Dollar Falls as Yellen Says Interest-Rate Outlook Not Locked In

The dollar fell from the day™s high after Federal Reserve Chair Janet Yellen said a change in the central bank™s guidance won™t lock it into a timetable for raising interest rates. The U.S. currency rose earlier as Yellen told a Senate committee said the labor market is improving even as inflation and wage growth remain too low. The dollar has rallied this year as the U.S. economy...

Gold Posts Longest Slump This Year on U.S. Interest-Rate Outlook

Gold futures fell, capping the longest slump this year, after Federal Reserve Chair Janet Yellen failed to allay concerns that U.S. interest rates will rise, eroding the appeal of the precious metal as an alternative asset. Yellen signaled that a change in the Fed™s guidance on interest rates won™t lock it into a timetable for tightening, according to testimony prepared for delivery before the Senate Banking Committee. Gold extended...

U.S. Stocks Advance on Rate Speculation After Yellen Statement

U.S. stocks rose, sending benchmark gauges to records, after Federal Reserve Chair Janet Yellen indicated an increase in interest rates is unlikely before mid-year as inflation and wage growth remain too low. The Standard & Poor™s 500 Index rose 0.3 percent to a record 2,115.52 at 4 p.m. in New York. The Dow Jones Industrial Average gained 92.67 points, or 0.5 percent, to...

Saham AS Pangkas Gain Pasca Komentar Yellen Terkait Suku Bunga

Saham AS memangkas gain pasca mencapai level tertinggi sepanjang masa, karena para investor mengkaji waktu kenaikan suku bunga acuan pasca testimoni dari Ketua Federal Reserve Janet Yellen. Indeks Standard & Poor 500 naik kurang dari 0,1% menjadi 2,110.57 pada 12:42 siang di New York, setelah naik sebanyak 0,3% sebelumnya. Indeks Dow Jones Industrial Average naik 54,36 poin,...

Europe Stocks Extend 2007 High as Greek Shares Jump on Aid Deal

European stocks extended a seven-year high as Greece reached a bailout deal and the Federal Reserve pledged patience on raising interest rates. Greek shares surged. The Stoxx Europe 600 Index rose 0.6 percent to 387.25 at the close of trading, pushing its gains this year to 13 percent. The U.K.™s benchmark FTSE 100 Index closed at an all-time high, climbing 0.5 percent to surpass the previous record in 1999. Greece™s ASE Index soared...