Posted by editor on March 06, 2017

 Gold prices fell on Friday and posted the largest weekly loss of 2017 so far amid growing expectations that the Federal Reserve will raise interest rates later this month.
Gold for April delivery settled down 0.52% at $1,225.5 on the Comex division of the New York Mercantile Exchange, having touched its lowest since February 15 at $1,222.9 earlier. Gold finished the week down 2.5%.
Gold then ticked up 0.13% to $1234.5 in after-hours trade.
Fed Chair Janet Yellen said Friday that a rate hike "would likely be appropriate" this month if the economy remains on track.

Posted by editor on March 03, 2017

The Fed rate hike balloon has successfully been floated, and the market has continued to reprice the March rate hike probability fuelled by the dove of doves, Lael Brainard, who came out ‘Hawks-a-blazing’ at exactly the appropriate time. One of the conventional ways of trying to anecdotally determine the proclivity for FOMC members to vote on monetary policy decisions is known as the dove-hawk scale; with Brainard flying the dove’s coup, she has tipped the scales in overwhelming favour of a rate hike as the market now views March as a fait accompli.

Posted by editor on March 03, 2017

 Philippines stocks were higher after the close on Friday, as gains in the Property, Services and Banking & Financials sectors led shares higher.
At the close in Philippines, the PSEi Composite added 0.17%.
The best performers of the session on the PSEi Composite were LT Group Inc (PS:LTG), which rose 2.14% or 0.320 points to trade at 15.280 at the close. Meanwhile, Ayala Corp (PS:AC) added 2.12% or 17.000 points to end at 820.000 and Globe Telecom Inc (PS:GLO) was up 1.94% or 35.000 points to 1835.000 in late trade.

Posted by editor on March 02, 2017

(Reuters) - Hulu will provide customer help 24 hours a day, seven days a week ahead of the upcoming launch of its live TV streaming service, and plans to open a service center by the fall, doubling investment in customer service over the next year so it can cope better with any glitches that arise, the company told Reuters this week.

Posted by editor on March 02, 2017

The BEA's Personal Income and Outlays report for January was published this morning by the Bureau of Economic Analysis. The latest Headline PCE price index rose 0.43% month-over-month (MoM) and is up 1.89% year-over-year (YoY). The latest Core PCE index (less Food and Energy) came in at 0.30% MoM and 1.74% YoY. Core PCE remains below the Fed's 2% target rate.

Core PCE Index

Posted by support on October 26, 2016

NEW YORK (Reuters) - Oil prices fell more than 1 percent on Tuesday, with U.S. crude settling below $50 per barrel for the first time in a week ahead of data likely to show a build in domestic inventories.
Producers' verbal jockeying about the Organization of the Petroleum Exporting Countries' (OPEC) planned output cut weighed further on the market, analysts said, noting Iraq's resistance to the plan and its rising output for October.

Posted by support on October 18, 2016

Here are the top five things you need to know in financial markets on Monday, October 17:
1. U.K. borrowing costs hit post-referendum high on Brexit strife
Ten-year gilt yields (British sovereign bonds that mature in a decade’s time) rose on Monday to their highest level since the U.K. voted to leave the European Union (EU), known as a Brext.
The increase in yields reflects a sell-off of British sovereign debt as borrowing costs rise when prices fall.

Posted by support on October 18, 2016

WELLSTON, Missouri (Reuters) - The crammed-to-capacity parking lot at a job training centre in this St. Louis suburb is exhibit A for why the U.S. Federal Reserve remains at odds over the health of the U.S. labour market and how quickly interest rates should rise.

Posted by support on October 14, 2016

SEOUL (Reuters) - Samsung Electronics (LON:0593xq) Co Ltd on Friday said it expected to take a hit to its operating profit of about $3 billion (2.45 billion pounds) over the next two quarters due to the discontinuation of its fire-prone Galaxy Note 7 smartphone.
The outlook brings to about $5.3 billion the total losses the global smartphone leader has forecast as a result of the overheating issues, after it said on Wednesday it would suffer a $2.3 billion hit to third-quarter profit.

Posted by support on October 14, 2016

BEIJING (Reuters) - China's economy likely grew 6.7 percent in the third quarter from a year earlier, the same pace as in the previous quarter, as increased government spending and a property boom offset stubbornly weak exports, according to a Reuters poll of 58 economists.
Chinese leaders have been battling to get the world's second-largest economy back on steadier footing even as they try to jumpstart painful and politically sensitive reforms to cut industrial overcapacity and growing debt.

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