CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar/yen.» Read More
NEW YORK/ LONDON, April 9- Gold fell on Wednesday on gains in U.S. equities and fresh outflows from bullion-backed exchange-traded funds, while traders awaited further cues from the minutes of the U.S.
*China trade balance, GDP data in focus. *Copper surplus looms as mine supply ramps-up. LONDON, April 9- Nickel prices surged to their highest in over a year on Wednesday on persistent worries about shortages due to Indonesia's ban on ore exports but copper eased on concerns about economic growth in top metals consumer China.
As stocks drift quietly in to the 2 pm Fed minutes, some traders are already anticipating a hawkish tone and a negative market reaction.
*U.S. to sell $21 billion in 10- year note supply. *Fed to buy $900 million to $1.15 billion in long-dated bonds. NEW YORK, April 9- U.S.
CNBC's Rick Santelli takes a look at the spread between the 5-year and 10-year yield curve. And Santelli looks at the carry trade between the U.S. dollar and the Japanese yen.
NEW YORK— Once again, it was the Federal Reserve to the rescue for the stock market. Facebook rose the most in the S&P 500, jumping 7.3 percent, followed closely by biotech company Vertex Pharmaceuticals, up 7 percent.
*China trade balance, GDP data in focus. *Copper surplus looms as mine supply ramps-up. LONDON, April 9- Copper eased on Wednesday, slipping from a one-week high hit in the previous session, depressed by concern that an economic slowdown in top consumer China could hit demand for industrial metals.
Traders will be looking to see if the Fed minutes take on a more hawkish tone, particularly after the Fed chair rattled the markets with comments following the release of the prior minutes.
Steven Englander, global head of G10 foreign exchange strategy at Citi, says the Fed minutes might reveal a more hawkish side, as well as concerns over the supply side of the U.S. economy.
Rob Carnell, chief international economist at ING, says the Fed minutes would be "redundant" if the central bank was doing a "good job" and says investors will look for further details on interest rate guidance.
ROCHESTER, Minn./ PHILADELPHIA, April 8- The Federal Reserve needs to be more specific about what economic conditions would prompt it to raise interest rates from current rock-bottom levels, a pair of top Fed officials normally at loggerheads on policy said on Tuesday.
NEW YORK, April 8- The dollar and euro fell sharply against the yen on Tuesday as hopes for additional stimulus out of Japan faded, while bargain-hunting on Wall Street lifted stock prices after three days of losses.
ROCHESTER, Minn., April 8- The Federal Reserve should do more to boost both inflation and jobs, a top Fed official said on Tuesday, including possibly pushing its main interest rate even lower or cutting the rate it pays banks on excess reserves kept at the U.S. central bank.
The Fed is allowing the economy to waste rosources by letting inflation stay too low and unemployment too high, a top official says.
*Prices rise, Treasury sells $30 billion three-year notes. *Treasury to sell $21 billion 10- year notes Wednesday. NEW YORK, April 8- U.S.
The Federal Reserve, the Federal Deposit Insurance Corp. and the Treasury's Office of the Comptroller of the Currency voted separately to require those banks to raise their minimum ratio of capital to loans to 5 percent from the current 3 percent.
ROCHESTER, Minn., April 8- The Federal Reserve is allowing the American economy to waste "lots of resources" by letting inflation stay too low and unemployment stay too high, a top Fed official said on Tuesday, exhorting his fellow policymakers to do more.
WASHINGTON— U.S. employers posted more job openings in February, a sign that hiring will likely improve in the months ahead. The Labor Department said Tuesday that employers advertised 4.2 million job openings, up 7.7 percent from January.
Jason Pride, Glenmede Investment Management, and Nariman Behravesh, IHS chief economist, provide their perspective on the markets and economy. Behravesh sees a 3% economy by the end of the year.
NEW YORK, April 7- The dollar fell against major currencies on Monday after last week's slightly lower-than-expected U.S. payrolls data, while European Central Bank policymakers' comments curbed expectations for more stimulus and boosted the euro. U.S. employers added 192,000 jobs in March after adding 197,000 in February, the Labor Department said Friday.