Top News & Analysis Wyoming

  • 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.

  • *Jackson Hole meeting closely watched for policy clues. 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 0.2 percent at $1,320.40 an ounce at 1332 GMT, while U.S. gold futures for December...

  • NEW YORK, Aug 25- U.S. The Commerce Department said on Thursday that non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, increased 1.6 percent last month. "We're trading a little heavy here after the data," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York.

  • Aug 25- Wall Street was set to open lower on Thursday as investors treaded water ahead of Federal Reserve Chair Janet Yellen's speech at a gathering of central bankers that could paint a clearer picture on interest rates hikes. Yellen addresses the annual meeting at Jackson Hole, Wyoming on Friday at 10:00 a.m. ET. Kansas City Fed President Esther George on...

  • *Wall Street to open lower, durable goods, jobless data ahead. Japanese and Chinese stocks had suffered modest drops in Asia and the pace picked up in Europe as London's FTSE sank 0.4 percent and Frankfurt and Paris lost as much as 1.2 percent in a region-wide slide. Stubbornly low oil prices and warnings about steel demand kept the pressure on miners in Europe,...

  • *Investors have been waiting for Fed Chair Janet Yellen's address at an annual meeting of global central bankers in Jackson Hole, Wyoming, for signals on the timing of the next rate hike. *Data due Thursday includes a report on weekly jobless claims, which likely increased by 3,000 to 265,000. The report will be released at 8:30 a.m. ET. *Durable goods orders data...

  • LONDON, Aug 25- Portugal's borrowing costs pulled away from recent one-month highs on Thursday after an agreement on the recapitalisation of ailing state-owned bank CGD eased worries about the health of the country's banking sector. Yields last week suffered the biggest weekly jump in almost four months after DBRS, the ratings agency that holds Portugal's...

  • Rate hike will do more good than bad: Jim Paulsen

    Jim Paulsen, Wells Capital Management, and Michael Hanson, BofA Merrill Lynch, share their expectation on interest rates ahead of the Fed's summit in Jackson Hole, Wyoming.

  • JACKSON HOLE, Wyoming, Aug 25- While markets wait for Janet Yellen's latest message about the direction of monetary policy, the Federal Reserve chief and her colleagues already have one for politicians: the U.S. economy needs more public spending to shift into higher gear. In the past few weeks, Yellen and three of the Fed's other four Washington- based governors...

  • Countdown to Jackson Hole

    Damon Barglow, Rockland Trust, and Bruce Kasman, JPMorgan chief economist, share their expectation on what they'd like to hear from Fed Chair Janet Yellen at this year's summit at Jackson Hole, Wyoming.

  • LONDON, Aug 25- Nickel slumped to the lowest in over six weeks on Thursday after worries eased that an environmental crackdown in the Philippines would create shortages. Nickel had surged 32 percent from the beginning of June until it hit a one-year peak in early August as authorities in the Philippines launched a campaign to close mining operations that...

  • *Dollar retreats ahead of Jackson Hole meeting. LONDON, Aug 25- Gold edged off the previous day's four-week low on Thursday as the dollar retreated, but prices were rangebound ahead of a speech by Federal Reserve Chair Janet Yellen this week which will be watched for clues on monetary policy. Spot gold was up 0.2 percent at $1,324.61 an ounce at 0930 GMT, while U.S....

  • *China property stocks down 2 pct; selling pressure in financials. Japanese and Chinese stocks had suffered modest drops in Asia and the pace picked up in Europe as London's FTSE sank 0.8 percent and Frankfurt and Paris lost 1.2 percent. "The recapitalisation of CGD is likely to have implications for Portugal's budget, but all in all it is positive," said DZ Bank...

  • LONDON, Aug 25- Portugal's borrowing costs pulled away from recent one-month highs on Thursday after an agreement on the recapitalisation of ailing state-owned bank CGD eased worries about the health of the country's banking sector. The news bought some relief to Portuguese bond yields, which last week suffered the biggest weekly jump in almost four months...

  • *MSCI Asia-Pacific index up 0.2 pct, Taiwan gains. HONG KONG, Aug 25- Asian stocks edged higher on Thursday but clung to recent well-worn trading ranges while the dollar held firm against regional currencies ahead of a speech by Federal Reserve Chair Janet Yellen at a global central bankers' meeting. Japan's Nikkei was down 0.3 percent, pressured by losses on Wall...

  • TOKYO, Aug 25- The dollar was range-bound in illiquid Asian trade on Thursday as major currencies continued to tread water ahead of the global central bankers' gathering in Jackson Hole, Wyoming, at which Federal Reserve Chair Janet Yellen may offer new clues on U.S. monetary policy. Fed officials including Vice Chairman Stanley Fischer and New York Fed...

  • JACKSON HOLE, Wyoming, Aug 25- While markets wait for Janet Yellen's latest message about the direction of monetary policy, the Federal Reserve chief and her colleagues already have one for politicians: the U.S. economy needs more public spending to shift into higher gear. In the past few weeks, Yellen and three of the Fed's other four Washington- based governors...

  • *Spot gold might test $1,308- technicals. Aug 25- Gold on Thursday held slightly above a four-week low touched in the previous session as the dollar lost some strength ahead of a speech by Federal Reserve Chair Janet Yellen that may yield clues on U.S. interest rate policy. Spot gold was up 0.2 percent at $1,325.50 an ounce at 0348 GMT.

  • SHANGHAI, Aug 25- China's yuan firmed on Thursday, underpinned by a modest pullback in the dollar index in Asian morning trade though activity remained subdued. Trading was cautious ahead of the global central bankers' gathering in Jackson Hole, Wyoming, where Federal Reserve Chair Janet Yellen's speech on Friday may offer fresh clues on U.S. monetary policy...