19 March, 2017
LONDON, March 16 The dollar sank to a one-month low, while some surprise hints on the chances of a rise in United Kingdom interest rates drove sterling higher on Thursday as investors digested the fallout of a second rise in USA rates in three months.
The S&P 500 Index lost 0.2 percent to 2,381.38 at 4 p.m.in NY, while the Dow Jones Industrial Average fell 16 points to 20,934.55.
The S&P 500 healthcare index dropped more than 1 percent while utilities fell 1.3 percent.
A widely anticipated USA interest rate hike combined with a dovish outlook for the future path of rates lifted emerging stocks to 20-month highs on Thursday but also prompted a number of developing central banks to tighten monetary policy.
The normalisation of Fed monetary policy also pushed some emerging market central banks to follow suit: China's central bank increased short-term interest rates for the third time this year in a move seen aimed at curbing capital outflows and supporting the yuan.
James Chen, head of research at Forex.com in Bedminster, New Jersey, also pointed out that the pace of Fed rate hikes and policy outlooks can change extremely quickly.
Google open-sources JPEG encoder that reduces file sizes by 35%
JPEG compression has several steps, including color space transformation, discrete cosine transformation, and quantization. To accomplish this, Guetzli trades visual quality for a smaller file size at the quantization stage of image compression.
Starbucks stores in the USA and Canada getting limited-time spring cups
Sadly, the coffee containers won't be around for very long as they are debuting on March 16 and going away a few days later. Their first seasonally inspired cups arrived over 20 years ago making the colorful cups a bit of a tradition.
Eagles add to WR corps on first day of free agency
If Jeffery can produce like he did at his best in Chicago, he will easily be Wentz's best weapon since the Eagles drafted him. In 2016, he played in 12 games and managed to haul in 52 passes for 821 yards with a career-low two touchdowns.
But European shares were upbeat following the election victory of Dutch Prime Minister Mark Rutte, who defeated anti-immigration, anti-European Union rival Geert Wilders. Investors snapped up the greenback at the start of European trade, judging it looked cheap after sharp falls following the U.S. Federal Reserve's failure to point aggressively to further rises in the official premium for holding the currency.
That gradual pace is one reason investors remain enthusiastic about stocks in the face of rising rates, which historically have spooked stock holders because they can slow economic growth and corporate profits.
EARNINGS POP: Tech giant Oracle jumped 7.1% to $46.12, notching the biggest gain in the S&P 500, after reporting stronger revenue and earnings for its latest quarter than analysts expected.
Following gold, silver ready flared up by ₹ 1,050 to ₹41,350 per kg and weekly-based delivery by ₹ 1,040 to ₹ 41,010 per kg. Separately, retail sales rose 0.1% in February (http://www.marketwatch.com/story/us-retail-sales-barely-budge-in-february-2017-03-15).
After a much-anticipated meeting the U.S. central bank lifted borrowing costs by a quarter of a point but suggested only another two rises this year, confounding talk of a possible three or four. Brent crude, used to price global oils, fell 6 cents to $51.75 a barrel.
Benchmark U.S. crude resumed its slide and slipped 11 cents to settle at $48.75 per barrel. The precious metals had lost ₹ 400 in last two days. The dollar slipped to 113.02 Japanese yen from 113.26 yen. The euro rose to $1.0733 from $1.0713, and the British pound rose to $1.2352 from $1.2301.