LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  International & World Stock  :  US markets closed higher on Yellen testimony

US markets closed higher on Yellen testimony (15-Feb-2017)

The US markets closed higher on Monday, for the fourth straight session to a record close after Federal Reserve Chairwoman Janet Yellen signaled that the central bank could gradually raise interest rates sooner rather than later. The Federal Reserve Chairwoman Janet Yellen left open the possibility of an interest-rate increase as early as the central bank's next policy meeting in March. Yellen said the Fed would depend heavily on US economic data to determine if the labor market continues to strengthen and inflation is moving up to the central bank's 2% target. Adding to the sense that a rate increase could come before too long, Yellen reiterated there is a risk of the Fed waiting too long to raise rates. She said it would be unwise to delay because it might require the central bank to eventually raise rates rapidly. She said it was reassuring that market-based measures of inflation compensation remain low but are no longer at very low levels. She defended the Fed's policy to hold its balance sheet steady at $4.5 trillion, saying this has helped maintain accommodative financial conditions. The Fed chairwoman, whose term will run out in a year, stressed that the outlook is uncertain and interest-rate policy wasn't on any preset course. While stressing it wasn't her intention to opine on fiscal policy plans, Yellen laid out two criteria. She said that it was important that any tax -and-spending plan would end up putting the US budget on a sustainable trajectory and it was important to focus on measures to improve worker productivity because this would boost economic growth and raise living standards.

On economy front, the National Federation of Independent Business's small-business index for January maintained its postelection surge as business owners remained optimistic about better economic prospects under President Donald Trump's administration. The Producer Price Index for January jumped by 0.6%, the largest rise since 2012, suggesting inflation may be heating up.

The Dow Jones Industrial Average added 92.25 points or 0.45 percent to 20,504.41, the Nasdaq was up 18.61 points or 0.32 percent to 5,782.57, while S&P 500 gained 9.33 points or 0.40 percent to 2,337.58. 

The Indian ADRs closed mixed; Infosys was up 0.26%, Wipro was up 0.11% and HDFC Bank was up 0.11%. On the other hand, Tata Motors was down 4.01% and Dr. Reddy's Lab was down 0.11%.



Top News Today
MTNL investing Rs 190 crore to upgrade services
(21-May-2018)

MTNL investing Rs 190 crore to upgrade servicesMahanagar Telephone Nigam (MTNL) is investing Rs 190 crore to upgrade its services and may also get 4G spectrum, which will support the company to stay relevant in the highly competitive market.MTNL was......click on news to read complete article.

RIL gets environmental clearance for expansion project in Maharashtra
(21-May-2018)

RIL gets environmental clearance for expansion project in MaharashtraReliance Industries (RIL) has received environment clearance for the expansion and optimisation of its petrochemical complex at Nagothane in Raigad district of Maharashtra at an estimated cost of Rs 2,338......click on news to read complete article.

L&T's arm bags two orders from HURL
(21-May-2018)

L&TLarsen & Toubro's (L&T's) wholly owned subsidiary -- L&T Hydrocarbon Engineering (LTHE) in consortium with TechnipFMC has won two significant orders from Hindustan Urvarak and Rasayan......click on news to read complete article.

International Stock News
Asian markets trade firm as US-China trade tensions ease
(21-May-2018)

Asian markets trade firm as US-China trade tensions easeAsian markets are trading mostly in green in early deals on Monday, after fears of a trade war between the U.S. and China receded following weekend developments. U.S. Treasury Secretary Steve Mnuchin said......click on news to read complete article.

US markets closed mostly lower; Dow ekes minor gain
(19-May-2018)

US markets closed mostly lower; Dow ekes minor gainThe US markets closed lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the US and China, as well as bond......click on news to read complete article.

US markets closed mostly lower; Dow ekes minor gain
(19-May-2018)

US markets closed mostly lower; Dow ekes minor gainThe US markets closed lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the US and China, as well as bond......click on news to read complete article.

 

     
  
Recent International & World Stock News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.