Overview: Iran’s Ayatollah Ali Khamenei has threatened “severe retaliation” for the US attacked that killed an important head of a force within the Islamic Revolutionary Guard. At the same time, reports indicate that North Korea’s Kim Jong Un is no longer pledging to halt its nuclear weapons testing and has threatened to unveil a …
Overview: In quiet turnover, Asia Pacific and European equities are trading lower, while US shares are enjoying a firmer bias. China and Hong Kong markets bucked the trend. The Dow Jones Stoxx 600 is off by about 0.40% in late morning turnover. The S&P 500 has a five-week rally in tow. Bond yields are …
The Greenback Remains Soggy, while China and Turkey Move in Opposite Directions Read More »
The US was the first. Powell has replaced Yellen at the top of the Federal Reserve. His testimony tomorrow and Thursday will be his first and next month’s FOMC meeting will be the first he chairs. There is little doubt in the market that he will sanction a rate hike at the meeting. Although there …