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  • Asia stocks set to fall on Fed’s dour outlook

    first_imgAustralian S&P/ASX 200 futures were down 1.08 percent, while Japan’s Nikkei 225 futures fell 1.2 percent. Hong Kong’s Hang Seng index futures were 0.31 percent lower.The S&P 500 and Dow Jones benchmarks both moved between gains and losses after the Fed statement, which was the first projections from the US central bank on the economy since the coronavirus outbreak.An S&P index of bank shares, which tend to benefit from rising rates, fell 5.8 percent in its biggest daily percentage decline since April 15, and the S&P 500 financial index was the biggest drag on the benchmark index.“The broad downgrade in banking stocks came as the market wasn’t sure what the extent of their loan loss provisions would be,” Cox said. Asian stocks were set to fall on Thursday after gloomy economic projections from the US Federal Reserve sent the greenback and most Wall Street shares lower.Fed officials at their policy meeting on Wednesday said US gross domestic product is expected to decline 6.5 percent this year. They also flagged the need to keep the key interest rate near zero through at least 2022.“The Fed is basically saying they’re going to keep the system solvent and at the macro level there’s no room for failures but at the micro level there’d be some businesses that won’t survive,” said Jamie Cox, Managing Partner at Harris Financial Group. The Nasdaq benchmark, however, continued its record-breaking rally for the third consecutive session helped by gains in shares of Microsoft and Apple, with investors viewing technology as a defensive sector with massive growth opportunities, Cox added.On Wall Street, the Dow Jones Industrial Average fell 1.04 percent, the S&P 500 lost 0.53 percent, while the Nasdaq Composite gained 0.67 percent.The dollar fell to a three-month trough against the euro, sterling and Swiss franc after the Fed’s pledge to keep monetary policy loose until the US economy is back on track.The greenback fell about 0.4 percent against a basket of major currencies to 95.882 after earlier sliding to 95.714, a level not seen since mid-March.The euro rose as high as US$1.1422 and sterling reached $1.2812, with the dollar hitting a three-month low of 0.9425 franc versus the Swiss currency.US Treasury yields fell as the Fed promised to maintain monthly bond purchases at “the current pace” of about $80 billion in Treasuries and $40 billion in agency and mortgage-backed securities.Benchmark 10-year Treasury yields fell 9 basis points to 0.744 percent. Two-year yields, which are the most sensitive to rate changes, fell 3 basis points to 0.177 percent.Oil rebounded from earlier losses, even as US data showed crude inventories rose to a record high, reviving worries of a persistent glut due to weak demand.Crude stocks rose by 5.7 million barrels in the week to June 5 to 538.1 million barrels, according to a US Energy Information Administration report. [EIA/S]Brent crude settled up 55 cents to $41.73 a barrel. US West Texas Intermediate (WTI) rose 66 cents to $39.60 after falling more than 2 percent in the session.Topics :last_img read more

  • NFL Trade Rumours: Cowboys to bring former Patriots kicker as possible Maher replacement?

    first_img COMMENT Written By Last Updated: 9th December, 2019 23:06 IST NFL Trade Rumours: Cowboys To Bring Former Patriots Kicker As Possible Maher Replacement? NFL Trade Rumours: Cowboys will be bringing in former Patriots kicker Kai Forbath for a tryout as a possible replacement for Brett Maher. Read on for details. LIVE TV SUBSCRIBE TO US WATCH US LIVE First Published: 9th December, 2019 23:06 IST Also Read | Dallas Cowboys Vs Chicago Bears Live Streaming Details, Schedule, Team News, Preview FOLLOW US Brett Maher missed his 10th field goal attempt of the season in their game against the Bears last Thursday. Jason Garrett, the head coach of Dallas Cowboys, has now revealed that they will continue to evaluate the situation after Maher missed a 42-yard attempt last Thursday against the Bears. Brett Maher has already missed his 10th field goal attempt of the season. According to NFL, this is more than any NFL kicker in a single season within the past four years.Also Read | Dallas Cowboys Trolled Hilariously After Mitch Trubisky Leads Chicago Bears To 31-24 WinJason Garrett opens up on Brett Maher’s recent strugglesSpeaking of the situation, Garrett stated that the team will continue to address the same and revealed that nothing has been finalized just yet. He further clarified that there is no question that they have to do a better job of making those kicks, and Brett Maher will be the first person to tell you that. Garrett had earlier worked out three free-agent kickers for his team, but decided to stick with Brett Maher for their game against the Bears. Vizcaino, Rose and Austin MacGinnis had all had workouts recently, but the Cowboys did not sign any of them. MacGinnis and Vizcaino were not even a part of a single regular-season game. Post the tryout, Jason Garrett stated that the trio did a decent job, but Brett would be their kicker going forward.Also Read | Dallas Cowboys Kicker Brett Maher Sets Unwanted NFL Record During Loss Against BearsNFL trade rumours: Dallas Cowboys to bring in former Patriots kickerThe Dallas Cowboys are now set to bring in kickers Kai Forbath, Nick Rose and Tristan Vizcaino for the workouts on Monday, as reported by multiple sources. Forbath, who was recently released by the Patriots, is a new addition to both the workout pool and the open market. Forbath had to be let go by the team as they brought back Nick Folk post his successful surgery. The Dallas Cowboys have been on the lookout for upgrades at kicker due to Brett Maher’s recent struggles.Also Read | NFL Trade Rumours: Antonio Brown To Continue Exile Despite Patriots Struggle Vs Chiefs Danish Ansari last_img read more

  • Table tennis player of Mostar are the new champions of BiH

    first_imgTable tennis players of Mostar have won the title of BiH Champion after defeating table tennis club ‘Zenica’ with 4:0, they defeated table tennis club ‘Mladost’ with 4:1 in the second match of the finals.This is the second trophy for table tennis club ‘Mostar’ because earlier this year they won BiH Cup.After the last match, medals and trophies were awarded to best table tennis players of BIH.(bljesak.info)last_img

  • Moose Talks – Bob Zimmer and Mavis Erickson

    first_imgThis week on Moose Talks, host Dub Craig spoke with two of the candidates running in Prince George-Peace River-Northern Rockies.  His first guest is incumbent Conservative candidate Bob Zimmer.  Dub also spoke with Mavis Erickson the candidate for the Liberal Party of Canada.Watch the full show here:Moose Talks airs every Friday on Moose FM at 10 a.m. or online on the Facebook pages of Moose FM and Energeticcity.ca. On next week’s show, we will feature more of the candidates running in the Prince George-Peace River-Riding.  Over the next few weeks, each candidate will be given the opportunity to participate in the show.  The other candidates running in this riding include:Incumbent Bob Zimmer from the Conservative PartyRon Vaillant representing the Peoples Party of CanadaMavis Erickson of the Liberal PartyCatharine Kendall of the Green PartyMarcia Luccock representing the NDP Party- Advertisement -Remember election day is October 21.  The Fort St. John Chamber of Commerce and all local media will host an all-candidates forum at the Lido Theatre on Thursday, October 10.  The forum will start at 7 p.m.last_img read more