Art Cashin, director of floor operations at UBS Financial Services, explains that the $2 trillion of excess reserves held by the banking system is why big investors aren't seeing the inflation they expected.
Nicholas Colas, ConvergEx Group, and Scott Wren, Wells Fargo Advisors, provide perspective on today's market activity in stocks and bonds.
China stocks outperformed Asian equity markets on Monday on economic optimism while sentiment in other Asian shares rose after weak U.S. data soothed fears that the Federal Reserve would reduce its stimulus program anytime soon.
The dollar fell against a basket of currencies on Friday, falling from a three-week peak against the yen, as a steep drop in U.S. new-home sales raised doubts that the Federal Reserve will actually reduce its asset-buying next month.
U.S. Treasurys yields fell from two-year highs on Friday after weak housing data raised concerns that rising mortgage rates may weigh on the economic recovery.
Gold rose 1.9 percent on Friday, nearing $1,400 an ounce, as a big drop in US new home sales renewed hopes that the Fed will maintain its bond-buying economic stimulus.
Oil prices rose on Friday following news of a major unit shutdown at an eastern Canadian refinery.
European shares closed higher on Friday, as growth data from the U.K. pushed the FTSE 100 higher.
U.S. stock index futures signaled a flat to higher open on Friday a day after trading in Nasdaq securities was halted for more than three hours.
Asian stocks closed mostly higher on Friday, tracking gains in global equity markets as upbeat manufacturing data offset fears about a reduction in U.S. monetary stimulus but Chinese shares bucked the trend ahead of earnings results next week.
The dollar rose for a second straight session on Thursday, tracking gains in U.S. Treasury yields, as the Federal Reserve's minutes of its July meeting cemented market expectations for tapering in September.
The Treasury Department announced Thursday that it would sell $34 billion in two-year notes in August, a $1 billion reduction from July.
Crude oil prices rose on Thursday, as data from the United States, China and the euro zone boosted hopes that energy demand would improve.
Gold rose on Thursday as bullish Chinese manufacturing data boosted the nation's inflation-hedge appeal.
European shares closed higher on Thursday, rebounding after several days of losses, as upbeat data from Europe and China offset negative sentiment in global markets on Fed "tapering" fears
U.S. stock index futures signaled a slightly higher open on Thursday, as traders digested the latest weekly jobless claims data and some upbeat manufacturing data out of China and the euro zone.
Asian stocks tracked declines in global equity markets on Thursday on fears over a looming withdrawal of U.S. stimulus but a better-than-expected manufacturing report in the mainland helped pare earlier losses.
The dollar gained across the board on Wednesday after minutes of the Federal Reserve's meeting in July suggested that the U.S. central bank was still on track to taper its asset-buying program next month.
U.S. Treasurys yields jumped on Wednesday after the Federal Reserve released minutes of its July meeting, which offered few new clues on when the central bank is likely to pare back its bond purchase program.
Global oil prices slipped on Wednesday, with losses in U.S. crude widening the trans-Atlantic spread for a second day, amid signs that Libyan exports might resume and indications that oil was flowing into the depleted Cushing storage hub.
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