Charles Evans

Charles Evans News

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  S&P 500 Returns to Record While U.S. Treasuries Advance

  The Standard & Poor’s 500 Index returned to a record as a Federal Reserve official said bond purchases should continue and Goldman Sachs Group Inc. forecast the stock rally will last at least through 2015. Treasuries rose and the yen pared earlier losses while grains and gold fell.

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  U.S. Stocks Rise as Bullard Says Stimulus Should Continue

  U.S. stocks rose, sending benchmark indexes to records, after Federal Reserve Bank of St. Louis President James Bullard said the central bank should continue its bond buying to boost growth that is slower than expected.

• Treasuries Advance After Fed Officials Back Bond-Buying Stimulus

  Treasuries rose for the first time in three days as comments from Federal Reserve officials added to speculation Chairman Ben S. Bernanke will emphasize the need to sustain stimulus when he speaks before Congress tomorrow.

• Gold, Silver Fall on Bets Fed May Cut U.S. Bond Purchases

  Gold and silver futures resumed slumps on speculation that the Federal Reserve may scale back U.S. debt purchases, curbing demand for the precious metals as a store of value.

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  Asia Stocks Fall From Five-Year High as ICBC Declines

  Asian stocks retreated from the highest level since June 2008 as Australian banks dropped and Industrial & Commercial Bank of China Ltd. fell after Goldman Sachs Group Inc. sold a $1.1 billion stake.

• Aussie Remains Higher Versus Dollar Before Bernanke Testimony

  Australia’s dollar held its biggest gain in two months against the greenback before Federal Reserve Chairman Ben S. Bernanke speaks in Congress tomorrow.

• Copper Swings Between Gain and Loss Ahead of Chinese Trade Data

  Copper swung between gains and losses ahead of Chinese trade data to be released today as mine-supply concerns weighed against speculation that the U.S. Federal Reserve will scale back stimulus.

• Rubber Reaches 1-Week High as Oil Rally Boosts Appeal, Yen Drops

  Rubber climbed for a third day to the highest level in a week as crude oil gains boosted the appeal of the commodity as an alternative to synthetic products.

• Japan Futures Signal Topix to Fall From 4 1/2-Year High

  Japanese stock futures fell, indicating the Topix Index will retreat from the highest level since August 2008, as the yen rose and investors weighed the pace of Federal Reserve stimulus efforts.

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  U.S. 10-Year Yield at Almost 2-Month High Before Bernanke Talk

  Treasury 10-year note yields traded at almost a two-month high before Federal Reserve Chairman Ben S. Bernanke discusses the economic outlook in congressional testimony this week.

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Quote

• "So far it's very difficult to argue that things are not functioning at least as well as they were before we undertook our asset purchasing programs."

  - Charles Evans on May 20, 2013

Related Topics

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  Ben S. Bernanke

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  Japan

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  Australia

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