Michael's Feed
May 21, 2015

Wall Street up as near-term rate-hike prospects fade; oil jumps

NEW YORK (Reuters) – Global equity markets rose on Thursday, with Wall Street’s S&P 500 index closing at a record high as investors bet that U.S. interest rates won’t rise soon, while oil jumped more than 2 percent on the view that a global glut may be starting to ease.

Brent crude topped $66 a barrel. [O/R] The dollar slipped and U.S. Treasury yields declined. Trading was muted in many North American markets a day ahead of a speech by Federal Reserve Chair Janet Yellen, who investors watch for indications of how soon the Fed will raise U.S. interest rates from near zero.

May 21, 2015

Stocks edge up as U.S. yields, dollar ease

NEW YORK (Reuters) – Equities markets inched ahead on Thursday, with investors brushing aside mixed economic data in Europe and the United States, while the dollar slipped after a three-day rally and U.S. Treasury yields declined.

Oil prices rose, with Brent crude topping $66 a barrel on signs a global supply glut may be starting to ease.

May 21, 2015

U.S., euro zone business growth slower, China contracts

LONDON/NEW YORK (Reuters) – U.S. and euro zone business growth slowed in May while China’s factory sector contracted again, reinforcing the need for major central banks to continue supporting economic growth.

The U.S. Federal Reserve is seen unlikely to tighten monetary policy in June since the world’s biggest economy barely grew at the start of the year.

May 20, 2015

Dollar up, bond yields fall as Fed rate hike appears further out

NEW YORK, May 20 (Reuters) – The dollar rose and U.S.
Treasury yields fell on Wednesday after minutes from the latest
Federal Reserve meeting bolstered expectations that U.S.
interest rates will remain near zero until later in 2015.

The minutes, released ahead of a much anticipated speech on
Friday by Fed Chair Janet Yellen, showed that many officials at
the April 28-29 meeting believed it would be premature to raise
rates in June. Officials were concerned about soft consumer
spending, though most Fed members expect the U.S. economy to
pick up pace after a slowdown in the first quarter.

May 20, 2015

Wall St, dollar rise as June rate-hike prospects dim

NEW YORK, May 20 (Reuters) – Wall Street and the dollar rose
on Wednesday after minutes of a Federal Reserve policymakers
meeting last month bolstered bets that the first U.S.
interest-rate hike in more than a decade will not come until
later in 2015 at the earliest.

According to the minutes, released ahead of a much
anticipated speech on Friday by Fed Chair Janet Yellen, many
officials at the April meeting believed it would be premature to
raise interest rates in June.

May 20, 2015

Greek warning knocks euro, stocks steady

NEW YORK, May 20 (Reuters) – The euro slid to two-week lows
on Wednesday after a Greek official said the country may miss a
debt repayment, while U.S. and European equity markets held near
recent highs as traders awaited signals on Federal Reserve
interest rate shifts.

U.S. Treasuries inched up on safe-haven buying caused by
worries that Greece may be unable to make a 300 million euro
repayment to the International Monetary Fund on June 5 unless
foreign lenders distribute more aid.

May 20, 2015

Euro slips on Greek worries, stocks steady

NEW YORK (Reuters) – The euro slid to two-week lows on Wednesday after a Greek official said the country may miss a debt repayment, while U.S. and European equity markets held close to recent highs as traders awaited signals on Federal Reserve interest rate shifts.

U.S. Treasuries inched up on safe-haven buying caused by worries that Greece may be unable to make a 300 million euro repayment to the International Monetary Fund on June 5 unless foreign lenders distribute more aid.

May 19, 2015

Equities gain, euro slumps as ECB eyes faster bond buys

NEW YORK, May 19 (Reuters) – U.S. and European equities rose
to trade near record highs on Tuesday, and the euro tumbled on
signals the European Central Bank may accelerate its 1 trillion
euro bond-buying program over the next two months.

The dollar gained 1.5 percent against the euro and was
broadly ahead for a second day, while U.S. Treasuries prices
fell after data showed that U.S. housing starts in April rose to
the highest in nearly 7-1/2 years.

May 19, 2015

Equities up and euro sags as ECB eyes faster bond buys

NEW YORK, May 19 (Reuters) – U.S. and European equities
traded near record highs on Tuesday, and the euro tumbled on
signals the European Central Bank may accelerate its 1 trillion
euro bond-buying program over the next two months.

The dollar gained 1.6 percent against the euro and was
broadly ahead for a second day, while U.S. Treasuries prices
fell, pulling down yields after data showed that U.S. housing
starts in April rose to the highest in nearly 7-1/2 years.

May 19, 2015

Equities gain, euro tumbles as ECB hints at faster debt purchases

NEW YORK (Reuters) – Equities around the world jumped on Tuesday and the euro tumbled on signals the European Central Bank may accelerate its 1 trillion euro bond-buying program over the next two months.

The dollar gained 1.6 percent against the euro and was broadly ahead for a second day, while U.S. Treasuries fell on government data showing that U.S. housing starts in April rose to a nearly 7-1/2 year peak.