Reserve Bank of Australia (RBA)

In a poll conducted on Oct. 30 of 1,500 eligible voters in the U.S., 61% of respondents said that President Joe Biden and his policies are "significantly" or "fairly" to blame for the country's 40-year-high inflation rate. Forty-three percent of respondents blamed Biden and...

Optimism seemingly returned to the markets despite recent losses due to Fed taper speculation. US stocks rose on Monday after posting massive losses last week. Manufacturing output in the US increased for the fourth consecutive month, providing a solid economic backdrop for US markets. The...

Negotiations between World powers and Iranian officials over Iran's nuclear program are on everyone's mind as they are set to resume on Wednesday. Russian President Vladimir Putin said there is a real chance for a deal to be reached when speaking to Iranian President Hassan Rouhani. Optimism...

US markets leveled out on Thursday after posting record high gains on Wednesday following the US Federal Reserve’s decision to maintain its stimulus spending. Most are expecting to see increased volatility in equity markets on Friday as index managers rebalance their portfolios. Top News...

US Stocks slipped for the fourth consecutive day on Monday, but bond yields have continued their climb as investors anticipate the Federal Reserve’s stimulus tapering. Heavy selling has boosted long term bond rates and US 10-year treasury yields have risen to 2.9 percent. Top News In other...

Futures Flat Ahead of Fed Speak U.S. equity futures traded flat in early pre-market trade ahead of some key earnings reports, notably from drug store chain CVS (NYSE: CVS). Also, a speech from Fed President Charles Evans could move markets this morning. Top News In other news around the markets...

Futures Flat On Relaxed China Fears, Emerging Market Rebound U.S. equity futures were flat in early pre-market trade as services data out of China showed that the economy continued to chug along at low levels in July. Also, easing fears over imminent Federal Reserve tapering led to rebounds in...

Economic data and central bank meetings will dominate financial news again next week as the Bank of Japan and Reserve Bank of Australia hold their monthly policy meetings.  Key earnings reports from both HSBC and Intercontinental will also be in focus as quarterly earnings season nears its end...

Futures Flat Ahead of Earnings U.S. equity futures were relatively unchanged ahead of a busy day for earnings. Markets are now entering the heart of earnings season, a busy but exciting time. Top News In other news around the markets: Marathon Petroleum (NYSE: MPC) announced after the lose...

Overnight, the Reserve Bank of Australia (RBA) kept rates on hold for the second consecutive month after cutting its benchmark interest rate in May. The Bank has been easing policy in the face of slowing exports to China, which have weighed on growth and seen inflation slow. Rate Decision The RBA...

Futures Gain Into Fed Speak U.S. equity futures rose in early pre-market trade ahead of key speeches from FOMC voting members. New York Fed President William Dudley, who is a permanent voting member and is in charge of the open market operations for the Fed, is set to speak this morning followed...

Futures Rise Despite Weak China Data U.S. equity futures rose in early pre-market trade despite weak manufacturing data out of China. The official manufacturing PMI fell to a four-month low of 50.1 in June from 50.8 in May, in line with expectations. However, the HSBC manufacturing PMI, which...

In the upcoming week, markets will eye key economic data points in the shortened week due to the Fourth of July holiday. To note, markets will be closed on Thursday and Wednesday is a shortened trading day for equities. Key Earnings The only notable company to report earnings next week is...

The Australian economy expanded slower than expected in the first quarter reports out late Tuesday showed. The report comes just one day that the Reserve Bank of Australia, the nation's central bank, talked down the currency as the bank left open "scope for further easing" should the economy worsen...

The Australian dollar dropped sharply against its U.S. counterpart Tuesday following strong gains Monday after the Reserve Bank of Australia (RBA) made a negative assessment of the economy. The bank kept rates on hold at 2.75 percent after unexpectedly cutting rates in April from 3.00 percent and...