Cryptocurrencies were mixed on Thursday, as Bitcoin remained near a three-day low. Bitcoin was trading at of $8,899.50, falling 2.77% as of 8:24 AM ET (12:24 GMT) on the Bitfinex exchange. The Chicago Board Options Exchange wants to lower the increments on its futures contracts, according to a letter to the Commodity Futures Trading Commission.
Investing.com - The dollar eased back from three-and-a-half month highs against a currency basket on Thursday as investors took a breather after a recent rally driven by rising Treasury yields.
The U.S. dollar rallied after earlier range-bound trading on Thursday, as its biggest rival, the euro, retraced all the gains it had logged on the back of the European Central Bank’s policy update. The central bank left interest rates unchanged earlier Thursday.
The euro held at the day's highs on Thursday after ECB President Mario Draghi presented a relatively confident outlook for the euro zone economy, contrary to some expectations that he would take a more cautious stance after recent weak data. After briefly falling to its lowest since mid-January at $1.2145 after the ECB's decision to keep policy unchanged, the single currency rebounded and was trading up 0.3 percent at the day's highs of $1.2210 after Draghi played down concern over recent softness in data. "If anything, he is a tad more hawkish than forecasts and he does not strike as being particularly concerned with the level of the euro either," said Neil Jones, head of hedge fund sales at Mizuho Bank Ltd in London.
Investing.com – U.S. futures pointed to a slightly higher opening bell on Thursday as earnings season continued.The S&P 500 futures was up five points or 0.19% to 2,649.50 as of 6:49 AM ET (10:49 GMT) while Dow futures increased 40 points or 0.17% to 24,118.0. Meanwhile tech heavy Nasdaq 100 futures surged 35 points or 0.54% to 6,591.00A flurry of corporate earnings are expected on Thursday, including General Motors (NYSE:GM), Amazon.com (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Starbucks (NASDAQ:SBUX), American Airlines Group (NASDAQ:AAL) and many others. ...
Mexican bottler and retailer Fomento Economico Mexicano said on Thursday that first-quarter net profit plunged, hurt by an increase in the value of the Mexican peso versus the U.S. dollar. The company also known as Femsa, which includes bottling and retail units, said first-quarter net profit tumbled to 2.02 million pesos ($110,692), from 3.29 billion pesos in the same quarter of 2017.
By Tommy Wilkes LONDON (Reuters) - The euro held near eight-week lows on Thursday as traders prepared for European Central Bank President Mario Draghi to speak with investors searching for any signals about when the ECB will begin unwinding its stimulus. The single currency trimmed earlier gains to trade flat at $1.2164 after the ECB kept rates unchanged as widely expected. "We think the ECB is probably quite happy with its forward guidance.
Investing.com - Gold prices were off their best levels of the day on Thursday as strength in the dollar and Treasury yields continued to weigh, keeping prices within reach of three week lows.
The European Central Bank on Thursday left interest rates unchanged, as expected, and repeated that it intended to continue its program of buying 30 billion euros ($36.6 billion) of assets a month until ...
Investing.com - The dollar was holding steady near three-and-a-half month highs against a basket of the other major currencies on Thursday, supported by higher Treasury yields as the U.S. 10-year bond yield held above the 3% level.
Jonathan Corpina of Meridian Equity Partners joins Yahoo Finance's Seana Smith to break down the latest market moves.
Michael Krautzberger, head of European fixed income at BlackRock, talks about the ECB's decision to leave interest rates unchanged.