The Fed paints a clearer picture of tightening, the dollar rebounds
06:31, Sep 22, 2017
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US shares were set to be little changed with Dow futures inching up less than 0.1 percent to 22,305. That ran counter to what many expected based on simple supply and demand as the Fed amassed $4.5 trillion of debt and became the single biggest holder of Treasuries.
Traders reacted predictably to what had been a heavily-flagged move from the Fed, which was then followed unsurprisingly in Asia as the Bank of Japan kept its monetary spigots open at full.
The kiwi dollar was little changed at 91.29 Australian cents from 91.25 cents.
Tokyo stocks ended slightly higher on Thursday as banks and exporters chalked up gains thanks to a weaker yen, but Toshiba retreated as it faced a court battle over the $18 billion sale of its prized memory chip business. GDP figures are due out tomorrow and are forecast to show growth accelerated to 0.8 percent in the second quarter from 0.5 percent three months earlier for an unchanged annual growth rate of 2.5 percent.
In its policy statement, the Fed took note of Harvey, Irma and Hurricane Maria, which it said had devastated many communities.
The U.S. central bank is expected to announce when it will begin paring its bond holdings, and while a September interest rate increase is not expected, investors will closely study Fed Chair Janet Yellen's views on inflation for clues whether the Fed will raise rates in December. Rates had previously been cut to a record low after the 2008 financial crisis, helping to fuel a multiyear global stock boom.
But although the dollar has since risen sharply versus the yen, against a basket of major currencies it gained only half a percent last week.
Food companies came under pressure after General Mills reported earnings that missed analyst expectations. The Nikkei jumped 2% to end at 20,299.38, the highest closing level since August 2015.
Energy shares gained after United States oil prices finished above $50 a barrel for the first time since late July.
"The medium-term narrative for sterling will continue to be dominated by Brexit, with Prime Minister Theresa May's keynote speech in Florence taking center stage on Friday", he said, adding that any further gains in sterling this week would be capped around $1.3680.
Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) was a very notable riser, adding nearly 53% to $114.80 as it reported positive Apollo phase 3 results. Earlier in the session, gold hit $1314.36, its lowest since Aug 31.
Elsewhere on the Comex, silver futures lost 1.78% to $17.03 a troy ounce. It bought the bonds to try to hold down mortgage and other loan rates and support a fragile economy.
In Europe, Germany's DAX rose 0.1 percent, while the CAC 40 in France added 0.1 percent.
S&P 500 futures are 0.25 ahead at the time of writing, while the Nasdaq is 0.75 lower and the Dow Jones is down six points, having closed yesterday up over 30 at 22,370.
People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Thursday, April 21, 2017.
In Australia, the S&P/ASX 200 slipped 0.11% with the telecommunication sector suffering the most losses.
What makes the Big Billion Days and the Amazon Great Indian Festival more intense is that the timing of both the events overlaps. Sources are saying that people are going to get, good deals, smartwatches, smartphones, big-screen TVs and more.
Will agrees with the line Vegas has for the Clemson/Louisville game even though he isn't a bettor. "We feel like it is a rival". Now that Watson has departed, his replacement Kelly Bryant is showing that he also has the skills to lead Clemson to the top.
So, while this might not be one of the marque match ups of week one, it is most certainly one of the most intriguing. Wentz and his new weapons take a little time to jell and the secondary has some trouble with Cousins and Pryor.
Unfortunately for Bolts fans, Sunday's loss was the second-consecutive week the team has fallen on a failed field goal attempt. LA finished out their San Diego residency past year in a 5-11 campaign that left them in last place in the AFC West.
The Cleveland Indians are chasing a Major League Baseball record that few teams in the modern era have managed to accomplish. Iglesias had returned to his home in Florida for the birth of his child but got stranded there during Hurricane Irma .
Successive regimes have historically discriminated against them even though many have lived for generations in Rakhine state. India remains deeply concerned about the situation in Rakhine State in Myanmar and the outflow of refugees from that region.
Along with this, the giant has also unveiled its new macOS High Sierra and watchOS4 to upgrade pretty much all the Apple products. One of the biggest advancements in this new update will be the capacity to reduce the size of images substantially.
Ryan is also coming off a season in which he threw for 4,944 yards and fired 38 touchdowns to just seven interceptions. The Packers are no strangers to opening a visiting team's stadium - it lost 17-14 in the Vikings' first game at U.S.
They have requested a FEMA incident management team to expedite any federal assets that may be needed to respond to the storm. Residents cleared out store shelves, grabbing the essentials as they prepared for the worst in cities like Charleston.
On behalf of the government , Suu Kyi said the Myanmar authorities are set to restore security and order in Rakhine state. The Supreme Court on Monday will hear plea filed by the two Rohingya immigrants, Mohammad Salimullah and Mohammad Shaqir.
The Vikings are a better team against the run than the Browns are, making Pittsburgh's task this week a bit hard . A play where rookie Juju Smith-Schuster took a shovel pass and rumbled into the end zone from the four-yard-line.
But it can last for only so long, and their first performance of the year widened any existing gulf between offense and defense. This would be the ultimate troll job after his career with the Green Bay Packers came to an abrupt end following last season .
IPhone 8 price in India: Here's how you can get discount
It is clear Apple tried hard to focus on battery improvements on the areas that users use most, i.e talk time and audio playback. Nearly the entire front of the phone will be screen save for a cutout at the top for the earpiece, selfie camera, and sensors.
AJ Green frustrated by lack of targets on final drive
O'Brien said he hopes he will be able to stick with whoever starts on Thursday - and it is expected to be Watson - going forward. It was a bad night for the Bengals, and after only two games Cincinnati is on the verge of kissing its season goodbye.
Protesters march in St. Louis after officer's acquittal
After the verdict, protesters and activists gathered outside the courthouse and marched through the city's downtown for hours. KIMBERLY GARDNER: We can not let the naysayers and guardians the status quo let us miss this opportunity to seek real change.
USA reports rising income, falling poverty in 2016
Black families saw their median income climb 5.7% in 2016 to $39,500, while Hispanic households had a 4.3% increase to $47,675. Incomes in the Washington area, including parts of Maryland and northern Virginia, rose a more modest 2.7% from 2015.
Deaths in Florida Keys takes Irma's death toll to 61
In Sandy Springs, a man died while lying in bed after a large tree broke and fell on his home, the Sandy Springs Mayor said. Irma is expected to drop 2 to 5 inches of rain across SC and northern portions of Georgia, Alabama and Mississippi.
Alabama, Georgia and South Carolina Colleges Close for Irma
Florida's coastal and southern areas have been evacuated since last week with a record 6.3 million people leaving their homes. BOTTOM LINE: What About South Carolina? Jones added that once the wind direction shifts, the water will quickly return.
Hurricane Irma thrashes Florida
Authorities have urged residents in the state to evacuate, but like many , Chapman waited too long and now can't leave. Georgia Power spokeswoman Holly Crawford said Monday the areas with the most outages were Glynn and Chatham counties.
Jets' Todd Bowles tries to explain punting blunder vs. Bills
Jordan Matthews caught a attractive pass that was in between defenders to get the Bills in scoring position in the first half. It was a stretch play to the right, but McCoy found a seam up behind the nose tackle and up the middle of the field.