Futures Point To Higher Open For Wall Street
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Early signs from the U.S. Futures Index suggest that Wall Street might open positive on Wednesday.
The Beige Book, Import and Export Prices for March, and Business Inflation Expectations for April as well as a slew of Fed Speeches including that of Fed Chairman Jerome Powel might influence the investor sentiments today.
Asian shares finished mixed, while European shares are trading up.
As of 7.50 am ET, the Dow futures were adding 9.00 points, the S&P 500 futures were gaining 5.00 points and the Nasdaq 100 futures were up 53.00 points.
By Reuters Staff
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FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir/File Photo
(Reuters) - Dallas Federal Reserve Bank President Robert Kaplan said Wednesday it will be “a while” before the United States reaches full employment, even as he repeated his view that the Fed should begin to withdraw support from the economy sooner than most of his colleagues do.
The Fed should reduce its “extraordinary measures.at the first opportunity once we’ve reached, and are reaching, some of these benchmarks” including the weathering of the pandemic and progress toward full employment and 2% inflation, he said in a virtual appearance at the Woodlands Area Chamber of Commerce.
Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds details, updates prices)
LONDON, April 14 (Reuters) - German government bond yields rose to two-week highs in late Wednesday trade, unwinding an earlier rally when manufacturing and industrial data in the euro zone and Japan signalled hurdles ahead as the global economy battles the coronavirus pandemic.
Euro zone industrial output declined in February after expanding in January, and Japanese machinery orders fell by the most in about a year.,
Euro zone bond yields - which have tracked U.S. Treasury yields higher on hopes for a strong economic recovery later this year and higher inflation - initially dropped.
Fed’s Kaplan: will be ‘a while’ until U.S. reaches full employment
Dallas Federal Reserve Bank President Robert Kaplan said Wednesday it will be “a while” before the United States reaches full employment, even as he repeated his view that the Fed should begin to withdraw support from the economy sooner than most of his colleagues do.
The Fed should reduce its “extraordinary measures…at the first opportunity once we’ve reached, and are reaching, some of these benchmarks” including the weathering of the pandemic and progress toward full employment and 2% inflation, he said in a virtual appearance at the Woodlands Area Chamber of Commerce.
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ASIA:
International Monetary Fund (IMF) chief economist Gita Gopinath has said its 2021 GDP numbers for India were locked on March 5, around the same time the country started seeing an upsurge in Covid-19 cases and that there could be a downward risk if the country goes for a nationwide lockdown. The IMF this week had raised its growth forecast for the Indian economy by 100 basis points to 12.5% for the fiscal year 2021-22. The international monetary body expects India’s GDP to grow 12.5% in FY22, the highest among emerging and advanced economies. GDP growth for FY23 is pegged at 6.9%.