minecraft Edition Bundle for avid Minecraft players and collectors. Keep in mind this is purely speculative and of the imagination of the author, though not completely out of the question.
In terms of design, the Gionee X1 sports a metal unibody design with a metal frame all around, giving it an overall premium look. Promotional offers that come with the phone include 10 GB additional data per month for Airtel subscribers for 6 recharges.
The four-tournament FedEx Cup playoffs begin with the top-125 finishers qualifying for this week's Northern Trust event in NY . And it got better when Siem battled his way through to the final to take on Otaegui, a rapidly-improving young Spanish golfer.
Few have been able to take it, and part of the intrigue of this fight is whether Mayweather will be able to survive the shot. But that may say more about America's appetite for reality TV and spectacle than it does about the two sports themselves.
As per the latest trend, the Congress has won only on six seats while the Shiv Sena candidates were successful in five wards. Shelar also mocked former BJP ally in the municipal corporation, Shiv Sena, without mentioning the name of the party.
Among other Asian markets, Hong Kong's Hang Seng index was up 0.09 per cent while Japan's Nikkei shed 0.13 per cent. On similar lines, the National Stock Exchange index Nifty dropped by 73.95 points or 0.74 per cent to 9,830.20.
Heavy rain is forecast across the south-west Saturday night and will gradually move up over the rest of the country. There will be a risk of low visibility in coastal and hill areas due to patches of rain, drizzle and fog.
He had a remarkable chemistry with his audience - that's what made him such an incredible professional and why he was so loved. He also said he was "honoured" to have known and worked with Sir Bruce and "to have had my life touched by such greatness".
So, while the Buckeyes came in ahead of the Seminoles in the top 25, FSU actually received more first-place votes. It will be Florida's first non-conference regular-season game played outside of the state since 1991.
Venkatesan added that the outgoing CEO will be in the company for 90 days and will work as an executive vice chairman. The buyback plan was announced in April.
Bankers observe strike, services affected
A few of the employees had also gathered in front of the Regional Office of Canara Bank in Nazarbad and staged protest. However, private sector banks like ICICI Bank , HDFC Bank , Axis Bank and Kotak Mahindra Bank , remained open today.
Villages liberated from ISIS control in Tal Afar
The Iraqi air force dropped leaflets over the city warning people to "prepare" for the latest assault. She also called upon the advancing Iraqi force to rescue the enslaved Izadis "as soon as possible".
He lived the American dream
Writer-actor Marlon Wayans, Will & Grace's Sean Hayes and stand-up comedian Dane Cook referred to Lewis as a hero and mentor. Lewis, at right, joined late singer and actor Dean Martin to become a comic duo of worldwide fame early in their careers.
Tamil Nadu: AIADMK 'united' again
Meanwhile, sidelined AIADMK deputy general secretary TTV Dinakaran held deliberations with supporters at his residence here. One faction led by Chief Minister Palaniswamy and the other by former Chief Minister and rebel leader O Pannerselvam.
Android O' set for official launch in US
The company is certainly using the awe of this upcoming astronomical event to debut its next generation mobile operating system. To date, Google hasn't officially disclosed what the "O" in " Android O " stands for, while many believe it could be Oreo .
Suspects in hair stylist stabbing brought back to Chicago
Microbiologist Lathem, who has since been sacked by Northwestern University, plans to plead not guilty, according to his lawyer. Toller said Lathem then yelled at Warren, who was standing in a nearby doorway, and asked him for help.
All Blacks Great Colin Meads Dies At 81
World Rugby CEO Brett Gosper, cricket star Brendon McCullum and WBO heavyweight champion Joseph Parker also paid their respects. He never backed down from any challenge or fight, and that's why he was not only a great player, but a great New Zealander.
Monuments Fight Heats Up in Capital of the Confederacy
Corey Booker , D- New Jersey, announced he plans to introduce legislation to remove Confederate statues from the U.S. The demonstrators had gathered in the college town to protest the removal of a statue of Lee from a public park.
Young Girls Found Dead in Maryland Home
Williams has been charged with three counts of first-degree murder and three counts of second-degree murder, Mail Online reports . The scene was heartbreaking to police; counseling services are being offered to those who responded to the home.