Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Investing.com – U.S. futures were lower on Thursday as investors paused before a flurry of economic data and earnings results.The S&P 500 futures was down five and a half points or 0.20% to 2,704.25 as of 6:49 AM ET (10:49 GMT) while Dow futures decreased 32 points or 0.13% to 24,701.0. Meanwhile tech heavy Nasdaq 100 futures fell 14 points or 0.21% to 6,829.25.Earnings will continue to be in focus on Thursday, as investors turn their attention away from geopolitical and trade tensions. ...
Rice export prices in India dropped for a second week on sluggish demand and a weaker rupee, while Thai rates surged amid supply woes and fresh deals buoyed Vietnamese rates. Rates for top exporter India's 5 percent broken parboiled variety fell by $2 to $417-$421 per tonne. Also weighing on Indian exports was weak demand from Bangladesh, which had emerged as a major importer since 2017 after floods depleted stocks.
Time is running out for deepening the integration of the euro zone, European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Thursday. The 19 countries sharing the euro are debating how to connect their economies more closely to reap the benefits of scale and better face any future economic crisis after Britain leaves the EU at the end of March 2019. Among the ideas under discussion are the creation of a Europe-wide bank deposit guarantee scheme, transforming the euro zone bailout fund into a European Monetary Fund and a pool of money to help euro zone governments weather troubles not of their own making.
The dollar was higher on Thursday, while sterling fell after lower than expected retail sales. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.12% to 89.46 by 5:34 AM ET (9:34 GMT). Rising geopolitical and trade tensions have weighed on the dollar in recent months.
Investing.com - Gold prices moved higher on Thursday, supported by weakness in the dollar and concerns over the eventual U.S.-North Korea summit.
The pair was extremely choppy during the Wednesday’s session initially rallied towards the 1.2380 level but pulled back later in the day to test the 1.2350 level. This level has been both resistance and support level for the pair and may attract buyers. If it breaks below then it should fall towards the 1.21 level which is its next major support level. …Read MoreGBP/USD
The euro-Swiss franc pair is trading at a three-year high, close to the floor the Swiss National Bank abandoned back in January 2015. The euro-franc pair (EURCHF) rallied to a session high of 1.1994 francs on Wednesday, its best level since January 2015, when the Swiss National Bank removed the floor of 1.20 it had set for the franc versus the shared currency, and instead allowed the pair to trade freely. Part of the reason behind originally instituting this peg was to protect the Swiss franc from being inflated as the European Central Bank gobbled up European assets as part of its quantitative-easing program.
Investing.com – Gold prices were slightly higher on Thursday while the U.S. dollar steadied amidst higher U.S. 10-year treasury yield.
Investing.com – Cryptocurrencies’ prices gained on Thursday. Cambridge Analytica, the company behind the recent Facebook data scandal, is planning to develop its own digital currency, reports on Wednesday revealed.
Investing.com – The dollar was steady against other major currencies in Asia on Thursday morning. Market continues to eye the U.S.-Japan meeting that discusses the trade relations between the two countries to look for directional drivers for the greenback and the yen.
Gold is trading higher early Thursday, but inside yesterday’s range. An easing of geopolitical tensions, rising Treasury yields and increased appetite for risk may be helping to limit the markets gains while an improving outlook for a surge in inflation may be underpinning the market.
A surge in trading activity in the first quarter helped Morgan Stanley (NYSE: MS) report record first-quarter profit that topped Wall Street expectations.
It was risk on through the Asian session, with equity markets rallying, a jump in commodity prices supporting the Aussie Dollar that managed to shake off weak stats early on, with retail sales the next hurdle for the Pound this morning.