The Week Ahead: Yellen in the Spotlight

The Week Ahead: Yellen in the Spotlight

This suggested that US Federal Reserve will have no plans for discontinuing its next planned interest rate hike this year. Earlier in Asia, Japan's Nikkei 225 index gained 0.6 percent on expectations the yen will weaken further against the dollar as the central bank strives to keep long-term bond yields low.

USA stock indexes were mostly lower in afternoon trading Tuesday as losses among banks and other financial companies outweighed energy sector gains.

Federal Reserve chief Janet Yellen starts two days of testimony on Wednesday as it prepares to unwind the massive hoard of bonds it bought to ease the financial crisis, while top ECB and Bank of England policymakers were due to speak in Europe on Tuesday.

Bets that United States borrowing costs will rise further continue to underpin the dollar, which held gains against the pound and euro.

Saudi Arabia is biggest promoter of Islamist extremism in United Kingdom , report finds
Saudi Arabia was chosen to host the 2020 summit, which officials said reflects the "world's trust in the Kingdom". The canal is one of Egypt's top foreign currency earners and is seen as a symbol of it's the country's modernity.

The Bank of Canada, which meets Wednesday, is widely expected to raise interest rates after strong signals in speeches for such action over the past month. But Germany's DAX climbed 0.1 percent to 12,461.

Last week, however, the Bank of Japan stepped in and halted the move through a special debt-buying operation, intent on keeping yields anchored close to zero.With U.S. yields free to rise, the spread between 10-year Treasury and JGB yields is the widest it has been in two months, contributing to the dollar's strength against the yen.

The dollar increased by almost 0.4% against the yen which was a high of two months. Against the euro, the dollar is valued at $1.1408 compared to yesterday's $1.1399.

The Group of 20 meeting in Hamburg over the weekend did not have much impact on markets on Monday.

Suffer-fest Tour turns pain dial up with 'monster stage'
That's the monstrous challenge lurking on Sunday for the 193 already exhausted and sunbaked riders who have made it this far. But his teammate Geraint Thomas went over roadside barriers.

Global benchmark Brent was up 0.2 percent at $46.76, following Friday's 2.9 percent slide.

USDJPY remains well supported in the aftermath of Friday's better than expected jobs report and any hawkish testimony by Yellen tomorrow will likely push the pair through the key 115 barrier which it has not seen since March of this year.

"We have been emphasising the fundamental weakness of the South African macro story for some time, and believe that market pricing on ZAR (the rand) showed a degree of complacency that in part was explained by low G3 bond yields", analysts at Morgan Stanley wrote in a note. The productivity slowdown, found not just in the US but also other advanced economies, reflects a combination of factors, perhaps a "productive pause" as firms retool to incorporate new technology as well as a postrecession decline in research-and-development investment that has started to reverse.

American Patriots Don't Criticize Trump to Foreigners, Most Republicans Believe
At the same time , 47 percent find the tweets undignified and 34 percent think that the tweets are " mean ". As per the survey, the voters also showed more trust in other news networks like NYT, WaPo, ABC, CBS , etc.

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