Fed Softness will Break the Dollar

Markets are trading flat in anticipation of Fed Chairman Powells speech. FOMC comments and hints of future policy changes could also shape the dollar over the coming months. Market observers are once again cautiously waiting for a change in the tone of commentary following solid labour market data, record growth in manufacturing activity and a […]
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Japan Shares Inch Up, Corporate Outlook Worries Cap Gains

TOKYO, April 28 Reuters Japanese shares rose on Wednesday, led by technology stocks, although gains were capped by concerns about corporate outlook, while investors awaited a decision by the U.S. Federal Reserve and President Joe Bidens address to Congress. The Nikkei share average inched up 0.29 to 29,075.62 by 0208 GMT, while the broader Topix […]
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BainLed Consortium to Buy Hitachi Metals for 7.5 Billion

TOKYO Reuters A consortium led by global private equity firm Bain Capital will buy all the shares of Hitachi Metals Ltd for 817 billion yen 7.5 billion, Hitachi Ltds metals subsidiary said on Wednesday. For Hitachi, which currently owns 53 of Hitachi Metals, the deal is the latest divestiture in a decadelong business overhaul to […]
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Euro Zone Bond Yields Rise ahead of Fed

April 28 Reuters Euro area bond yields tracked Treasury yields higher on Wednesday, ahead of the close of the U.S. Federal Reserves policy meeting later in the session. While no major policy changes are expected at the meeting, investors will pay close attention to Chairman Jerome Powells comments for further insight into the banks thinking […]
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JPY, AUD Down; FOMC, Biden Speech this Evening

Rates as of 0500 GMT Note The USD and CAD indices are not updating. Market Recap Note Im having problems gauging exactly whats happening in the market as Deutsche Banks USD and CAD tradeweighted indices arent updating. I use those because theyre the only series that I can get that are built in a consistent […]
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Sterling Takes Back Seat to Dollar ahead of Fed

LONDON, April 28 Reuters Sterling edged lower to the dollar on Wednesday as the greenback strengthened across the board ahead of the Federal Reserve meeting later in the day. The dollars strength is likely to be transitory, analysts say, as the U.S. central bank is widely expected to maintain its policy settings and Fed Chairman […]
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