Search Results for: U.S. interest rates
Morgan Stanley Warns Currency Traders Worst to Come for Dollar
August 1st, 2016
The dollar is set to fall 5 percent in the next few months, the Federal Reserve isn’t raising interest rates anytime soon and U.S. economic data is only going to get worse. That’s what Morgan Stanley chief global currency ...
Asian Shares Gain, Won Rises With Ringgit as Fed Seen on Hold
August 1st, 2016
MSCI Asia-Pacific benchmark heads for sixth day of gains Won, ringgit advance as waning Fed rate rise odds hurt dollar European and U.S. stock futures climbed as Asian shares advanced and the South Korean won rallied to a one-year high ...
MasterCard reports Second Quarter 2016 net revenue increase of 13%
July 29th, 2016
Second-quarter net income of $983 million, including a special item, or $0.89 per diluted share Second-quarter net income of $1.1 billion, excluding a special item, or $0.96 per diluted share Second-quarter net revenue increase of 13%, to $2.7 billion Second-quarter gross dollar volume up 11% and ...
Yen Jumps on BOJ Decision as Japanese Bonds Sink; Gold Climbs
July 29th, 2016
Kuroda expands ETF purchase target, leaving policy rate steady BOJ release will be followed by Europe stress tests, U.S. GDP The Bank of Japan’s most anticipated policy announcement in years left investors underwhelmed, sparking a surge in the yen ...
Dollar Extends Drop as Japan Leads Stocks Lower; Metals Rise
July 28th, 2016
Odds of Fed rate increase this year remain below 50% South Korean won climbs to October high; yen rebounds The dollar extended losses after the Federal Reserve reiterated its gradual approach to raising interest rates, despite acknowledging risks to ...
SEC: State Street Misled Custody Clients About Prices for Foreign Currency Exchange Trades
July 27th, 2016
The Securities and Exchange Commission today announced that State Street Bank and Trust Company has agreed to pay $382.4 million in a global settlement for misleading mutual funds and other custody clients by applying hidden markups to foreign currency ...
Europe eyes higher open ahead of Fed decision
July 27th, 2016
European stocks are expected to open higher on Wednesday ahead of the latest monetary policy decision from the U.S. Federal Reserve. The London FTSE index is expected to open 14 points higher at 6,738, the German DAX up 62 points at 10,310 and ...
Precious Metals Slide on Stronger Dollar Before Fed as Yen Drops
July 25th, 2016
Ringgit falls sixth day to lead Asian currency declines Turkish stocks climb after steepest weekly drop since 2008 The dollar’s strength weighed on precious metals as investors looked toward central bank meetings this week in the U.S. and Japan. European ...
Asian Stocks Drop as BOJ Rejecting Helicopter Money Supports Yen
July 22nd, 2016
Oil below $45 a barrel as gold retreats with copper, nickel Ringgit sinks as 1MDB scandal in focus; yuan strengthens Asian stocks fell with European equity index futures as commodities sank to levels last seen in May. Malaysia’s ringgit ...
Globalization’s Few Winners and Many Losers
July 21st, 2016
Quality, quality of life, and well-being are not easily quantified, so they are ignored. I often write about the Tyranny of Price, the rarely examined assumption that lower prices are all that matters. Thanks to the Tyranny of Price, ...
