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Wall Street Poised To Open Positive


Wall Street Poised To Open Positive
Early signs from the U.S. Futures Index suggest that Wall Street might open higher.
As of 7.45 am ET, the Dow futures were adding 46.00 points, the S&P 500 futures were up 5.00 points, and the Nasdaq 100 futures were gaining 14.50 points.
The U.S. major indices finished positive on Thursday. The Dow jumped 305.10 points or 0.9 percent to 34,035.99, the Nasdaq soared 180.92 points or 1.3 percent to 14,038.76 and the S&P 500 surged up 45.76 points or 1.1 percent to 4,170.42.
On the economic front, the Commerce and Housing & Urban Development Department s Housing Starts and Permits report for March is expected at 8.30 am ET. The consensus is for 1.620 million, while it was up 1.421 million in the previous month. ....

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Fed's Kaplan wants to reduce easing at 'earliest opportunity'


By Reuters Staff
1 Min Read
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 reiterated Friday his view that the U.S. central bank should reduce its support for the economy at the “earliest opportunity,” once the pandemic is mostly over and as the economy gains steam.
“I don’t want to get in the mode of being reactive, and so reactive that we wind up being late,” Kaplan told the Texas A&M Bitcoin Conference. “We’ve got to balance the side effects of what we are doing - one is inflation, but also excesses and balances in the financial markets.” ....

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Fed's Kaplan: climate change is impacting economy


By Reuters Staff
1 Min Read
April 16 (Reuters) - Dallas Federal Reserve Bank President Robert Kaplan said Friday that while the U.S. central bank has no independent role in addressing climate change, it does need to understand it because of its “significant” effect on the economy.
Climate change and efforts to address it pose risks to the fossil fuel industry as the economy transitions to alternative energy sources, Kaplan said at the City of Dallas Climate Change Symposium, and severe weather events can disrupt and potentially destabilize the financial system. “We want to make sure that the financial system that we oversee. is resilient to these risks,” he said. (Reporting by Ann Saphir) ....

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