Dollar firms on Powell caution; kiwi eases after dovish cenbank – Yahoo Finance
Kevin Backlund TOKYO (Reuters) – The dollar rebounded from a three-week low on Tuesday after Federal Reserve Chairman Jerome Powell sounded cautious about when the U.S. might cut interest rates, helping to push the dollar higher. The New Zealand dollar weakened after the central bank expressed confidence that inflation will return to its target range […]
S&P 500 and Nasdaq notch record highs as Nvidia gains – Yahoo Finance
(Reuters) – The S&P 500 and Nasdaq closed at record highs on Tuesday, helped by gains in Nvidia shares, after Federal Reserve Chairman Jerome Powell told lawmakers that further “favorable” economic data would strengthen the case for cutting interest rates. AI chipmaker Nvidia rose 2.5%, offsetting declines in other chip stocks. Microsoft fell 1.4%, while […]
Bitcoin’s Mt. Gox Swings Add to Signs of Rocky Crypto Rebound – Yahoo Finance
(Bloomberg) — Bitcoin has plunged again on concerns that creditors of the collapsed Mt. Gox cryptocurrency exchange may sell the token, raising doubts about whether momentum remains in the cryptocurrency bull market that began last year. Most read articles on Bloomberg The largest digital asset fell 5.2% on Monday, dropping about $19,000 from its March […]
Euro slips on French gridlock; dollar weak after payrolls surprise – Yahoo Finance
Kevin Buckland and Amanda Cooper TOKYO/LONDON (Reuters) – The euro recovered overnight losses to stabilize on Thursday, while the dollar weakened, after France’s general election showed signs of a divided government. The dollar continued to trend lower after Friday’s unexpectedly weak U.S. employment data strengthened expectations that the Federal Reserve will soon start cutting interest […]
French stocks retreat as election result sows fiscal worry – Yahoo Finance
(Bloomberg) — French markets erased initial losses as investors speculated that an election that failed to deliver a clear majority would force the next government to make compromises and back off its most extreme policies. Most read articles on Bloomberg The CAC 40 index rose 0.2% after dropping 0.6% at the open. French government bonds […]