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US stocks, dollar gain as Yellen talks rate hike

Edit The Times of India 27 May 2016
New York, May 27, 2016 (AFP) -. US stocks and the dollar climbed Friday after Federal Reserve Chair Janet Yellen implied that interest rates could be lifted soon. Yellen's much-anticipated remarks came after European markets had already closed with modest gains ... The euro fell to $1.1113 from $1.1194 on Thursday, while the dollar also advanced on the yen and the pound ... New York - Dow ... New York ... DOWN at $1.1113 from $1.1194 on Thursday....

Dollar Faces Yellen Test on Path to Biggest Advance in 16 Months

Edit Bloomberg 27 May 2016
The dollar’s best month in more than a year faces one last hurdle. Janet Yellen speaks on Friday and any hint of dovishness could spur a reversal for the greenback ... in Auckland ... The dollar was at $1.1192 per euro from $1.1194 on Thursday in New York, on track for a 0.3 percent weekly gain ... ....

Tokyo shares open higher following inflation data

Edit The Times of India 27 May 2016
Tokyo, May 27, 2016 (AFP) -. Tokyo shares opened higher Friday, after a release of Japan's latest inflation data that showed that prices fell 0.3 percent in April on-year, largely in line with market expectations ... The euro fetched $1.1193 and 122.78 yen against $1.1194 and 122.86 yen. kh/as. Bookmark or read stories offline - Download the TOI app ... RELATED....

Yen edges up after G7 vows against forex market intervention

Edit The Times of India 27 May 2016
Tokyo, May 27, 2016 (AFP) -. The yen ticked up in thin trading against the dollar and euro Friday after the G7 reaffirmed previous commitments not to intervene in foreign exchange markets ... "We underscore the importance of all countries refraining from competitive devaluation" of their currencies, the G7 said in a final statement ... The euro edged lower to 122.83 yen and $1.1192 from 122.86 yen and $1.1194 in US trade ... dhl/eb ... RELATED....

Dollar extends gains on Yellen talk of rate hike

Edit The Times of India 27 May 2016
New York, May 27, 2016 (AFP) -. The dollar powered higher Friday after Federal Reserve Chair Janet Yellen said the US economy was improving enough to support an increase in interest rates "probably in the coming months." ... "The economy is continuing to improve," Yellen confirmed. "Growth looks to be picking up.". In that case, she said, "probably in the coming months such a move would be appropriate." ... EUR/USD 1.1113 1.1194 ... bur-chr/vs/pmh....

Global stocks cautious ahead of Yellen speech

Edit The Times of India 27 May 2016
London, May 27, 2016 (AFP) -. European equities steadied Friday after modest gains in Asia, with caution prevailing ahead of a speech from US central bank chief Janet Yellen. At about 1045 GMT, London, Paris and Frankfurt were flat, with investors uninspired in the absence of major European corporate or economic news ... He added ... - G7 warns on Brexit - ... - Key figures around 1045 GMT - ... FLAT at 10,273 ... DOWN at $1.1173 from $1.1194 on Thursday....

Janet Yellen: Rate rise likely appropriate in 'coming months'

Edit The Times of India 27 May 2016
WASHINGTON. Chances of a Federal Reserve interest rate increase by July rose significantly Friday when Fed Chair Janet Yellen said a hike could be justified "in the coming months." ... "The economy is continuing to improve," Yellen confirmed. "Growth looks to be picking up." ... The dollar added to earlier gains to hit $1.1113 against the euro, compared with $1.1194 late Thursday ... Stay on top of business news with The Economic Times App....

Yellen: Rate rise likely appropriate in 'coming months'

Edit The Times of India 27 May 2016
Washington, May 27, 2016 (AFP) -. Chances of a Federal Reserve interest rate increase by July rose significantly Friday when Fed Chair Janet Yellen said a hike could be justified "in the coming months." ... "The economy is continuing to improve," Yellen confirmed. "Growth looks to be picking up." ... The dollar added to earlier gains to hit $1.1113 against the euro, compared with $1.1194 late Thursday ... - Consumer sentiment rises - ... pmh/vs....

Global stocks cautious ahead of US Fed chief speech

Edit The Times of India 27 May 2016
London, May 27, 2016 (AFP) -. World stock markets steadied Friday, with caution prevailing ahead of a speech by US central bank chief Janet Yellen that could shed more light on a coming rate hike. A modest upgrade to US economic growth at the start of the year sent US shares marginally higher shortly after opening ... However equities reached their highest level for the month ... - G7 warns on Brexit - ... DOWN at $1.1149 from $1.1194 on Thursday....

Slow into the long weekend

Edit World First 27 May 2016
Good morning,. Pound eases off into purdah. After two days of strong Brexit-related gains the pound took a breather yesterday and looks set to do so today with a hefty amount of drift in these markets ... It stands to reason therefore that traders and investors remain reticent to commit too much to these markets without seeing where these rather large chips fall. Japan gets little backing for increased spending ... EURUSD 1.1172 1.1194 ... E&OE; ... ....

Asia stocks remain cautious ahead of Yellen speech

Edit The Times of India 27 May 2016
Hong Kong, May 27, 2016 (AFP) -. Asia stocks tilted slightly upwards Friday but remained cautious ahead of a speech from the US central bank head and after a weak lead from Wall Street as oil pulled back below $50 a barrel ... "The market is off to a good start this morning ... Elsewhere Sydney was up 0.5 percent while Seoul added 0.3 percent and Taiwan gained 0.4 percent ... - G7. Brexit a 'serious risk' - ... UP at $1.1187 from $1.1194 on Thursday....

Euro gains on dollar for second day

Edit The Times of India 26 May 2016
New York, May 26, 2016 (AFP) -. The euro pushed higher against the US dollar for a second day Thursday even as odds appeared to rise for a Federal Reserve rate hike in the next few months. The euro's gain remained modest. The common currency bought $1.1194, up from $1.1154 Wednesday. The greenback also slipped to 109.76 yen from 110.21 yen ... The first estimate came in at a disappointing 0.5 percent annual rate ... EUR/USD 1.1194 1.1154....

Global markets pause as two-day rally loses steam

Edit The Times of India 26 May 2016
New York, May 26, 2016 (AFP) -. A two-day global stocks rally showed signs of fatigue Thursday as oil prices briefly breached $50 a barrel before pulling back. Bourses in Paris and Frankfurt mustered 0.7 percent gains, but stock indices in London, New York and Tokyo finished with minor moves. The pause came ahead of key US economic data Friday and a speech by US Federal Reserve Chair Janet Yellen ... UP at $1.1194 from $1.1154 on Wednesday....
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