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  • *Yen at 15- month high despite Japan's verbal intervention. TOKYO, Feb 12- Asian shares slid on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets. Shares in Australia and South Korea fell about 0.5 percent...

  • LIMA, Feb 11- Peru's central bank raised the benchmark interest rate for the third straight month on Thursday and warned that rising inflation expectations threatened to trigger a feed-back loop of quickening price hikes. A majority of analysts polled by Reuters had forecast an increase of the key rate by 25 basis points to 4.25 percent after the annual...

  • NEW YORK, Feb 11- Bank shares dragged Wall Street lower on Thursday on concerns the slowing global economy will continue to pressure interest rates, while energy shares helped pare losses late in the session. Volume was high as the S&P 500 touched its lowest in two years at its session low but shaved half its loss by the close after the Wall Street Journal reported...

  • What catalyst can take US higher Thursday, 11 Feb 2016 | 1:02 PM ET
    What catalyst can take US higher

    Jim Paulsen, Wells Capital Management, discusses negative investor sentiment, saying he thinks good economic data will take the markets higher and calm recession fears.

  • *China holiday subdues volumes, creates volatility. LONDON, Feb 11- Copper rose on Thursday as the dollar slipped, but fears for global growth sparked by worries about a potential financial crisis and uncertainty about demand in China curbed gains. "But there are a lot of uncertainties, from what's happening in China to the fact that everybody thinks the Fed made a...

  • WASHINGTON— Federal Reserve Chair Janet Yellen cautioned Thursday that global economic pressures pose risks to the U.S. economy but said it's too soon to know whether those risks are severe enough to alter the Fed's interest-rate policies. But she said the Fed thought it should study the issue again now that other central banks, including in Europe and Japan,...

  • LONDON, Feb 11- Gold climbed to its highest in almost nine months on Thursday as the dollar, U.S. The Fed is unlikely to reverse its plan to increase rates further this year, but tighter credit markets, volatile financial markets and uncertainty over Chinese economic growth will only allow gradual adjustments to monetary policy, Federal Reserve Chair Janet...

  • SINGAPORE, Feb 11- Gold climbed more than 1 percent to its highest in 8-1/ 2 months on Thursday after Federal Reserve Chair Janet Yellen stressed that U.S. interest rates would rise gradually. Spot gold jumped to $1,213 an ounce, its highest since May 22, before paring gains to trade up 0.9 percent at $1,208.27 by 0059 GMT. DATA AHEAD 1330 U.S. Weekly jobless claims 1500...

  • Feb 10- The S&P 500 ended flat on Wednesday, losing gains late in the session as investors digested comments by Federal Reserve Chair Janet Yellen, who kept options open for more rate hikes but also saw risks to the U.S. economy. The market had traded higher for much of the session after Yellen told Congress she does not expect the central bank to reverse the rate hike...

  • Feb 10- The S&P 500 ended flat on Wednesday, losing gains late in the session as investors digested comments by Federal Reserve Chair Janet Yellen, who kept options open for more rate hikes but also saw risks to the U.S. economy. The market had traded higher for much of the session after Yellen told Congress she does not expect the central bank to reverse the rate hike...

  • Why oil goes lower first: McNally Wednesday, 10 Feb 2016 | 2:06 PM ET
    Why oil goes lower first: McNally

    Bob McNally, The Rapidan Group founder, thinks oil prices go even lower in the short-term, saying we have a "bust first, before a boom."

  • NRF forecasts retail sales to grow 3.1 pct in 2016 Wednesday, 10 Feb 2016 | 12:34 PM ET

    Feb 10- The National Retail Federation said it expects U.S. retail industry sales to increase 3.1 percent in 2016, helped by employment growth and "steady" consumer confidence. "Wage stagnation is easing, jobs are being created and consumer confidence remains steady," NRF Chief Executive Matthew Shay said in a report. "Lower gas prices are creating more...

  • NRF forecasts retail sales growth of 3.1 percent in 2016 Wednesday, 10 Feb 2016 | 11:34 AM ET

    NEW YORK— The National Retail Federation is forecasting retail spending growth of 3.1 percent in 2016, a slowdown from the group's annual estimate a year ago. With wage stagnation and unemployment easing, NRF CEO Matthew Shay said "there are a lot of positives in the economy." And NRF Chief Economist Jack Kleinhenz also noted that people are spending more on...

  • *China markets closed for New Year break; to reopen Monday. LONDON, Feb 10- Copper hit a two-week low on Wednesday on persistent worries over global growth, and as traders awaited testimony from Federal Reserve Chair Janet Yellen for clues on the outlook for the dollar. "I expect Yellen to sound a bit more dovish but to keep the door open for rate hikes, which means are...

  • WASHINGTON— Federal Reserve Chair Janet Yellen cautioned Wednesday that global weakness and falling financial markets could depress the U.S. economy's growth and slow the pace of Fed interest rate hikes. She did concede, though, that negative rates, which central banks in Japan and Europe have recently imposed, are a tool the Fed has at least studied.

  • TOKYO, Feb 10- Japan's Nikkei share average closed at its lowest level since October 2014 on Wednesday as worries about the health of global banks and economic growth intensified. After a tumultuous start to the week, markets looked to Federal Reserve Chair Janet Yellen's congressional testimony later in the session for fresh cues on the policy outlook, which...

  • Recession risk higher, still relatively low: Hatzius Tuesday, 9 Feb 2016 | 3:43 PM ET
    U.S. Federal Reserve chairwoman Janet Yellen.

    Federal Reserve Chair Janet Yellen will testify on Capitol Hill on Wednesday. Jan Hatzius, Goldman Sachs chief economist, shares his rate forecast, and confidence in the U.S. economy.

  • Pros & cons of raising rates for banks Tuesday, 9 Feb 2016 | 1:17 PM ET
    Pros & cons of raising rates for banks

    Looking ahead to Federal Reserve Chair Janet Yellen's testimony on Capitol Hill Wednesday, with Drew Matus, UBS Chief U.S. Economist, and CNBC's Steve Liesman.

  • The differences are modest but show White House economists are being slower to downgrade their view of America's growth potential. While the Fed and the CBO have been cutting their views on long-term growth in recent years, the White House has held steady in each budget submitted since early 2013.. Prominent academics including former Treasury Secretary...

  • U.S. small business confidence at two-year low Tuesday, 9 Feb 2016 | 6:00 AM ET

    WASHINGTON, Feb 9- U.S. small business confidence fell in January to its lowest level in nearly two years amid worries about the near-term outlook for business conditions and sales growth, consistent with a recent slowdown in economic growth. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index fell 1.3 points to...