Published: Sat, February 17, 2018
Markets | By Noel Gibbs

TSX rises with energy stocks — At midday

TSX rises with energy stocks — At midday

MSCI's index of stock markets across the globe gained 0.54 percent, while the pan-European FTSEurofirst 300 index of leading regional shares rose 1.11 percent to a preliminary close of 1,491.90.

The dollar remained stuck to its two-week lows even after Treasury yields swelled in anticipation of more rapid US interest rate hikes. European stock markets flipped from gains to losses after the release, while U.S. stock indexes and U.S. Treasury bond prices fell.

Q: How bad was this market drop?

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The RS line also has turned up, crossing above its own 50-day line, like the RS lines of Apple and Applied Materials.

The dollar fell to 107.09 yen from 107.69 yen.

Kris Jenner Turned All The Way Up For Drunken Valentine's Day Karaoke
Ain't nothing like reminiscing over the long lost loves of the 90s to make you really treasure what you've got going on. And despite his vocal support for Trump past year , there's an image of Michelle and Barack Obama on his feed.

The broad-based S&P 500 gained 35.70 points (1.34 per cent) to end the session at 2,698.64, while the tech-rich Nasdaq Composite Index jumped 130.10 points (1.86 per cent) to 7,143.62.

Alongside strong movements in values, the US Equities market has since seen an uptick to 3% this week. Agnico Eagle Mines was among the biggest drags on the index, down 4.9 per cent at $53.56, while First Quantum Minerals declined 2.6 per cent to $20.83. "Corporate earnings are surging", Ameriprise chief market strategist David Joy said.

For those who believe 2017 was a one-off showing for the S&P 500 in the face of rising rates, it's time to think again.

Q: What could trip things up?

Investors were anxiously awaiting the data on consumer prices. Core retail spending-excluding autos - also disappointed, recording no growth in the month of January after a DOWN-wardly revised 0.1% (from 0.4%) in the previous month. "It shows the volatility is getting priced out of the market".

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

U.S. secretary of state meets with Jordan king in Amman
According to Shoukry, his talks with Tillerson on Monday morning were focused on Egypt's fight against terrorism. The US is not expected to make a direct governmental contribution at the conference, however.

The markets will be watching new Fed Chairman Jerome Powell when he deliver a report on monetary policy to the House of Representatives on Feb. 28, and when he holds a scheduled press conference following the Fed's next policy-making meeting on March 21.

"Rising inflation goes hand-in-hand with a growing economy (or that is at least the textbook view) and a growing economy should translate into good earnings growth".

A government report earlier this month showed that year-over-year wages grew 2.9 percent in January, the biggest annual increase since June 2009. This week has seen its initial worries with inflation and interest rates swapped out with a new bullish trend. But it remains more expensive than its median of 14.8 over the last 15 years.

Baidu is in a consolidation with a 275.07 buy point, though aggressive investors could use 265.87 as an early entry.

The Russell 2000 index of smaller companies gained 15.10 points, or 1 percent, to 1,537.20.

Wall Street stocks enjoyed more solid gains on Thursday, climbing for a fifth straight session and shrugging off fresh data showing higher inflation.

Iranian President Hassan Rouhani arrives in Hyderabad
The plan is for India to equip and operate two berths in the port with a capital investment of $85.21 million on a 10-year lease. He is also scheduled to visit Salarjung Museum, famous for the world's largest one man collection of artefacts.

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