Category: Market Feeds
JPMorgan Chase & Co.’s Douglas Braunstein was grilled by U.S. senators after saying he couldn’t remember how Chief Executive Officer Jamie Dimon reacted when the bank resumed sending reports to a regulator.
Democrat Carl Levin of Michigan, the head of the Permanent Subcommittee on Investigations, asked about Dimon’s reaction after a panel report yesterday saying the CEO told executives last year to stop sending the investment bank’s daily results to the Office of the Comptroller of the Currency. Dimon believed “it was too much information,” the report said, citing an interview with an OCC examiner.
The dollar held near a 3-1/2-year high against the yen and was little changed against the euro on Monday after last week’s stronger-than-expected U.S. jobs growth fueled speculation the Federal Reserve could back off its ultra-loose monetary policy sooner than anticipated.
The number of Americans who filed for unemployment benefits declined to a six-week low, showing further improvement in the labor market.
First-time jobless claims unexpectedly fell by 7,000 to 340,000 in the week ended March 2, the lowest since the period ended Jan. 19, according to data today from the Labor Department in Washington. The median forecast of 50 economists surveyed by Bloomberg called for an increase to 355,000. The four-week average dropped to a five-year low.
The euro slipped against the dollar Monday as caution ahead of a round of monetary policy meetings this week pushed the currency to its lowest level against the greenback in over two months.
The euro traded at $1.3019, down from $1.3066 late Friday.
Major stock indexes bobbed between losses and gains Monday afternoon before ending the day higher, as uncertainty about the outcome of a budget battle in Washington pushed most world stock markets lower.
The Dow Jones industrial average is at 14,127.82, within 40 points of an all-time record of 14,164.53 and its second-highest finish ever. It gained 38 points, or 0.3%, on Monday.
Gaining 0.45% and 0.4% respectively were the S&P 500 and the Nasdaq composite.
Chinese shares dived because of government moves to cool high housing prices.
BRUSSELS — Jeroen Dijsselbloem, a newly inaugurated boss of a organisation of ministers overseeing a euro, pronounced on Monday he wanted to reanimate a difference over purgation policies that had bred distrust between southern and northern nations regulating a currency.
Mr. Dijsselbloem, 46, a Dutch financial minister, also pronounced he wanted to urge a status of a group, and a picture of a currency, after 3 years of near-constant crises and moments of low division.
The usually antithesis during a opinion to elect Mr. Dijsselbloem, hold late Monday, came from Luis de Guindos, a Spanish economy minister. Mr. Dijsselbloem, whose tenure lasts two-and-a-half years, told a news discussion that Mr. de Guindos offering no reason for a preference though he pronounced a Spanish pierce should not “lead to thespian consequences.”
Spain is among a countries in southern Europe to have been hardest strike by a purgation policies that northern nations like Finland, Germany and a Netherlands have insisted on as an critical resolution to a euro crisis.
Dollar Tumbles, Euro Soars After Fed Unveils New StimulusCNBC.comThe euro remained firm after Germany’s Constitutional Court on Wednesday cleared ratification of the euro zone’s permanent rescue fund, paving the way for the European Central…
Asian bonds fell a fifth day, with the informal benchmark index headed for a longest losing
streak in dual months, as mercantile reports from a U.S. to China and Australia stoked regard tellurian expansion is slowing.