Christopher Waller News

By Lucia Mutikani

Investing.com — U.S. stock futures fell Wednesday, retreating on renewed concerns that Federal Reserve interest rate cuts could still be some time away, while the earnings season continues. 

Investing.com — The U.S. dollar steadied at a one-month high amid increasing doubts over early interest rate cuts by the Federal Reserve, while sterling climbed on hot inflation data.

Investing.com — The Dow closed lower Tuesday as investors digested a slew of earnings and a jump in Treasury yields after Fed Governor Christopher Waller downplayed the need for speed on rate cuts. 

Investing.com — European stock markets fell sharply Wednesday on increased uncertainty over the likelihood of early interest rate cuts as well as disappointing Chinese growth data. 

₹61,901 per 10 grams. Silver prices also fell 0.67% to ₹71,607 per kg. International gold prices hit a near one-week low as the US dollar strengthened, while traders awaited comments from more Fed speakers this week.

The Nifty Metal index was the second worst performer for the day, behind Nifty Bank and fell 2.5% to the day's low of 7,736.15. In the 15-stock index, 14 were on the losing side. The other major losers were APL Apollo Tubes, Jindal Steel & Power and National Aluminium Company, each down by 3.3% around 2 pm on Wednesday.

A top Federal Reserve official said he's increasingly confident that inflation will continue falling this year back to the Fed’s 2% target level, after two years of accelerating price spikes that hurt millions of American households

Also Read: Government cuts windfall tax on crude petroleum to ₹1,700/tonne effective tomorrow Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a January 19 expiry, was last trading 0.72 per cent higher at ₹6,051 per bbl, having swung between ₹5,969 and ₹6,109 per bbl during the session, against a previous close of ₹6,008 per barrel. -Analysts say that oil prices may find a ceiling unless production is shut in. Oil markets are still sensitive to tensions in the Middle East, but the base case remains that we'll see no significant disruption to flows, according to OANDA analysts.

Also Read: Gold and silver prices Today on 16-01-2024 : Check latest rates in your city Fed Governor Christopher Waller is scheduled to deliver a speech on the economic outlook before the Brookings Institution, with at least other six officials due to speak this week. "Fed officials probably will keep a neutral guidance, keeping all options on the table based on incoming data. So to see gold prices tick higher, we need to remain on a soft landing path," said UBS analyst Giovanni Staunovo.

Investing.com -- U.S. stock futures slip, as markets on Wall Street prepare to reopen after a holiday on Monday. Earnings from Goldman Sachs and Morgan Stanley will be in focus, along with a speech from Federal Reserve Governor Christopher Waller. Elsewhere, Elon Musk calls for a greater stake in Tesla (NASDAQ:TSLA), saying he would prefer to build products outside the electric carmaker if his holdings are not increased.

Investing.com — U.S. stock futures fell Tuesday ahead of the release of more important bank earnings, which, along with a speech by Fed Governor Christopher Waller, could provide more clues as to the economic health of the world’s largest economy. 

Emerging-market stocks have dropped in the first half of January, something that hasn’t happened since 2016. Sentiment has taken a knock from growing uncertainty about when the Federal Reserve will begin to loosen monetary policy, with traders keenly awaiting a speech by Fed Governor Christopher Waller later Tuesday for insights. Meanwhile, investors are scrambling to price a host of geopolitical events from the Middle East to the US, where markets are weighing a potential return of Donald Trump to the White House. MSCI Inc.’s index of developing-nation stocks slumped 1.2% on Tuesday, the most in almost two weeks, to trade at its lowest since Dec. 14 and extending its January declines to 4%. The currency index was led lower by South Korea’s won and the rand as a gauge for dollar strength rose to a one-month high. The last two comparable bad starts to a year have preceded major emerging-market rallies. In 2016, the January slump followed the first Fed rate hike in almost a decade. Higher US rates sparked a brief capital flight from riskier assets, leading to an 11% plunge by mid-January of 2016. However, things soon turned around as investors chased cheaper valuations, and EM stocks began a two-year, $8.3 trillion rally. Something similar happened in 2009. The Fed dropped benchmark interest rates to near zero in December 2008, but investors fretted over the lingering effects of the global financial crisis and continued to dump emerging-market stocks well into January. Months later, as the US began a bull market, sentiment toward EM improved too, driving the MSCI gauge 75% higher over 2009. Easing Volatility Underpins Case for Emerging-Market Rebound

rupee snapped a nine-day winning streak on Tuesday, pressured by a broadly stronger dollar and a risk-off in regional markets amid high inflationary pressures continuing to cloud the interest rate outlook. The rupee ended at 82.07 to the U.S. dollar compared with its previous close at 82.88. The currency fell 0.2% on the day, marking its worst single-day fall since Sept.

Investing.com — The U.S. dollar climbed higher in early European trade Tuesday, with risk sentiment hit by increased tensions in the Middle East as well as concerns that the Federal Reserve may delay interest rate cuts .

Investing.com-- Gold prices fell slightly on Tuesday after a strong run-up in recent sessions, while a rebound in the dollar also pressured prices ahead of more upcoming economic data and signals from the Federal Reserve.

By Tom Westbrook

Gold fell slightly on Tuesday as the U.S. dollar and Treasury yields jumped, with investors awaiting comments from a host of Federal Reserve speakers this week for more clarity on the central bank's interest rate trajectory.

By Harry Robertson and Wayne Cole

U.S. stocks ended little changed on Friday as investors digested the first batch of fourth-quarter earnings and continued to assess the Federal Reserve’s rate plans for the months ahead.

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