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  • JACKSON HOLE, Wyo., Aug 28- Recent market turmoil should not delay the Federal Reserve from raising interest rates at least once, given that the global equities selloff and China's economic slowdown have had little effect on the U.S. economy, a top Fed official said on Friday. Market volatility has sowed doubts over the timing of the rates "liftoff," particularly...

  • Louis Fed President James Bullard told Bloomberg in an interview from Jackson Hole, Wyoming, where central bankers from around the world are converging for an annual meeting. But Loretta Mester, president of the Federal Reserve Bank of Cleveland, said the volatility has not changed her view that the U.S. economy was ready for a modest increase in interest rates.

  • *Asia stocks rise on Wall Street surge, upbeat U.S. data. Financial spreadbetters expected Britain's FTSE 100 to open around 8 points, or 0.1 percent, higher, Germany's DAX to open up around 13 points, or 0.1 percent, and France's CAC 40 to start the day about 8 points, or 0.2 percent, higher. MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.2 percent.

  • JACKSON HOLE, Wyo., Aug 28- Wild swings in world financial markets this week have shown how events in China can potentially disrupt the Federal Reserve's carefully scripted policy plans. "The years when China could keep on growing and pump things up- that's over. So you look around the world and ask who can take up the slack, and really the answer is nobody, "said Kevin...

  • *Asia stocks rise on Wall Street surge, upbeat US data. Wall Street rose sharply overnight thanks to revised U.S. gross domestic product data showing the economy grew faster than initially thought in the second quarter- a reassuring sign amid worries over deepening economic woes in China. MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.3...

  • TOKYO, Aug 28- Asian shares extended a global rally on Friday after upbeat U.S. economic data calmed sentiment shaken by days of turmoil in Chinese equities. Wall Street rose sharply overnight thanks to revised U.S. gross domestic product data showing the economy grew faster than initially thought in the second quarter- a reassuring sign amid worries over...

  • Aug 27- Wall Street rallied more than 2 percent on Thursday as strong U.S. economic data and hints that a September interest-rate hike was unlikely fueled optimism that the worst of recent market turmoil was over. "The worst is probably behind us but it's going to take a while before we get back to normal and we might still see some downward risk," said Scott Brown,...

  • NEW YORK, Aug 27- Stock around the world rallied on Thursday, shaking off a slump related to China growth fears, as strong U.S. economic data boosted investor sentiment and crude oil rebounded sharply. All three major U.S. indexes were up less than 1 percent in afternoon trade, trimming earlier gains, following share rebounds in China and Europe.

  • Aug 27- Wall Street rallied on Thursday as investors grew optimistic that the worst of recent market turmoil was over after strong U.S. economic data and hints that a September interest-rate hike was unlikely. The market had ended a 6- day losing streak on Wednesday after New York Fed President William Dudley said the case for a September hike was "less...

  • Aug 27- U.S. stocks extended their rally on Thursday, raising hopes that the worst of Wall Street's recent turmoil was behind it, after further evidence that the economy was on a solid footing. The market snapped a 6- day losing streak on Wednesday after New York Fed President William Dudley said the case for a September hike was "less compelling" after recent market...

  • *Eyes on central banker meeting in Jackson Hole. NEW YORK, Aug 27- Stock markets around the world rallied on Thursday, helped by strong U.S. economic data and after a U.S. "The bounce in Wall Street and stabilization in Asia are causing the market to rally back," said Clairinvest fund manager Ion-Marc Valahu.

  • US STOCKS-Wall St extends gains, helped by GDP data Thursday, 27 Aug 2015 | 10:06 AM ET

    *Second-qtr GDP rose 3.7 pct vs earlier reading of 2.3 pct. Aug 27- U.S. stocks rose sharply on Thursday, a day after posting their biggest one-day gain in four years, as data showed the U.S. economy grew faster in the second quarter than initially thought. While strong data points to increased chances of an interest rate hike in September, some investors said the...

  • *Second-qtr GDP rose 3.7 pct vs earlier reading of 2.3 pct. Aug 27- U.S. stocks were poised to open higher on Thursday, a day after posting their biggest one-day gain in four years, as data showed the U.S. economy grew faster in the second quarter than initially thought. "Despite the good GDP numbers that we saw today, September largely seems off the table because of the...

  • Aug 27- U.S. stock index futures rose sharply on Thursday, a day after Wall Street posted its biggest one-day gain in four years. *Stocks soared on Wednesday after New York Fed President William Dudley said the case for a September rate hike seemed "less compelling" than before. *Dudley's dovish comments came a day before many of the world's top central bankers gather...

  • *Stocks rise after Wall Street rally. LONDON, Aug 27- The yen nursed losses against the dollar on Thursday as calm returned to currency markets with gains in global equities, including a 5 percent jump in Shanghai, underpinning risk sentiment and sapping demand for safe haven currencies. Traders said any upward revision to second-quarter growth data out of the...

  • LONDON, Aug 27- Stocks rose around the world on Thursday, following the biggest gains on Wall Street in four years, after a U.S. Germany's DAX, France's CAC 40 and Britain's FTSE 100 were all up more then 2 percent. "Financial market volatility has increased the likelihood that the first Fed hike will occur later than the September meeting," said Angela Hsieh at...

  • FOREX-Yen nurses losses as stocks rally cheers mood Thursday, 27 Aug 2015 | 3:56 AM ET

    *Stocks rise after Wall Street rally. LONDON, Aug 27- The yen nursed losses against the dollar on Thursday as calm returned to currency markets with gains in global stock markets, including a 5 percent jump in Shanghai, underpinning risk sentiment and sapping demand for safe haven currencies. Traders said any upward revision to second-quarter growth data out of...

  • FOREX-Yen nurses losses as equities rally lifts mood Thursday, 27 Aug 2015 | 12:54 AM ET

    *Asian equities rise after Wall Street rally. SINGAPORE/ SYDNEY, Aug 27- The yen nursed losses against the dollar on Thursday as gains in Chinese equities helped underpin risk sentiment for now and dampened demand for the safe haven Japanese currency. Asian equities rose and Shanghai stocks edged up 1.6 percent after Wall Street posted its biggest one-day gain...

  • WASHINGTON, Aug 25- The U.S. budget deficit is likely to fall by $60 billion in 2015 due to strong revenue gains, the Congressional Budget Office said on Tuesday, enabling the government to stave off default without a debt limit hike perhaps through early December. The waning deficit may temper some demands in Congress for deeper spending cuts or weaken...

  • Week Ahead: Markets seek clarity from China, Fed Sunday, 23 Aug 2015 | 9:00 PM ET
    Traders on the floor of the New York Stock Exchange.

    Stocks start the week on a nervous footing, with traders looking for signals from both China and the Fed to turn the tide.