How much is the dollar? (September 27 prices)

Posted September 28, 2017

Shortly after the opening bell, the Dow Jones Industrial Average rose 62.10 points, or 0.28 percent, to 22,346.42.

The Federal Reserve may have overstated the strength of the labor market and the rate of inflation, leading to monetary policy ahead that will be easier than previously thought, Yellen said Tuesday.

The S&P 500 index closed up 0.01% Tuesday after briefly climbing above the 2,500 mark, earlier during the USA trading day.

"That triggered the move in bonds but the fact that we should hear something more substantive on tax reform today is adding to the selloff", he added.

Asian stock markets were mixed on Wednesday as investors awaited the outlines of US tax overhaul plans by President Donald Trump while news headlines on geopolitical tensions surrounding North Korea have quieted.

Advertisment Greater China markets bucked declines in most Asian markets to post slight gains on Wednesday as investors digested Federal Reserve Chair Janet Yellen's overnight speech and as North Korea tensions took a backseat. The influence of labor utilization on inflation has become quite modest over the past 20 years, implying that the inflationary consequences of misjudging the sustainable rate of unemployment are low.

Mahira trolled for pics with Ranbir; Parineeti Chopra comes out in support
Angry with both her appearance and behaviour, many have tweeted negative comments on platforms such as Instagram and Twitter. Later Mahira put all the rumours to rest as she explained that they were just catching up and discussing work.

-Spanish Prime Minister Mariano Rajoy will meet U.S. President Donald Trump in Washington Tuesday while his team back in Madrid attempts to turn the screws on a secessionist push in Catalonia. In a speech to the National Association for Business Economics event in Cleveland, Yellen cautioned against moving too slowly on raising interest rates and said that a slow-go approach could lead to inflation problems down the road.

There has been optimism that the third forecast interest rate hike in the USA will go ahead in December and Yellen looks set to deliver her verdict.

WALL STREET: U.S. stock indexes finished barely higher on Tuesday.

-The MSCI All-Country World index fell 0.3 percent to the lowest in over two weeks. The Dow Jones industrial average lost 11.77 points, nearly 0.1 percent, to 22,284.32. In Europe, the Stoxx 600 Index was 0.3 percent higher at 5:50 a.m., with S&P 500 futures gaining 0.1 percent. German 10-year benchmark yields rose 6 basis points to 0.47 percent.

In energy markets, oil prices hit lower despite the EIA report showing that United States crude oil inventories declined by 1.846mn barrels the past week while analysts anticipated oil inventories to increase by 3.422m barrels. The euro fell to $1.1788 from $1.1791. On the day, WTI crude traded 0.4% lower at $51.64 per barrel, while Brent was 1.1% down at $57.80.

The aussie extended its losses for the third day reaching a six-week low of $0.7835 on the back of a stronger dollar and decreasing metal prices.