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Fed lifts stocks to record high and investors eye earnings boost

During the night, Global Stocks scaled record highs, with Asian Equities rising for the fifth straight session, as signs the Federal Reserve will pursue a gradual rate-tightening path and hopes of a strong earnings season lifted appetite for risk assets. Japan’s

Markets stabilize as investors wait for Yellen testimony

Early yesterday, the Dollar steadied against its major peers as a surge in sovereign Bond Yields paused, with investors awaiting comments from Federal Reserve Chair Janet Yellen due today and Thursday, for fresh cues on policy direction. Meanwhile, San Francisco Federal

ECB open to further steps toward slow stimulus exit

Last Thursday, the Euro rallied against its US counterpart after the minutes from the European Central Bank’s (ECB) June 7-8 meeting showed that the Central Bank left the door open to removing its Bond-buying pledge. ECB officials already discussed taking out

Market steadies, awaiting more Central Bank cues

Yesterday, the Dollar stabilized against its major peers early after the Federal Reserve’s policy meeting minutes on June 13-14 showed a rift among policymakers over the pace of future US rate increases with signs of inflation fading. Several officials wanted to

Australia’s Central Bank holds rate unchanged

Yesterday, the Australian Dollar sank against its US counterpart early, after the Reserve Bank of Australia (RBA) finished its July policy meeting with rates staying at a record low of 1.5%, where it has been since August last year and signaled

Euro poised for best quarter in seven years

Last week on Friday, the Euro traded near a 14-month high and was on track for its best quarter in nearly 7 years, lifted by growing expectations that the ECB is preparing to scale back its monetary stimulus. The Euro has

Bank of England Opens Door To Rate Hike

Early on Thursday, Sterling jumped to a three-week high of 1.2975 against the US Dollar after Bank of England Governor Mark Carney said that the Bank was likely to raise interest rates as the British economy comes closer to operating at

Cyber attack sweeps globe, researchers see ‘WannaCry’ link

A major global cyber-attack occurred at Russia’s biggest Oil company, Ukrainian banks and multinational firms with a virus similar to the one that infected more than 300,000 computers last month. Businesses in the Asia-Pacific region reported some disruptions today with the

Canadian Dollar rebounds on strong retail sales

Last week, the Canadian Dollar strengthened against its US counterpart supported by higher Oil prices and stronger than expected domestic retail sales data, which boosted expectations for an interest rate hike in July from the Bank of Canada. Retail sales rose

Pound rises up as Andy Haldane backs BoE rate rise

On Wednesday, Sterling surged briefly above $1.27 against its US counterpart, reversing a drop below $1.26 on comments from Bank of England (BoE) policymaker. BoE Chief Economist Andy Haldane struck a more hawkish tone than BoE Governor Mark Carney and said