World Stocks Reach New Peak as Fed-Focused Week Begins
00:15, Sep 21, 2017
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Gold rebounded from a two-week low to post a modest gain on Tuesday in reaction to a weaker U.S. Dollar.
Markets are pricing in a 56% probability of the Fed raising rates in December.
At 10:59 a.m. ET (1459 GMT), the Dow Jones Industrial Average was up 71.16 points, or 0.32 percent, at 22,339.5, the S&P 500 was up 5.83 points, or 0.233179 percent, at 2,506.06 and the Nasdaq Composite was up 20.94 points, or 0.32 percent, at 6,469.41.
The ICE U.S. Dollar Index DXY, -0.12% which measures the greenback against six of its rivals, was little changed on Wednesday morning at 91.767, on course for a second session of losses. "Given robust risk sentiment, a hawkish Fed surprise is likely to incite a sharp bound in the USD/JPY, which remains tied to the twists and turns of US interest rates", he said.
The market expects the Fed to be hawkish and it hopes that the Fed would not only give out a plan for the balance sheet adjustments but also keep the door open for another rate hike in December.
The Fed is widely expected to say it will start reducing its $4.5 trillion portfolio of government securities, while keeping its interest rates on hold.
Mark Zandi, chief economist at Moody's Analytics, said central bankers will "look through the economic impacts of Harvey and Irma, because they know they're temporary".
The most important event of the week for the US Dollar - and all of FX markets - comes today when the Federal Reserve meets for its September policy meeting, one of the four meetings per year that produces a new summary of economic projections (SEPs) containing the infamous 'dot plot, ' as well as a press conference from Fed Chair Janet Yellen.
U.S. Defense Secretary Jim Mattis hinted on Monday about the existence of military options on North Korea that might spare Seoul from a brutal counterattack.
NORTH KOREA: Markets are also watching Trump's United Nations speech on Tuesday for any mention of military options on North Korea following its latest missile launch. [GBP/] Sterling eased 0.1 percent to $1.3577.
Against the USA dollar and the euro, the kiwi dropped to 0.7303 and 1.6439 from an early 2-day highs of 0.7342 and 1.6349, respectively. Also, refineries were still restarting after recent storm activity. The euro was at $1.1998-2002, up from $1.1993-1993, and at ¥133.66-66, down from ¥133.97-98. Building permits rose by 5.7% to a rate of 1.3 million, slightly higher than an expected 1.22 million.
USA crude futures were down 1 cent at $49.90 per barrel, within sight of Thursday's almost four-month high of $50.50.
Shanghai gained 0.1 percent, while Singapore and Sydney each gained 0.2 percent. The front-month USA oil futures contract was holding onto $50 a barrel at 50.40 as higher than expected crude oil stocks were counterbalanced by a substantial draw in distillate stocks (-5.6 million barrels).
It promises to be arguably the fight of the century - or at least the decade. " Canelo right now is ready for 160 [pounds]". For Golovkin , the fight is the culmination of a long battle to establish himself as the top middleweight in the world.
Saturn's active, ocean-bearing moon Enceladus sinks behind the giant planet in a farewell portrait from NASA's Cassini spacecraft. The decision to end the mission was made because the probe would soon run out of fuel and become impossible to steer.
Later, she stabbed Rosemary La Bianca over a dozen times in addition to holding a pillowcase over her head as others stabbed her. A convicted murderer and follower of Charles Manson is once again on the verge of walking free.
ABC affiliate WFTS reported that the photo is an image from a Snapchat account belonging to one of the employees. The images caused an outpouring of rage on social media, with the nurses branded "cruel" and "disgusting".
And as we saw with Hurricane Harvey, even a downgraded hurricane or tropical storm can cause massive destruction and chaos. Central and southern Leeward Islands could see as much as 20 inches of rain, according to the National Hurricane Center .
Announced at the Frankfurt Motor Show , the company said it would be doubling its investment in zero-emissions vehicles. In exchange, China offers them an opportunity to exploit the enormous global market for electric cars .
Maybe that's not at all warranted considering it's still early days, but the mistakes continues to pile up and cost us dearly. Philippe Coutinho could also be given more match time , whilst Alex Oxlade-Chamberlain could start in central midfield.
The first-of-its-kind Pasta Passport to Italy has all the benefits of Pasta Pass plus a trip of a lifetime for two to Italy. Well, this year Olive Garden is thanking their most loyal fans by offering Pasta Passports to Italy .
The dollar retraced some of last week's decline against major peers as worries surrounding North Korea and hurricane Irma eased. It's caused severe flooding and knocked out power to millions, but the storm weakened shortly before it came ashore.
Taco Bell's chief operating officer credits millennials' moving into downtown areas helping to revitalize urban areas. And that certainly rings true as this isn't the first time Taco Bell has attempted to revolutionize its brand.
The original cast also performed exceptionally and this leads to some pretty heartwarming scenes and heartbreaking moments. The full look at Tatum's character, who's every flamboyant Southern stereotype rolled into one, is delightful.
Formula 1 Racing Odds: Singapore Grand Prix 9/14/17
Red Bull's Daniel Ricciardo topped the timesheets in both sessions , and teammate Max Verstappen was never far behind. Ferrari's Sebastian Vettel arrives for practice at the Marina Bay Street Circuit in Singapore this week.
Over 1.6 million in Florida lose power from Irma, utility says
That surcharge was capped at around $4 per month for the average residential customer, according to NextEra's 2016 annual report. FPL said on Tuesday it planned to restore power to eastern Florida by this weekend and to western Florida by September 22.
Hingis-Murray double up for title
Murray said he had enjoyed every minute of his time on court with Hingis. "He texted me and said well done", he told reporters. Open tennis tournament against Sania Mirza, of India, and Peng Shuai, of China, Friday, Sept. 8, 2017, in NY .
Atleast 90 dead after massive Mexican natural disaster
The powerful quake was felt as far away as the capital, Mexico City, sending residents out in the streets for fear of aftershocks. The natural disaster , which had a magnitude of 8 .1 on the Richter Scale, was the strongest to hit the region in 85 years.
Britain's Prince George heads off for first day of school
George's class will have 20 students, and will be taught ballet, French, art, drama, and music-apart from regular school subjects. It's not just for boys, either: The study found that sales for girls' shorts have risen 17 percent since previous year .