The selloff in U.S. stocks that was sparked by the resignation of Gary Cohn turned out to be very short-lived, with the S&P 500 Index finishing yesterday's session broadly unchanged after dropping as much as 1% earlier.
The main focus of the market is set to be on the latest staff projections, which aren't likely to change that much, and the press conference Q&A with ECB President Mario Draghi and whether he will offer clues as to what might happen after September this year when the current bond buying program is expected to come to an end. Keeping its broader policy unchanged, the European Central Bank said it could still extend its 2.55 trillion euro (S$4.16 trillion) bond purchase scheme beyond September if needed.
"They toned down the easing bias but there is still a willingness to ease and the tone of Draghi's comments was still dovish, stressing that there is still not a convincing uptrend in inflation", said Chris Scicluna, head of economic research at Daiwa Capital Markets.
France's CAC 40 index surged 1.3% to 5,254.10, its highestclose since February 7.
It's that cautious stance that brought comfort to bond investors, especially in southern Europe, a big beneficiary of the 2.55 trillion euro ($3.16 trillion) stimulus scheme.
The Hong Kong dollar fell to a 33-year low, at 7.85 per USA dollar. Weekly Unemployment Claims rose to 231K, higher than the 220K forecast and 210K previous read.
Markets have this week nervously watched a populist surge in the eurozone's third-largest economy and barbs exchanged between Washington and Brussels over looming USA tariffs on steel and aluminum and possible European Union counter-measures. Copper and Nickel hit one-month lows on lingering fears of a trade war.
US President Donald Trump said on Thursday he was prepared to meet North Korean leader Kim Jong Un for the first US-North Korea summit, marking a potentially dramatic breakthrough in nuclear tensions with Pyongyang.
The dollar index found the opportunity to crawl up to 89.81 (+0.19%) and dollar/yen climbed to 106.13 (+0.08%) in early European afternoon as investors were waiting for more details on Trump's import tariffs and were particularly eager to hear if any countries would get exemptions.
Other major currencies posted relatively minor losses against the United States dollars.
EURUSD - the break above 1.2370 has seen us edge higher with the next resistance back near the recent highs above the 1.2500 area.
Elsewhere, shares were up 1% in Shanghai and rallied 1.5% in Hong Kong.
That soothed worries about the prospect of more aggressive trade measures after the departure of Trump's top economic adviser Gary Cohn. Crude oil traded near $60 a barrel and gold slipped as a Bloomberg gauge of commodities slid for a second day. WTI crude and Brent slipped to $61.09 (-0.10%) and $64.17 (-0.26%) per barrel respectively.
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These governments agreed on its content January 23 and by February 21 its 30 chapters were released to the public. Last month, Trump told the World Economic Forum in Davos that the USA might return if it got a better deal.
The 2018 Games are the largest Winter Paralympics that has ever been hosted, according to the Pyeongchang Paralympic Committee . This year the impairments the competing athletes have include amputee, visual impairment, cerebral and spinal injuries.
The NPP, which won 19 assembly seats in the just ended polls, is the second largest party after the Congress which won 21 seats. He added that the coalition was "expected", and that the BJP was "very happy with the outcome".
It is clearly anxious about its market sway, and formalizing its partnership with non-OPEC allies would give it broader influence. But despite dinner invitations and behind-closed-doors conversations, shale continues to increase output and grab market share.
This should be a very entertaining matchup, as both teams featured terrific guards that can put up a lot of points. So Thursday's SEC Tournament game against Texas A&M was a must win if they wanted to play later into March.
Nance, acquired in a trade from the Lakers on February 8, is averaging 10.0 points and 6.6 boards since joining Cleveland. Jordan Clarkson , Rodney Hood and Larry Nance Jr are averaging in double-digit scoring since they came to Cleveland.
Trump's proposal has raised alarm about a potential trade war that could negatively impact American industry and jobs. China, contrary to media reports, sends more than two per cent of the steel to the United States , he said.
Bhim Rao Ambedkar's statue vandalised in Meerut
According to police sources here, some miscreants damaged a portion of the statue at Mawana Khurd village late on Tuesday night. Ramasamy " Periyar " and Jana Sangh founder Syama Prasad Mookerjee , have been reported from different parts of the country.
Milan vs. Arsenal - Bookmaker's view
Koscielny called for unity after Sunday's galling 2-1 loss at Brighton and conceded the mentality of the players needs addressing. Meanwhile, former Arsenal midfielder Ray Parlour believes the dressing room will be lifted by the victory over AC Milan .
Man arrested for stealing the Best Actress Oscar Trophy
Her Oscar was awarded for playing an angry and bitter mother who is seeking vengeance after her daughter is raped and murdered. Once the women who had been nominated for awards at the event were on their feet, McDormand addressed the rest of the room.
Sutton urges Wiggins, Freeman to 'tell the truth'
Team Sky and Bradley Wiggins have both strongly denied that any drugs were used, or any TUEs granted, without a medical need. But Froome, one of a handful of riders to remain with Sky since its inception in 2010, says he has witnessed no wrongdoing.
Daylight saving time starts this weekend
Let's hope that 2018 is the a year ago we lose an hour of sleep to "save" an hour of sunlight at the end of the day. If some Florida lawmakers have their way, you might never have to adjust your clocks to "spring forward" again.
Texans Won't Pursue Free Agents Who Knelt During Anthem
The Houston Texans are subtly sending a signal to NFL players who kneel during the national anthem: Players are not wanted. At the time, it wasn't lost on many players that McNair was a major supporter of President Trump.
Walmart is launching its own line of meal kits
In fact, these programs require the subscription, because frequent purchases are required for supplying the necessary items. Walmart's grocery business faced stepped-up competition when Amazon acquired Whole Foods past year for almost $14 billion.