Futures slightly higher ahead of Yellen speech (news: 19/12/16)

Posted On 19 Dec 2016

Today’s Press

Futures slightly higher ahead of Yellen speech

U.S. stock index futures were slightly higher on Monday as investors awaited a speech by Federal Reserve Chair Janet Yellen, less than a week after the Fed raised interest rates for only the second time since the financial crisis.

‘Trumpflation’ trade keeps dollar near 14-year highs

The greenback surged to its highest since January 2003 against a basket of currencies last week and threatened parity with the euro, after the U.S. Federal Reserve hinted that rates could rise as many as three times next year.

Oil extends advance above US$52 as Libyan output comeback stalls

Futures climbed as much as 1.2 per cent in New York after rising two per cent on Friday. Libyan oil-facility guards have backtracked on an agreement to allow supply to flow from the El Feel and Sharara fields, two of the country’s biggest, according to an engineer that operates El Feel.

Next trading day’s important events

06:00 (GMT+3) BoJ interest rate decision

Forex Quotes:

USDJPY: 117.12

EURUSD: 1.0415

Indices:

S&P 500: 2,258.07

NASDAQ : 5,437.16

Source:: Futures slightly higher ahead of Yellen speech (news: 19/12/16)

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