Wall Street stocks slide, dollar hits eight-month high (12/10/16)

Today’s Press

Why this Nobel prize for economics is so well deserved

Most people have probably never even heard of “contract theory,” but that’s the specialty that has won Finland’s Oliver Hart and Bengt Holmström this year’s Nobel prize in economics. And as the theory’s name implies, their work helps us understand the contractual relationships between, for example, workers and firms, shareholders and management, businesses and suppliers, and health insurance companies and their customers.

Fed Minutes Could Show Depth of Hawkish Rebel Camp in FOMC

Minutes of the Federal Reserve’s September policy meeting could illuminate the degree of pressure Chair Janet Yellen faced from officials eager to raise interest rates, insights that could help guide expectations on the likelihood of a hike by year end.

Wall Street stocks slide, dollar hits eight-month high

Slumping crude prices and a dour start to Wall Street’s corporate earnings season pulled down U.S. and European equities on Tuesday, while the dollar hit an eight-month high on increasing bets U.S. interest rates will rise in December.

Next trading day’s important events

BoE governor speaking

Forex Quotes:

USDJPY: 103.88

EURUSD: 1.1018

Indices:

S&P 500: 2,133.10

NASDAQ : 5,231.56

Source:: Wall Street stocks slide, dollar hits eight-month high (12/10/16)

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