Global stock markets and U.S. futures rose on Thursday after the Federal Reserve chairman said the recent burst of U.S. inflation probably is temporary, helping to calm fears central banks might roll back economic stimulus.
World & Policy
Stocks rose on Wall Street Tuesday, nudging the S&P 500 toward its record high, as the head of the Federal Reserve said again that inflation looks to be only a temporary problem for the economy and markets.
Nearby delivery oil futures on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange posted mixed results in afternoon trade Tuesday.
Stocks were slightly lower Tuesday, as traders wait for more clues on the Federal Reserve's thinking on inflation.
Oil futures and Brent crude retreated early Tuesday.
Congressional negotiators and the White House appear open to striking a roughly $1 trillion deal on infrastructure. But they are struggling with the hard part -- how to pay for it.
KABUL, Afghanistan (AP) -- Taliban fighters took control of a key district in Afghanistan's northern Kunduz province Monday and encircled the provincial capital, police said, as the insurgent group added to its recent battlefield victories while peace talks have stalemated.
What DTN Is Watching
The U.S. Commerce Department will release new home sales for May at 9 a.m. CDT, followed by the Energy Department's weekly inventory report at 9:30 a.m. U.S. ethanol production has a chance of exceeding one million barrels per day for a sixth consecutive week. Traders will continue to watch the latest forecasts and if Tuesday's rumors were correct, there may be a soybean export sale announced at 8 a.m. Wednesday.Weather
Some isolated showers will be possible across the Northern and Central Plains as well as the Gulf Coast Wednesday. This comes ahead of a cold front pushing into the northern U.S. overnight. Ahead of the front, temperatures will be quite warm for at least a day in the Plains, but with good conditions for winter wheat harvest.
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