U.S. stocks join global selloff on trade war fears
U.S. stocks join global selloff on trade war fears
Stocks Drop in Another Dizzying Day for Markets
05 March, 2018, 01:29
The Cboe Volatility Index (VIX -19.85) added 1.3 points, or 6.8%, bringing its monthly advance to 46.6% - its best month since August 2015.
About 9.0 billion shares changed hands on USA exchanges. AK Steel jumped 10 percent.
The fall was largely driven by new Federal Reserve Chairman Jerome Powell'sunexpectedly hawkish tone on Tuesday where he presented an upbeat picture of the United States economy, opening up the option for more than three rate rises this year as inflation moves "up to target". It is down 3.9 percent for February but still up 1.5 percent in 2018. CNBC reported that Trump will make an announcement on tariffs at 11am ET (1600 GMT).
Meanwhile, the Federal Reserve is likely headed for three rate hikes in 2018, but investors are anxious that policymakers may be more aggressive. That's more than the market capitalisations of CBS and Viacom combined.
On Thursday, though, he said that "I would expect that some continued strengthening in the labour market can take place without causing inflation".
"If tariffs go up, it will, at the margin, tend to put more upward pressure on prices, and those upward pressure on prices will have to be considered by the monetary authority", New York Fed President William Dudley said in a speech in Brazil on Thursday.
The yield on the key 10 year bond fell to 2.86% on Wednesday and to around 2.802% on Thursday - a sign that investors are selling out of shares and commodities and heading for the safest haven of all - US Treasuries.
Dental supplies maker Patterson Companies plunged 22 percent after reporting weak earnings for the latest quarter. Crude oil was again decidedly negative in the session.
ENERGY: Benchmark U.S. crude fell 50 cents to $61.14 per barrel. Brent crude, the worldwide standard, lost 94 cents, or 1.5 per cent, to $63.79 a barrel. The yearly increase in the PCE was flat at 1.7% for the third month in a row, below the Fed's 2% target.
In the currency markets, the U.S. dollar was buoyed by Powell's comments, rising 0.3% on Wednesday to reach its second-best month of President Donald Trump's term, climbing 1.7% against a basket of currencies overall for the month. Brent crude, the global standard, fell 1 cent to $64.72 per barrel. The euro inched up to $1.2205 from $1.2203, and the British pound slipped to $1.3732 from $1.3771. Nasdaq 100 futures rose 0.2%.
This prompted France's Emanuel Macron to mediate his return to Lebanon, before Hariri swiftly revoked his resignation. Sisi stressed to Prince Mohammed: "The security of the Arab Gulf is an integral part of Egypt's security".
Then On Feb 8, Principal Deputy Press Secretary Raj Shah told reporters this: "His last day was yesterday". The White House has repeatedly tried to explain the timeline of events, something Kelly did again Friday.
With powder colours being smeared on each other's faces, the festival is marked with a celebration of singing and dancing. This would mean Holika would survive because of her enchanted shawl which protected her from fire - but the plan failed.
However, sources tell Garrett that the tension regarding McMaster is real, and that an exit strategy may now be in the works. McMaster has always been rumored to be eyeing the exits amid reports of friction with President Donald Trump .
With 10 games to go, United are now with 59 points in 28 matches while Chelsea dropped to fifth place with 53 points. Conte was less effusive when quizzed over whether he and Mourinho had decided before the game to bury the hatchet.
They said the nurse who prepared the patient for surgery should be held accountable for wrongly labelling the patient. Four medics in Kenya have reportedly been suspended after surgeons cut open the wrong man's head.
The current GOES-East satellite launched in 2016 , and it has provided views of developing weather in unprecedented detail. Two more are planned in this four-satellite series: GOES-T in 2020 and GOES-U in 2024.
Jackson could have been guarded after some analysts have suggested he should switch from quarterback to wide receiver. Jackson is the best athlete at the QB position since Michael Vick , and there's been some good ones.
German business greeted with relief the news that Germany would get a government after its longest-ever post-election interregnum. In a tweet, they labelled the SPD's decision a "catastrophe" for Germany, promising fierce opposition over the coming four years.
I knew for myself I needed to prepare for this role of a lifetime in the most positive, stress-free and healthy way I knew how. I knew my baby would feel every stress and every emotion, so I chose to do it this way for my little life and our happiness.
Shaquem Griffin Just Ran A Sub
Griffin and his father built all sorts of devices to help him lift weights and get stronger when he was younger. After that incident, his mother chose to have doctors remove his hand.
Arsenal 1, Brighton 2
Brighton were completely on top during that first half but Arsenal were showing signs of getting back into the game. The 35-year-old remains on 199 Premier League clean sheets, and is still waiting for his 200th.
Real Madrid return to winning ways in La Liga
Ronaldo, who had a goal disallowed for offside midway through the second half, was substituted shortly after his second goal. The only thing we have is to look at Tuesday and see who we are going to go with.
President Trump slams Jeff Sessions, AG responds
It was the latest of Mr Trump's verbal volleys aimed at Mr Sessions, who continues to faithfully execute Mr Trump's agenda. The breaking Post report does not center entirely on Trump's insult, however.
Snapchat Forces Spectacles 2.0 Despite Taking $40 Million Hit
If we talk about the additional features, the company might push the Global Positioning System feature to the device as well. Snap's Spectacles set out to be the best thing since sliced bread and was pretty much the furthest thing from that...
Beast from the east chills Europe
Temperatures in France are forecast to drop to -10 deg C and feel as low as -18 deg C over the coming days. In Rome , snow fell, virtually shutting down the ancient city.
Maoists gunned down in Chhattisgarh
Awasthy said police, acting on intelligence, raided the stronghold in Bijapur district of Chhattisgarh state. The police said they recovered two AK 47s and eight other weapons from the scene, according to The Hindu .