TORONTO, Sept 22- Interest rates may have to be about one-and-a-half percentage points lower than they have been historically in order for the Canadian economy to operate at full capacity, the Bank of Canada said on Monday.» Read More
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.
Alex Young, OppenheimerFunds, and Jeremy Hill, Old Blackheath Companies, weigh in on what's likely to drive the markets and the outlook on the U.S. economy.
LONDON, Sept 22- Sterling rose on Monday, inching back towards recent two-year highs against the euro and moving higher against the dollar as investors focused on Britain's economic fundamentals and interest rate expectations after Scotland's independence vote.
SINGAPORE, Sept 22- London copper futures slipped for a third session on Monday as the dollar firmed on the likelihood of a U.S. interest rate hike and investors fretted over China's slowing economic growth. This week's focus will be on China's flash manufacturing PMI reading on Tuesday, as fears over the outlook for country's economy mount.
SINGAPORE, Sept 22- Gold was stuck near its lowest since January on Monday on fears that a stronger dollar and an earlier-than-expected hike in U.S. interest rates would dim the metal's appeal. Silver was trading close to a four-year low, while platinum fell to its lowest since December.
Khoon Goh, Senior FX Strategist at ANZ, says the U.S. dollar will strengthen further in the week ahead. He expects the Fed to start raising interest rates in March 2015.
*Scotland to stay in UK but pound falls on profit-taking. NEW YORK, Sept 19- The dollar gained against a basket of major currencies on Friday, posting its 10th consecutive week of gains, as investors bet U.S. interest rates would rise more quickly than had been expected.
CNBC's Tyler Mathisen looks back at the week's top business and financial stories, including Alibaba's historic IPO, and the extent of Home Depot's credit breach.
*Gold heads for weekly drop of nearly 1 pct. NEW YORK/ LONDON, Sept 19- Gold fell on Friday to its lowest price since January, and silver slumped to a four-year low as the dollar soared to its highest against the euro in four years on bets that U.S. interest rates will rise sooner than expected.
*Scotland to stay in UK, but pound down on profit-taking. NEW YORK, Sept 19- The dollar rose against a basket of major currencies on Friday, on track for its 10th consecutive week of gains, as investors bet U.S. interest rates would rise more quickly than expected.
OTTAWA, Sept 19- Canada's annual inflation rate remained above the Bank of Canada's 2.0 percent target in August for the fourth month in a row, putting pressure on the central bank to drop its neutral stance on interest rates.
*Copper eyes flat week after 3 weeks of falls. LONDON, Sept 19- Copper prices inched lower on Friday and were on track to end the week flat, weighed by a strong dollar as a drop in U.S. jobless claims reinforced the view that the Federal Reserve could raise interest rates sooner than had been expected.
*Copper to target $6,800 again soon- Triland. *Next week's flash HSBC PMI for China in focus. MELBOURNE, Sept 19- London copper prices were on track to extend their losing streak to a fourth straight week on Friday, hurt by concerns over slowing economic growth in top consumer China and a looming increase in U.S. interest rates.
*Dollar at six-year high vs yen. CAIRNS, Australia, Sept 19- Bank of Japan Governor Haruhiko Kuroda said on Friday he saw no problem with recent currency moves as the dollar scaled a six-year high versus the yen due to growing expectations for higher interest rates in the United States.
Robert Zoellick, Former President of the World Bank, examines the factors behind the growth slowdown in Europe, China and Japan.
Speaking to CNBC ahead of the 3rd annual Singapore Summit, Gary Cohn, President & COO at Goldman Sachs, discusses the Fed's latest policy statement and describes China's potential.
NEW YORK— The U.S. stock market closed at record highs on Thursday following another piece of good news on the economy. Fewer Americans filed first-time claims for unemployment benefits last week, according to the Labor Department. That came a day after the Federal Reserve on Wednesday made clear it would keep interest rates near zero for a while.
NEW YORK/ LONDON, Sept 18- Gold rebounded on Thursday, as investors bought back their bearish bets after speculation over an earlier-than-expected U.S. interest rate hike by the Federal Reserve sent bullion prices to a 8-1/ 2- month low.
Citi argued it faces "a serious and imminent hazard" if it cannot process another interest payment by Argentina on $8.4 billion in bonds the country issued.
NEW YORK, Sept 18- U.S. stocks ended higher on Thursday, pushing both the Dow and S&P 500 to record closing highs, a day after the U.S. Federal Reserve kept intact its pledge to keep interest rates low.