Ms. Yellen reiterated that an increase in interest rates “could well become appropriate relatively soon,” but offered no new signals about what action the central bank would take at its next meeting.
Tag Archives | Stock Markets
President-elect pledges to slash taxes, boost infrastructure spending being weighed against impact of protectionist policies on world economy.
Asset positions in aftermath of Trump election victory come under pressure for first time.
While banks, pharmaceutical companies, defense and industrial stocks are likely to gain from Trump’s proposals to simplify regulation and boost spending, his stance on limiting immigration and free trade run counter to some of the technology industry’s most basic interests.
In bond markets, investors were betting expansive fiscal spending and tax cuts translate to higher yields.
The Dow Jones Industrial Average rose more than 2% on Monday, its best day before an election since 1932.
S&P 500 up more than 1.5% after nine straight sessions of losses. The FBI said no new evidence was found to warrant charges against presidential candidate Hillary Clinton.
Markets boosted by court ruling that government needs parliament to vote on Brexit.
Tightening polls in the U.S. presidential race continued to steer market sentiment.
S&P 500 companies looked set to snap a long streak of quarterly earnings decline, with a number of companies reporting strong results. Profits are expected to have risen 3.1%.