World Week Ahead Investors bet on economy

Sun, 16 Feb 2014

Feb. 17 (BusinessDesk) – Minutes from the latest US Federal Reserve meeting and corporate earnings from companies including Coca-Cola and Wal-Mart will be scrutinised for clues to justify the newfound confidence about the US economic outlook. In the past five days, the Dow Jones Industrial Average climbed 2.3 percent, as did the Standard & Poor’s 500 Index, while the Nasdaq Composite Index advanced 2.9 percent. Meanwhile, US Treasuries fell, with yields on the 10-year bond climbing six basis points to 2.74 percent. Fed Chairman Janet Yellen...

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