CNBC's Steve Liesman, and Lee Munson, Portfolio Asset Management CIO, discuss how the Fed has impacted asset prices and if exiting QE will freak the stock market.» Read More
*Gold steady after five-day losing streak. *Coming up: Fed Chair Yellen speaks at Jackson Hole at 1400 GMT.
The elephant in the room at Jackson Hole is "shrinkflation" - or the size of things getting smaller - says Philippa Malmgren, founder of DRPM Group. She argues it is leading to consumers paying more per ounce, as is masks inflation.
There is a small chance that Janet Yellen will "sound and not act" more hawkish as she acknowledges that the U.S. economy is doing better and jobs figures reflect that, says managing director of BK Asset Management, Boris Schlossberg
*Libya loads second cargo at largest port Es Sider. LONDON, Aug 22- Brent crude oil futures drifted lower on Friday, further below $103 a barrel, as a strong dollar and plentiful supplies continued to pressure prices. "We've reached a stage where the market is looking to stabilise a bit," said Ole Hansen, senior commodity strategist at Saxo Bank.
*Investors await Yellen's speech in Jackson Hole. Emerging market stocks were also stronger but investors were beginning to move to the sidelines ahead of speeches by Fed Chair Janet Yellen and ECB President Mario Draghi at the annual gathering of central bankers in Jackson Hole, Wyoming.
*ECB's Draghi also due to speak at Jackson Hole gathering. LONDON, Aug 22- The dollar hovered below its 2014 peak against a basket of major currencies on Friday, as investors cautiously trimmed favorable bets and booked profits ahead of a speech by U.S.
PARIS, Aug 22- European shares were flat in early trading on Friday, taking a breather following a brisk two-week rally, with investors turning cautious ahead of a speech by U.S. Federal Reserve Chair Janet Yellen. Yellen is due to speak later in the day at the annual gathering of central bankers in Jackson Hole, Wyoming.
WASHINGTON— Two days after the Federal Reserve revealed an intensifying internal debate over interest rates, Chair Janet Yellen will address the annual Fed conference in Jackson Hole, Wyoming, with investors seeking any clear hints of when it will start raising rates.
TOKYO, Aug 22- Japan's Nikkei share average snapped a nine-day winning streak on Friday, as investors booked profits from recent gains although upbeat U.S. economic data limited the losses. The Nikkei reversed earlier rises to end 0.3 percent lower at 15,539.19.
*Libya loads 2nd cargo at largest port Es Sider. SINGAPORE, Aug 22- Brent was trading below $103 a barrel on Friday, heading for a second weekly loss as easing geopolitical risks and higher global oil supply pressured prices. The Organization of the Petroleum Exporting Countries pumped more oil in July despite conflicts in the Middle East and Africa.
NEW YORK— The stock market paused Friday, following four days of gains, after a speech by Federal Reserve Chair Janet Yellen left investors unsure about how the nation's most important financial voice feels about raising interest rates in the coming months.
HONG KONG, Aug 22- China's yuan is set to post its biggest weekly loss in two months on Friday thanks to a resurgent dollar and cooling expectations about the economy's outlook after recent data. Growth in China's vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed on Thursday.
*Gold steady after five-day losing streak. SINGAPORE, Aug 22- Gold held near a two-month low on Friday and was headed for its worst week in five, hurt by strong U.S. economic data and fears that the Federal Reserve could hike interest rates sooner than expected.
*ECB's Draghi also due to speak at Jackson Hole. SINGAPORE/ SYDNEY, Aug 22- The dollar hovered just below its 2014 peak against a basket of major currencies on Friday, with bulls turning cautious ahead of a speech by Federal Reserve Chair Janet Yellen.
*Shinsei rises on report it plans to bid for Citi's Japan retail banking business. TOKYO, Aug 22- Japan's Nikkei share average rose for the 10th consecutive session on Friday morning thanks to a record close on Wall Street after upbeat U.S. economic data.
TOKYO, Aug 22- Japanese government bonds rose on Friday as overnight U.S. In particular focus was a speech by Federal Reserve Chair Janet Yellen at Jackson Hole later in the session, which will be studied for any fresh signals about the timing of U.S. monetary policy measures.
SINGAPORE, Aug 22- Gold held near a two-month low on Friday and was headed for its sharpest weekly drop in nearly three months, hurt by strong U.S. economic data and fears that the Federal Reserve could hike interest rates sooner than expected.
*U.S. crude futures for October delivery fell 6 cents to trade at $93.90 a barrel as of 0004 GMT. *An Iraqi Kurdish crude oil tanker has reappeared off the coast of Israel having offloaded its cargo, ship tracking data on Reuters showed, in the latest sign the autonomous region is finding buyers for its oil in defiance of Baghdad.
SYDNEY, Aug 22- London copper held steady on Friday but was eyeing its biggest weekly gain since early July on brightening prospects over global growth, but caution over China's stuttering property markets kept traders cautious and capped gains.
TOKYO, Aug 22- Asian shares rose in early trading on Friday, after upbeat U.S. data sparked another record close on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trading, on track for a weekly gain of 0.4 percent.