CNBC's Tyler Mathisen looks back at the week's top business and financial stories. A shortened trading week, this week, as Easter is on Sunday. The week ended positive after Janet Yellen reassured investors. Low rates could be around another two years, she said.» Read More
April 11- JPMorgan Chase& Co reported a 19 percent decline in first-quarter profit as revenue from securities trading fell in a climate of uncertainty about the strength of the economic recovery and the Federal Reserve's intentions on interest rates.
Doug Lebda, LendingTree chairman & CEO, weighs in on the health of the housing recovery as mortgage rates trend higher. The good news for consumers is you can qualify with a lower credit score and lower down payment, says Lebda.
BEIJING— China's consumer inflation edged up in March as food prices rose despite signs the world's second-largest economy is slowing. Inflation still is well below the official target for the year of 3.5 percent, leaving Beijing room to stimulate the slowing economy with interest rate cuts or other measures if necessary.
SYDNEY, April 11- The dollar is on track for its biggest weekly fall in nine-months early on Friday, having given up all of its recent gains as markets become increasingly convinced that any interest rate hike by the Federal Reserve is still a long way off.
April 10- Since neither words, nor charts nor numbers seem capable of expressing when the Fed will raise interest rates, perhaps they need to adopt some new kind of symbol. What's the symbol for "The first day of never"? Didn't Prince already use that?
NEW YORK/ LONDON, April 10- Gold rose to its highest price in more than two weeks on Thursday, boosted by a sharp pullback in U.S. equities and follow-through buying a day after minutes from the Federal Reserve's latest policy meeting revealed its cautious approach in future interest-rate hikes.
*Dollar index falls to three-week lows. NEW YORK, April 10- The dollar dropped to three-week lows against the yen and the Swiss franc on Thursday, sliding for a second day after minutes of the Federal Reserve's March meeting disappointed investors who had been positioned for an interest rate increase early next year.
WASHINGTON— Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30- year loan fell to 4.34 percent from 4.41 percent last week.
It looks as though long-end rates are likely to move lower, says CNBC's Rick Santelli discussing the latest trends in the bond market, and the U.S. dollar.
LONDON, April 10- House prices and sales took off again in Britain last month, reflecting the economy's surprisingly fast recovery, but the Bank of England stuck to its course and left interest rates unchanged at record lows.
Its main value is the payment system, says Bill Miller, Legg Mason Opportunity Trust, discussing his purchase of the digital currency.
NEW YORK, April 10- U.S. stock index futures trimmed their losses on Thursday after weekly jobless claims fell more than expected in the latest week, a positive sign for the labor market. S&P 500 futures fell 1.3 point and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
*Greece makes successful return to bond markets. LONDON, April 10- Greece's much-heralded return to the bond market buoyed euro zone debt on Thursday, outperforming flat equity markets as gains driven by easing U.S. interest rate concerns fizzled out.
Bill Miller, Legg Mason Opportunity Trust, shares his thoughts on the market's long bull run and whether it's likely to remain.
For the first time in four years, Greece is about to return to the markets with a new 5-year note that offers a 4.95% yield, reports CNBC's Michelle Caruso-Cabrera.
LONDON— Bank of England policymakers have kept interest rates steady and declined to pump more money into Britain's economy amid signals of recovery. The Monetary Policy Committee kept the benchmark interest rate at a record low 0.5 percent and voted to not increase the monetary stimulus program.
One of them is liquidity, the second one is growth and the third is valuation, says Bill Miller, Legg Mason Opportunity Trust, providing his views on how to find value in the market. Also Miller explains why he finds home builder stocks attractive and now is the time to buy IBM, Apple and Qualcomm.
LONDON, April 10- The Bank of England kept interest rates unchanged at a record-low 0.5 percent on Thursday, as expected, as it waits for Britain's economy to recover fully from the financial crisis. None of the 61 economists polled by Reuters before the decision had expected a change, and most think a rise in interest rates is still around a year away.
David Owen, chief European economist at Jefferies International and Kit Juckes, global head of foreign exchange strategy at Societe Generale, discuss what the "new normal" for U.K. interest rates will be once they start rising.
LONDON, April 10- Gold rose nearly one percent on Thursday, reaching a 2-1/ 2 week high as the dollar dropped after minutes from the Federal Reserve's policy meeting suggested officials will be cautious on increasing interest rates soon.