Martin Lakos, Division Director at Macquarie Private Wealth, explains why the Fed is likely to continue tapering at current pace, despite better-than-expected nonfarm payrolls for the month of February.» Read More
*S&P 500 has been unable to close at a record this week. NEW YORK, Feb 26- U.S. stock index futures pointed to a slightly higher open on Wall Street Wednesday, indicating the S&P 500 would again make a run at record levels that have been serving as resistance.
LONDON, Feb 26- The Australian dollar fell on Wednesday as a continuing slide in the Chinese yuan highlighted concerns about a slowdown in Australia's top export market, while the U.S. dollar edged higher ahead of testimony by Federal Reserve Chair Janet Yellen.
Russ Koesterich, BlackRock, provides his outlook on market volatility, emerging market uncertainty and what happens to U.S. interest rates.
WOOSTER, United States- Federal Reserve Bank of Cleveland President Sandra Pianalto gives lecture, "Reflections on 35 Years with the Federal Reserve System" at the James R. Wilson Lecture Series hosted by the College of Wooster- 0030 GMT. SAITAMA, Japan- Bank of Japan board member Koji Ishida speaks to business leaders in Saitama- 0130 GMT.
LONDON, Feb 26- Gold prices rose above $1,340 on Wednesday, holding onto four-month highs on uncertainty over China's economic policy moves and with weaker data raising questions about the strength of the U.S. recovery.
LONDON, Feb 26- Gold prices rose above $1,340 on Wednesday, holding onto four month highs on uncertainty over China's economic policy moves and with weaker data raising questions about the strength of the U.S. recovery.
LONDON, Feb 26- The Swedish crown fell against the euro on Wednesday after Riksbank policymakers said lower interest rates could be needed, while the dollar edged higher ahead of testimony by Federal Reserve Chair Janet Yellen on Thursday.
*Asia left rudderless after flat finish on Wall St, mixed US data. SYDNEY, Feb 26- Asian share markets struggled to scrape together some gains on Wednesday following a flat finish on Wall Street and as concerns over opaque policy moves in China kept investors on edge amid a drought of major economic data.
*Home Depot and Macy's rally after results. NEW YORK, Feb 25- U.S. stocks edged lower on Tuesday, easing back from record territory a day earlier as weak economic data offset gains in Home Depot and other retail shares.
*Home Depot and Macy's rally after results. NEW YORK, Feb 25- U.S. stocks were nearly flat on Tuesday as a rise in retail shares following strong results from companies including Home Depot was offset by weaker-than-expected consumer confidence data. Home Depot shares rose 2.8 percent to $80.09, giving the S&P 500 its biggest boost.
*Gold up as S&P inches up after intraday record high Monday. NEW YORK/ LONDON, Feb 25- Gold rose to a four-month high on Tuesday, extending its winning streak to a fourth consecutive session, after disappointing U.S. consumer confidence and a lackluster gain in home prices fueled concerns over the pace of U.S. economic recovery.
Art Cashin of UBS Financial Services looks ahead to what could be a market-moving event later this week.
*Home Depot and Macy's rally after results. NEW YORK, Feb 25- U.S. stocks rose on Tuesday, with the S&P 500 moving within points of record levels, as a pair of retail stocks rallied following strong results.
LONDON, Feb 25- Gold climbed to its highest in four months on Tuesday after disappointing U.S. consumer confidence data augmented concerns over the pace of U.S. economic recovery.
*Home Depot and Macy's rally after results. Both Home Depot Inc and Macy's Inc rallied following their results, but the strength in retail stocks was not enough for traders to continue pushing shares higher.
The Fed keeps telling us the economy is getting better. But has it seen the reports lately? HAS IT?, asks NYSE floor trader Kenny Polcari.
*Home Depot shares gain in premarket after results. NEW YORK, Feb 25- U.S. stock index futures edged lower on Tuesday, with investors finding few reasons to buy following a rally that took the S&P 500 to an all-time intraday high.
Ed Keon, Quantitative Management Associates, and Michael Tyler, Eastern Bank Wealth Management, discuss whether stocks are too expensive at these levels, and reveal where they are finding the best valuations.
LONDON, Feb 25- Gold edged down on Tuesday, consolidating below its strongest level in four months as investors awaited data due later in the session for clues on the pace of the U.S. economic recovery. Spot gold was down 0.3 percent to $1,332.51 an ounce by 1049 GMT, having gained more than one percent to its highest since Oct. 31 at $1,338.60 on Monday.
Market participants in Asia remained focused on China, where a recent spate of soft data has raised concerns about the outlook for growth, in addition to lingering fears about the impact of the government's efforts to cool the property market.