LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Wall Street set to open higher after Yellen's dovish stance

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Thu, Jul 13, 2017
06:25 pm
Reuters

U.S. stocks looked set to open higher on Thursday, a day after Federal Reserve Chair Janet Yellen`s dovish stand on interest rates allayed investor fears of a tighter monetary policy.

Yellen`s comments were part of her two-day semi-annual monetary policy testimony before the Senate Banking Committee. She will resume her testimony at 10 a.m. ET (1400 GMT).

Investor cheered Yellen`s view of gradual increase in rates on Wednesday, with world shares hitting their fourth all-time high in less than a month on Thursday.

The Dow rose to a record high close while U.S. stocks kept their upward momentum on Wednesday following Yellen`s comments.

The U.S. economy is healthy enough for the Fed to raise rates and begin winding down its massive bond portfolio, though low inflation and a low neutral rate may leave the central bank with diminished leeway, Yellen said.

The U.S. economy grew at a "slight to moderate" pace over the last several weeks across all regions of the country, with wage pressures reported for both low- and high-skilled jobs, the Federal Reserve reported on Wednesday in its latest compendium of regional economic activity.

"Her speech was labeled as dovish due to no signs of any aggressive rate hikes or having a firm plan in relation to scaling down their balance sheet," said Naeem Aslam, chief market analyst at Think Markets UK.

Dow e-minis were up 11 points, or 0.05 percent, with 15,283 contracts changing hands at 8:40 a.m. ET (1240 GMT).

S

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:

LATEST NEWS

Karnataka School Exam News Today: Students of class one to nine will be MARKED under THIS SCHEME - check all details here

Check best Ram Navami 2021 WhatsApp status, DP, stickers, GIFs, wishes, quotes, messages and greetings

In pandemic season, not gold, but cigarettes is where smuggling rings are making big money

Discoms overdues fall to Rs 74,000 cr in March after release of 2nd tranche of liquidity package

Fundraising via bonds on private placement basis climbs 14 pc to Rs 7.72 lakh cr in FY 21

Tata Group to import 24 cryogenic containers to transport liquid oxygen amid spike in COVID-19 cases

BSE, NSE to remain CLOSED today; next stock markets holiday in May on THIS date

Cadila Healthcare target price pegged at Rs 600 by Sharekhan, says stock in sweet spot

GOOD NEWS! 10th, 12th pass candidates can earn a spot at Indian Army recruitment rally 2021 - check all details here

Nemish Shah stocks: Find out what experts have to say about this ace investor's portfolio

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved