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The S&P Stands Alone in Record Territory

6 years 2 months ago
The market liked what it heard out of the virtual Jackson Hole get-together on Thursday, allowing the major indices to cross over some impressive milestones intraday before a late slide left them mixed for the session. Rates will likely stay at historically low levels even lo

U.S. Stocks Likely To Extend Upward Trend In Early Trading

6 years 2 months ago
(RTTNews) - Following the mixed performance seen in the previous session, stocks are likely to move to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 134 points.

Powell and Abe Drive Markets

6 years 2 months ago
After a confused and volatile reaction to the Federal Reserve's formal adoption of an average inflation target, it took Asian and European traders to embrace the signal and take the dollar lower.

Abe Resigns; Are US Stocks About to Drop?

6 years 2 months ago
A surprising announcement from Prime Minister Abe that he is resigning due to health concerns sent Japanese markets into a tailspin with Nikkei down by -1.41% and USDJPY down by more than 85 pips.

Breakingviews - Abenomics will live on in a post-Abe Japan

6 years 2 months ago
HONG KONG (Reuters Breakingviews) - Shinzo Abe may be gone, but Abenomics will stay on. The long-serving prime minister of Japan resigned on Friday. Two of the three arrows of his eponymous reforms are well established. The third, the growth arrow, has flown less high. T

FTSE 100 Pares Early Gains

6 years 2 months ago
(RTTNews) - U.K. stocks rose on Friday as Fed Chair Jerome Powell announced a major policy shift to "average inflation targeting", meaning the Fed is willing to allow inflation to run higher than the standard 2 percent target before hiking interest rates.
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