Day: July 17, 2018

Confident remarks by Jay Powell on the outlook for the US economy helped US and European stock markets push higher

StockMarketNews.Today – Upbeat Powell testimony bolsters equities.
Dollar holds gains as Fed chair reiterates commitment to gradual rate rises.

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Asia-Pacific energy stocks take hit as oil falls to 3-month low. Greenback holds steady ahead of Fed chair Powell’s semi-annual testimony to US House.

StockMarketNews.Today – Australia’s S&P/ASX 200 was down 0.5 per cent with energy stocks slumping 2.4 per cent following a fall in oil prices on Monday. Brent crude closed 4.6 per cent lower on Monday at a three-month low on easing supply outages in Libya, and output increases from global producers.