Mon Mar 14, 2016/Reuters By Lisa Twaronite Asian shares began a central-bank focused week on firm footing on Monday, buoyed by gains on Wall Street as well as glimmers of strength in weekend data from China. Financial spreadbetters expected Britain’s FTSE 100 .FTSE to open 0.3 percent higher. Germany’s DAX […]
Tag: Federal Reserve
Wall Street gains as factory data shines amid oil gloom
Thu Feb 25, 2016/Reuters By Abhiram Nandakumar Wall Street was little changed in choppy trading on Thursday, breaking away from sliding oil prices, as strong U.S. durable goods data pointed to a recovery in the struggling manufacturing sector. Orders for U.S. durable goods rose more than expected in January, as […]
Wall St. up as Yellen revives rate hike hopes
Wed Feb 10, 2016/Reuters By Abhiram Nandakumar U.S. stocks gained on Wednesday after Federal Reserve Chair Janet Yellen said conditions in the United States would allow for “gradual” rate hikes, and as technology stocks rebounded. However, Yellen acknowledged that the weakness in the global economy could knock the U.S. economy […]
