Wells Fargo CEO: Interest Rates Need to Normalize
U.S. Dollar
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U.S. stock index futures pointed to a much lower open on Thursday after the Federal Reserve hinted the central bank may scale back its asset purchases later this year.
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Stocks accelerated their selloff in the final hour of trading to end near session lows Wednesday, after the Federal Reserve said it will maintain its bond-buying program, though Chairman Ben Bernanke hinted that the FOMC plans to moderate purchases later this year.
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U.S. stock index futures hovered around the flatline Wednesday, with global markets trading cautiously ahead of the Federal Reserve's all-important policy statement and Chairman Ben Bernanke's press briefing later in the session.
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Stocks rallied to finish near session highs Tuesday, with the Dow soaring nearly 150 points, as members of the Federal Reserve kicked off their two-day meeting to discuss the future of the central bank's bond-buying program.
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U.S. stock index futures held their gains Tuesday, following the housing starts and consumer price index data and ahead of the Federal Reserve meeting.
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Stocks recovered from their lows to end higher across the board in another choppy session Monday, but investors continued to question when the Fed could begin to wind down its asset-purchase program.
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U.S. stock index futures held their sharp gains across the board Monday, looking to recover after dropping in the previous week, after a report showed growth in the New York state manufacturing sector picked back up in June and ahead of the Fed's meeting.
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Stocks eased off their lows but were still broadly in the red Friday, led lower by banks, as investors digested a handful of mixed economic reports and remained on edge as concerns remained over whether central banks will pare back their stimulus programs.
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U.S. stock index futures turned lower Friday, following a sharp rally in the previous session that propelled all three major averages by more than 1 percent each, but concerns remained over whether central banks will pare back their stimulus programs.
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LONDON, June 14- The dollar stayed weak against the yen on Friday, but a recovery in stocks helped pull it out of the two-month trough it had slumped to in the previous session. The dollar has lost close to 10 percent since May 22, when it peaked at 103.74 yen.
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Stocks rallied to close near session highs Thursday, with major averages wiping out the previous session's losses, lifted by a pair of better-than-expected economic data and as investors shrugged off another steep selloff in the Japanese market.
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U.S. stock index futures trimmed their losses Thursday, lifted by a report that showed retail sales rose more than expected in May and weekly jobless claims fell near its lowest level in five years.
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LONDON, June 13- The yen jumped against the dollar on Thursday to levels not seen since the Bank of Japan unleashed aggressive stimulus in early April, as a slide in stocks prompted investors to unwind bets it would weaken. The yen rose more than 2 percent to hit 93.75 yen to the dollar after Japan's Nikkei share index closed down 6.4 percent.
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By Sophie Knight and Ian Chua. TOKYO/ SYDNEY, June 13- The dollar fell to its lowest level against the yen in ten weeks as investors cautiously pared bullish bets on the greenback amid uncertainty about whether the Federal Reserve will pare back its stimulus programme.
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Stocks finished near session lows in choppy trading Wednesday, with the Dow posting its first three-day losing streak this year, amid lingering worries of Fed tapering.
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U.S. stock index futures were higher Wednesday, looking to bounce back after major averages slumped 1 percent in the previous session, as Europe markets gained and Asia markets trimmed earlier losses.
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Stocks finished sharply lower in volatile trading Tuesday after briefly wiping out most of their losses, with all key S&P sectors closing in the red, as the Bank of Japan's latest monetary policy decision disappointed investors.
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U.S. stock market index futures were sharply lower Tuesday, after a selloff in European stocks and Japan's Nikkei, after the Bank of Japan disappointed investors by failing to address market volatility in its monetary policy statement.
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Stocks closed narrowly mixed in choppy trading Monday, as investors seemed to take a breather following last week's sharp rally and amid worries over when the Fed might scale back its stimulus program.
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U.S. stock index futures were in positive territory Monday, with major averages looking to extend last week's rally following the government jobs report, lifted by positive economic news from Japan and after S&P revised its rating on U.S. sovereign credit outlook.
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