Asia stocks ease, dollar steadies after Fed-led losses

MSCI's world stock index which tracks shares in 45 nations, rose 0.4 percent to 446.20, an all-time peak. Although nothing in the minutes directly suggested that a March rate hike is off the table, it appears that the markets have broadly interpreted the minutes to be less hawkish than the recent speculative build up had afforded. Far-right, anti-euro party leader Marine Le Pen increased her first-round lead, a new poll showed, but is still not expected to win the run-off.

In commodities, oil prices gained in early Asian trade after data from the American Petroleum Institute showed a surprise drop in US crude stocks last week.

But while some members of the Federal Open Market Committee judged that a tighter labor market could trigger price increases in the future, others argued that the threat of rapid inflation was not imminent.

The 0.5 percent decrease reported by Statistics Canada on Wednesday was worse than economists' expectations for sales to be unchanged.

"It's a battle between how quick OPEC can cut without shale catching up", said Tony Nunan, oil risk manager at Mitsubishi Corp in Tokyo.

Europe's benchmark index of 300 leading shares touched its highest since December 2015, ended up 0.6 per cent at 1,471.87 points.

He added: "There's also data coming in - there's spending data, there's inflation data, there's a big jobs report between now and the March meeting".

Earlier, the index lost as much as 0.15 percent.

Big Lines From Trump's News Conference
Flynn made the mistake of denying that he had discussed specific sanctions against Russian Federation during these conversations. When exactly did Trump know? The retired lieutenant general was serving as a member of Trump's transition team then.

Paul Ashworth, chief USA economist at Capital Economics, said the "fairly soon"' phrase in the minutes "clearly leaves the door open to a March rate hike, although. we still think the Fed will delay until June".

Cleveland Fed President Loretta Mester said late on Monday she would be comfortable raising rates if the economy maintained its current performance.

The Fed has raised rates once in each of the last two years in a tentative sign of optimism on the economy.

"The unambiguously positive tone from Fed Chief Yellen last week and Philadelphia Fed President Harker on Monday seemingly displayed a keenness on pushing forward with raising rates on Monday".

Oil prices dipped. Brent crude, the global benchmark, traded at $US56.50 a barrel, down 17 cents.

German two-year yields hit a record low of minus 0.9 per cent while U.S. equivalents touched 1.24 per cent.

It traded in tight ranges against the yen and the euro, moving back above $1.05 against the single currency after a pledge of support for centrist candidate Emmanuel Macron from one rival soothed investor nerves about how France's presidential election might pan out. USA crude settled up 66 cents or 1.24 percent at $54.06.


Popular
  • Trump Went After the Press (Again) During His Florida Rally

    Trump Went After the Press (Again) During His Florida Rally

    This rally is being held in Florida, a state Trump will be as he heads to his Mar-a-Lago resort for the third straight weekend. It follows an official trip Friday to SC , where Trump will visit a Boeing facility in North Charleston.
    Trump vows to treat DACA recipients with 'great heart'

    Trump vows to treat DACA recipients with 'great heart'

    Trump has indicated on several occasions that people who qualify for DACA would be excluded from his immigration crackdown. At the detention center, it was determined he Ramirez Medina was a DACA recipient and did not have a criminal history.

    Harvard Study on ACA Repeal Reveals Impact on Kentucky Addicts, Mentally Ill

    At Friday's roundtable, Cicilline said Republicans have been dragging their feet to repeal and replace Obamacare for years. The proposal also says insurance companies can demand consumers pay off any missed premiums before they get a new policy.
  • Lots of points, lots of dunks, not a lot of All-Star defense

    Lots of points, lots of dunks, not a lot of All-Star defense

    While the two talked trash at times during their regular-season matchups, they often refused to answer questions about the other. Perhaps rightfully so, as their rookie center Joel Embiid was snubbed from the All-Star game with Paul Millsap taking his place.

    Apple iPhone 8 could feature a fingerprint scanner imbedded into the display

    The analyst also revealed that battery wise, the iPhone 8 will be similar to the iPhone 7 Plus which had a 5.5 inch display. The tech giant joined the Wireless Power Consortium (WPC) late last week, a spokesperson for the organization confirmed.
    Winter Weather Advisory Issued For Parts Of Tri-State Area

    Winter Weather Advisory Issued For Parts Of Tri-State Area

    Luckily, many tweeters in the path of the storm are remaining calm about the "big baddie snowblob" coming right for them. The storm is also expected to bring a mix of rain and snow at times, which will create slick and icy driving conditions.
  • Guardiola enjoyed Man City success but still rates Monaco

    Guardiola enjoyed Man City success but still rates Monaco

    Jardim's team has momentum, confidence, skill, power and balance. "The old and young guys in the team played awesome ". Aguero led the club's Champions League to fight-back against Monaco on Tuesday, scoring two goals in the process.
    Unilever slumps as Kraft Heinz pulls bid; United States  markets shut for holiday

    Unilever slumps as Kraft Heinz pulls bid; United States markets shut for holiday

    FoodBev broke news of the initial £106 billion offer on Friday, which Unilever claimed grossly underestimated its total value. Switzerland's Nestle SA is also a "hot breakup candidate" or a company that could reshape its assets, he said.
    Utahns turn out for Not My President's Day rally

    Utahns turn out for Not My President's Day rally

    As these protests take place all over the country on Monday, they act as reminders that Trump is only one person. She said politics is discussed more in her classrooms, but not too much "because it can lead to arguments".
  • Your basic primer on Jio Prime membership

    Your basic primer on Jio Prime membership

    He said that Reliance Jio would be monitoring the data plans offered by other telecom operators and offer 20% more data than them. As the flagship data plan of JIO is coming to end in March 2017, the company has revealed their tariff plans and other services.

    Anthony Davis named MVP, West wins NBA All-Star game 192-182

    The New Orleans Pelicans star Davis was named MVP and broke the scoring record of 42 points set by Wilt Chamberlain in 1962. Carmelo Anthony, who was an injury replacement for Cavs forward Kevin Love, scored 10 points off the bench.
    House Freedom Caucus call for quick Obamacare repeal vote could stall progress

    House Freedom Caucus call for quick Obamacare repeal vote could stall progress

    Still, Ryan insisted Wednesday that the House is "on schedule" for a repeal and replacement vote this spring. The repeal of the Affordable Care Act has many Americans scared, but no one has more at stake than women.

CONNECT