US Fed can 'be patient' in raising rates: minutes


In Asia, most shares trended higher on Thursday in morning session after a rally in the dollar was halted on political turbulence stateside while investors digested the Wednesday release of the Fed minutes. The Nasdaq Composite Index was up 12.10 points, or 0.19 percent, to 6,345.11.

Gross domestic product grew 0.6 percent quarter-on-quarter, slightly faster than the 0.5 percent increase seen in the first three months of the year, the latest flash estimate from Eurostat showed Wednesday.

The release interrupted another market session dominated by news relating to President Donald Trump, this time because he disbanded two business advisory councils after a growing number of corporate executives quit in response to his comments about the violence in Virginia last weekend.

US Fed can 'be patient' in raising rates: minutes

Trump on Wednesday praised North Korean leader Kim Jong Un for a "wise" decision not to fire missiles towards the U.S. Out of eleven, seven of the major S&P sectors were higher with.SPLRCM 0.46% rise leading the advancers. But in an example of how tensions has subsided in recent days, Trump praised North Korean leader Kim Jong Un on Wednesday for a "wise" decision not to fire missiles toward the United States territory of Guam.

The euro traded at $1.1771, having gained 0.3 percent the previous day and recovering from low of $1.1681, its lowest level in almost three weeks.

Fed minutes indicated ( that some committee members were ready to announce a date back in July, while other preferred to wait until September, but also highlighted an intense debate about the pace of inflation, which has fallen below the central bank's 2% target, calling into question the ability of the policy makers to continue to lift rates more rapidly.

North Korea: Kim Jong-un examines plans for missile attack near Guam
Jeremy Corbyn has urged Theresa May not to drag Britain into any United States military action against North Korea. On Aug. 9, North Korea issued a statement revealing that it is considering a missile strike on Guam , a U.S.

"Trump dissolving his major business groups makes the investment community even more pessimistic because this sets the stage for even more failure for him", Naeem Aslam, chief market analyst at Think Markets in London, wrote in a note.

After touching its highest level in almost three weeks earlier in the session, the USA dollar fell against a basket of rival currencies, after the business council news and the Fed minutes.

The dollar has dropped to around $1.1775 against the Euro Wednesday afternoon, from an early high of $1.1678.

Ric Flair Multiple Organ Problems ... Condition Critical
ESPN will air , Nature Boy , the long-awaited documentary about Flair as part of the network's 30 for 30 series on November 7. Barlow denied rumors that Flair had had colon surgery, but says he had a different type of surgery that she did not specify.

Oil prices fell even though US crude stockpiles declined by the most in a year, as the government also reported that domestic crude production was edging higher.

USA crude was about 0.2 percent higher at $46.88 a barrel, failing to make up most of Wednesday's 1.6 percent slide.

Industrial metals held gains following their surge overnight, underpinned by expectations of strong global demand and tight supplies. Brent crude futures were at $50.36 per barrel, up 0.2 per cent from their last close. South Korea's Kospi index rose 0.6 percent, reopening after a holiday.

Muggy With Chance Of Storms In Eastern Oklahoma
Some stronger storms will be possible bringing the threat for torrential rainfall, gusty winds, and even some small hail. If you're trying to get out to the fair, we could see a few spotty T-storms this evening and again late Thursday.