CNBC's Rick Santelli reports the August Chicago PMI was a huge surprise.» Read More
Jens Nordvig, global head of foreign exchange strategy at Nomura, discusses the outlook for the U.S. dollar as the FOMC seems to be increasingly "split".
LONDON, Aug 21- European shares rose on Thursday, with Germany's DAX index climbing to a three-week high after a survey showed the country's private sector grew for the 16th month running in August.
Hewlett-Packard rose after delivering better results, while Sears plunged after reporting that its loss doubled from a year ago. Hewlett-Packard was the biggest gainer among the major indexes. The technology giant rose $1.88, or 5.4 percent, to $37.00 after reporting better-than-expected results and its first sales increase in nearly three years.
*Gold drops for a fifth straight session. SINGAPORE, Aug 21- Gold extended losses to a fifth session on Thursday, sliding 1 percent to its lowest in two months, after the U.S. dollar strengthened on indications from the Federal Reserve that it could raise interest rates sooner than expected. "Gold had already been under pressure from the dollar.
*China flash PMI hits 3- mth low, Aussie slips. SYDNEY/ TOKYO, Aug 21- The U.S. dollar traded at 11- month highs against a basket of major currencies early on Thursday, having been given a second wind after minutes of the Federal Reserve's July meeting sounded slightly hawkish.
*Dollar index races to fresh 11- month highs. *China flash PMI survey next in focus. SYDNEY, Aug 21- The U.S. dollar traded at 11- month highs against a basket of major currencies early on Thursday, having been given a second wind after minutes of the Federal Reserve's July meeting sounded slightly hawkish.
Markets are awaiting a more hawkish tone from the Fed, but maybe not from Yellen when she addresses the Jackson Hole symposium.
*Home Depot lifts the Dow; rival Lowe's rebounds. *Target bounces back; American Eagle rallies. NEW YORK, Aug 20- U.S. stocks ended mostly higher on Wednesday, with the S&P 500 just missing a record close, after minutes from the Federal Reserve's July meeting gave investors reason to believe that the central bank is in no rush to raise interest rates.
*Wall Street rebounds on Fed minutes, dollar rallies. NEW YORK, Aug 20- Global equity markets rose on Wednesday after minutes from the Federal Reserve indicated there is no rush to bring forward plans to raise interest rates in the future, reversing earlier declines that were driven by hints from the Bank of England of an early rate hike.
*Eyes on Jackson Hole summit starting Thursday. NEW YORK, Aug 20- The U.S. dollar hit fresh multi-month highs against a basket of major currencies on Wednesday after minutes from the Federal Reserve's July policy meeting signaled the potential for an earlier-than-expected hike in interest rates.
Allianz chief economic adviser Mohamed El-Erian, discusses the role of mergers and acquisitions in the keeping equity levels elevated.
Allianz chief economic adviser Mohamed El-Erian, says every indicator the Fed looks at has improved faster than they expected and the labor market has noticeably moved closer to what is viewed as normal.
*Fed minutes say surprised about quick progress in U.S. job market. NEW YORK, Aug 20- U.S. "The Fed came out with a hawkish tone in its minutes and people's perception is that the Fed will move soon on rates," said Tom di Galoma, head of fixed income rates and credit trading at ED&F Man in New York.
*Two Bank of England policymakers voted to raise rates. NEW YORK/ LONDON, Aug 20- Gold prices fell on Wednesday as the dollar rallied on economic optimism after the minutes of the Federal Reserve's latest meeting showed the U.S. central bank has seen progress in the U.S. labor market.
The latest Fed minutes suggest a rate increase sooner than later but there are a few factors to consider since the last Fed meeting, says Ron Insana.
Insight to the market's reaction to the Fed minutes, with John Canally, LPL Financial economist and vp.
Reacting to the Fed's minutes, and whether it's time to think about a rate hike in spring, with JPMorgan Chase International Chairman Jacob Frankel.
WASHINGTON— Some Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low interest rates.
CNBC's Steve Liesman reports the Fed minutes reveal insight into the debate at the Federal Reserve over the timing of raising interest rates.
The Fed's annual gathering will look at how much slack there is among the unemployed, part-timers and those who stopped looking for work.