Rick Rieder, BlackRock Fixed Income CIO, and Ellen Zentner, Morgan Stanley, discuss today's conflicting data from the GDP revisions and FOMC statement.» Read More
Discussing Fed Chair Janet Yellen's comments on overstretched valuations in some sectors, and just what could go wrong with the Fed's plan, with Michael Novogratz, Fortress Investment Group Principal.
*Investors see limited fallout from Espirito Santo problems. LONDON, July 16- Portuguese bond yields fell on Wednesday, with investors more optimistic that the country's largest listed bank can deal with the financial troubles faced by its founding family, although uncertainty remained high.
*Manufacturing output rises at 6.7 percent pace in Q2. WASHINGTON, July 16- U.S. manufacturing output rose at its fastest pace in more than two years in the second quarter, suggesting the economy was regaining enough momentum to lift growth throughout the year.
"My general assessment at this point is that threats to financial stability are at a moderate level and not a very high level," Yellen said.
*China data boosts stocks and oil outlook. NEW YORK, July 16- Stock markets around the world rose on Wednesday as strong China growth data and solid U.S. company earnings boosted sentiment and concerns eased over the strength of Portugal's largest listed lender.
*Gold steady after biggest 2- day loss since Oct, down 3.3 pct. LONDON, July 16- Gold steadied around 1,300 an ounce on Wednesday as investors found value after two days of losses, but was still trading near a four-week low on a stronger dollar and fears the Federal Reserve could raise U.S. interest rates sooner than expected.
CNBC's Rick Santelli discusses The Federal Funding Accountability and Transparency Act, and the relationship between the Treasury and the Federal Reserve.
Federal Reserve Chair Janet Yellen testifies in front of the House Financial Services Committee about the Fed's plan to reduce its balance sheet to historic levels.
Federal Reserve Chair Janet Yellen's testimony as prepared for delivery to the House of Representatives Financial Services Committee on Wednesday is a repeat of the remarks she delivered before the Senate Banking Committee a day earlier.
Treasury yields and market speculation Federal Reserve Chair Janet Yellen is leaning toward tightening monetary policy that has kept interest rates at record lows. "We have had some subtly hawkish messages from Janet Yellen," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.
CNBC's Steve Liesman discusses expectations for Fed Chair Janet Yellen's testimony before the House Financial Services Committee.
*Producer prices rise 0.4 percent in June. WASHINGTON, July 16- U.S. producer prices rose more than expected in June with gains across most categories, pointing to some inflation at the factory gate. The Labor Department said on Wednesday its producer price index for final demand increased 0.4 percent last month, reversing May's 0.2 percent decline.
LONDON, July 16- The Australian and New Zealand dollars fell on Wednesday as GDP data raised questions about the fragile economic recovery in China, a major destination for the two countries' exports.
*IPO process kicked off with initial Tokyo application. TOKYO/ SEOUL, July 16- Tokyo may struggle to get a piece of a listing that could value Japan's social messaging service Line Corp at up to $20 billion, with bankers saying New York is a more likely venue as a base for global expansion to build on explosive growth at home.
Mortgage rates are barely moving, but demand among mortgage-dependent home buyers is weakening, data show.
But Russian shares fell for the third straight session, with a 0.5 percent fall as investors worried that Russia may be hit by another wave of sanctions for its involvement in Ukraine when European Union leaders meet later in the day.
LONDON, July 16- Portuguese bond yields fell on Wednesday, with investors more optimistic that the country's largest listed bank can deal with the financial troubles faced by its founding family, although uncertainty remained high.
*China data lifts stocks, oil and metals outlook. LONDON, July 16- Stocks rose in Europe on Wednesday after China reported economic growth figures that were slightly stronger than markets had expected, although the reaction in Asia was more muted. The China data helped push Shanghai zinc and London aluminium close to their highest in more than a year.
LONDON, July 16- The Australian and New Zealand dollars fell on Wednesday as Chinese growth data raised some questions about how long the growth would last, with some investors cautious about a recovery without another burst of government stimulus.
TOKYO, July 16- Japan's Nikkei share average edged down on Wednesday after staying nearly flat for most of the session as investors took profits from gains the previous day, while China's economic data received a muted reaction from the market.