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The Fed Janet Yellen

  • *Bank, energy stocks weigh on Wall Street. NEW YORK, Feb 17- Stocks on major world markets retreated on Friday in the wake of consecutive sessions of record highs, as investors awaited clarity on U.S. Wall Street was lower for a second straight day as financial stocks, down 0.3 percent, and the energy sector, off 0.8 percent, weighed on equities.

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    Gold crept higher as investors opted for the safe haven qualities of bullion due to uncertainty about U.S. and European politics.

  • President Donald Trump stands during a news conference announcing Alexander Acosta as the new Labor Secretary nominee in the East Room at the White House on February 16, 2017 in Washington, DC

    Not only has Trump rejected economic data, he has also repeatedly misstated it.

  • NEW YORK, Feb 17- The yen rose against major currencies on Friday as concerns about the upcoming French elections and the lack of movement in fiscal changes in the United States kindled safe-haven demand for the Japanese currency. The dollar improved versus most peers with the exception of the yen, leaving it little changed on the week following mildly hawkish...

  • *Bank stocks weigh on Wall Street. NEW YORK, Feb 17- Stocks on major world markets dipped on Friday in the wake of consecutive sessions of record highs, as investors looked for clarity on U.S. Wall Street was lower for a second straight day as softness in financial stocks, down 0.5 percent, weighed on equities.

  • Janet Yellen

    Rich Clarida, Pimco Global Strategic Advisor, and Mike Ryan, UBS Chief Investment Strategist, weigh in on the markets, the likelihood of a rate hike and Fed Chair Janet Yellen's testimony.

  • *U.S. bonds rally with German, U.K. debt. NEW YORK, Feb 17- U.S. The market is benefiting from lower yields overseas and sort of a reassessment of the risk on trade that weve seen in equities, said Gary Pollack, head of fixed-income trading at Deutsche Bank Private Wealth Management in New York.

  • LONDON, Feb 17- Gold crept higher on Friday as investors opted for the safe haven qualities of bullion due to uncertainty about U.S. and European politics as well as the direction of stock markets. "Gold is close to its recent multi-month high despite the strong dollar, due to an increase in volatility on the equity markets and more uneasiness on the political front,...

  • LONDON, Feb 17- Gold crept higher on Friday as investors opted for the safe haven qualities of bullion due to uncertainty about U.S. and European politics as well as the direction of stock markets. "Gold is close to its recent multi-month high despite the strong dollar, due to an increase in volatility on the equity markets and more uneasiness on the political front,...

  • LONDON, Feb 17- Global equity markets were set to end the week on a softer footing on Friday, after setting record highs in the previous two sessions, as investors looked for clarity on U.S. The MSCI All-Country World index was still headed for its fourth straight week of gains after hitting a record high on Thursday, buoyed by positive signs for global economic...

  • LONDON, Feb 17- The dollar was stuck near a one-week low against a basket of currencies on Friday after upbeat economic data failed to lift Treasury yields, with concerns about policy under president Donald Trump quelling hopes of a new rally in the currency. It traded less than 0.2 percent higher on the day in morning trade in Europe at 100.64, having hit an...

  • LONDON, Feb 17- Sterling held near week lows against the dollar on Friday as investors awaited the latest batch of British retail data for more clues on an economy which has proved resilient since the UK voted to exit the European Union in June. Slower wage growth numbers in Britain and a surge in the dollar after U.S. Federal Reserve chair Janet Yellen hinted at an...

  • MUMBAI, Feb 17- Denny Jose, a small-town caterer in the southern Indian state of Kerala, was closely watching the Indian central bank meeting last week. Newspapers and markets were forecasting the Reserve Bank of India would cut its key rate by a quarter of a percentage point. But the RBI held rates and moved to a "neutral" policy stance, signaling an end to India's...

  • *Asia ex- Japan set to post fourth straight week of gains. SINGAPORE, Feb 17- Asian stock markets took a breather on Friday from their recent surge as investors booked profits, while the dollar inched up after Thursday's slide and optimism over possible renewed supply cuts by OPEC lifted oil prices. Financial spreadbetter CMC Markets expects Britain's FTSE 100 to...

  • TOKYO, Feb 17- The dollar wallowed near a one-week low against a basket of currencies on Friday after upbeat economic data failed to lift Treasury yields, with underlying concerns about U.S. trade policy capping greenback attempts to bounce. Federal Reserve Chair Janet Yellen spoke in support of a near-term rate hike and the markets also saw robust U.S....

  • *Spot gold may drop to $1,230- technicals. Feb 17- Gold prices held firm on Friday as the dollar hovered near one-week lows, keeping the metal on track for a third week of gains amid political uncertainties in the United States and Europe. President Donald Trump's policies, as well as elections in the Netherlands, France and Germany this year, fueled gold's rise to a...

  • TOKYO, Feb 17- Japan's Nikkei share average dropped on Friday morning with the market wary of a stronger yen and financials weakened as U.S. bond yields fell after comments by a senior U.S. "With third quarter corporate earnings releases over in Japan, investors will likely monitor the dollar-yen levels for catalysts now," said Hikaru Sato, a senior technical...

  • Feb 17- Gold held firm early on Friday as the dollar hovered near one-week lows, putting the precious metal on track for a third week of gains amid political uncertainties in the U.S. and Europe. President Donald Trump's policies, as well as elections in the Netherlands, France and Germany this year, have fueled gold's rise to a peak of $1,244.67 on Feb. 8.

  • *Asia ex- Japan set to post fourth straight week of gains. *Oil rises as optimism over OPEC cuts outweighs rising US supply. SINGAPORE, Feb 17- Asian stock markets took a breather on Friday from their recent surge as investors took profits, while the dollar inched up after Thursday's slide and optimism over possible renewed supply cuts by OPEC lifted oil prices.

  • TOKYO, Feb 17- The dollar was stuck near a one-week low against a basket of currencies early on Friday, after upbeat U.S. economic data failed to lift Treasury yields. Federal Reserve Chair Janet Yellen spoke in support of a near-term rate hike and the markets also saw robust U.S. inflation and retails sales data. Indicators released on Thursday shed more positive...