TOKYO (Reuters) - Asian shares rose firmly on Friday as strong U.S. earnings and a step forward in Congress on U.S. tax reform brightened the mood, even though investors noted that many hurdles remain to passage of a deal on tax cuts.
President Donald Trump told Asian nations eager for the U.S. to stay committed to the region that he would no longer join multilateral deals like the Trans-Pacific Partnership but…
Oil markets were slightly down but stable on Friday, supported by ongoing supply cuts and strong demand which have resulted in a tightening market, although the prospect of rising U.S. output capped prices.
Barclays is still expecting two rate hikes next year — no matter who the Federal Reserve chief may be, the bank's head for Asia foreign exchange and rates strategy said on Thursday.
THE wait is over. On November 2nd Donald Trump announced that he will nominate Jerome Powell, a former investment banker and current Federal Reserve governor, as the next chairman of America’s central bank.
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.
Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate despite hurricane-related disruptions.
At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:
TOKYO (Reuters) - The euro stretched gains on Thursday ahead of a European Central Bank meeting that could result in a less accommodative monetary policy, while Asian stocks were subdued after Wall Street pulled back from record highs.
NEW YORK (Reuters) - The dollar reversed gains on Wednesday, losing steam after data showed U.S. homebuilding fell last month, and was on track to snap four days of gains, even as higher U.S. Treasury yields provided some support.