Market News Highlights — 14 April 2016

Thursday, April 14th, 2016 09:51:52

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Bank of Japan Ready to Expand Bond Buying, Cut Rates Further
The Bank of Japan is ready to expand its bond-buying program and cut interest rates  further into negative territory as it fights to ignite growth in the country’s economy, BOJ Gov. Haruhiko Kuroda said Wednesday.

Fed Beige Book: Strong U.S. Job Market Delivers Higher Wages
Most regions of the U.S. saw their economies expand, supported by firming labor markets, rising wage pressures and modest increases in consumer spending, the Federal Reserve said in its “beige book” report.

CME Plans to Close New York Trading Floor at Year-End
CME Group Inc. said it plans to close its New York trading floor at year’s end to reflect a sharp decline in open outcry options volume.

Exxon Fires Back at Climate-Change Probe
Exxon Mobil went to court to challenge a government investigation of whether the company conspired to cover up its understanding of climate change.

Big NYC Pension Fund May Pull Hedge Fund Investments
New York City’s biggest public employee pension fund is poised to vote  Thursday  to begin pulling its investments from hedge funds, the latest move by a large pension plan to scrap an investment path that once promised big returns.

J.P. Morgan’s Trading Business Holds Up Better Than Feared
J.P. Morgan said its first-quarter profit fell 6.7%, but the decline in trading wasn’t as sharp as many analysts feared. The stronger-than-expected results propelled a rally in bank stocks.

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