US Fed raises rates, provokes caution in Indian markets
19 June, 2017, 13:20 | Author: Leticia Walters
While the territory effectively imports U.S. monetary policy due to its currency peg, local banks have been reluctant to pass on higher rates to customers amid fierce competition for mortgages - heightening a property boom, as well as fueling depreciation in the Hong Kong dollar.
The dollar nursed losses on Thursday, after weak U.S. inflation data left investors wondering if the Federal Reserve would be able to follow up its latest rate hike with another later this year.
The US Dollar edged higher as investors pin their collective hopes on another rate increase from the Federal Reserve.
This evening the Central Bureau of Statistics will publish Israel's Consumer Price Index for May with economists expecting that it rose 0.3% over the month.
The statement also saidinflation "has declined recently" and in the next 12 months "is expected to remain somewhat below 2 per cent in the near term". Annual inflation is running at 1.7 percent.
Gold futures slumped Thursday, building on a retreat that started Wednesday afternoon as the Federal Reserve raised interest rates and sounded determined to hike again this year. The market-based measure of inflation compensation low. "The drop in crude oil prices and the corresponding unloading of energy shares in the region, meanwhile, seems to be the primary drag on regional bourses", Jingyi Pan of IG said in a commentary. During the recession, the Fed purchased $4.3 trillion worth of financial products in a complex bid to further boost growth by cutting long-term rates. That spurred selling of real estate developers' shares.
The FED rate is one of the most effective and at the same time unsafe levers for raising the American economy.
Greek government bond yields remained steady on Thursday ahead of a key Eurogroup meeting later. Investors were also awaiting the latest rate decision by the Bank of England due at noon in London. Dow Jones Industrial Average touched its all-time high on Wednesday. Home Depot and Goldman Sachs contributed most of the blue-chip index's gain. USA employers continue to add jobs at a steady rate. Benchmark U.S. crude fell another 22 cents to $44.51 a barrel in electronic trading on the New York Mercantile Exchange.
The pan-European FTSEurofirst 300 index ended down 0.3 percent and MSCI's gauge of stocks across the globe fell 0.8 percent. Brent crude, used to price worldwide oils, edged 1 cent higher to $47.01 a barrel.
The only thing funnier than adults being petty is them owning it, but James couldn't let Draymond have all of the attention. This was best exemplified by the Rockets joining Charles Barkley, Clyde Drexler and Hakeem Olajuwon on the same group.
But Richmond swooped in, telling reporters that Scalise didn't have "a racist bone in his body". "We're here to show solidarity". The practice was being held ahead of the annual Congressional Baseball Game , which raises money for charity.
The previous highest was registered by Australia when they thrashed India by 125 runs in the 2003 World Cup final in Johannesburg. He removed India's top three batsmen - Rohit Sharma (0), Shikhar Dhawan (21) and Kohli (5).
Later, when asked if the console would be sold at a loss, Spencer chose to avoid the question with his words. Spencer gave two reasons for the smaller library of compatible original Xbox games on the Xbox One .
While she performed at the Grammys to rave reviews, she postponed plans to headline the Coachella Music Festival until 2018. A source close to a couple gave some details about the arrival of the children of Bey and Jay Z .
Also on Wednesday, two USA naval warships sailed into Doha to take part in joint military exercises with the Qatari navy. The agreement also was signed amid the diplomatic row between the bloc of countries headed by Saudi Arabia and Qatar .
Doctors said Friday the bullet entered at his hip and traveled across his body, causing severe damage to internal organs. Trump added that Scalise is "having a hard time, far worse than anybody thought" following the shooting Wednesday.
Andre Ward landed a clean counter right hand to the chin of Kovalev which had the boxer nicknamed "Krusher" visibly shaken. Why get away from it? He will continue to do it. "After this, we don't want to hear any excuses", Ward said ( via ESPN ).
The yen was 2.3 percent weaker against the dollar compared with its year-before level, which helped push up imports costs. Exports are called higher by an annual 16.0 percent after gaining 7.5 percent in the previous month.
One person arrested after vehicle hits several people in London
Sky News reported that police said the incident happened after worshippers were leaving the Finsbury Park mosque after prayers. She said a police officer was doing what looked like a "cardiac massage, as if they might have had a bad heart or something".
Cosby jury asks to rehear hours of testimony
Though dozens of women have accused Cosby of sexual misconduct, only Constand's accusations led to criminal charges. Cosby , 79, has pleaded not guilty to drugging and molesting Andrea Constand at his Pennsylvania home in 2004.