Wall St rises as market takes a relook at ECB chief's comments
Jun 29, 2017, 15:30
In currency markets, the dollar was down 0.1% versus the pound at 0.7798 and 0.3% lower against the euro at 0.8794 as the single currency was lifted by comments from European Central Bank chief Mario Draghi on Tuesday suggesting that the Bank would slow down or even withdraw economic stimulus.
U.S. stocks accelerated their losses after SenateRepublican leader Mitch McConnell made a decision to put off a planned vote on a bill to dismantle the Affordable Care Act until after the Senate's July 4 recess, to get more time to garner sufficient votes for its passage.
"European currencies have surged, led by Euro on hawkish comments by ECB president Draghi, while the NZD has underperformed", said Jason Wong, currency strategist at Bank of New Zealand, in a note. Yields on 10-year Treasury debt also fell on June 14.
In Asia overnight, MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.4 percent as it pulled back from a two-year high hit on Monday.
The tech sector, which has been under pressure recently due to lofty valuations, was up 0.81 percent. The GBP/EUR rate has hit lows of 1.1260 this morning, while the Euro traded through 1.1350 versus the Dollar, as Draghi suggested there is room for the European Central Bank to move away from an ultra-accommodative monetary policy.
The healthcare legislation, which has encountered resistance from several Republicans, is the first plank of President Donald Trump's domestic policy agenda, with investors eager for him to move onto his other plans, including tax cuts, infrastructure spending and deregulation.
Speaking in London, Federal Reserve Chair Janet Yellen did little to suggest USA policy makers have altered plans for a third interest rate hike later this year, saying "it will be appropriate to the attainment of our goals to raise interest rates very gradually".
EC issues notification for President's election
Earlier, the notification for the Presidential elections has been released by the Election Commission of India. A candidate needs to secure a certain quota of votes which is 50 percent of the valid votes polled +1.
Airport incident will be probed, says Raju
Raju has, however, refuted the allegations and said he will ensure that lawful outcomes follow. Earlier in the day, Raju refuted reports that he helped Reddy from getting a boarding pass.
That provoked the banking world's single biggest cheerleaders for a stronger dollar, Deutsche Bank, to abandon calls for a stronger USA currency and instead call the end to a dollar rally dating back to 2014.
Michael Cloherty, a strategist at RBC Capital Markets, said: "Even when it is market specific news to Europe, it affects pricing in the USA". "Yet the currency soon received a second wind, hitting a 12-month high against the U.S. dollar following news that the Republicans had pushed back the Senate healthcare vote due to intra-party opposition", he added.
The U.S. dollar fell to 0.9601 Swiss franc from 0.9717 Swiss franc, and it edged down to 1.3174 Canadian dollars from 1.3245 Canadian dollars.
The Dow slid as declines in shares of Verizon and those of Microsoft, recently down 1.7 per cent and 1.3 per cent respectively, outweighed gains in shares of JPMorgan Chase and those of Home Depot, recently up 1.3 per cent and 1 per cent respectively. It was at $1.1324 recently, down 0.1% on the day.
The 30-year bond last fell 21/32 in price to yield 2.7743 percent, from 2.744 percent on Tuesday.
Spot gold XAU= added 0.5 percent to $1,250.04 an ounce.
General Mills rose 1.6 percent to $56.46 after the Cheerios maker's quarterly profit beat estimates.
Temple police say the legs of her 37-year-old father were amputated when he tried to help his daughter. The Crotty Funeral Home in Belton will cover the expenses of the 4-year-old's funeral for the family.
West Texas Intermediate crude July contract was at $44.48 a barrel by 3:55AM ET (0755GMT), down 25 cents, or around 0.6%. It reported that USA crude oil inventories fell by 1.7 MMbbls (million barrels) to 511.5 MMbbls on June 2-9, 2017.
It was noted, "the amendment of the Russian Federation will be attached to the pending bill on sanctions against Iran". Rand Paul, R-Ky., joined Bernie Sanders, I-Vt., as the only two legislators voting against the new bill.
Multiple reports surfaced stating that Hague had passed away Saturday morning, but his sister has since refuted those reports. Former UFC heavyweight Tim Hague died today after suffering a knockout loss in a boxing match on Friday night in Canada.
The email scanning practice had been considered controversial because it was intrusive and infringes on privacy. Google says that it wanted to "more closely align" its business and consumer product reports The Guardian .
So this stay order raises a big question mark for those who think Court will use the case to rein in partisan gerrymandering. If Democrats come up just short in a lot of other districts, they're saying they wasted those votes as well.
Ricardo Quaresma opened the scoring for Portugal in the 34th minute on a magical assist from Portuguese star Cristiano Ronaldo . Portugal had a first-half goal against Mexico chalked off in the Confederations Cup after the action was reviewed on video .
They were chosen in Pittsburgh and bused 300 miles to suburban Philadelphia, where they are sequestered until the trial's end. Attorney Gloria Allred confirmed that a civil case against Cosby is scheduled to start later this month in California .
The president is nonetheless angered by the investigation, which he has described as a "witch hunt", The New York Times reported . When West Virginia Senator Joe Manchin asked Rosenstein if Mueller could be "terminated without cause", Rosenstein said "yes".
Spithill skippers Oracle to 1st win in America's Cup
Despite the Kiwis' dominant win, Team U.S.A. looked faster than it had when it was humbled in four races last weekend. Near the top of the course, it was still very close, with a split at the gate and a 12-second lead to Spithill.
Study links legalized pot with increase in car crash claims
They compared these rates to those of eight control states that had not enacted any significant changes in their marijuana laws . For example, crash reports in Colorado are 14 percent higher than in nearby states where marijuana remains illegal.
Sears closes another 20 stores
It will remain open as Sears Canada Group closes down 59 of its 225 stores across the country. The company is not releasing how many people will be laid off, he said.
Badminton: Unseeded players dominate Indonesia Open semis
Son moved to a 13-10 lead after the interval but Srikanth slowly levelled par at 14-14 with a clever shot on Sons forehand. Prannoy secured quarterfinals after trashing the defending champion Lee Chong Wei from Malaysia in the qualifying round.
Fairbanks Relay for Life raises over $100K
- Head to the Goshen High School track and take a walk alongside cancer survivors, caregivers, volunteers, and community members. Funds that are raised and donations made all go to cancer research and education, patient help or support and treatment programs.
Heat stroke vs. heat exhaustion: Warning signs you need to know
The high for Monday will be 101, Tuesday's high is expected to be near 105 degrees and Wednesday is expected to reach 106 degrees. A ridge of high pressure centered over Southern California is to blame, said Will Pi, a meteorologist with the weather service.
Nevada governor to sign net metering revival bill tomorrow
The Nevada legislature earlier this year passed two additional renewable energy bills, Assembly Bill 206 and Senate Bill 392. Senate Bill 392 instructs the Public Utilities Commission to adopt standards for the operation of community solar gardens.
Texas congressman's staffer among those wounded in shooting
Hodgkinson opened fire shortly after 7 a.m. and top House Republican , Steve Scalise of Louisiana, was among those injured. Click below for some of the comments from Congressman Roger Williams , recorded from his Twitter feed @RepRWilliams.
Dale County DHR strives to stop elder abuse
Athletics great Sir Peter Snell has become a patron of a programme to raise awareness about senior issues including elder abuse . Thursday marked World Elder Abuse Awareness Day , which aims to start conversations about the vulnerability of the elderly.