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Trump deepens Goldman ties as he builds out economic team

Trump deepens Goldman ties as he builds out economic teamIn the heat of the presidential campaign, Donald Trump accused primary rival Ted Cruz of being controlled by Goldman Sachs because his wife, Heidi, previously worked for the Wall Street giant. He slammed ...


Bursa Malaysia likely to trend higher next week

KUALA LUMPUR: Bursa Malaysia is likely to trend higher next week on the back of better sentiment brought by the strong performance of Wall Street, which had a spillover effect on its Asian counterparts.Affin Hwang Investment Bank Vice President/Head of Retail Research, Datuk Dr Nazri Khan Adam Khan, said other than the US reaching record highs, the European Central Bank is also set to liquidate the market with a quantative easing bond buying programme for 2017. ...

Wall St Weekahead: Hawkish Fed a potential speed bump for stock bulls

Traders work on the floor of the NYSEBy Caroline Valetkevitch NEW YORK (Reuters) - Next week's Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen since last month's presidential election. While investors have long anticipated the Fed will raise rates at the Dec. 13-14 meeting - in what would be its first such move in a year and second in nearly a decade - the worry for some stock investors is that the Fed takes a more aggressive stance on inflation and future hikes. Stocks have set a string of record highs since the Nov. 8 election on hopes of a pickup in U.S. economic growth, thanks to President-elect Donald Trump's promises of increased infrastructure spending, lower taxes and easier regulations.


Hawkish Fed a potential speed bump for stock bulls

Traders work on the floor of the NYSENext week's Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen since last month's presidential election. While investors have long anticipated the Fed will raise rates at the Dec. 13-14 meeting - in what would be its first such move in a year and second in nearly a decade - the worry for some stock investors is that the Fed takes a more aggressive stance on inflation and future hikes. Stocks have set a string of record highs since the Nov. 8 election on hopes of a pickup in U.S. economic growth, thanks to President-elect Donald Trump's promises of increased infrastructure spending, lower taxes and easier regulations.


Fresh records for US stocks; European shares mostly up

All three Wall Street stocks surged to fresh records December 9, 2016, reaching new highs for the second straight sessionNew York (AFP) - Wall Street stocks surged to fresh records yet again Friday, with all three major indices jumping to new highs for the second straight session.


Trump to name Goldman executive Cohn to key economic post

Gary Cohn, Goldman Sachs Group Inc president and chief operating officer, arrives for a meeting at Trump Tower to speak with U.S. President-elect Donald Trump in New YorkBy Steve Holland BATON ROUGE, La. (Reuters) - U.S. President-elect Donald Trump will likely ask a senior Goldman Sachs banker to coordinate economic policy across his administration, turning again to Wall Street for expertise in managing the world's largest economy, a transition official said on Friday. Trump's pick of Goldman President Gary Cohn, 56, to head the White House National Economic Council comes despite Trump's past criticism of the financial sector's power. Trump hammered Goldman and its Chief Executive Officer Lloyd Blankfein during the presidential campaign, releasing a television ad that called Blankfein part of a "global power structure" that had robbed America's working class.


Wall Street rises with Treasury yields, euro slides

People walk past an electronic board showing Japan's Nikkei average outside a brokerage in TokyoBy Sinead Carew NEW YORK (Reuters) - U.S. stocks closed higher on Friday as more investors piled in on the presidential election rally while the euro continued to weaken after the European Central Bank?s decision a day earlier to extend economic stimulus. The S&P 500 stock index had its best week in four and its biggest gainers on Friday were the consumer staples and healthcare sectors, which have been two of the weakest in the rally following Donald Trump's election as U.S. President. "Today we're seeing money going into some of the lesser loved sectors since the election, which is telling me the rally is broadening which is a very positive sign," Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.


Record-setting rally pushes on as S&P ends week up 3 percent

Traders work on the floor of the NYSEMajor U.S. stock indexes powered to another day of fresh record highs on Friday, with the S&P 500 ending the week up 3 percent, as investors bid up shares in sectors that have lagged in the month-long rally since Donald Trump's presidential election. The benchmark S&P 500 registered a record high for the third straight session, while the Dow and Nasdaq also hit new highs. The Dow recorded a fifth straight week of gains.


 
 
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