The Trump administration "will take a look" after billionaire investor Peter Thiel said the FBI and CIA should see if Chinese intelligence has infiltrated Google.Technologyread more
On Monday, the first day of Amazon's 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital...Retailread more
Builder confidence for single-family homes rose just one point to 65 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI)....Real Estateread more
The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.Financeread more
Expectations for lower interest rates and less fear about tariffs sent investors back into the market and set up what could be a profitable run ahead.Marketsread more
A crop of long-awaited technology companies coming to the public market this year created a "frothy" period, Bernstein said on TuesdayInvestingread more
GE hasn't had a year this good during this millennium. After that massive surge, one trader is warning investors to stay away.Trading Nationread more
Credit card sales volume rose 11% this quarter and merchant processing volume increased 12%, the bank says in its earnings statement.Banksread more
EU Competition Commissioner Margrethe Vestager is preparing to launch a full probe into Amazon in the coming days, Bloomberg reported.Technologyread more
IBM announced Tuesday that it signed a multi-year agreement with AT&T enabling the carrier to host its business applications on the IBM Cloud.Technologyread more
Amazon Prime Day enters its second day, with more than 1 million deals being offered, including intermittent "lightning deals." Here's how to navigate the 48-hour shopping...Invest in You: Ready. Set. Grow.read more
* Asian stock markets : https://tmsnrt.rs/2zpUAr4
* Asian shares mixed in quiet trade
* Bulls hope Fed Chairman Powell will sound dovish enough
* Dollar supported as Treasury yields edge up from lows
* Oil prices up as U.S. stockpiles fall
SYDNEY, July 10 (Reuters) - Asian shares turned mixed on Wednesday while rising Treasury yields lifted the dollar as markets wondered if the world's most powerful central banker would confirm or confound expectations for U.S. policy easing this month.
MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.4%, after three sessions of losses.
South Korea edged up 0.4%, but Japan's Nikkei lagged with a loss of 0.2%. E-Mini futures for the S&P 500 dithered either side of flat in very slow trade.
Chinese blue chips barely budged as data showed inflation remained stubbornly subdued despite a spike in pork prices.
A worrying lack of inflation globally is one reason investors are counting on Federal Reserve Chairman Jerome Powell to sound suitably dovish when testifying to Congress on Wednesday.
Futures are still fully priced for a 25-basis-point cut at the Fed's July 30-31 meeting, but have abandoned wagers on a half-point move. They had implied a 25% probability of an aggressive cut before Friday's upbeat jobs report.
"We still think the odds favour a 25 bps "insurance" cut," said Kevin Cummins, a senior U.S. economist at NatWest Markets.
"The Fed's consideration of rate cuts is not only about growth but also about inflation, which remains well below target, and inflation expectations, which were breaking to the downside before the Fed signalled the likelihood of cuts."
Overnight, Atlanta Fed bank president Raphael Bostic let nothing out of the bag by saying the central bank was debating the risks and benefits of letting the U.S. economy run "a little hotter."
Lurking in the background, U.S. and Chinese trade officials held "constructive" talks on trade by phone on Tuesday, White House economic adviser Larry Kudlow said.
Wall Street had been duly circumspect, with the Dow ending Tuesday down 0.08%, while the S&P 500 added 0.12% and the Nasdaq 0.54%.
The cooling in U.S. rate fever has seen bonds give back just a little of their huge rally, with yields on two-year Treasuries rising to 1.917% from the recent trough of 1.696%.
That in turn has helped the dollar bounce on a basket of currencies to 97.521 from a June low of 95.843.
The dollar also firmed to 108.90 yen, while the euro faded to $1.1204 having been as high as $1.1412 just a couple of weeks ago.
The Mexican peso was nursing a few bruises after sliding on Tuesday when the country's moderate Finance Minister Carlos Urzua suddenly resigned, citing "extremism" in economic policy.
The Canadian dollar was on the defensive ahead of a rate meeting by the Bank of Canada in case policymakers tried to slow the currency's recent rally.
The dollar's gains took the shine off gold, which eased 0.3% to $1,393.48 per ounce.
Oil prices were supported by Middle East tensions and news that U.S. stockpiles fell for a fourth week in a row, easing concerns about oversupply.
Brent crude futures rose 59 cents to $64.75, while U.S. crude gained 80 cents to $58.63 a barrel.
(Editing by Shri Navaratnam and Jacqueline Wong)