After ending the previous session notably lower, treasuries showed a strong move back to the upside on Thursday in reaction to the latest headlines out of Europe.
Bond prices moved sharply higher over the course of the morning but gave back some ground in the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 6.1 basis points to 1.478 percent. Continue reading "Treasuries Move Back To The Upside On News Out Of Europe"
European Central Bank head Mario Draghi says the bank is ready to intervene in the bond market to drive down countries' high borrowing rates, and urged European leaders to get their bailout fund ready to intervene as well.
Draghi said Thursday the bank could buy bonds if the borrowing rates stop the ECB in its efforts to spread its low interest rates throughout the 17 countries that use the currency. Continue reading "Draghi announces no immediate action"
With traders reacting negatively to the latest headlines out of Europe, stocks may come under pressure in early trading on Thursday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 83 points.
The downward momentum for the markets comes as traders digest remarks by European Central Bank President Mario Draghi, who is speaking at a press conference following the central bank's monetary policy meeting. Continue reading "Stocks May Move To The Downside Amid Focus On Europe"
(AP:WASHINGTON) The Federal Reserve said Wednesday that the economy is losing strength and repeated a pledge to take further steps if the job market doesn't show sustained improvement.
The Fed took no new action after its two-day policy meeting. But it acknowledged that economic activity had slowed over the first half of the year, unemployment remains elevated and consumer spending has weakened. Continue reading "Fed says US economy has slowed, takes no new steps"
(RTTNews) - With traders waiting on the Federal Reserve's monetary policy announcement, stocks are turning in a lackluster performance during trading on Wednesday. The markets have turned mixed on the day after failing to sustain an initial upward move.
The major averages have moved roughly sideways in recent trading, stuck on opposite sides of the unchanged line. While the Nasdaq is down 4.82 points or 0.2 percent at 2,934.70, the Dow is up 34.02 points or 0.3 percent at 13,042.70 and the S&P 500 is up 2.80 points or 0.2 percent at 1,382.12. Continue reading "Stocks Turn Mixed Ahead Of Announcement From The Fed"
You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.
Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.
