Markets The Commerce Department is scheduled to release its preliminary estimate of U.S. economic growth for the third quarter at 8:30 a.m. ET, at the same time as the weekly jobless claims report. Economists are looking for the economy to … Continue reading
Markets Although the Fed is largely expected to keep interest rates unchanged today, will there be anything for investors to digest in terms of the timing of an upcoming hike? Chairwoman Janet Yellen isn’t scheduled to hold a press conference … Continue reading
Markets It’s not the meeting we’ve all been waiting for, but the Fed’s policy-making committee convenes in Washington today and tomorrow, where it’s expected to keep benchmark interest rates near zero. The real question is whether the Fed will raise … Continue reading
Markets IMF representatives are set to give the all-clear for China’s yuan to be included in its Special Drawing Rights basket, laying the groundwork for a favorable decision by policymakers, Bloomberg reports. As part of the process scheduled for every … Continue reading
Markets Stocks across the globe are extending a rally from the previous session, after ECB President Mario Draghi signaled his willingness to add more stimulus to the eurozone’s flagging economies. “We are ready to act if needed…and we are open … Continue reading
Markets All eyes will be on ECB President Mario Draghi today amid a policy meeting in Malta that will provide clues about further monetary stimulus. Grounds for extending QE would include deflation risks, slowing growth in China and stock market … Continue reading
Markets Upsetting an otherwise tranquil October, China’s stock market erased morning gains and suddenly fell in late trading, bringing back recent memories of afternoon sell-offs in the broader market. The Shanghai Composite ended the session down 3.5%, its biggest fall … Continue reading
Markets Earnings reports will likely be a big driver for stocks today, after IBM’s (NYSE:IBM) disappointing results reinforced concerns that the corporate profit outlook is getting murkier. “We’re getting deeper into earnings season and not watching any one company, but … Continue reading
Markets China’s economy grew 6.9% in the third quarter from a year ago, beating forecasts for 6.8% growth, but decelerating to its slowest pace since the global financial crisis. The results add to doubts the country can meet its year-end … Continue reading
Markets World shares are heading higher, extending a rally that’s added $4.1T to global equities this month, following a slew of weak economic reports that have dashed expectations for a Fed rate hike in 2015. European stocks are up, and … Continue reading