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US Federal Reserve

Risk units, euro rise in Europe

Risk units, euro rise in Europe

LONDON: The dollar index dropped on Thursday, risk currencies rose to three-year highs and the euro continued its...
Updated 26 Feb, 2021 09:30am
Futures muted ahead of retail sales data, Fed minutes
Markets

Futures muted ahead of retail sales data, Fed minutes

  • Futures: Dow flat, S&P down 0.06%, Nasdaq off 0.18%
  • Retail sales are estimated to rise 1.1% in January, helped by the disbursal of another round of pandemic relief checks to households at the beginning of the month.
Published 17 Feb, 2021 06:25pm
US MIDDAY: Gold rises
Markets

US MIDDAY: Gold rises

NEW YORK: Gold prices rose to a one-week high on Tuesday, as a sliding dollar and hopes of more US fiscal stimulus...
Published 10 Feb, 2021 04:12am
Gold slips in Europe
Markets

Gold slips in Europe

LONDON/ROTTERDAM: Gold prices slipped in European trade on Wednesday as the dollar climbed, with investors’ ...
Published 28 Jan, 2021 04:40am
Jabs equal jobs? Fed sees possible economic boom if vaccine gets on track
World

Jabs equal jobs? Fed sees possible economic boom if vaccine gets on track

  • After a catastrophic spell when economic conditions were so confounded by the coronavirus that the Fed stopped making projections altogether, US central bankers now like what they see.
  • We have a trillion (dollars) in excess savings. We have checks coming in the mailbox. There will be enough demand" from consumers to keep the recovery on track.
Published 12 Jan, 2021 05:22pm
European shares rise on vaccine, Brexit hopes
Markets

European shares rise on vaccine, Brexit hopes

  • The pan-European STOXX 600 index rose 0.5%, with eyes on flash PMIs for December due in the morning session. Expectations are for a slight improvement in business activity over the previous month.
Published 16 Dec, 2020 01:10pm