Even with spotty economic data, the unofficial odds are rising that the Fed will announce plans at its December meeting to taper its bond-buying.» Read More
Thanks to a new fast track law a number of start-ups are headed to the market. CNBC's Herb Greenberg advises investors to beware.
FRANKFURT, July 11- "Watch what we do, not what we say," was the central bank mantra for generations. In the space of a few hours last week, the European Central Bank and Bank of England embarked on a momentous change, moving to provide an interest rate outlook as the Federal Reserve already does, a crisis response that could become a permanent feature.
*Market had expected policy rate to rise only 25 bps. JAKARTA, July 11- Bank Indonesia raised its benchmark policy rate by an unexpected 50 basis points on Thursday, as the central bank continued to surprise with aggressive steps to battle accelerating inflation, halt foreign outflows and bolster its weak currency.
BEIJING, July 11- About 1,000 hopeful borrowers overran a branch of China's central bank as a rumour spread that it was handing out zero-interest loans, media said on Thursday, illustrating how Chinese financial know-how badly lags growth in banking products.
TOKYO, July 11- Bank of Japan Governor Haruhiko Kuroda said on Thursday the country's economy and prices were moving roughly in line with central bank projections made in April.
*Dollar falls after Fed chief's comments, but uptrend intact. LONDON, July 11- The dollar slid on Thursday after comments from Federal Reserve Chairman Ben Bernanke indicated the U.S. central bank may not wind down its asset purchase programme as soon as previously expected.
*Market dumps dollar after Fed chief's comments. TOKYO, July 11- The dollar tumbled on Thursday after dovish comments from Federal Reserve Chairman Ben Bernanke forced traders to trim their long positions on the greenback, as markets reassessed expectations that the Fed would start to reduce stimulus as early as September.
David Bloom, Global Head of Foreign Exchange Strategy at HSBC says the markets will keep the taper tantrum alive, despite Ben Bernanke's supportive comments overnight.
TOKYO, July 11- Japanese government bond prices inched up on Thursday as investors waited the outcome of the Bank of Japan's policy meeting, taking their cues from U.S. Treasuries after Federal Reserve Chairman Ben Bernanke affirmed accommodative monetary policy would be in place for a while.
*Brent/WTI spread at lowest since December 2010. SINGAPORE, July 11- Brent crude steadied around three-month highs on Thursday, supported by expectations the Federal Reserve will keep its stimulus programme to aid the U.S. economy, while a sharp decline in crude inventories lifted U.S. oil to near 16- month peaks.
Federal Reserve Chairman Ben Bernanke said accommodative monetary policy would be needed for the foreseeable future. *Three-month copper on the London Metal Exchange hit its highest since July 4 at $6,994 a tonne, before edging back to $6,940 by 0125 GMT, still up 1.7 percent and extending gains from the previous session.
Gasoline is expected to jump 10 to 20 cents per gallon in the next several days, as rising oil prices and peak driving season create a perfect storm for higher prices.
TOKYO, July 11- Japan's Nikkei share average edged up on Thursday morning in choppy trade as the yen's rally paused, with global markets caught wrong footed after U.S. Federal Reserve chief Ben Bernanke said that ultra-easy monetary policy would be needed for the foreseeable future.
SINGAPORE, July 11- Gold jumped to its highest in more than two weeks on Thursday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank will continue to pursue an accommodative monetary policy for now to support the economy. *Spot gold was up 1.8 percent to $1,285.76 an ounce by 0024 GMT, extending gains into a fourth day.
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching tomorrow.
CAMBRIDGE, Mass., July 10- Eyeing the end of his tenure as chairman of the U.S. Federal Reserve, Ben Bernanke on Wednesday described some of the things that he hopes to be remembered for when the time comes for him to step down, led by his championship of greater transparency in monetary policy.
When a UBS client sold a business for more than $100 million in proceeds, the client's broker offered to help guide him with a financial road map—for a fee of $50,000.
"Mad Money" host Jim Cramer advises that you "put money into an IRA, and then invest it in high-yielding dividend stocks."
The Fast Money traders share their final trades of the day.
Changes could be afoot at Microsoft, which reports quarterly earnings after the bell Thursday, Nomura's Rick Sherlund says.