The Fed Janet Yellen

  • LONDON, Nov 18- Emerging market assets suffered on Friday after Federal Reserve chief Janet Yellen signalled a U.S. rate hike was on track, with Turkey's lira hitting a record low and other currencies also weakening while stocks were poised for a fourth week of losses. The dollar reached its highest level in almost 14 years and U.S. bond yields soared amid growing...

  • LONDON, Nov 18- Gold hit its lowest level since late May on Friday as the dollar surged to a near 14- year high on expectations for a U.S. rate hike next month and more infrastructire spending from the new Trump administration. Spot gold slid to its lowest since May 30 at $1,203.52 an ounce, and was down 0.8 percent at $1,205.76 an ounce. U.S. gold futures for December...

  • *FTSE 100 down 0.5 pct. LONDON, Nov 18- UK shares retreated on Friday, weighed down by a fall among mining companies as precious metals miners were hit by a rising dollar. Gold miners Randgold Resources, Fresnillo and Polymetal International tumbled between 3 percent to 6 percent, as the broader UK mining index declined nearly 3 percent, touching its lowest level in...

  • *European stock markets dip, Asia stocks closed down. LONDON, Nov 18- The dollar scaled to its highest level in almost 14 years against a basket of currencies on Friday, while U.S. bond yields were set for the biggest fortnightly rise in 15 years on bets U.S. inflation and interest rates are headed higher. In Asia, MSCI's broadest index of Asia-Pacific shares outside...

  • LONDON, Nov 18- The dollar powered to its highest levels since 2003 against a basket of currencies on Friday, with Donald Trump's victory in the U.S. presidential election helping to give the greenback its best fortnight against the yen in almost 30 years. Also underpinning the dollar was a speech by Federal Reserve Chair Janet Yellen, who on Thursday provided a...

  • *Spot gold may drop towards $1,172/ oz- Technicals. U.S. gold futures fell 1 percent to $1205.00 per ounce, after touching its lowest since Feb. 10 at $1,201.3 earlier. The dollar index rose to its highest since April 2003 and was set for its biggest weekly gain in a year after Fed Chair Janet Yellen provided a strong signal that U.S. interest rates would likely increase...

  • *Saudi energy minister urges OPEC to cut output ahead of meeting. *Key oil exporters meet in Doha Friday to discuss potential deal. SEOUL, Nov 18- Oil prices fell on Friday as a strengthening U.S. dollar beat back renewed hope that OPEC might finally agree production cuts.

  • MANILA, Nov 18- London copper futures dropped 1 percent on Friday as the dollar soared to a 13-1/ 2- year high against a basket of currencies after Federal Reserve Chair Janet Yellen signaled that U.S. interest rates could rise "relatively soon." The metal has declined nearly 10 percent from a 17- month high of above $6,000, hit on Nov. 11, during the peak of a rally as...

  • *Wall Street shares near record high, Asia under pressure. European shares were expected to open marginally higher, with spread-betters looking to rise of 0.3 percent in Germany's DAX and a flat opening for Britain's FTSE. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.4 percent to hover just above its four-month low touched...

  • The Japanese benchmark index finished at a nearly 11-month high as shares received a boost from a weaker yen.

  • TOKYO, Nov 18- Japanese government bond yields rose to nine-month highs on Friday, feeling the strong tug of their surging U.S. counterparts, in developments expected to test the Bank of Japan's resolve to control the yield curve. "The BOJ will continue to take steps to ensure the yield curve remains in the shape needed to meet our 2 percent inflation target," BOJ...

  • Fed continues to be glacial in normalisation: Yale fellow

    Stephen Roach, senior fellow at Yale University and former Chairman of Morgan Stanley Asia, says the Fed will continue to be “glacial” in its normalization, which will limit the upside on the U.S. dollar.

  • TOKYO, Nov 18- The dollar was gunning for robust weekly gains on Friday after upbeat U.S. economic data stoked expectations of higher U.S. interest rates. Also underpinning the greenback, Federal Reserve Chair Janet Yellen provided a strong signal on Thursday that U.S. interest rates will likely increase by year-end, in line with most market participants'...

  • *SSEC -0.3 pct, CSI300 -0.2 pct, HSI 0.3 pct. SHANGHAI, Nov 18- China stocks edged lower on Friday morning, but are on track for its sixth consecutive weekly gain thanks to growing signs of a stabilising economy. In Hong Kong, a bounce in the market was eclipsed by worries a U.S. rate hike next month and a strengthening dollar could divert money away from emerging markets,...

  • *Saudi energy minister urges OPEC to cut output ahead of meeting. *Key oil exporters meet in Doha Friday to discuss potential deal. SEOUL, Nov 18- Oil prices fell in early trading on Friday as the strengthening U.S. dollar snuffed out rekindled hopes that OPEC might agree production cuts.

  • SINGAPORE, Nov 18- Chicago wheat futures lost ground on Friday with the market on track for a second week of decline as it faced headwinds from a strengthening dollar and forecasts of rain in U.S. regions producing hard red winter wheat. The Chicago Board Of Trade most-active wheat contract is down nearly half a percent this week, soybeans have lost 0.3 percent and...

  • TOKYO, Nov 18- Japanese government bond yields edged up on Friday, feeling the strong tug of their surging U.S. counterparts, in developments expected to test the Bank of Japan's resolve to control the yield curve. BOJ Governor Haruhiko Kuroda said on Friday that the central bank was prepared to conduct fixed-rate operations in an unlimited amount if needed.

  • *Wall Street shares near record high, Asia under pressure. TOKYO, Nov 18- Asian share markets weakened on Friday as rising U.S. bond yields carried the dollar to a more than 13-1/ 2 year high against a basket of major currencies, fuelled by expectations that President-elect Donald Trump's policies will lead to higher interest rates. The post-election shift in...

  • HONG KONG, Nov 18- China's yuan fell to more than eight-year lows against the dollar on Friday, in line with a broader retreat among Asian currencies, after Federal Reserve Chair Janet Yellen raised expectations for a U.S. rate hike in the short term. Donald Trump's surprising win at the U.S. presidential elections last week has fuelled a broad rise in the dollar on...

  • *The USDA reported export sales of U.S. wheat in the week to Nov. 10 at 598,400 tonnes, at the high end of trade expectations for 400,000 to 600,000 tonnes. *The USDA reported export sales of U.S. corn in the week to Nov. 10 at 1,661,000 tonnes, topping a range of trade expectations for 900,000 to 1.2 million tonnes. *The USDA said private exporters in the last day sold...