FOREXLIVEAre we due a turnaround Thursday? The dollar is keeping a little firmer now as we look towards European trading, after the sort of poker game from the events yesterday. It was a case of CPI giveth, Powell taketh away as markets had to adjust their convictions back and forth in reaction.
It's now time to digest things further before we get to another round of US data later in the day. And that will feature the weekly jobless claims as well as the PPI report for May.
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European stocks closed lower on Thursday on concerns the Federal Reserve might not reduce interest rates more than one time this year despite soft consumer price and producer price inflation data.
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John Wiley & Sons, Inc. (WLY) reported Thursday net income for the first quarter of $25.27 million or $0.46 per share, sharply lower than $68.34 million or $1.22 per share in the prior-year quarter.
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Asian stocks rose broadly on Thursday as soft U.S. inflation data helped keep the door open for a Federal Reserve rate cut in September.
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While announcing its widely expected decision to leave interest rates unchanged on Wednesday, the Federal Reserve also revealed officials now expect only one interest rate cut this year. In support of its goals of
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Asian stocks drifted lower on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates.
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