|Day's Range||1.7640 - 1.8030|
|52 Week Range||1.4290 - 3.2390|
U.S. stocks closed lower Tuesday as investors kept a close eye on a deluge of corporate earnings reports, increased pressure on social media stocks and a new U.K. vote on a potential path to splitting with the European Union
U.S. Treasury yields fall Tuesday after traders say they closely tracked the progress of U.K. Prime Minister Boris Johnson’ Brexit deal as it struggles to make its way through Parliament.
Mark Cabana of BAML was one of the most vocal market participants who warned investors of the emerging strains in short-term borrowing markets well before it happened.
The numbers: Sales of previously-owned homes dropped 2.2% in September thanks in large part to the constrained inventory of homes for sale. Existing-home sales occurred at a 5.38 million seasonally-adjusted annual pace, down from a better-than-expected 5.50 million in August, the National Association of Realtors said Wednesday. Unsold inventory was at a 4.1-month supply, up slightly from August but down from the 4.4-month figure from September 2018.
U.S. stock benchmarks end the session higher amid optimism over tariff talks and earnings, but a decline in shares of Boeing caps gains in the blue-chip Dow index.
U.S. Treasury yields push higher Monday as U.K. Prime Minister Boris Johnson was prevented from holding a vote on his bill to break away from the European Union, presenting another complication to the deal’s passing.
Investors have long been told that the ideal portfolio should carry 60% of its holdings in equities and 40% in bonds, a mix that provides greater exposure to historically superior stock returns, while also granting the diversification benefits and lower risk of fixed-income investments. “The relationship between asset classes has changed so much that many investors now buy equities not for future growth but for current income, and buy bonds to participate in price rallies,” Harris and Woodard wrote.
Dow sheds more than 250 points after data showed China’s economic growth slowing further in the third quarter and investors awaited more signals from the corporate earnings season about the health of the U.S. economy.
U.S. Treasury yields mostly lower Friday as investors eye developments on Brexit ahead of Parliament’s vote on the weekend.
A speech by Fed’s Clarida, which was later corrected, appeared to suggest the central bank had made a sudden tweak to how it would expand the U.S. central bank’s $3.6 trillion balance sheet.
The strength of the U.S. dollar doesn’t help U.S. companies — but it’s the relatively perkier yields on U.S. government bonds that’s attracting more capital to the country
Federal Reserve Vice Chairman Richard Clarida on Friday said the economy is facing "evident" risks, while inflation remains muted. In a speech in Washington, Clarida didn't say much about what action the central bank may take at its meeting in two weeks in light of the risks and low inflation. He stressed interest-rate policy was not on a preset course and policy makers would make decisions meeting-by-meeting. Officials would assess the risks and will act as appropriate, he added. The Fed has already cut interest rates twice this year "to provide a somewhat more accommodative policy in response to muted inflation pressures and the risks to the outlook," he noted. Clarida's comments represent the last public word from the Fed leadership ahead of the Oct. 29-30 meeting.
Dallas Fed President Robert Kaplan said Friday that he's not sure whether the central bank should cut rates at its meeting at the end of the month. "I'm going into the meeting open-minded, but I'm agnostic at this point on whether we should be taking action at the October meeting," Kaplan said in comments to reporters after a talk in Washington. Kaplan said he had been a strong proponent of the two rate cuts so far this year but now was open to the idea that the central bank could take some time to assess the economy and the stimulus from those two moves. The Dallas Fed president said that businesses were cutting back on plans due to trade uncertainty but haven't taken the next step of actively cutting back on their workforce. Asked about the market pricing in an 85% chance of a cut by the end of October, Kaplan said it was not his job to do what investors expect. Kaplan said that he had penciled in one more rate cut by the end of 2020 but said this could change. There are downside risks to this forecast, he said. Kaplan is not a voting member of the Fed interest-rate committee this year.
The U.S. grew more slowly in September and is likely to remain soft in the months ahead, according to an index that measures the nation’s economic health.
With less than two weeks to go before the U.S. Federal Reserve interest rate decision on October 30, every economic report will take on added importance especially with the manufacturing sector weakening, the labor market showing signs of softening and inflation still coming in below expectations.
Participants who see the recent positive slope of the yield curve as a good new for the economy and pitted against those who fear it signals a hastening recession
The number of unemployed workers who applied for jobless benefits in the second week of October rose slightly, but layoffs nationwide remained near a 50-year low and showed no sign of rising despite a slowdown in the U.S. economy. Initial jobless claims increased by 4,000 to 214,000.
Construction on U.S. new houses fell more than 9% in September, but a recent surge in permits suggests the decline in so-called housing starts is just a brief pause in a real estate market reinvigorated by lower mortgage rates.
Institutional investors are taking more risks because of low interest rates and that’s dangerous for the global economy, the International Monetary Fund said in a new report
U.S. Treasury yields fell Wednesday after a lackluster retail sales data suggest weakness in manufacturing may be spilling over into other areas of the economy.
Home builders are gung-ho again thanks to dramatically lower mortgage rates. A survey of home-builder sentiment surged in October to a 20-month high.