A look at the day ahead in U.S. and global markets from Mike Dolan.
again on Wednesday said more rate hikes were on the cards, although none were ready to suggest that January's strong employment report would push them back to a more aggressive monetary policy stance.
Moving to a funds rate of between 5.00% and 5.25% "seems a very reasonable view," said New York Fed chief John Williams. More generally, U.S. stock futures were higher on Thursday, with Treasury yields and the dollar falling back. European shares touched a fresh nine-month high on Thursday as Germany's Siemens and UK's AstraZeneca boosted earnings euphoria, while Britain's bank, commodity and pharma heavy FTSE100 hit another record high.
The share in troubled Indian giant Adani took another negative twist. Financial index provider MSCI said some Adani securities should no longer be designated as free float, after market participants raised concerns about the eligibility of the Indian conglomerate's companies for some of its indexes. Norway's $1.35 trillion sovereign wealth fund said it had recently divested virtually all its remaining shares in the Adani group.* U.S. weekly jobless claims* European Union summit* U.S.
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