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.
Cabinet Office and major brands pull ads from YouTube
The report cites content showing up in YouTube alongside videos of white nationalists and terrorists. He also said that Google invests a huge amount of money every year to stop bad advertising.
Jewish Community Centre in Vancouver gets another bomb threat
Governor Andrew Cuomo is calling for an investigation into another bomb threat at a Western New York Jewish Community Center . The Indianapolis Jewish Community Center has received an outpouring of support following two bomb threats in about two weeks.
SEC Tournament 2017 bracket: Kentucky claims the SEC
At one point, Arkansas' Jaylen Barford appeared to step on Isaiah Briscoe after the United Kingdom player tried to take a charge. Then Fox drained a 17-footer to put United Kingdom up 13-9 at 12:34 only see Arkansas bounce back to tie.
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.