Us close_ stocks end mostly higher as investors digest earnings, yellen comments _ digitallook. com

US equity markets ended mostly higher on Wednesday, while the dollar gained ground following comments from Federal Reserve chair Janet Yellen, although banking heavyweights Goldman Sachs and Citigroup ended in the red.

Meanwhile, oil prices dropped on the strength of the dollar, with West Texas Intermediate down 2.2% to $51.34 per barrel and Brent crude down 2.3% to $54.22.

The greenback recovered from losses in the previous session when President-elect Donald Trump told the Wall Street Journal he was concerned about the dollar’s strength against the yuan. Database field definition Comments from Janet Yellen also provided a boost, after she said in a speech that she expects rate hikes a few times a year until the end of 2019.

On the corporate front, both Goldman Sachs and Citigroup ended on the back foot.


Data recovery windows 7 Goldman’s quarterly earnings were better than expected, but Citi’s revenues fell short of expectations.

JP Morgan edged up as it denied any wrongdoing in the settlement of a case brought by the government that claimed the bank discriminated against black and Hispanic mortgage seekers.

On the data front, the US consumer price index rose 0.3% in December, after a 0.2% gain in November. Nexus 4 data recovery In the 12 months through to December, the index increased 2.1%, the largest year-on-year gain since June 2014.

Meanwhile, the NAHB housing market index fell to 67 in December from a reading of 69 the previous month, which was revised down from 70. Database version 706 Analysts had expected a drop to 69.

Michael Hewson, chief market analyst at CMC Markets, said: “The latest inflation numbers for December showed that despite the higher dollar inflationary pressure has continued to build within the US economy, while investors will be looking keenly towards tonight’s speech by Federal Reserve chief Janet Yellen, for any further clues as to how the Fed’s thinking on what is likely to happen with the US economy over the next few months.”

European stocks were little changed on Friday, as investors bided their time ahead of Donald Trump’s inauguration, with basic resources in the red following uninspiring Chinese growth figures.

Supergroup founder Julian Dunkerton sold a hefty amount of shares in the £1.25bn market cap fashion retailer, even as its shares continued to trade near their record highs.

Sterling eked out mild gains against most major currencies, barring the euro, as global markets turned their attentions to the inauguration of Donald Trump, now US president.

Cyclicals led gains, spearheaded by oil service and general industrial issues, alongside an advance in stock of BT Group after the UK telecoms incumbent let it be known it would be raising prices for its broadband and landline services.

Markets´ focus during the coming week would likely be on the new US president´s first days in office, with some reports indicating that he might be set to move quickly from the ‘get-go’, with a possible renegotiation of some aspects of the NAFTA treaty likely high on the agenda.

Technology company Seeing Machines announced on Friday that, further to its announcement on 13 December, valid acceptances of the Australian and overseas offers had been received in respect of £1.4m, through the issue of 35,695,382 new ordinary shares at a price of 4p apiece.

Procter & Gamble, the US company behind brands such as Head and Shoulders shampoo and Gillette shaving equipment, reported better-than-expected quarterly net income and revenue on Friday.

As the Trump era dawns US equity markets were little changed on Friday, with investors holding back from making big deals as they watched the inauguration of the country’s 45th president.

banner