Fed president five issues
Fed Yellen Here are the top five of which are to be outstanding for the month of February in the financial markets issues.
1. The focus is on the attendance of the president of the Fed in Congress
The president of the Federal Reserve, Janet Yellen, will offer its biannual declarations on monetary policy in Washington during the day, for what will be his biggest appearance of the year and since the Fed will hold its controversial rise in rates interest last December.
Yellen appear before the Committee on Financial Services of the House at 10:00 (16:00 in Spain), although their statements hour and a half before published, and investors expect to provide greater clarity on future increases in interest .
It seems that the Fed president will defend the rise in interest rates in December, which was the first in nearly a decade, and insist they can still be made more gains this year despite the slowdown in the rate.
2. Oil prices recover after the sell
Oil prices rose on Wednesday, partly recovering from losses of 8% recorded for the previous day on concerns raised about the demand and the weakening of values.
The US crude stood at $ 28.48 per barrel, with an increase of 1.95% or 54 cents, at 5:50 pm, Eastern Time (11:50 Spain) coast, while the Brent up 1.68% or 51 cents to trade at $ 30.83 was noted.
The Energy Information Administration US will release its weekly report on oil reserves at 10:30 East Coast time (16:30 in Spain), on expectations that point to an increase of 3.6 million barrels.
3. Japanese stock plummet to stand at least 16 months
Japan’s Nikkei, which fell 5.4% Tuesday, has experienced another day of blows, dropping 2.3% to close at its lowest since October 2014, as the strong yen continued to weigh on confidence.
Moreover, in Asia, the benchmark of Australia closed with losses of 1.2% to reach bear market territory. Markets in Hong Kong and South Korea resumed its activity on Thursday after a holiday period, while markets in mainland China are closed all week.
4. European values interrupt their run of seven days to recover losses banks
European shares have soared on Wednesday after seven straight days of losses as investors returned to be interested in the values of a hard-hit banks.
The German DAX 30 soared 2.5%, the CAC 40 rose 2.6% and the FTSE 100 in London rose 0.3%.
Regarding the news on specific stocks, Deutsche Bank (DE: DBKGn) have soared 11% after news that the German company is considering buying back billions of euros of its own bonds.
5. Dow futures soared pending statements Yellen
Stock markets in the United States point to a higher open on Wednesday, as the future of Dow more than 100 points soared to increase interest in risky assets pending statements by the president of the Fed, Janet Yellen before Congress.
Futures on the core values of the Dow 135 points or 0.85% at the start of the day were noted; futures S & P 500 advanced 21 points, or 1.11%, while Nasdaq 100 1.5% or 59 points soared.
US stocks closed a volatile trading session on Tuesday slightly lower, as the spike occurred towards the close, led by shares of raw materials and health care, eclipsed another great trail of oil prices.
Fed president five issues
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