TOKYO, May 27- Japan's Nikkei share average was marginally higher on Wednesday morning, extending its gains into a ninth day, but gains were limited as U.S. shares languished after upbeat U.S. data fed fears that a rate hike may come earlier than expected. The buoyant data follows Federal Reserve Chair Janet Yellen saying on Friday that the central bank could raise...» Read More
LONDON— A British prosecutor says a former Citibank and UBS trader motivated by greed served as the ringmaster of the alleged manipulation of a key interest rate, the London Interbank Lending Rate, or Libor. The charges against trader Tom Hayes, who specialized in products pegged to yen-denominated Libor, relate to the period from August 2006 to September 2010.
CNBC's Rick Santelli discusses the durable goods data for April, with CNBC's Steve Liesman.
May 26- U.S. stock index futures were lower on Tuesday ahead of a raft of data and after Federal Reserve Chair Janet Yellen indicated that the central bank could raise interest rates this year. *New home sales data at 10:00 a.m. ET is expected to show sales increased to an adjusted annual rate of 510,000 units in April from 481,000 units in March.
Discussing the expected raising of interest rates, with David Bianco, Deutsche Bank, and David Rosenberg, Gluskin Sheff.
Ben Lichtenstein, president of TradersAudio.com, explains why it would be a good sign for the U.S. economy, if the Federal Reserve does raise rates this summer.
Tim Hayes, chief investment strategist at Ned Davis Research Group, talks about the U.S. Federal Reserve's recent comments and when it could hike interest rates.
LONDON, May 26- Sterling rose to a 2-1/ 2 month high against a struggling euro on Tuesday, with the single currency weighed down by Greece's debt problems and interest rate differentials moving in favour of the British pound. The euro has been hit in recent days by a senior European Central Bank official flagging the possibility of aggressive bond buying and...
*Euro stuck below $1.1000, Greek concerns persist. SYDNEY/ TOKYO, May 26- The dollar scaled a one-month high against a basket of major currencies on Tuesday, having remained bid after comments from Federal Reserve Chair Janet Yellen reinforced a tightening bias on interest rates. Yellen made it clear that the Fed will hike rates and under such conditions the...
To attract foreign inflows, India's economic growth will need to pick up and the government must meet expectations on reforms, says Andrew Holland, CEO of Ambit Investment Advisors.
*Gold steady just above $1,200/ oz. *Prices could break below $1,200 soon- technicals. SINGAPORE, May 26- Gold was stuck in a tight trading range above $1,200 an ounce on Tuesday, as the dollar jumped to a fresh one-month peak against a basket of major currencies on the prospect of higher U.S. interest rates this year.
The lackluster impact from recent economic stimulus suggests that China's "structural problems are getting more intense," says Richard Jerram, chief economist at Bank of Singapore.
Sue Trinh, senior currency strategist at RBC Capital Markets, says Fed chair Janet Yellen's comments last week gave the dollar a boost and bolstered the case for a September rate hike.
SINGAPORE, May 26- Gold was stuck in a tight trading range above $1,200 an ounce on Tuesday, as the dollar firmed near a one-month peak against a basket of major currencies on prospects of higher U.S. interest rates this year. *Spot gold was steady at $1,206 an ounce by 0037 GMT. *The greenback was also boosted by weakness in the euro, which was pressured on worries Greece...
Mark Tinker, head of AXA Framlington Asia, says policymakers are telling markets to move beyond interest rates and start focusing on improving productivity around the world.
LONDON, May 25- The dollar hit a one-month high against a basket of major currencies on Monday after stronger-than-expected underlying U.S. inflation bolstered the Federal Reserve's case for an interest rate hike later this year. Amid low volumes, with most of Europe as well as the United States shut for a holiday, the dollar index, which measures the greenback...
Boris Schlossberg, managing director at BK Asset Management, says that there needs to be a couple more months of better U.S. economic data, before the Federal Reserve normalizes rates.
*US, UK markets shut on Monday. LONDON, May 25- Gold edged lower on Monday as the dollar strengthened to a one-month high on signs the Federal Reserve is readying to raise interest rates for the first time in six years in 2015.. Spot gold was down 0.1 percent at $1,204.46 an ounce by 0847 GMT, just above a near-two-week low of $1,201.20 hit in the previous session.
LONDON, May 25- The dollar was firm near a two-month high against the yen on Monday and held gains against the euro after stronger-than-expected underlying U.S. inflation supported the Federal Reserve's case for an interest rate hike later this year. Fed Chair Janet Yellen's comments that the central bank was poised to raise rates in 2015 also shored up...
David Kuo, CEO of The Motley Fool, says that investors looking to make a "quick buck" from bonds could get "creamed" when interest rates rise in the U.S.
Eric Robertsen, head of Global Macro Strategy at Standard Chartered, believes that the U.S. economy will bounce back later this year and explains what that means for the timeline regarding rate hikes.