The Australian bond market is firmer after comments from the US central bank show it is in no hurry to raise its interest rate. US Federal Reserve chair Janet Yellen told a Congressional committee that the US labour market still showed some weakness and inflation continued to fall, making any interest rate hike unlikely before Read More
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New York (AFP) – Oil prices slipped Tuesday as traders estimated a key report will show another increase in US crude inventories that already are at record levels, exacerbating the global oversupply. US benchmark West Texas Intermediate for April delivery fell 17 cents, closing at $ 49.28 a barrel. In London, Brent North Sea crude Read More
* Yellen’s two-day testimony before Congress to start at 10 a.m. * Home Depot climbs in premarket after earnings, buyback * Toll Brothers rises in premarket after results * Futures: Dow up 21 pts, S&P off 0.25 pt, Nasdaq off 3 pts (Adds quote, updates prices) By Chuck Mikolajczak NEW YORK, Feb 24 (Reuters) – Read More
U.S. stock futures were mixed on Tuesday with the Dow Jones Industrial Average slightly in the black and the S&P 500 and the Nasdaq 100 slightly in the red before Federal Reserve Chair Janet Yellen was due to give the semi-annual monetary policy testimony to the Senate Banking Committee in Washington. Yellen is due Read More
LONDON (ShareCast) – Dow Futures were steady ahead of Wall Street’s open as investors gear up for Federal Reserve head Janet Yellen’s testimony to the Senate Banking Committee and the House Financial Services Committee which kicks off Tuesday and continues on Wednesday. According to broker Atif Latif at Guardian Stockbrokers, the Dow Jones Industrial Average Read More
* Yellen’s two-day testimony before Congress to start at 10 a.m. * Home Depot climbs in premarket after earnings, buyback * Futures: Dow up 10 pts, S&P off 0.5 pt, Nasdaq off 2.25 pts By Chuck Mikolajczak NEW YORK, Feb 24 (Reuters) – Dow Futures were little changed on Tuesday, with the Dow and S&P Read More
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CHICAGO: US wheat and corn futures fell to near three-week lows on Monday as a strong dollar loomed over export demand along with aggressive competition from overseas suppliers, traders said. Soybeans, which have been underpinned by a tug-of-war for nearby supplies between processors and exporters, turned Read More
Australian bond futures prices have drifted higher following weak US housing data and ahead of comments from the head of the US central bank. Investors are keenly awaiting Congressional testimony from US Federal Reserve chair Janet Yellen on Tuesday and Wednesday night, Australian time. St George senior economist Janu Chan said traders will be looking Read More
Gold futures kept slipping. New York April gold futures fell US$ 16.5, or 1.3%, to US$ 1,260.3, with 0.18% gain in electronic trading. March silver futures rose US$ 0.07, or 0.41%, to US$ 17.321, with 0.18% loss in electronic trading. March copper futures rose US$ 0.0915, or 3.67% to US$ 2.5815 a pound, with 0.23% Read More