U.S. Stocks on Rise Ahead of Yellen Speech (News: 06/06/16)
Today’s Press
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U.S. Stocks on Rise Ahead of Yellen Speech
Investors dialed back their expectations for an interest-rate increase this summer after a surprisingly weak U.S. jobs report on Friday. That marked a shift from recent weeks, when they had geared up for a rate rise following comments from Fed officials and minutes from the central bank”s last meeting.
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U.S. chides China on steel glut, treatment of foreign companies at annual talks
Treasury Secretary Jack Lew chided China on Monday for allowing a glut of steel and aluminum to flood global markets, and urged Beijing to treat foreign companies with the same openness that Chinese firms often receive across the world.
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Record showing for China on ‘power women’ list
There are a record nine women from China on the 2016 Power Women list, though German Chancellor Angela Merkel remains in the top spot.
Next Trading Day’s Important Events
- 07:30 (GMT+3) RBA Interest Rate
- 12:00 (GMT+3) EU GDP Q1
Forex Quotes:
- USDJPY: 107.16
- EURUSD: 1.1351
Indices:
- S&P 500: 2,109.00
- NASDAQ : 4,959.87
Source:: U.S. Stocks on Rise Ahead of Yellen Speech (News: 06/06/16)