|Day's range||2.5490 - 2.5830|
|52-week range||2.3560 - 3.2480|
TOKYO (AP) — Stock markets were mostly higher Wednesday after news that China's economy grew at a better than expected 6.4% annual pace in the last quarter failed to entice wary investors focused on weaker U.S. corporate earnings.
TOKYO (AP) — Shares were mixed Tuesday in Asia in mostly narrow trading in the absence of any major market-driving news.
FT subscribers can click here to receive Market Forces every day by email. Case in point: when the S&P 500 was peaking at 2,930 last September, the 10-year Treasury note yield was 50 basis points higher at 3.06. Plenty of good news is priced into equity valuations, such as a China-US trade deal, while bad news such as faltering earnings growth and pressure on corporate margins is being downplayed.
Asian markets retreated Thursday on news that most U.S. Federal Reserve officials believed the central bank would leave interest rates unchanged for the rest of the year. An indication of flexibility caused Asian markets to open in a "slightly soft mood," said Selena Ling, chief economist at OCBC Bank.
With rate hikes off the table for now and global economic growth faltering, shares with payouts look more enticing. Also, the fallacies of Trump’s Fed nominee.
Stocks finished broadly higher on Friday as Wall Street closed out the first quarter with the market's biggest gain in nearly a decade. The benchmark S&P 500 index is now up 13.1 percent this year, a drastic turnaround for stocks after a jarring 14 percent sell-off in the last three months of 2018. The market's blockbuster quarter shared the spotlight with Lyft's much-anticipated trading debut on the Nasdaq stock exchange.
SINGAPORE (AP) — Asian markets were mostly higher on Friday as U.S. and Chinese officials kicked off a fresh round of trade talks in Beijing.
Yield curve fears aside, if the economy manages to escape a prolonged slump, it may have Washington’s fiscal profligacy to thank.
More than a dozen long-duration Treasury ETFs hit new highs last week as dovish remarks from the Federal Reserve drove investors to safety, but there’s only one ETF that investors need now.
Global shares were mixed on Thursday as Chinese and U.S. trade negotiators prepared for the latest round of talks aimed at ending a tariffs war between the world's two biggest economies. Prime Minister Theresa May made a final effort to save her European Union withdrawal deal after her promise to quit failed to win over lawmakers from Northern Ireland, who object out of concern their province would be treated differently from the rest of the United Kingdom.
TOKYO (AP) — Asian shares were mostly lower Thursday, following a slip on Wall Street, as investors watched the continuing trade talks between the U.S. and China.
BANGKOK (AP) — Stocks markets turned lower Wednesday amid concerns about an impasse in the Brexit process, slowing trade and global growth.
In an uncanny replay of what happened three years ago, Federal Reserve officials have been forced to revise their outlook on where the economy is going
Just a few months ago, rising rates were bearing down on everyone from home buyers to stock investors after the Federal Reserve put through seven quarter-point increases in 2017 and 2018. This year, the Fed has changed course. In January, it opened the door to a "patient" approach to further rate increases.
The central bank’s main aim appears to be to do no harm to an economy that Fed Chairman Jerome Powell observed was “in a good place.”
Despite numerous warnings of the mounting dangers to U.S. government bonds, yields keep falling and prices keep rising.