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US Federal Reserve

Stanley Fischer Pleas For More Fiscal Policy Stimulus

After the victory of the Republican Donald Trump last week, the Vice Chairman of the Federal Reserve Stanley Fischer reiterated on Friday his request for the actual implementation of Trump’s promise during campaign that he will provide an additional fiscal policy stimulus to the US economy.

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President Obama Speaks On The Economy In Brady Press Briefing Room

US labour market gains propelled by robust consumer spending

US labour market is gaining grounds helped by robust consumer spending, despite poor profits among corporate giants. The country added more than 200,000 jobs per month, with an average recruitment totalling to 213,000 new jobs a month in the past four years.

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Images Of Gold Sales In Zaveri Bazaar As Gold Demand Set To Fall

Gold below $1,250/oz on profit booking

Profit booking pulled yellow metal on Monday below psychological mark-$1,250 an ounce. Gold price fell for four weeks in the past five weeks.

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Senate Banking Committee Hearing with Janet Yellen

US Fed may leave interest rate unchanged for now

A two-day policy meeting of US Federal Reserve will conclude on Wednesday. US Fed Chair Janet Yellen is expected to keep short-term interest rate unchanged for now and may go for a hike in June.

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The New York Times 2015 DealBook Conference

Asset Manager BlackRock modernizes trading strategies

Investment firm BlackRock has modernized its trading policies with the help of twenty tech skilled members' team. The company is shifting to electronic trading to overcome market challenges.

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Federal Reserve Chair Janet Yellen Semiannual Monetary Policy Report To The Senate Banking Committee

US Fed sees economic activity slowdown in some districts

According to a latest 'Beige Book' from US Federal Reserve, economic activity in some districts has been slowing down, while some recorded modest growth in labor market. The latest financial market crash also hit consumer spending severely in some areas.

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Stocks Dive On Dropping Energy Prices

Wall Street monitors USD, while oil price drops

Investors are concerned as the US stock index futures turned weaker. The marginal recovery in oil price amid drop in the US dollar puts the Wall Street on cautious note. On the other hand, Asian and European stocks were trading marginally higher on oil price recovery and drop in US dollar.

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Declining Stock Market In The Year Of Goat

Asian Markets Shows Remarkable Rise as Crude Oil Prices Increased

The rise of oil prices had brought positive growth to most of the Asian markets, except for Japan. On the other hand, European market had seen a drop. The oil prices increased overnight due to speculations that U.S Federal Reserve would possibly decide not to increase interest rates throughout 2016.

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Stock Market

Asian stocks rise on Wall Street gains

The overnight gains on the Wall Street have boosted the market sentiment on Asian bourses ahead of the US Federal Reserve's meeting. The trading on Wednesday registered positive momentum in equities across the Asian markets.

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U.S. Dollar and Yuan Notes

Wealthy Chinese men are getting rid of their yuan despite IMF's endorsement

Despite the International Monetary Fund recent inclusion of the yuan or Renminbi in their basket, rich Chinese men are selling their money for other currencies, because they know that China's economy continues to slow down.

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New York City

US consumer credit growth below forecast in October

Americans turned cautious in spending before the beginning of holiday season. The latest consumer spending data for October 2015 shows the slowdown in consumer credit growth. The consumer credit growth was less than forecast for the month.

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Industrial and Commercial Bank of China

A long-stretched financial winter looms over Hong Kong

Hong Kong's international financial hub is reeling under pressure as the world's largest and second largest economies are impacting it more in a negative way.

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Traders

Stockpiles help US growth beat forecast in Q3

The world's largest economy registered an encouraging growth in gross domestic product (GDP) in the third quarter of 2015. The GDP growth rate surpassed previous forecasts as businesses expanded inventories indicating the economy on the right track.

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Carl Icahn (R)

Carl Icahn will spend $150 million to lobby the congress

The billionaire and activist investor, Carl Icahn announced that he is trying to lobby the congress to pass a new tax reform law that will not allow any US corporation from running business overseas just to avoid taxes. According to Icahn, he is planning to put forward $150 million into the new law known as super-PAC.

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Trader

South Korea's bonds volatile amid uncertainty over rates

Korean bond market has been volatile dancing to the tunes of varied hopes on interest rate changes. South Korea's sovereign bonds shed early gains as forecasts that Bank of Korea (BoK) may not reduce the interest rate from the record low of 1.5 percent.

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