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LONDON (Reuters) - U.S. stock futures were buoyant before the open on Friday after the S&P 500 rose to a record on Thursday on easing inflation fears, and world stocks also scored a record high.
FILE PHOTO: Traders work, as a screen shows Federal Reserve Chairman Jerome Powell s news conference on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 30, 2019. REUTERS/Brendan McDermid/File Photo
Federal Reserve Chair Jerome Powell signalled at an International Monetary Fund event that the central bank was nowhere near reducing support for the U.S. economy, saying that while economic reopening could result in higher prices temporarily, it will not constitute inflation.
U S stock futures buoyant on inflation view - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Fed officials back dovish Powell view despite outlook
POSITIVE FORECAST: Although the Fed remains far from its goals, some officials said that they expect a rebound with vaccines, increased spending and low interest rates
Bloomberg
US Federal Reserve Chairman Jerome Powell’s dovish message on an incomplete economic recovery won the day when officials met last month, with a record of the gathering showing a unanimous near-term policy outlook, minutes released on Wednesday showed.
“Participants noted that it would likely be some time until substantial further progress toward the committee’s maximum-employment and price-stability goals would be realized,” minutes from the March 16-17 Federal Open Market Committee (FOMC) meeting showed.
A Peek Into The Markets: US Stock Futures Edge Higher Ahead of Fed Minutes benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Oil prices under pressure following large gasoline build (SPY -0.1%). Biggest midday movers: Carnival, Dell, AMC Entertainment.
Here is the current market situation from CNN Money
North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Optimism Returns To Canada s Oil Industry Optimism is returning to the Canadian oil industry as demand rebounds and production follows, Bloomberg has reported, citing the chief of the Canadian Association of Petroleum Producers. There s no denying that we ve been beaten, battered and wounded and industry was faced with some of the biggest challenges last year we ve ever seen, Tim McMillan said at the Scotiabank CAPP Energy Symposium. Our industry still has its best days ahead of it. In fact, over the past year, our industry has rallied and w