John Lynch, Wells Fargo Private Bank, Ed Keon, Quantitative Management Associates, provide insight on how Fed policy will likely impact the markets. The Fed may mover earlier than consensus indicates, says Keon.» Read More
*Wal-Mart profit falls as severe winter deters shoppers. NEW YORK, May 15- Wall Street was set for a lower open on Thursday as weaker-than-expected earnings from Wal-Mart Stores Inc overshadowed a number of better-than-expected economic reports.
LONDON, May 15- European stocks edged higher on Thursday while the euro and debt yields fell as weak euro zone growth data intensified expectations that the European Central Bank will cut interest rates next month. European stocks rose 0.2 percent, having hit a six-year peak, while Germany's DAX set a new record high. The MSCI world equity index was steady.
*Wal-Mart profit falls as severe winter deters shoppers. *Wal-Mart Stores Inc reported a 5 percent fall in quarterly profit as severe winter weather hurt comparable sales in the United States. *The New York Fed's Empire State and Philadelphia Fed manufacturing surveys are due at 8:30 a.m. and 10:00 a.m. EDT, respectively.
LONDON, May 15- European stocks followed Asia higher on Thursday while the euro fell as investors bet central banks in developed markets would continue their monetary support, with the European Central Bank poised to cut interest rates next month.
We see the ECB trying to figure out a way to keep interest rates down, says CNBC's Rick Santelli discussing the latest action in bonds and the flattening yield curve. Also Santelli checks out the play between the euro and U.S. dollar.
CNBC Contributor Ron Insana, and Jeremy Siegel, Wharton School at The University of Pennsylvania, discuss how weakness in housing may change the Fed's game plan on unemployment and inflation.
In its secular outlook, Pimco said that the next three to five years suggest an end to bull markets as investors have known them.
CNBC's Rick Santelli takes a look at how April's retail sales numbers impacted the markets, and the latest action in the U.S. dollar.
RIYADH, Saudi Arabia- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on the economic outlook before the American Business Group of Riyadh- 0430 GMT.
The currency has strengthened nearly 4 percent in 2014, and more strategists have changed course and are jumping on the bullish bandwagon.
This year, the government has run $306 billion into the red. That deficit is 37 percent smaller than it was in the same period of fiscal 2013.
*Copper hits 2 month peak on China hopes, tight inventories. LONDON May 12- Nickel jumped 5 percent on Monday, bringing gains for the year to 50 percent, as the threat of tougher Western sanctions on the world's biggest producer Russia compounded concerns about Indonesia's ban on unprocessed ore exports.
Here are two things the Fed may do in response to weakness in the housing market, says Ron Insana.
CNBC's Rick Santelli discusses the latest action in 10-year yields and the U.S. dollar.
*Copper hits 2 month peak on China hopes, tight inventories. LONDON May 12- Nickel jumped nearly 5 percent on Monday, bringing gains for the year near 50 percent, on the threat of tougher western sanctions on top producer Russia that has compounded concerns about Indonesia's ban on unprocessed ore exports.
*Pro-Russian separatists claim victory in Ukraine vote. LONDON, May 12- Gold rose above $1,290 an ounce on Monday as simmering tensions in Ukraine and a weaker dollar lent support, but a lack of investment on the back of expectations for strengthening U.S. growth held gains in check.
*Markets focus on reaction to east Ukraine referendum. *Oil rises on Ukraine concerns. TOKYO, May 12- Shares made a cautious advance on Monday though gains were capped as investors braced for a possible escalation in Ukraine's civil conflicts after anti- Kiev rebels declared victory in a referendum on self-rule.
*Markets focus on world reaction to eastern Ukraine referendum. TOKYO, May 12- Asian shares began the week on a cautious note on Monday as investors braced for an esclation in East-West tensions after pro- Moscow rebels declared victory in a referendum on self-rule in eastern Ukraine.
Low inflation in the U.S., Europe and Japan is a concern, a top Fed official told CNBC, but added that current monetary policies were on target.
BRUSSELS, May 11- U.S. and euro zone data will help investors take the pulse of the global economy this week, but the crisis in Ukraine threatens to spoil any improvement.