Fed’s Mester comfortable with rates going higher

Dr. Loretta Mester, President & CEO of the Federal Reserve Bank of Cleveland, talking to CNBC, said she is comfortable with rates going higher, adding that she need to see Trump policies before assessing impact.

AUD/NZD outlook: headed into a very important area – Westpac

Analysts at Westpac offered an outlook for the antipodean and rates. Key Quotes: "AUD/NZD 1 day: The break above 1.0710 brings into sight the very important 1.0670 area (a technical “neckline”). A break above that implies a multi-cent rise is in store. AUD/NZD 1-3 month: Higher t ...

Australia Westpac Leading Index (MoM): 0% (January) vs previous 0.4%

Australia Wage Price Index (YoY) below expectations (1.9%) in 4Q: Actual (0%)

NZD/USD: drifting in narrow range between key daily-sma’s

Currently, NZD/USD is trading at 0.7160, down -0.07% on the day, having posted a daily high at 0.7168 and low at 0.7159. NZD/USD has dropped back in the last hourly sticks a small fraction from recent highs and is catching a slight bid. NZD/USD has otherwise been better bid from 0.7132 low ...

Wall Street closing at all time highs again

Wall Street was rallying on Tuesday and simultaneously closing at records for the second session in a row. Despite disappointing data from the US economy in the US PMIs, the Dow Jones Industrial Average rose 0.6%, or by 118.95 points, to a record 20,743.00 and this was the eighth straight sessio ...

Economic wrap: awaiting FOMC minutes – Westpac

Analysts at Westpac offered an economic wrap. Key Quotes: "US manufacturing PMI (Markit) slipped from 55.0 to 54.3 (vs 55.4 expected). Still in expansion territory, although the employment component slipped to 52.7 from 53.9 and prices charged also slipped. Eurozone manufacturing PMI (Markit ...

RBA Governor Philip Lowe sees 3pct GDP by 2019

Reserve Bank of Australia Governor Philip Lowe is speaking Australia and Canada - Shared Experiences, at the Australia-Canada Economic Leadership Forum, Sydney. From the speech, Lowe has said that policy balancing risks of low inflation vs high household debt while not seeing much risk of inflatio ...

Home Depot hammers out impressive Q4 as earnings beat

Investing.com - Home Depot Inc (NYSE:HD), the world’s largest home improvement chain, posted better-than-expected fourth-quarter earnings results on Tuesday, with earnings per share (eps) of $1.44 compared to analysts’ expectation of $1.33. Same store sales surged 5.8%, surpassing estimates for a 3. ...

Fed’s Williams: “blockchain technology could lower costs”

San Francisco Federal Reserve President John Williams, noted, "blockchain technology could lower costs while making record keeping easier and more efficient." Key Highlights: •During his speech at Boise State University, Fed's Williams noted how people increasingly understan ...

Brazil stocks higher at close of trade; Bovespa up 0.76%

Investing.com – Brazil stocks were higher after the close on Tuesday, as gains in the Financials, Real Estate and Electric Power sectors led shares higher. At the close in Sao Paulo, the Bovespa rose 0.76% to hit a new 5-year high. The best performers of the session on the Bovespa were CEMIG - ...

United States 4-Week Bill Auction dipped from previous 0.515% to 0.48%

German lawmakers to drop support for Greece bailout if IMF quits – Reuters

According to the latest wires, via Reuters, German lawmakers will not back further financial support for Greece if the International Monetary Fund withdraws from Athens's bailout program. Key Highlights: •Greece needs a new tranche of financial aid under its third bailout program by Jul ...