Global Markets News
WASHINGTON - Federal Reserve Chair Janet Yellen has said the tenor of economic data will decide when the U.S. central bank raises interest rates. Surprisingly, a data analysis based on Yellen's own priorities points to a rate increase by the end of this year.
WASHINGTON - U.S. consumer spending rose modestly in October and a measure of business spending plans fell for a second straight month, suggesting some slowing in the pace of economic growth.
NEW YORK - U.S. consumer sentiment rose in November to its highest level in more than seven years on improvements in the current economic condition, including lower gas prices and improving job prospects, a survey released on Wednesday showed.
WASHINGTON, Nov 26 - Sales of new U.S. single-family homes rose for a third straight month in October, but a downward revision to the prior month's sales pace indicated the housing market recovery would remain gradual.
WASHINGTON - Contracts to buy previously-owned U.S. homes unexpectedly fell in October, dropping to their lowest level in four months and casting a shadow over the housing market's recovery.
NEW YORK - The Federal Reserve on Wednesday awarded $148.28 billion in two-day fixed-rate reverse repurchase agreements at an interest rate of 0.07 percent to 50 bidders, according to the New York Federal Reserve website.
BANGKOK, Nov 21 - The Thai unit of India's largest steel maker, Tata Steel Group, said on Friday it expects to post a net profit for the fiscal year ending March 2015, bouncing back from a first-half loss by boosting sales of high-margin products.
LONDON, Nov 26 - A key European equity index rose for a fourth straight session on Wednesday as investors continued to bet on further monetary stimulus in the euro zone, although gains were capped by fresh falls in energy shares.
PARIS, Nov 26 - European shares inched higher on Wednesday, with Germany's blue chip DAX index advancing for the 10th session in a row as investors bet on further monetary stimulus from the European Central Bank.
Nov 26 - Hong Kong shares produced a solid rise on Wednesday following a rally in mainland markets.
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