In london and midday in hong kong, i am tracy. We had a pretty macro heavy week last week, we had the fed we also had noises out of the ecb and the bank of japan. Lets look at how markets closed in the u. S. A bit of a mixed day for u. S. Market, s p 500 closing down about three points. As was pointed was up but it seems like the rally lost a. Ittle bit of steam the russell 2000, amazing gains since donald trump got elected. Lets look at the european markets, the ftse, the dax and it seems like the optimism we saw on wednesday was running out of steam. Where we saw optimism was here in the middle east where we are two hours away from the opening of a fresh week in emirates markets. Lets take a look at what happened on thursday, strong gains amid a broad rally on emerging markets. Dubaillar rally up the up twop, qatari stocks thirds of a percent. Again, a stunning, stunning rally in emerging markets. A softer dollar and a recovery in oil where we had rent and the wti holdingt and some g
Hearing on the potential congressional role in the Iran Nuclear Deal. First, lets get you to the top stories we are following. A good day for jpmorgan shareholders. Profit climbed 12 in the first quarter, beating analyst estimates. An increase in trading revenue the First Time Since 2010. Higher volatility helped drive the quarter. Investment banking fees also saw a doubledigit increase. Good news for wells fargo. It beat analyst estimates thanks to lower interest rates. That encouraged more barbers to buy homes or refinance debt. Wells fargo was the nations largest home lender and most valuable u. S. Tank. The imf says the stronger dollars helping japan and the euro area but taking some steam out of the u. S. Recovery. The imf kept its prediction for Global Growth unchanged at 3. 5 . The imf is depicting a role economy being shaped by swings and currency and the drop in oil prices. The price of oil has helped. This is leading us to have higher forecast for the eurozone. The main risk