Economy

US Indices end on a mixed Note post Federal Reserve announcement

US Indices end on a mixed Note post Federal Reserve announcement”

Stocks inched higher in Asia on Thursday, tracking muted gains on Wall Street overnight even as the Federal Reserve signaled an optimistic view of the US economy.

"Still, it would not be surprising if some investors used the uncertainty as a reason to take profits after recent strong gains", she said.

Meanwhile, New Zealand's NZX 50 Index rebounded 0.2% after bucking gains in the region Wednesday. Australia's S&P/ASX 200 edged 0.1 percent lower to 5,931.70. Stocks in Singapore elsewhere in Southeast Asia were mixed.

US Federal Reserve made a subtle upgrade in the assessment of the economy, reinforcing expectation on the December interest rate hike. President Donald Trump is expected to name a successor to Fed Chair Janet Yellen later Thursday. "I think you'll be extremely impressed by this person", Trump said, according to a White House transcript of the meeting.

Asian shares were narrowly mixed on Thursday after Wall Street closed mixed in the last session.

At 0600 GMT, the S&P BSE Sensex rose 0.13 percent at 33,644 while the broader NSE Nifty added 0.06 percent to 10,446. The Dow Jones industrial average gained 0.3 percent to 23,435.01. The contract settled at $54.30 per barrel on Wednesday, down 8 cents.

But NTPC lost 1.3 percent after 18 people were killed and up to 100 injured in an boiler blast in state-run NTPC's Unchahar power plant in Raebareli, Uttar Pradesh.

Crude oil futures firmed, with Brent crude LCOc1 up 14 cents at $60.63 per barrel and US crude CLc1 up 3 cents at $54.33. Brent crude, the worldwide standard, gained 8 cents to $60.57 per barrel in London.

U.S. Treasury yields fell further on Wednesday and the yield curve was its flattest since 2007 after the Treasury Department said it would keep auction sizes steady in the coming months, despite the Fed's plan to reduce its bond holdings.

CURRENCIES: The dollar rose to 113.90 Japanese yen from 113.71 yen late Wednesday.



Like this

Latest


02 November 2017
Sizing Up Earnings Yield & Quant Scores For ImpediMed Limited (ASX:IPD) Shares
The VC1 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings. This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized.

02 November 2017
PMQs: Corbyn attacks May over failure to tackle tax avoidance
Under pressure to demonstrate her government was serious about fighting evasion, May said the Conservatives had taken action in relation to the overseas territories.

02 November 2017
Acorda Therapeutics, Inc. (NASDAQ:ACOR) Expected To Report Earnings On Tuesday
The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. The biopharmaceutical company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.26).

02 November 2017
HTC announces two new U11 smartphones: Life and Plus
It ships with Android 8.0 Oreo straight out of the box; it's also the first "Android One"-certified smartphone encountered". Though here, as with the U11, it can either trigger Google assistant or Alexa, rather than having to call them out by name.

02 November 2017
Raila and Uhuru's teams dismiss church's proposal to solve Kenya's political crisis
Protests have killed at least nine people since the election, further exposing the divisions roiling East Africa's economic hub. Odinga withdrew from the repeat poll claiming reforms demanded by the opposition had not been made to the electoral commission.

02 November 2017
CRPF personnel injured after terrorists attack convoy in Jammu and Kashmir
The Lashkar-e-Taiba (LeT) claimed responsibility for the attack in Lazibal area of Anantnag . A search operation has been launched to track down the assailants.

02 November 2017
Sarah Huckabee Sanders denies that White House supports slavery
CNN White House reporter Jeremy Diamond noted that Sanders' JFK/Kennedy mistake was perhaps the least thing wrong with her defense of Kelly's statements.

02 November 2017
Ravens announce Danny Woodhead has returned to practice
He created mismatches, and his return would be a huge boost to what has been a struggling Baltimore Ravens offense. We saw that when he had three catches for 33 yards on the opening drive against the Bengals in Week 1.

02 November 2017
Earnings Approximations to Watch: Annaly Capital Management, Inc. (NLY), Lennar Corporation (LEN)
Currently, 232.45 million total shares are owned by the public and among those 209.42 million shares have been available to trade. ValuEngine cut Annaly Capital Management from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 26th.

02 November 2017
Protect your family from carbon monoxide this winter
"As colder weather arrives, we start seeing more carbon monoxide poisonings", said Sharon Nelson, Monroe County health officer. Williams also says the best advice she can give is to make sure that you have a working Carbon dioxide detector in your home.