Posted on 02/09/2016 12:33:36 PM PST by Citizen Zed
The U.S. Treasury Department's budget report is expected to show a budget surplus of $45 billion in January, according to analysts polled by Reuters. The budget ran in red with a $14 billion deficit in the prior month. (1400/1900)
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Federal Reserve Chair Janet Yellen delivers semi-annual monetary policy testimony before the House Financial Services Committee in Washington in what will be her first major appearance of the year and since the Fed began raising rates. The meeting will give the best insight to date on whether the central bank feels it can proceed with a rate tightening cycle or will be waylaid by problems around the world including the oil rout and slumping Chinese growth.
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Kinross Gold, the world's fifth-biggest bullion miner by output, is expected to report a bigger fourth-quarter loss on lower gold prices and production. Kinross, which has been under pressure to boost its exposure to safer mining jurisdictions, said late last year that it would spend $610 million in cash to buy two mining assets in Nevada from Barrick Gold and it also struck an exploration joint venture with Barrick for one property. Some viewed that price tag as steep, but Kinross said the mine and properties had big potential that wasn't fully appreciated by the market because they were a relatively small part of Barrick.
(Excerpt) Read more at reuters.com ...
Does anyone have an idea on how this will affect the stock markets?
My IRA has been down south for a couple months, sure would be nice to see it recover.
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