CNBC contributors Ron Insana and Larry Kudlow react to Fed Chair Janet Yellen's comments on Wednesday about inflation and the economy.» Read More
*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.
LONDON, April 7- Gold inched lower on Monday, easing below $1,300 an ounce, as investors cashed in gains following its biggest one-day jump in three weeks, after a soft monthly jobs report last week allayed worries about an early rise in U.S. interest rates. Gold futures for April delivery lost 0.3 percent to $1,299.60 an ounce.
LONDON, April 7- Gold inched lower on Monday, steadying around $1,300 an ounce following its biggest one-day jump in three weeks, as investor worries about an early U.S. interest rate hike eased after a monthly jobs report failed to meet market expectations. Gold had endured heavy selling ahead of the data, hitting a seven-week low of $1,277.29 on Tuesday.
LONDON, April 7- World stocks slipped from last week's six-year high on Monday on concerns about technology shares, while speculation the European Central Bank will ease policy further pushed down European bond yields.
*Gold steady after 1.2 pct gain on Friday. *Physical markets quiet; China closed for holiday. SINGAPORE, April 7- Gold held onto gains on Monday following its biggest one-day jump in over three weeks as investor worries about an early U.S. interest rate hike eased when the nonfarm payrolls report failed to meet market expectations.
The International Monetary Fund has already called on Europe to do more ahead of the IMF April 11-13 Spring gathering, alongside which G20 finance ministers and central bankers will meet.
NEW YORK, April 4- U.S. Employers added 192,000 new jobs last month, after adding 197,000 jobs in February, the Labor Department said. "The markets were disappointed," said Dimitri Delis, a fixed-income strategist at BMO Capital Markets in Chicago.