WASHINGTON, Feb 5 (Reuters) - The U.S. House of Representatives is expected to vote on Tuesday on a short-term measure to fund the federal government through March 23 and avert another shutdown, Republican House members said on Monday.The measure would fund most government agencies and contain a year of defense funding as well as two years of funding for community health centers, the Republican re...Read More
* PREVIOUS TRADING SESSION MOVES:* SSEC +0.7 pct, CSI300 +0.1 pct, HSI -1.1 pct* Shanghai->HK daily quota used 71.9 pct* HK->Shenzhen Connect daily quota used 1.3 pct, Shenzhen->HK daily quota used 25.6 pct* CNY official close 6.294 per dollar* FTSE China A50 +0.5 pct, BNY Mellon ADR China Select Index -2.1 pct SHANGHAI, Feb 6 (Reuters) - Following is a list of recent corporate and polic...Read More
TOKYO, Feb 6 (Reuters) - Japan's Nikkei share average dived on Tuesday morning to a level not seen since late October after Wall Street plunged overnight on concerns about rising bond yields and potentially rising inflation.The Nikkei fell to as low as 21,698.52, and was down 4 percent in early morning.The broader Topix fell 4.3 percent to 1,745.79. (Reporting by Ayai Tomisawa) Disclaimer: The vi...Read More
Feb 6 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily.** Indicates new events ----------------------------------------------------------- TUESDAY, FEBRUARY 6 SYDNEY - Reserve Bank of Australia...Read More
Feb 6 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS6-FebUnited States Sale of 3-year notes6-FebBelgium Auction of Treasury bills7-FebGermany Auction of 10-year Federal bonds7-FebUnited States Sale of 10-year notes7-FebJapan 6-month discount bill auction7-FebSwedenAuction of government bond...Read More
Feb 6 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- TUESDAY, FEBRUARY 6 LONDON - Elisabeth Stheeman, newly appointed external member of the Bank of...Read More
By Gertrude Chavez-DreyfussNEW YORK, Feb 5 (Reuters) - Scottish entrepreneurs Doug Barrowman and Michelle Mone are seeking to raise about $80 million in a token offering next month to finance an investment platform that they say should open up venture capital investing to a wider audience.EQUI is a web-based application on the popular Ethereum blockchain. Projects are showcased on the platform and...Read More
SEOUL, Feb 6 (Reuters) - South Korea has scrapped the implementation of a proposed widening of capital gains tax on foreign buyers of Seoul stocks, the finance ministry said in a statement on Tuesday.In its annual tax code revision in August 2017, South Korea said it was seeking to extend the tax base to take in moreforeign investors and larger shareholders. The August 2017 draft proposed to lower...Read More
NEW YORK, Feb 5 (Reuters) - Several major financial services firms faced technical service glitches on their apps or websites during Monday's volatile trading session, according to the companies and a monitoring service.Investment firms T. Rowe Price Group Inc. and Vanguard Group apologized to customers for sporadic outages on their websites during the Dow industrials' 1600-point downturn, and sai...Read More
* Dow industrials notch biggest intraday points loss ever* S&P, Dow suffer worst declines since August 2011* S&P500 down nearly 8 pct from record levels* Dow, S&P 500 erase 2018's gains* S&P 500 E-mini futures rise late on Monday (Adds futures trading, trader comments)By Lewis KrauskopfFeb 5 (Reuters) - U.S. stocks plunged in highly volatile trading on Monday, with both the S&P...Read More
* Dow industrials notch biggest intraday points loss ever* S&P, Dow suffer worst declines since August 2011* S&P500 down nearly 8 pct from record levels* Dow, S&P 500 erase 2018's gains (Updates with further comments, context)By Lewis KrauskopfFeb 5 (Reuters) - U.S. stocks plunged in highly volatile trading on Monday, with both the S&P 500 and Dow Industrials indices slumping more...Read More
Gold prices unable to retain early gains, undermine by upbeat US data. Spot gold stuck at the lower end of Friday's range. Spot gold managed to add a couple of bucks on the first day of the week, ending it around $1,334.00 a troy ounce. The metal peaked for the day 1,338.49, but dollar's recovery during US trading hours pulled it down. The bright metal traded sideways in the lower end of...Read More
Regardless of what financial market you follow, today you witnessed one of the most volatile days ever on record. The Dow Jones Industrial Average traded 1600 points lower midday before recovering slightly, closing down over 1100 points on the day. Today’s price decline represents the most substantial intraday point drop for the Dow in history. Today’s drop represents the largest singl...Read More
(Adds White House comment)By Steve Holland and Trevor HunnicuttWASHINGTON/NEW YORK, Feb 5 (Reuters) - As U.S. stocks plunged on Monday, President Donald Trump was speaking at an event in Ohio but noticeably not taking credit for the market despite doing so repeatedly when stocks were rising. The stark contrast was a sign that Trump may be absorbing a tough message, underscored by former White Hou...Read More
* Dow, S&P 500 post biggest daily percent drops since Aug 2011* 10-year Treasury yields recede from four-year highs* Oil prices fall (Adds comment from Paulsen at Leuthold Grup)By Caroline ValetkevitchNEW YORK, Feb 5 (Reuters) - U.S. stocks saw their biggest one-day fall in six years on Monday, as investor profit taking brought the market back down from record highs seen in late January, after...Read More
WASHINGTON, Feb 5 (Reuters) - The White House, following a steep drop in the stock market on Monday, said President Donald Trump was focused on "exceptionally strong" fundamentals in the U.S. economy."The President's focus is on our long-term economic fundamentals, which remain exceptionally strong, with strengthening U.S. economic growth, historically low unemployment, and increasi...Read More
By Steve Holland and Trevor HunnicuttWASHINGTON/NEW YORK, Feb 5 (Reuters) - As U.S. stocks plunged on Monday, President Donald Trump was speaking at an event in Ohio but noticeably not taking credit for the market despite doing so repeatedly when stocks were rising. The stark contrast was a sign that Trump may be absorbing a tough message, underscored by former White House advisers, that American...Read More
* Dow, S&P 500 post biggest daily percent drops since Aug 2011* 10-year Treasury yields recede from four-year highs* Oil prices fall (Updates with closing U.S. markets' activity)By Caroline ValetkevitchNEW YORK, Feb 5 (Reuters) - U.S. stocks saw the biggest one day fall in six years on Monday as investors rushed to take profits, after bond yields rose sharply last week, following an equities r...Read More
(Adds President Temer's appeal to Congress to approve bill, lower house speaker wants vote in February)By Maria Carolina MarcelloBRASILIA, Feb 5 (Reuters) - President Michel Temer appealed to Congress on Monday to approve his pension reform proposal to bring Brazil's budget deficit under control, but a cabinet minister said his government still lacks some 40 votes to pass the unpopular bill.Congr...Read More
The meteoric rise of crypto-currencies, including Bitcoin, captured the attention of many precious metals investors last year. Crypto’s potential to serve as private and decentralized currency – beyond the reach of bankers (central and otherwise) to corrupt and control – is an alluring combination for some speculative members of “honest money” crowd. Investors are cur...Read More