Nasdaq Opens Lower, Warsh Dodges Questions on July Rate Decision

Investors are digesting comments by Fed Chairman Kevin Warsh for clues astir the way of involvement rates.

Warsh dodged questions astir whether an interest-rate hike is successful the cards this month, but said inflationary risks person eased since the past FOMC meeting. He took portion successful a sheet treatment with the heads of the ECB, the Bank of England and the Bank of Canada. Follow on arsenic we screen it here.

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U.S. Treasury yields pared gains aft Warsh's commments. Major indexes are successful the reddish today, with the Nasdaq composite retreating the astir aft U.S. stocks closed retired a blockbuster 4th with a bang yesterday.

Oil prices are slipping. President Trump has told aides that helium is OK with negotiations with Tehran continuing past an Aug. 18 deadline, my colleagues report, bolstering hopes that hostilities successful the Middle East won't flare up again.

In caller trading:

Traders are connected precocious alert for an involution successful the Japanese yen, which deed a caller 40-year debased against the dollar.

Gold crossed beneath $4,000 a troy ounce earlier this morning, arsenic the imaginable of Fed complaint hikes continues to measurement connected it.