Archive US: Trading

  • Fed chair Janet Yellen, while South Africa's rand and bonds remained under pressure after a tumultuous week. "People are booking profits after a strong run and South Africa has given them an excuse to do that." The South Africa rand firmed 0.2 percent but was on track to end the week 5 percent down and sovereign dollar bonds continued to sell off, with the 2025 issue...

  • Aug 26- Hong Kong stocks rose on Friday but were flat for the week, reflecting investor caution ahead of a speech by Federal Reserve Chair Janet Yellen. Yellen will speak at the annual gathering of central bankers in Jackson Hole, Wyoming, later in the global day. Most sectors in Hong Kong rose, led by energy and tech stocks.

  • SINGAPORE/ TOKYO, Aug 26- Asian stocks were largely steady on Friday, with modest losses in some markets and gains in others reflecting nervousness before a keenly anticipated speech by U.S. Federal Reserve Chair Janet Yellen. European markets are also heading for a flat start, with financial spreadbetter CMC Markets expecting Britain's FTSE 100 and Germany's...

  • SINGAPORE/ TOKYO, Aug 26- Asian stocks were steady on Friday with modest losses in some markets and gains in others reflecting nervousness before a keenly anticipated speech by U.S. Federal Reserve Chair Janet Yellen. MSCI's broadest index of Asia Pacific shares outside Japan was little changed as investors awaited some direction from Yellen on whether the...

  • TOKYO, Aug 26- Japanese stocks fell on Friday morning in line with a dip on Wall Street and as investors stayed cautious before a speech by Federal Reserve Chair Janet Yellen, but companies announcing share buybacks attracted buying. Traders expect overall trading to be subdued on Friday amid caution before Yellen delivers the keynote speech at the annual...

  • TAIPEI, Aug 26- Taiwan stocks were nearly unchanged on Friday in cautious trade as bellwether financial shares slipped and on weakness in overseas markets. CTBC said late on Thursday that it was scrapping a deal with CITIC Bank International Ltd, cancelling its second deal in less than one month. The Taiwan dollar softened T $0.01 to T $31.680 per U.S. dollar.

  • NEW YORK— Stocks closed lower on Thursday, led by declines in health-care companies as investors worry about a backlash in Washington against recent price increases for key drugs. A few retailers reported disappointing earnings, and that helped push down consumer discretionary stocks. The losses were modest as major indexes hover near record highs hit last...

  • *Healthcare pulls Wall Street slightly lower. NEW YORK, Aug 25- Most investors refrained from making big bets on Thursday ahead of the start of a central bankers' meeting in the mountains of Wyoming that could clarify the path of U.S. interest rate policy. Federal Reserve Chair Janet Yellen will deliver the keynote speech on Friday, but she may struggle to convince...

  • Bond market may be sending economic signal

    What does the yield curve say about economic growth? Boris Schlossberg of BK Asset Management and Jacob Weinig of Malachite Capital discuss with Michelle Caruso-Cabrera.

  • Yellen’s words to hit currency market?

    What will Janet Yellen’s speech mean for the currency market? Boris Schlossberg of BK Asset Management and Jacob Weinig of Malachite Capital discuss with Michelle Caruso-Cabrera.

  • *Fed Chair Janet Yellen due to speak on Friday. NEW YORK, Aug 25- U.S. stocks were modestly lower on Thursday, weighed down by a drop in healthcare and consumer names, while financials advanced slightly after two more Federal Reserve officials pushed the case for a rate hike. Jude Medical shares fell 5 percent after short-selling firm Muddy Waters said it bet that the...

  • NEW YORK— It's perhaps the most contrarian move in investing today: Trust a stock picker. Last month alone, $44 billion left actively managed stock funds, and nearly $41 billion went into comparable index funds. Through July, they were on pace for a third straight year of lower returns than either an S&P 500 index fund or an investment that tracks a Barclays bond...

  • GRAPEVINE, Texas _ GameStop Corp. on Thursday reported fiscal second-quarter net income of $27.9 million. GameStop expects full-year earnings to be $3.90 to $4.05 per share. GameStop shares have risen 15 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed slightly more than 6 percent.

  • *Healthcare pulls Wall Street slightly lower. NEW YORK, Aug 25- The start of a central bankers' meeting in the mountains of Wyoming, which could clarify the path of U.S. interest rate policy, kept most investors from making big bets on Thursday. Federal Reserve Chair Janet Yellen will deliver the keynote speech on Friday, when she may struggle to convince financial...

  • NEW YORK, Aug 25- U.S. stocks edged lower on Thursday, weighed down by a drop in consumer and healthcare names, while financials rose modestly after two more Federal Reserve officials pushed towards the case for a rate hike. Comments from Kansas City Fed President and voting member Esther George, as well as Dallas Fed President Robert Kaplan, followed the hawkish...

  • NEW YORK/ LONDON, Aug 25- Gold hit four-week lows on Thursday, under pressure from upbeat U.S. data in the run-up to a speech by Federal Reserve Chair Janet Yellen this week that will be watched for clues on monetary policy. Spot gold was down 0.1 percent at $1,322.26 an ounce December delivery settled down 0.4 percent at $1,324.60. Yellen may signal a firm commitment...

  • *Speculative trading ahead of informal OPEC meet in Sept. *Cushing stocks fall 313,000 bbls in week to Aug. 23- Genscape. Some traders cited bullish data issued by energy monitoring firm Genscape showed a drawdown of more than 313,000 barrels at the Cushing, Oklahoma delivery point for U.S. crude futures during the week to Aug. 23.

  • *Wall Street recovers after lower open. NEW YORK, Aug 25- Slumping healthcare stocks pulled European markets lower on Thursday after White House candidate Hillary Clinton demanded price cuts on a successful drug, while many investors awaited headlines from a big gathering of central bankers. London's FTSE closed 0.28 percent lower.

  • SAO PAULO, Aug 25- Latin American stocks and currencies seesawed on Thursday as traders avoided big bets ahead of U.S. Also fostering caution in Brazilian markets was suspended President Dilma Rousseff's trial at the Senate, which was widely expected to permanently confirm her impeachment. A final vote is likely to confirm her vice president Michel Temer as...

  • Crude futures also saw support from players buying on dips and looking for a bottom on speculation that next month's informal meeting between OPEC and other major oil producers could result in production curbs. Brent crude futures were up 45 cents, or 0.9 percent, at $49.50 a barrel by 10:15 a.m. EDT, after settling down 1.8 percent on Wednesday.