Tag Archives: ongoing

Tyson Fury health: Paris opens up about husband’s ‘ongoing’ mental health struggles

TYSON FURY’S wife Paris has unveiled details about her husband’s mental health struggles ahead of the release of her book Love and Fury: The and Mayhem of life with Tyson. Speaking on This Morning, Paris explained her husband’s mental health issues are “ongoing”, but the heavyweight champion has things “under control”.

Read more here Daily Express :: Health Feed

US stocks edge higher after Fed chief talks up ongoing stimulus

The S&P 500 closed slightly higher after Federal Reserve Chairman Jerome Powell reiterated in Congressional testimony Wednesday that the United States economic recovery still hasn’t progressed enough to begin scaling back asset purchases.

By Bloomberg

Megacap tech stocks led the S&P 500 marginally higher and bond yields fell as investors turned to defensive favorites with Federal Reserve Chairman Jerome Powell making the case for maintaining economic stimulus.

The S&P 500 closed slightly higher with Powell emphasizing in Congressional testimony that the U.S. economic recovery still hasn’t progressed enough to begin scaling back asset purchases.

Apple, Google parent Alphabet and Microsoft hit record highs. Bank of America dropped after second-quarter earnings failed to impress investors, while Wells Fargo & Co. gained.

The 10-year U.S. Treasury yield retreated below 1.4% and the dollar declined. Powell added that inflation is likely to remain high in coming months before moderating.

“This supports our view that the Fed wants the economy to run hot and will tolerate a near-term overshoot in inflation,” said Steven Ricchiuto, U.S. chief economist at Mizuho Americas.


A report earlier showed prices paid to U.S. producers rose in June by more than expected, indicating pressure is mounting on companies to pass along higher costs to consumers.

The June U.S. consumer inflation print on Tuesday topped all forecasts and pointed to higher costs associated with the reopening from the pandemic. Powell reiterated that Fed officials expect such pressures to be transitory but some commentators see a risk of more durable increases that could force a quicker-than-expected reduction in stimulus.

“The Fed remains laser-focused on the employment situation,” said Ross Mayfield, investment strategy analyst at Baird. “So while the recovery in parts of the economy is totally complete and has even surpassed pre-covid levels, the fact that we’re still about 7 million short of pre-pandemic nonfarm payrolls, labor force participation is weak, and the unemployment rate is above 4-5% means the Fed will remain accommodative. But no doubt the inflation numbers are starting to put them in a bind.”

Global stocks remain close to a record and a range of other factors are influencing the outlook. They include the spread of the more contagious Covid-19 delta variant, the possibility of a peak in earnings and economic growth, and U.S. fiscal spending plans.

Oil fell with gasoline and distillate inventories rising as well as an increase in the U.S production during peak summer demand.

Here are some events to watch this week:

  • Bank of Korea monetary decision Thursday
  • Bank of Japan interest rate decision Friday

These are some of the main moves in financial markets:

Stocks

  • The S&P 500 rose 0.1% as of 4:05 p.m. New York time
  • The Nasdaq 100 rose 0.2%
  • The Dow Jones Industrial Average rose 0.1%
  • The MSCI World index was little changed

Currencies

  • The Bloomberg Dollar Spot Index fell 0.5%
  • The euro rose 0.5% to $ 1.1835
  • The British pound rose 0.3% to $ 1.3859
  • The Japanese yen rose 0.6% to 109.97 per dollar

Bonds

  • The yield on 10-year Treasuries declined seven basis points to 1.35%
  • Germany’s 10-year yield declined three basis points to -0.32%
  • Britain’s 10-year yield was little changed at 0.63%

Commodities

  • West Texas Intermediate crude fell 3.4% to $ 72.72 a barrel
  • Gold futures rose 1% to $ 1,828.20 an ounce

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This post originally posted here Al Jazeera – Breaking News, World News and Video from Al Jazeera

Dogecoin prediction: DOGE enthusiasts prepare for downturn amid ongoing crash

Later this week, Chinese regulators announced plans to tighten regulations.

A statement from the National Internet Finance Association of China, the China Banking Association and the Payment and Clearing Association of China read: “Recently, cryptocurrency prices have skyrocketed and plummeted, and speculative trading of cryptocurrency has rebounded, seriously infringing on the safety of people’s property and disrupting the normal economic and financial order.”

The ban would mean banks, financial institutions and payment companies would be banned from offering clients any service involving cryptocurrency.

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This post originally appeared on Daily Express :: Finance Feed