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Futures Point To Broadly Positive Open

Futures Point To Broadly Positive Open
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Asian shares finished mixed on Thursday, while European shares are trading lower.
Early cues from the U.S. Futures Index suggest that Wall Street might open broadly positive.
Trading on Thursday might be impacted by reaction to the latest economic data, including reports on weekly jobless claims and producer price inflation.
As of 7.30 am ET, the Dow futures were sliding 92.00 points, the S&P 500 futures were adding 1.50 points and the Nasdaq 100 futures were gaining 67.25 points.
The U.S. major averages ended Wednesday just off their lows of the session. The Dow tumbled 681.50 points or 2 percent to 33,587.66, the Nasdaq plummeted 357.75 points or 2.7 percent to 13,031.68 and the S&P 500 plunged 89.06 points or 2.1 percent to 4,063.04. ....

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Fed's Barkin says it is not time yet to talk about taper

By Reuters Staff
1 Min Read
May 3 (Reuters) - Richmond Federal Reserve Bank President Thomas Barkin on Monday said he believes the U.S. economy is still short of meeting the bar the central bank has set for considering any reduction in its bond-buying program.
In an interview with CNBC, Barkin said he is closely tracking the employment-to-population ratio, which moved up to 57.8% in March from 57.4% in December; pre-pandemic it was at 61.1%. “It’s only modest progress,” Barkin said. “We have an outcome-based policy; when the outcomes look like substantial forward progress, that’s the time to talk about it” (Reporting by Ann Saphir; Editing by Leslie Adler) ....

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Wall Street Set To Start Low

Wall Street Set To Start Low
WASHINGTON (dpa-AFX) - A slew of Fed speeches and FOMC minutes of its latest monetary policy meeting might be the highlights on Wednesday.
Asian shares finished broadly up, while European shares are trading mostly down.
The U.S. Futures Index point to lower open for Wall Street.
Fear of an increase in COVID-19 infection is buoyant in several countries, while half of U.S. adults received the first dose of vaccine.
As of 8.05 am ET, the Dow futures were down 1.00 points, the S&P 500 futures were at 0.00 points and the Nasdaq 100 futures were sliding 3.25 points. ....

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Fed's Barkin sees excess savings driving economy for years

Fed's Barkin sees excess savings driving economy for years
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Fed's Barkin says inflation to fall back next year | WTAQ News Talk | 97.5 FM · 1360 AM

Fed's Barkin says inflation to fall back next year | WTAQ News Talk | 97.5 FM · 1360 AM
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