Investors are also cautious ahead of a Bank of England policy decision on Thursday, which many analysts say is too close to call. Sterling edged lower to $1.3022, on course for its fifth day of declines due to worries about Britain’s trading relationship with the European Union. OPEC wants to extend current oil output cuts until at least June from March, with the possibility of deeper reductions on the table if oil demand in China is significantly impacted by the spread of the new coronavirus, OPEC sources said. China’s onshore markets are closed for the Lunar New Year holidays and will resume trading on Feb. In the offshore market, the yuan was little changed at 6.9620 per dollar but was not far off a one-month low hit earlier this week. The Swiss franc, another popular safe-haven, traded at 0.9742 versus the dollar, close to its lowest in almost three weeks. In currency markets, the safe-haven yen was quoted at 109.14 per dollar following a 0.2% loss on Tuesday. The Fed is expected to reiterate its desire to keep rates unchanged at least through this year, though some analysts wonder if it could be shaken off autopilot if the virus outbreak deepens. Federal Reserve meeting later on Wednesday. ![]() Some investors were on the sidelines before the U.S. An inverted yield curve has historically been an indicator of looming recession. The yield curve briefly inverted on Tuesday when 10-year yields fell below their 3-month counterparts for the first time since October. ![]() Synonyms & Similar Words Relevance assurance composure self-confidence. Synonyms: Composure, Self-Possession, Levelheadedness Antonyms: Confusion. The yield on benchmark 10-year Treasury notes rose to 1.6545% versus a yield of 1.5821% on three-month Treasury bills in another sign that sentiment has stabilised. Related terms for instilling- synonyms, antonyms and sentences with instilling. Learning Definitions Reverse Definitions Vocabulary Sentences Sadlier. ![]() The S&P 500 rose 1.01% on Tuesday, rebounding from its worst daily decline in four months on Monday, as shares of Apple Inc rose ahead of its fourth-quarter results.Īfter the market close, Apple reported better-than-expected profits for the fourth quarter and forecast revenue in the current quarter above Wall Street expectations, which lifted some Asian tech shares.
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