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US STOCKS-Wall St nudge up as investors await U.S.-China trade clarity

12 hours ago NAMEX Comments Off on US STOCKS-Wall St nudge up as investors await U.S.-China trade clarity
NEW YORK (Reuters) – Wall Street’s main indexes were very slightly higher on Monday after closing at records on Friday and investors digested mixed headlines on U.S.-China trade relations. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 18, 2019. REUTERS/Brendan McDermid The market appeared to Read More

Fed’s Mester: U.S. monetary policy ‘in a good spot’

14 hours ago NAMEX Comments Off on Fed’s Mester: U.S. monetary policy ‘in a good spot’
The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid COLLEGE PARK, MD. (Reuters) – The current stance of monetary policy is appropriate for the U.S. economy and the Federal Reserve should now wait and see how the economy evolves, Cleveland Fed President Loretta Mester said on Read More

Fed’s Mester: U.S. monetary policy ‘in a good spot’

14 hours ago NAMEX Comments Off on Fed’s Mester: U.S. monetary policy ‘in a good spot’
The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid COLLEGE PARK, MD. (Reuters) – The current stance of monetary policy is appropriate for the U.S. economy and the Federal Reserve should now wait and see how the economy evolves, Cleveland Fed President Loretta Mester said on Read More

Trump, Powell met Monday at White House to discuss economy

14 hours ago NAMEX Comments Off on Trump, Powell met Monday at White House to discuss economy
WASHINGTON (Reuters) – U.S. President Donald Trump and Federal Reserve Chair Jerome Powell met at the White House on Monday morning, their second meeting since Powell started the job in February 2017 and soon after became the target of frequent criticism from the president who had appointed him. FILE PHOTO: U.S. President Donald Trump gestures Read More

Asia shares hauled higher as China trims key repo rate

1 day ago NAMEX Comments Off on Asia shares hauled higher as China trims key repo rate
SYDNEY (Reuters) – Asian shares ticked higher on Monday after Beijing surprised markets by trimming a key interest rate for the first time since 2015, stirring speculation that further stimulus was on the way for the world’s second-largest economy. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, Read More

GLOBAL MARKETS-Asia shares in waiting mode ahead of Fed, ECB events

1 day ago NAMEX Comments Off on GLOBAL MARKETS-Asia shares in waiting mode ahead of Fed, ECB events
SYDNEY (Reuters) – Asian share markets got the week off to a muted start on Monday as jaded investors awaited real evidence on progress in the U.S.-China trade dispute, though sentiment found support from another record close on Wall Street. Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August Read More

Asia shares in waiting mode ahead of Fed, ECB events

1 day ago NAMEX Comments Off on Asia shares in waiting mode ahead of Fed, ECB events
SYDNEY (Reuters) – Asian share markets got the week off to a muted start on Monday as jaded investors awaited real evidence on progress in the U.S.-China trade dispute, though sentiment found support from another record close on Wall Street. Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August Read More

With inflation low, Fed can boost job market: Daly

2 days ago NAMEX Comments Off on With inflation low, Fed can boost job market: Daly
BERKELEY, Calif. (Reuters) – Sluggish inflation gives the Federal Reserve the leeway to keep borrowing costs low and help draw more workers into the labor market, San Francisco Federal Reserve Bank President Mary Daly said on Saturday. FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, Read More

Fed’s Daly says low inflation presents opportunity

2 days ago NAMEX Comments Off on Fed’s Daly says low inflation presents opportunity
FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir. BERKELEY, Calif. (Reuters) – Sluggish U.S. inflation means the Federal Reserve can keep borrowing costs where they are without much cost and with a lot of potential benefit for workers, Read More

Trade deal hopes, surging health stocks power Wall Street to highs

3 days ago NAMEX Comments Off on Trade deal hopes, surging health stocks power Wall Street to highs
(Reuters) – Wall Street’s main stock indexes closed at record levels on Friday, fueled by fresh optimism over a potential calming of U.S.-China trade tensions and by big gains in shares of healthcare companies. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 13, 2019. Read More