At Jackson Hole, Yellen defends post-crisis regulations
At Jackson Hole, Yellen defends post-crisis regulations
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A Porsche production plant in Stuttgart Germany. The ZEW survey of German economic sentiment is due Tuesday
25 Agosto, 2017, 21:28
Overnight, gold prices were flat amid thin trading volumes as market participants awaited clues on monetary policy from a central banking symposium in Jackson Hall which got underway on Thursday.
The dollar fell to a three-week low against the euro and a one-week trough versus the yen on Friday after Federal Reserve Chair Janet Yellen made no reference to US monetary policy in her speech at the annual central bank research conference in Jackson Hole, Wyoming.
On the face of it, Draghi has every reason to begin talking up a tapering to the asset purchasing program, but there seems to be some continued concern over a sharp acceleration in the Euro, and perhaps justified when considering the lack of support that the Dollar has received through the year.
Aviva Plc's shares edged up 0.5 percent. Other majors also weakened with the kiwi underperforming as it tumbled to more than a two-month lows against the greenback. At the same time, some investors think that Yellen may announce the dates of the next monetary policy tightening during the Jackson Hole summit. "Apparently this is seen as dovish although with zero detail it's hard to really say either way", said Neil Wilson, senior market analyst at ETX Capital in a note.
CURRENCIES: The dollar rose to 109.31 yen from 109.04 yen.
The weakness in services in Europe is more than made up by the rise back in manufacturing, but there is little sign of inflation - and that remains the key focus for most investors, traders and central bankers. Futures also recorded a decline of 0.4 per cent and ended trading on Tuesday at $1,291.
Spot gold was up 0.1 per cent at $1,285.30 an ounce by 0555 GMT, after shedding 0.5 per cent in the previous session. We were told by unnamed sources from the European Central Bank (ECB), that Mr Draghi will not be laying down the groundwork for the tapering of the stimulus package. "With the lack of tier one economic data, investors are bracing for some hints from the annual central bank gathering at Jackson Hole".
"Market expectations for a December Fed rate hike have sunk quite low and there is room for improvement".
Kansas City Fed President Esther George, who hosts the prestigious event, said in an interview with Bloomberg Television broadcast Thursday that if USA economic data hold up, there will probably be an opportunity to raise interest rates again in 2017.
The kiwi took a hit this week after the New Zealand government downgraded the country's growth outlook for this fiscal year and next. This has caused new home sales to tumble to their lowest level in 7 months.
That was not the message Trump got from his chief military advisers, Defense Secretary Jim Mattis, national security adviser H.R. All our enemies had to do was wait us out and, in the meantime, kill as many Americans as they could.
Texas activated 700 National Guard troops, and disaster declarations have already been issued in 30 counties. The storm killed 21 people in Texas, Louisiana and Arkansas, and caused widespread destruction.
For a while there, it looked like Warner Bros. had finally got their sprawling and beleaguered #DCEU under control. Batman is the coolest character in any universe - DC, Marvel and I'm so thrilled to do it.
To get rid of the snakes - terrorists - at the bottom of the garden, we could dispel narrow American perception against Pakistan. So they kept dragging the war on and on. "Help build a better future for this country and your own children".
And we need the global community to step up and say, look, if we're going to do this, we're doing it together. Other regional players with strong interest in Pakistan , such as China, should join this effort, he added.
For Rusev , he might be wishing he was still stuck on the injured list after being fed to the lions since his return. Randy Orton has lost a lot of matches to Jinder Mahal recently so I understand him getting a win - but not this way.
OIL: Benchmark U.S. crude oil fell 17 cents to $48.24 per barrel in electronic trading on the New York Mercantile Exchange. US stocks were heading for modest gains at the open with Dow futures and the broader S&P 500 futures up 0.2 percent.
A prolonged military campaign in Afghanistan has resulted in destruction and killing of hundreds of thousands of Afghan civilians. That is a critical element of the South Asia strategy, the official told reporters during a conference call.
His fifth pass was the first in which he tried to push the ball downfield, and he badly overthrew his intended receiver. Following the team's 12-8 loss against the Buccaneers, Bortles left the locker room without speaking to the media.
Yankees reliever Aroldis Chapman had finished his warmup pitches when Cabrera approached home plate and traded words with Romine. The whole issue stems from multiple on-field altercations between the Tigers and Yankees earlier in the season.
China on Thursday said that it valued Pakistan's role in the Afghanistan issue and respects its sovereignty and security concerns. Similarly, in the past U.S. used the soil of Pakistan to fight its war against the erstwhile Soviet Union in Afghanistan .
A White House spokesman said there are now 470,000 veterans waiting to hear a decision on their appeal claims. McCain was one of three GOP senators to vote against a Republican bill to overhaul parts of Obamacare .
Katy Perry ft. Nicki Minaj
Halfway through the video , we are graced with Nicki Minaj's presence, which is the video's saving grace. As Katy and The Tigers celebrate their win it's clear what the message of the whole song is.
Cohn calls on Trump to crack down on neo-Nazis
Last week, the influential GOP senator issued one of his strongest rebukes of Trump's leadership thus far in his presidency. UPS (UPS) is one of the businesses pushing for tax reform in order to level the playing field for American businesses.
Hamilton rules out Vettel pairing
The Belgian kept his cards close to his chest, only confirming already-established details and not revealing anything new. But it's only Friday and we'll keep working hard like in any Friday, improving to see where we end up tomorrow.
Pakistan using India as excuse to pursue Afghan policy
The military is unlikely to consider geopolitical concerns in its equations, focusing more towards on-the-ground efforts. It was no accident that, in his speech, Trump talked about its mutual interests with India , a competitor of Pakistan.
Florida executes death-row inmate with new drug
Court documents originally identified McDowell as a black man, though it later was revealed that he was white or Latino. Asay was a known white supremacist, and reportedly threw racist comments at both of his victims before killing them.
Samsung heir jailed for five years on corruption charges
The prosecution also claimed that Lee attempted to hide criminal proceeds in the process of purchasing horses for Choi's daughter. Lee Jae-yong , heir apparent and de facto chief of global electronics giant Samsung, was jailed on Friday for five years.
Eco-friendly idols One with nature
It begins on the fourth day ( chaturthi ) of the month of Bhadrapada (August-September), the sixth month of the Hindu calendar. Ganesh, the son of Lord Shiva and Parvati, is known as the remover of obstacles and the god of new beginnings.
Thai court to rule on Yingluck's rice subsidy case
She would be on the run for the rest of her life, as Thaksin has been, living in self-exile overseas for nearly 10 years now. Hundreds of her supporters turned up outside the Supreme Court in Bangkok on Friday, amid a heavy police presence.