Bloomberg US stocks gained but moved off their session highs after Congressional leaders said they’d reached a tentative agreement on a tax overhaul package. The dollar dropped and Treasuries rallied following reports that a measure of US inflation fell short of estimates, only hours before the Federal Reserve was expected to announce its decision on interest rates. All major equity ...
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US stocks rise, dollar higher before Fed meeting
Bloomberg US stocks gained, the dollar advanced and Treasuries slipped after data showed signs of inflation in producer prices as the Federal Reserve starts its two-day meeting. The S&P 500 Index edged higher after closing at a record, and the other major US equity gauges were up. Telephone shares led gainers, and semiconductor stocks led decliners. European equities pushed to ...
Read More »US stocks rise despite New York City explosion; oil gains
Bloomberg US stocks were higher after an explosion rocked midtown Manhattan. The dollar fell and Treasuries rose. All major equity gauges were higher, led by gains in technology and energy shares, as markets digested news of the pipe bomb blast on Monday morning in the Times Square subway station on 42nd St. that injured four people, including the suspect. Oil ...
Read More »Pound to face twin forces of BOE, Brexit once again
Bloomberg With an initial Brexit deal out of the way, pound traders will be focussing on whether optimism over that lasts and shifts the Bank of England’s thinking this week. Even with an agreement to move Brexit talks on to trade and no expectations for the BOE to change interest rates, news on either front could drive the currency, according ...
Read More »Global stocks pare losses as dollar advances with bonds
Bloomberg Global stocks pared the worst of their losses after a selloff in Asia amid a broad risk-off mood. Treasuries rose with the dollar as investors’ focus turned to efforts to avert a US government shutdown . The S&P 500 fluctuated as software companies advanced and automotive stocks declined. The MSCI World index pared losses of 0.4 percent, with the ...
Read More »Tech shares in US rebound as metals fall with euro
Bloomberg US technology shares rebounded on speculation the recent selloff went too far, while the dollar rose and industrial metals dropped. The Nasdaq Composite Index climbed as chipmakers and software companies paced gains. The S&P 500 was little changed as investors weighed the latest developments in efforts to overhaul taxes in the world’s largest economy, including the surprise inclusion of ...
Read More »Pound slides amid Brexit-talks conundrum
Bloomberg The pound headed for its biggest decline in three weeks against the dollar after Ireland said it may not agree to alter a proposed border deal with the UK that reportedly stalled Brexit talks on Monday. Government bonds gained. Sterling weakened versus all of its 16 major peers after Britain and the European Union said that they hadn’t made ...
Read More »Technology slides as tax plan buoys Dow, S&P 500, dollar
Bloomberg Shares of US banks and industrial conglomerates rallied and the dollar strengthened after progress on the Republican tax-overhaul plan spurred bets on higher corporate earnings, while technology shares slumped. Gains in the Dow Jones Industrial Average and S&P 500 were led by companies that stand to be big winners from the tax overhaul. An index of the biggest tech ...
Read More »US stocks advance with dollar, Treasury yields edge lower
Bloomberg US stocks and the dollar rose while Treasury yields edged lower, as investors eyed the ongoing tax reform debate and the confirmation hearing for Federal Reserve chair nominee Jerome Powell. The S&P 500 Index rebounded to a record after starting the week lower, following gains by stocks in Europe driven by energy firms. In Asia, shares in Hong Kong ...
Read More »US stocks erase early gains as crude retreats, dollar slips
Bloomberg US equities plunged at the start of a busy week as declining oil prices pulled down energy stocks. Crude slipped from a two-year high after US drillers expanded operations while OPEC and Russia prepare to discuss longer supply curbs. The S&P 500 Index erased early gains as companies including Hess and Marathon Oil dropped. Financial and technology shares also ...
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