Jerome H. Powell Archives - The Industry Spread

Asian Indices Higher, GBPUSD Retreats Ahead of Brexit Vote

October 22, 2019

Asian Indices ended higher today as investors turn cautious ahead of UK Parliaments vote on Brexit deal. Meanwhile, the US and China’s partial trade deal spill optimism in equities markets. Chinese Government wants to proceed with further discussions before signing the phase one trade deal.

Federal Reserve issues FOMC statement

August 1, 2019

Federal Reserve issues FOMC statement indicating that the labor market is strong and that economic activity has been rising at a moderate rate.

USDCAD Approaches Yearly Low

July 11, 2019

Asian indices finished higher today as Fed’s Jerome Powell testimony opens the way for an interest rate cut in the next policy meeting. The Nikkei225 finished 0.51 percent higher at 21,643 the Hang Seng finished 0.81 percent higher at 28,431. The Shanghai Composite finished 0.08 percent higher to 2,917, while in Singapore, the FTSE Straits Times index finished 0.3 percent higher to 3,350.

Equities Decline for Third Consecutive Session, US Job Openings & Powell Speech in Focus

July 10, 2019

Summary: Equities and major benchmark indices in Asian and European markets continue to decline for the third consecutive session today as bets surrounding possibility for Fed rate cut later this month continues to decline with each passing day. Asian market saw major indices drop to two and a half lows on cues from Wall Street as equities last night saw a sharp decline over the sharp drop in the price of Apple Inc., share price.