Market eyes Fed hike amid volatile bond moves
Economists and traders expect a Fed rate increase at the upcoming Open Market Committee meeting with bets split between a quarter and half point. Bond prices swung as expectations shifted while analysts caution that ongoing uncertainty could harm investor sentiment and market stability.
MENTIONED IN THIS ARTICLE
Federal Reserve
Stephen Roach
Morgan Stanley & Co
Fed
Gary Thayer
A.G. Edwards & Son Inc
St. Louis
Central Bank
Roach
Richard Berner
Mellon Bank
Pittsburgh
Germany
Bundesbank
U.S
Thayer
Washington
Local Stock Update Preview
Announcement lists local stock quotes and market dial-in numbers for the Journal-World. It directs readers to call for latest figures and notes a full market wrapup in Saturday's edition.
MENTIONED IN THIS ARTICLE
Journal-World
Midland market and Omaha livestock quotations report
Local markets report morning prices for Midland Elevator commodities Wheat 3.30, corn 2.58, milo 4.12, soybeans 6.67. Omaha Livestock Market quotes Hogs 1900 head with mixed trend. cattle and calves with steers and heifers steady and lambs higher. Kansas feedlot sales slow with recent totals and weights. Mercury and Platinum metal prices listed. rates from Commerce Bank with interbank context.
MENTIONED IN THIS ARTICLE
Midland
Omaha, New
Tispa
Omaha
U.S
DopGr Cay
Kansas
Spot nonferrous metal prices in New York markets
Aluminium 60.1 cents per lb London Metal lead copper at 1.0800 per lb NY Comex spot Friday. Lead 34 cents per lb Zinc 45.34–49.61 per lb delivered Tin 3.7324 per lb Gold 479.30 Handy Harman daily quote 380.70 per troy oz Silver 5.305 Handy Harman daily quote 5.400 per troy oz NY Comex spot week Jan Friday.
MENTIONED IN THIS ARTICLE
New York
London
Comex
Handy & Harman
U S factories boost output for 11th straight month
U S industrial production rose 0.3 percent in April marking 11th consecutive monthly gain. The Fed reported capacity utilization at 83.6 percent, the highest since June 1989, despite a drop in motor vehicle assemblies.
MENTIONED IN THIS ARTICLE
U.S
Washington
Federal Reserve
Central Bank
Detroit
Fed
UMB Not Ready to Expand to Lawrence Kansas Says Chief
UMB Bank Kansas president William C. Tempel says Lawrence remains attractive but not in the bank's near term plans. UMB, part of UMB Financial Corp, has expanded through acquisitions and new branches in eastern Kansas including Overland Park and Topeka, with about 800 million in assets. Local speculation grows as Central National Bank announces a Lawrence branch plan near Wakarusa and Inverness.
MENTIONED IN THIS ARTICLE
Lawrence
UMB
Kansas
Chief
William C. Tempel
UMB Bank Kansas
UMB Financial Corp
United Missouri Bank
Kansas City
Kan
Overland Park
Olathe
Topeka
Atchison
Fort Scott
Tempel
Central National Bank
Junction City
Wakarusa and
Inverness Drives
GM may spin off EDS if Sprint talks succeed
GM could divest Electronic Data Systems if a merger or strategic alliance with Sprint Corp. proceeds. EDS and Sprint acknowledge talks. combined revenues exceed 20 billion dollars. GM would consider a spin off if a deal is reached and if pension plan and tax implications are resolved.
MENTIONED IN THIS ARTICLE
Detrroit
General Motors Corp
Electronic Data Systems
EDS
Sprint Corp
Sprint
Kansas City
Lester M. Alberthal Jr
William T. Esrey
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