Read More

US Stocks Look To Close Volatile Week On A High — Fed’s Preferred Inflation Gauge, New Home Sales Data, Tesla, AMC In Spotlight

Stocks could be in for a higher opening on Friday, as indicated by the trading in the index futures. Key economic data will have a bearing on the day’s market direction, although conviction in the potential move could be less due to the thin trading volume that is characteristic of pre-holiday trade.

AMC

Read More

Yen Falls To 32-Year Low Against The Dollar

It’s one of the many effects of the rise in interest rates in the United States: The Japanese yen has fallen to a 32-year low versus the dollar. The government in Tokyo will not allow its 10-year yield to rise above 0.25% — it’s a government finance policy mandate — so global investors avoid it in favor of the U.S. 10-year rate at 4%.

FXY