Dovish Fed, weaker dollar lifts gold to one-week high
Chinese stocks slipped 0.6 per cent as investors sought more evidence of a sustainable economic recovery, but indexes were set for a 1 per cent increase for the week.
The dollar was hovering at five-week lows against other major currencies on Friday, as the dovish tone of the Federal Reserve's latest policy statement continued to weigh and as investors eyed the release of US data due later in the day.
A weaker dollar typically strengthens the investment appeal of precious metals, which are priced in the US currency.
Prospects for higher rates have generally been dollar-positive and gold-negative as a richer buck makes gold less attractive to investors using another currency. Canadian manufacturing sales rose for the third straight month in January as nondurable goods sales increased, led by the petroleum and coal industry, data from Statistics Canada showed.
USD/JPY held steady at 113.25, while USD/CHF edged down 0.14% to 0.9950.
MSCI's all-country world stock index gained 0.7 per cent, and hit an all-time high. The Canadian dollar was trading at C$1.3343 to the greenback, or 75.14 USA cents, stronger than Thursday's close of C$1.3347, or 74.92 US cents.
Commodities The oil market is striving to break a six day losing streak that saw Brent crude prices slump 9.1 per cent amid concerns that Saudi Arabia was not adhering to an Opec production cut deal and that increasing output by USA drillers was adding to a glut.
Against the yen, the dollar fell to a two-week low and last traded down 0.5 percent at 112.74 yen JPY=.
Since August, it tried around two dozen times to take a wall a resistance between $0.7707 and $0.7778.On the data front, USA factory output increased for a sixth straight month in February while consumer sentiment rebounded in early March, underscoring the economy's resilience even as growth appears to have slowed significantly in the first quarter. The data, showing slowing inflation, could discourage a more hawkish hiking cycle, analysts said.
UK's benchmark FTSE 100 closed down by 0.1 percent, the pan-European FTSEurofirst 300 provisionally closes up by 0.07 percent, Germany's Dax ended down by 0.1 percent, France's CAC finished the day up by 0.1 percent.
US Treasury yields, which slid after the decision, staged a recovery on Thursday and continued to rise on Friday.
Prices on benchmark 10-year Treasuries fell 8/32 to yield 2.531 percent, up from 2.504 percent late on Wednesday. The Nasdaq was flat, while the Dow and the S&P 500 posted losses.
Meanwhile, Brent crude lost 0.43% to $51.59 a barrel and West Texas Intermediate was 0.47% lower at $48.63.
The metal built on those gains Thursday with April futures contracts on the Comex market in NY touching a high of $1,234.00 at the open, up 2.8% from yesterday's settlement level.
"The people of Goa have defeated the BJP", said Singh who is here in Goa to oversee the party's affairs after counting of votes. Moreover, the party could have protested before the state governor and convince her by presenting the list of supporters.
At a price of $63.54 per share, the offer for Mobileye is a more than 34% premium from its March 10 closing price of $47.27. In its annual report for 2015, Mobileye said its products "were included in serial production vehicle models since 2007".
The Champions were without the services of Neymar and Rafinha, which saw Andre Gomes and Arda Turan handed starts. Striker Joselu was played in but his right-footed shot was sacked straight at the goalkeeper.
Butera, coming around from first, decided to make a break for home on the misplay with what would have been the winning run. The result means Mexico (1-2) and Italy (1-2) will have a play-in game on Monday to join Puerto Rico in the final eight.
China, on the other hand, is one of Pyongyang's biggest allies but has become increasingly anxious about its erratic neighbor. He has accused China of manipulating its currency to allow its goods to outsell American made products.
The Hand believe that the age of government is over; corporations rule the world now, and the Hand work to rule the corporations. Such an epic, personal struggle should elevate our understanding of his character and at least be visually dynamic.
In February, the Israeli Supreme Court ruled that the settlement is illegal as it is built on privately-owned Palestinian land. Greenblatt has already met with settler leaders which included members from Samaria Regional Council and Efrat Council.
If Wilders does win, it will be a challenge to find other parties willing to join him in forming a new coalition government. Unlike most polls, the LISS panel also asks voters to give a percentage likelihood of their voting for a given party.
House spent four seasons with Green Bay as a part-time starter before leaving in free agency two years ago. Cornerback Davon House will sign a one-year contract with the Packers, a source told ESPN.
Stocks slip ahead of Fed meeting; pound drops on Brexit move
The Netherlands has its own election this week, where politicians have also railed against the European Union and immigrants. The British government, meanwhile, has been cleared by parliament to formally begin the process of exiting the EU.
BBC Crew Get Caught in a Highly Dangerous Volcanic Eruption
Etna's last severe eruption took place in 1992, when the resulting lava put the nearby village of Zafferana in danger. Mt Etna in Sicily is one of the world's most active volcanoes, with a major eruption occurring once every few years.
Somali pirates release oil tanker and crew, officials say
Pirate Abdulaahi claimed the pirates killed a member of the marine force and injured another, but Hassan said that was untrue. Contact via a telephone call has since been made with the ship's master from the EU Naval Force operation in London.
Cancellations already stretching into Wednesday — Blizzard
Southwest canceled about 900 flights, while American Airlines , JetBlue Airways and United Airlines each cancelled more than 500. For Tuesday, almost 120 flights had already been scrapped by Sunday afternoon with hundreds more likely to come.
Durban looses rights to host the 2022 Commonwealth Games
Liverpool's hopes of hosting the 2022 Commonwealth Games have been boosted with Durban set to bow out over financial issues. The 2018 games will be held in Sydney, Australia, with the countdown officially being set off today at Buckingham Palace.