Markets & Economy
Oil's drop could leave a stain on earnings
Sat, 24 Jun 2017 00:53:39 GMT
NEW YORK (Reuters) - Heading into second-quarter earnings season, investors are looking for a continuation of strong U.S. company results to justify high stock valuations, now trading near their loftiest levels since 2004.
Even with Whole Foods, Amazon would need many more warehouses to reshape grocery delivery
Fri, 23 Jun 2017 23:48:01 GMT
(Reuters) - If Amazon.com Inc hopes to revolutionize grocery delivery, then its bid to buy Whole Foods Market Inc for $13.7 billion will be just the start of a long and costly process.
Abadi leaves Safra National Bank for Morgan Stanley: sources
Fri, 23 Jun 2017 23:03:04 GMT
SAO PAULO (Reuters) - Mauricio Abadi resigned on Friday as an executive vice president of Safra National Bank of New York to join Morgan Stanley & Co, three people familiar with the situation said.
SeaWorld subpoenaed on disclosures about 'Blackfish' impact, trading
Fri, 23 Jun 2017 22:33:07 GMT
(Reuters) - SeaWorld Entertainment Inc said on Friday it received a subpoena from the U.S. Department of Justice in connection with an investigation over disclosures made about the impact of the "Blackfish" documentary and trading in the company's securities.
Anthem to pay record $115 million to settle U.S. lawsuits over data breach
Fri, 23 Jun 2017 22:18:25 GMT
(Reuters) - Anthem Inc , the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people's personal information for $115 million, which lawyers said would be the largest settlement ever for a data breach.
VW ex-manager should stay in Germany: lawyer in Bild
Fri, 23 Jun 2017 22:05:16 GMT
BERLIN (Reuters) - A lawyer for one of the former Volkswagen managers sought in the United States in connection with the carmaker's diesel emissions-cheating scandal has advised him not to leave Germany, she told a German daily.
US would like nuclear deal with India to go forward: Official
Fri, 23 Jun 2017 21:33:00 GMT
President Donald Trump's administration would like to see a Westinghouse nuclear reactor deal with India move forward.
Exclusive: Wal-Mart not considering a bid for Whole Foods - source
Fri, 23 Jun 2017 21:19:53 GMT
(Reuters) - Wal-Mart Stores Inc is not actively considering making an offer for Whole Foods Market Inc, a source familiar with the matter told Reuters on Friday.
Honda engineer debunks own claim about cause of Takata air bag failures
Fri, 23 Jun 2017 20:54:19 GMT
DETROIT (Reuters) - Honda Motor Co on Friday released a 2013 email in which one of its engineers suggested that he knew some hidden truth about "the root cause" of Takata Corp air bag failures, but the engineer later said he was mistaken.
Gwyneth Paltrow's Goop under fire after sharing phony information
Fri, 23 Jun 2017 20:43:00 GMT
Gwyneth Paltrow's website, Goop, removed a claim that Body Vibes' products used NASA material after it was debunked.
Nasdaq, S&P 500 Rise But Dow Closes Slightly Lower - U.S. Commentary
Fri, 23 Jun 2017 20:15:38 GMT
After closing mixed for two consecutive sessions, stocks turned in another relatively lackluster performance during trading on Friday. The major averages eventually closed on opposite sides of the unchanged line for the third straight day.
Exclusive: Eddie Bauer to explore options including sale - sources
Fri, 23 Jun 2017 20:04:32 GMT
(Reuters) - Debt-laden U.S. outerwear and outdoor gear retailer Eddie Bauer LLC has hired investment banks to explore strategic alternatives, including a potential sale of the company, people familiar with the matter said on Friday.
GM settles hundreds of ignition switch lawsuits
Fri, 23 Jun 2017 19:04:26 GMT
NEW YORK (Reuters) - General Motors Co has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows.
Trump Signs Veterans Affairs Accountability And Whistleblower Protection Act
Fri, 23 Jun 2017 18:45:24 GMT
As part of a continuing effort to address the Veterans Affairs scandal that broke in 2014, President Donald Trump on Friday signed legislation known as the Veterans Affairs Accountability and Whistleblower Protection Act into law.
State Street appoints Steve Cook senior vice president of U.S. investor services
Fri, 23 Jun 2017 18:45:13 GMT
(Reuters) - Financial services provider State Street Corp said on Friday it appointed Steve Cook as senior vice president within its U.S. investment services business.
Russia's fighter jet makers 'not afraid' of U.S. competition in India
Fri, 23 Jun 2017 18:19:47 GMT
PARIS (Reuters) - Russian military aviation firm MiG said on Friday it was ready to deepen its cooperation with India, just days after U.S. arms maker Lockheed Martin Corp agreed with Tata Advanced Systems to build F-16 fighters there.
Judiciary Committee Probes Alleged Lynch Interference In Clinton Investigation
Fri, 23 Jun 2017 18:15:24 GMT
Leaders of the Senate Judiciary Committee revealed Friday they are seeking information about alleged political interference by then-Attorney General Loretta Lynch during the FBI's investigation of former Secretary of State Hillary Clinton's use of a private email server.
Trump Calls Mueller-Comey Friendship "Bothersome"
Fri, 23 Jun 2017 17:45:22 GMT
President Donald Trump has indicated he is troubled by the friendship between former FBI Director James Comey and Special Counsel Robert Mueller.
Don’t give your money to psychopaths, says science
Fri, 23 Jun 2017 17:45:00 GMT
A new study shows how to actually detect psychopathy in the C-suite, Dealbreaker reports.
Biggest U.S. banks clear first hurdle in Fed's annual stress tests
Fri, 23 Jun 2017 17:24:48 GMT
WASHINGTON/NEW YORK (Reuters) - The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to...
Modest Strength Remains Visible On Wall Street - U.S. Commentary
Fri, 23 Jun 2017 16:00:00 GMT
Stocks continue to see modest strength in mid-day trading on Friday after recovering from an early move to the downside. The Dow and the S&P 500 have moved higher after closing lower for three consecutive sessions.
US new home sales jump, median price surges to record high
Fri, 23 Jun 2017 15:51:00 GMT
New U.S. single-family home sales rose in May and the median sales price surged to an all-time high.
Obama Blasts Senate Healthcare Bill As Massive Transfer Of Wealth To The Rich
Fri, 23 Jun 2017 15:43:06 GMT
A Senate Republican plan to repeal and replace Obamacare is not a healthcare bill, according to former President Barack Obama. Obama said in a post on Facebook that the legislation unveiled on Thursday is instead a massive transfer of wealth from middle-class and poor families to the richest people in America.
How To Avoid Being Stalked By Snapchat Friends
Fri, 23 Jun 2017 15:32:11 GMT
Social media app Snapchat has introduced a new location service, Snap Map, that will allow users of the app to see the location of all their friends on a map. The new feature will essentially allow a user to see where his friends are hanging out and what they are up to and also share his own location with friends in real time.
U.S. Halts Imports Of Beef From Brazil For Safety Concerns
Fri, 23 Jun 2017 14:53:14 GMT
The U.S. has suspended all imports of fresh beef from Brazil due to recurring concerns about the safety of the products. The suspension of shipments from Brazil, the fifth largest exporter of beef to the U.S., will remain in place until the Brazilian Ministry of Agriculture takes corrective action, the U.S. Department of Agriculture or USDA said in a statement.
Big U.S. Banks Pass Fed's Stress Test
Fri, 23 Jun 2017 14:52:10 GMT
The annual Federal stress test was cleared by 34 top banks. The result shows strong capital levels and the ability of large banks to remain capitalized even in stressed situations. The Federal Reserve noted that these banks will be able to lend to households and businesses even at severe recession and throughout the economic cycle.
Stocks Move Modestly Higher After Seeing Initial Weakness - U.S. Commentary
Fri, 23 Jun 2017 14:47:36 GMT
After initially move to the downside, stocks have moved modestly higher over the course of morning trading on Friday. The major averages have all climbed into positive territory after closing mixed for two straight sessions.
US Suspends Beef Imports From Brazil
Fri, 23 Jun 2017 14:43:21 GMT
The United States has decided to suspend imports of beef products from Brazil citing safety concerns.
'When Was The Last Time An Actor Assassinated A President£'
Fri, 23 Jun 2017 14:31:34 GMT
Johnny Depp's comment about assassinating the U.S. president has sparked controversy.
Trump Calls GOP Senators Opposed To Healthcare Bill "Good Guys"
Fri, 23 Jun 2017 14:30:47 GMT
After suggesting Republicans opposed to the House healthcare bill should be primaried, President Donald Trump struck a softer tone in response to the four GOP Senators that have indicated their opposition to the Senate plan to repeal and replace Obamacare.
Swedish Unemployment Rate Set To Drift Lower This Year
Fri, 23 Jun 2017 14:25:13 GMT
Sweden's unemployment rate is likely to ease in the coming months of this year, while the annual employment growth may slow, Stephen Brown, an economist at Capital Economics, said this week.
U.S. New Home Sales Rebound Amid Strength In West And South
Fri, 23 Jun 2017 14:18:29 GMT
New home sales in the U.S. rebounded in May after a sharp pullback in the previous month, according to a report released by the Commerce Department on Friday. The Commerce Department said new home sales climbed by 2.9 percent to an annual rate of 610,000.
U.S. New Home Sales Rebound Amid Strength In West And South
Fri, 23 Jun 2017 14:18:29 GMT
New home sales in the U.S. rebounded in May after a sharp pullback in the previous month, according to a report released by the Commerce Department on Friday. The Commerce Department said new home sales climbed by 2.9 percent to an annual rate of 610,000.
Swedish Growth Likely To Pick Up Pace In 2017: Capital Economics
Fri, 23 Jun 2017 14:18:19 GMT
The improvement in the economic sentiment suggest strong and broad-based growth in the Swedish economy over the coming months of 2017, consistent with an acceleration in wage growth and a pick-up in underlying inflation, Stephen Brown, an economist at Capital Economics, said this week.
Virgin Mobile: One Year Of Unlimited Data For $1, IPhone Only
Fri, 23 Jun 2017 14:01:19 GMT
Sprint's prepaid brand Virgin Mobile said it will offer customers a year of its new unlimited data plan for a base price of $1, with the offer available exclusively on the purchase of an iPhone and with AutoPay. The company added that it will be the first ever iPhone-only mobile carrier in the U.S.
Eurozone Consumer Confidence Unlikely To Rise Much Further
Fri, 23 Jun 2017 13:51:38 GMT
Eurozone consumer confidence is unlikely to rise much further in the next year, despite a fairly strong economic outlook, Jack Allen, an economist at Capital Economics, said.
Democrats Angered By Consideration Of Judicial Nominees Without ABA Review
Fri, 23 Jun 2017 13:34:20 GMT
Democratic members of the Senate Judiciary Committee are lashing out at Committee Chairman Chuck Grassley, R-Iowa, for his decision to schedule a hearing on two district court nominees before the American Bar Association has an opportunity to review and rate them.
Belgium Business Confidence Weakens For Second Month
Fri, 23 Jun 2017 13:21:05 GMT
Belgium's business confidence deteriorated for a second consecutive day in June amid weakness in manufacturing, business services and trade, survey data from the National Bank of Belgium showed Friday.
Senators: We've introduced legislation that will help the US keep its competitive edge
Fri, 23 Jun 2017 13:15:00 GMT
Intellectual property is the bedrock of our economy. Here's how we strengthen US patent laws, say Coons and Cotton.
Bill To Revoke Pakistan's Major Non-NATO Ally Status Tabled In House
Fri, 23 Jun 2017 13:08:32 GMT
A bipartisan bill revoking Pakistan's status as a major non-NATO ally (MNNA) of the United States has been tabled in the House of Representatives as punishment for the South Asian country's failure to effectively fight terrorism.
Pricier brews and premium food seen boosting Starbucks sales, KeyBanc says
Fri, 23 Jun 2017 13:03:00 GMT
KeyBanc Capital Markets labeled Starbucks "overweight." It expects the coffee company's stock to rise to $68 by next year.
Futures Pointing To Another Mixed Performance On Wall Street
Fri, 23 Jun 2017 12:42:15 GMT
The major U.S. index futures are pointing to a mixed open on Friday, with stocks poised to move in opposite directions once again after closing mixed for two consecutive sessions. Lingering uncertainty about the near-term outlook for the markets may keep some traders on the sidelines going into the first weekend of the summer.
These lower oil prices could represent a buying opportunity: Expert
Fri, 23 Jun 2017 12:42:00 GMT
Oil prices fell sharply this week on concerns about global oversupply, but now might be the time to buy the commodity.
Stocks May Continue To Move In Opposite Directions - U.S. Commentary
Fri, 23 Jun 2017 12:38:48 GMT
After closing mixed for two consecutive sessions, stocks may once again move in opposite directions in early trading on Friday. The major index futures are currently mixed, as the Dow futures are down by 26 points but the S&P 500 futures are up by 1.25 points.
Eurozone Private Sector Growth Moderates In June
Fri, 23 Jun 2017 12:24:54 GMT
Eurozone private sector growth moderated in June from a six-year high due to a slowdown in services activity, yet the economy enjoyed the best quarter for six years, the flash data from the Purchasing Managers' survey by IHS Markit showed Friday. The composite output index fell to 55.7 in June from a joint six-year high of 56.8 in May.
Eurozone Private Sector Growth Moderates In June
Fri, 23 Jun 2017 12:24:54 GMT
Eurozone private sector growth moderated in June from a six-year high due to a slowdown in services activity, yet the economy enjoyed the best quarter for six years, the flash data from the Purchasing Managers' survey by IHS Markit showed Friday. The composite output index fell to 55.7 in June from a joint six-year high of 56.8 in May.
Commerzbank Sees Negative Net Result In Q2 On Restructuring Charges
Fri, 23 Jun 2017 12:17:43 GMT
German lender Commerzbank AG on Friday forecast a net loss for the second quarter of 2017, citing higher than expected restructuring charges related to the implementation of Commerzbank 4.0 strategy. Despite the higher restructuring charges, Commerzbank added that it does not expect to report a negative net result for financial year 2017.
Turkey Capacity Utilization Improves For Third Month
Fri, 23 Jun 2017 12:12:24 GMT
Turkey's manufacturing capacity utilization increased for a third straight month in June to its highest level in nearly nine years, figures from the Turkish central bank showed Friday.
Iceland Wage Growth Accelerates In May
Fri, 23 Jun 2017 12:11:03 GMT
Iceland's wage growth accelerated for the first time in thirteen months in May, figures from Statistics Iceland showed Friday.
Senate Health-care Bill In Jeopardy As 4 GOP Senators Dissent
Fri, 23 Jun 2017 11:45:38 GMT
The fate of the Trump Government's prestige legislation to repeal and replace Obama-era healthcare plan has turned uncertain with four Republican Senators expressing their opposition to the draft of the Bill.
Street To Open Broadly Lower At Opening
Fri, 23 Jun 2017 11:22:48 GMT
The highlights of economic announcements on Friday are the New Home Sales data and a slew of Fed speeches. The initial trading in the U.S. Futures Index points to a broadly lower opening on Wall Street. Asian shares closed mixed, while European shares are trading in the red.
ECB Seeks More Euro Clearing Supervisory Powers
Fri, 23 Jun 2017 11:17:59 GMT
The European Central Bank has sought more supervisory powers over the clearing activities, in a bid to secure control of the London-based euro clearing post-Brexit. The Governing Council, led by ECB President Mario Draghi, has recommended an amendment to Article 22 of the Statute of the European System of Central Banks and of the European Central Bank, the bank announced on Friday.
ECB Seeks More Euro Clearing Supervisory Powers
Fri, 23 Jun 2017 11:17:59 GMT
The European Central Bank has sought more supervisory powers over the clearing activities, in a bid to secure control of the London-based euro clearing post-Brexit. The Governing Council, led by ECB President Mario Draghi, has recommended an amendment to Article 22 of the Statute of the European System of Central Banks and of the European Central Bank, the bank announced on Friday.
Germany Q1 Wages Rise At Slower Rate
Fri, 23 Jun 2017 10:43:46 GMT
Germany's real wages grew at a slower pace in the three months ended March, figures from Destatis showed Thursday.
KOF Downgrades Swiss 2017 GDP Forecast
Fri, 23 Jun 2017 10:38:52 GMT
Switzerland's economy is forecast to grow at a slightly slower than previously projected pace in 2017, the KOF Economic Institute said in its Summer Forecast, released on Friday.
European Shares Slide As Oil Worries Linger
Fri, 23 Jun 2017 10:31:41 GMT
European stocks fell on Friday as investors digested disappointing private sector growth data and kept a close eye on developments at the EU Summit in Brussels. Oil prices edged up in European trade, but remained on course for a fifth weekly loss.
German Construction Orders Rise In April
Fri, 23 Jun 2017 10:14:05 GMT
The total value of new orders received by the German construction industry increased in April, data from Destatis showed Friday.
Austria Production Index Climbs In April
Fri, 23 Jun 2017 09:54:53 GMT
Austria's production index increased in April from a year ago, figures from Statistics Austria showed Friday.
Taiwan Industrial Output Rebounds More Than Expected
Fri, 23 Jun 2017 09:35:20 GMT
Taiwan's industrial production increased at a faster-than-expected pace in May, after falling in the prior month, preliminary figures from the Ministry of Economic Affairs revealed Friday.
We’d be buyers of oil at this price, says Credit Suisse strategist
Fri, 23 Jun 2017 09:29:00 GMT
Nannette Hechler-Fayd'herbe, global head of investment strategy & research at Credit Suisse, gives her view on the state of oil, how to trade it and where it could be heading.
Italy Industrial Orders Fall For Second Month
Fri, 23 Jun 2017 08:46:38 GMT
Italy's industrial orders decreased for the second straight month in April, figures from the statistical office Istat showed Friday.
Eurozone Private Sector Growth At 5-Month Low
Fri, 23 Jun 2017 08:31:24 GMT
The euro area private sector grew at the slowest pace in five months in June, flash survey data from IHS Markit showed Friday.
'No', not getting a clear idea of what type of Brexit the UK wants: EC President
Fri, 23 Jun 2017 08:15:00 GMT
In Brussels, President of the European Commission Jean-Claude Juncker answers questions from reporters about Brexit.
Asian Shares Mixed As Oil Steadies
Fri, 23 Jun 2017 08:13:19 GMT
Asian stocks ended mixed on Friday as the dollar remained bolstered against the yen and crude oil prices pulled away from ten-month lows. The release of the U.S. Senate's plan to repeal and replace Obamacare evoked muted response as there is opposition to the bill on both sides of the Republican ideological spectrum.
Brexit 12 months on: Here’s what has happened since the UK voted to leave the EU
Fri, 23 Jun 2017 08:07:00 GMT
Friday marks the one year anniversary of the UK's vote on its EU membership, CNBC looks back at what's happened since.
UK Economy Is "Overstimulated", Says BoE's Forbes
Fri, 23 Jun 2017 07:34:34 GMT
The UK economy appears to "overstimulated" and the monetary policy has been set too loosely, the monetary policy committee member of the Bank of England Kristin Forbes said Thursday.
French Private Sector Growth At 5-Month Low
Fri, 23 Jun 2017 07:31:07 GMT
The French private sector grew at the weakest pace in five months in June, flash survey data from IHS Markit showed Friday.
Five must-knows if you want to become a chief marketing officer, by Diageo, Johnson & Johnson and HP
Fri, 23 Jun 2017 06:41:00 GMT
Far from being the "coloring in department," responsible for making people want to buy products, marketing now has a broader remit than ever.
UK PM: We've set out fair and serious offer for EU citizens
Fri, 23 Jun 2017 06:27:00 GMT
British Prime Minister Theresa May speaks to reporters in Brussels about EU citizens’ rights, ahead of the second day of the EU Summit.
European Economics Preview: Eurozone Composite PMI Data Due
Fri, 23 Jun 2017 06:10:11 GMT
Flash Purchasing Managers' survey data from euro area is due on Friday, headlining a light day for the European economic news.
Singapore Industrial Production Growth Eases Unexpectedly
Fri, 23 Jun 2017 06:08:50 GMT
Singapore's industrial production growth eased unexpectedly in May, preliminary data from the Economic Development Board showed Friday.
European Shares May See Tepid Opening
Fri, 23 Jun 2017 06:02:21 GMT
European stocks may open slightly lower on Friday as crude oil prices pulled away from ten-month lows and the dollar held little changed ahead of U.S. inflation, housing and revised first-quarter GDP data due next week.
Sterling weakness strengthens case for UK rate rise, says BOE policymaker
Fri, 23 Jun 2017 05:33:00 GMT
Bank of England's Kristin Forbes said she feared the pound's weakness would have a lasting upward effect on inflation.
Sri Lanka Keeps Rates On Hold
Fri, 23 Jun 2017 05:23:54 GMT
Sri Lanka's central bank on Friday decided to leave its key rates unchanged as policymakers viewed the current monetary policy stance as appropriate.
Aviva CFO: Using A.I. to revolutionize our business
Fri, 23 Jun 2017 04:59:00 GMT
Aviva CFO Tom Stoddard talks about how the insurance company is trying to adapt its business to the changes in digital, and improve customer experience.
No divestment plan, says Aviva's CFO
Fri, 23 Jun 2017 04:59:00 GMT
Aviva CFO Tom Stoddard comments on the business’ growth at present, with added discussion on deal activity and the U.S. Federal Reserve’s rate hike strategy.
‘No deal’ Brexit scenario is bad for UK pound: HSBC
Fri, 23 Jun 2017 04:56:00 GMT
David Bloom, global head of foreign exchange strategy at HSBC, takes a look at the moves in sterling in relation to news surrounding Brexit.
Beijing probes big dealmakers
Fri, 23 Jun 2017 04:56:00 GMT
David Bloom, global head of foreign exchange strategy at HSBC, talks about fears surrounding M&A activity in China, with comment on the renminbi.
Irish Fin Mins: AIB IPO marks significant milestone
Fri, 23 Jun 2017 04:54:00 GMT
The Irish government has hailed the success of Allied Irish Banks' IPO. Nick O'Donnell, corporate partner at Baker McKenzie, discusses the listing.
Brexit talks likely to take 5 years: Former minister
Fri, 23 Jun 2017 04:53:00 GMT
Former Portuguese Minister for Europe Bruno Macaes talks about the direction of Brexit going forward, with comment on the negotiations timeframe and British political parties.
EU leaders welcome UK PM’s offer on EU citizens’ rights
Fri, 23 Jun 2017 04:53:00 GMT
Former Portuguese Minister for Europe Bruno Macaes explains why the European Union is likely to ask for more from the U.K. when it comes to Brexit negotiations.
Dutch Q1 GDP Growth Slows As Estimated
Fri, 23 Jun 2017 04:52:51 GMT
The Dutch economic growth eased as initially estimated in the three months ended March, latest figures from the Central Bureau of Statistics showed Friday.
Global CFOs give their outlook for the US, EU and UK
Fri, 23 Jun 2017 04:51:00 GMT
Karen Tso breaks down the details from CNBC’s Global CFO Council survey, where CFOs revealed that they had a brighter view on the future of the euro zone and U.S., than Britain.
Merkel: Britain's offer to EU citizens is a good start
Fri, 23 Jun 2017 04:51:00 GMT
CNBC’s Willem Marx talks about the questions that linger when it comes to Brexit negotiations and the rights for EU citizens.
UK PM offers to guarantee EU citizens' rights
Fri, 23 Jun 2017 04:51:00 GMT
British Prime Minister Theresa May has laid out what she called a "fair deal" for EU citizens living in the U.K. CNBC’s Willem Marx comments on how EU leaders reacted to the news.
EU flexes military muscles with new defense plan
Fri, 23 Jun 2017 04:51:00 GMT
Former Portuguese Minister for Europe Bruno Macaes talks about security cooperation and the future of defense in Europe.
US banks would continue lending during financial crisis: Fed
Fri, 23 Jun 2017 04:50:00 GMT
The Fed has revealed that 34 of the largest banks in the U.S. have all cleared the first stage of the annual stress test. Filippo Alloatti, senior credit analyst at Hermes Investment Management, reacts.
Credit Suisse: Prefer euro zone, Swiss, Canada and Aussie equities
Fri, 23 Jun 2017 04:50:00 GMT
Nannette Hechler-Fayd'herbe, global head of investment strategy & research at Credit Suisse, takes a look at the economic state of Europe, with comment on strategy.
Aviva CFO: Sentiment in Europe is improving
Fri, 23 Jun 2017 04:50:00 GMT
Aviva CFO Tom Stoddard comments on investing in a post-Brexit world, both in the U.K. and overseas.
European markets open under pressure; EU Summit in focus
Fri, 23 Jun 2017 04:50:00 GMT
European bourses opened under pressure on Friday, as investors monitored oil prices and focused on any developments from the EU Summit in Brussels.
Forget about China, oil is the real worry: HSBC
Fri, 23 Jun 2017 04:50:00 GMT
David Bloom, global head of foreign exchange strategy at HSBC, explains why the price volatility in oil is really worrying investors this week, with comment on currencies.
M&A funding probed by Chinese regulator
Fri, 23 Jun 2017 04:50:00 GMT
Markets in Asia traded sideways on Friday following news that China's banking regulator had questions for banks related to loans for overseas asset purchases. CNBC’s Sophia Yan reports.
UK House Price Sentiment Rises At Slower Rate In June
Fri, 23 Jun 2017 04:23:41 GMT
British households perceived that the value of their home increased in June, albeit at a slower rate than in the previous month, survey figures from IHS Markit and Knight Frank showed Friday.
Asian Markets Flat Amid Cautious Trades
Fri, 23 Jun 2017 03:21:39 GMT
Asian stock markets are moving sideways on Friday following the lackluster cues overnight from Wall Street and the slight gain in crude oil prices off ten-month lows. Mainland Chinese markets are in the limelight following news that Chinese bank regulators are conducting financial reviews of deals by overseas asset buyers.
Japan Manufacturing Sector Slows In May - Nikkei
Fri, 23 Jun 2017 00:45:23 GMT
The manufacturing sector in Japan continued to expand in May, albeit at a slower pace, the latest survey from Nikkei showed on Friday with a seven-month low manufacturing PMI score of 52.0.
China’s banking regulator orders loan checks on Wanda, Fosun, HNA, others
Fri, 23 Jun 2017 00:01:00 GMT
Several of China’s largest overseas asset buyers are being placed under scrutiny, amid a government crackdown on money laundering.
U.S. stock fund flows decline week after one of biggest inflows of 2017
Thu, 22 Jun 2017 23:28:24 GMT
NEW YORK (Reuters) - Investors pulled back from U.S.-based stock funds after pouring the most cash into those investments since February the previous week, Lipper data showed on Thursday.
Japan Manufacturing PMI On Tap For Friday
Thu, 22 Jun 2017 22:00:23 GMT
Japan will on Friday see preliminary June results for the manufacturing PMI from Nikkei, setting the pace for a light day in Asia-Pacific economic activity. The PMI had a score of 53.1 in May.
Hain CEO seeks to reassure shareholders after probe finds no financial wrongdoing
Thu, 22 Jun 2017 20:54:00 GMT
With an internal probe over, Hain's CEO is upbeat on what's ahead and a silver lining to the Amazon-Whole Foods deal.
Major Averages Close Mixed For Second Straight Session - U.S. Commentary
Thu, 22 Jun 2017 20:18:48 GMT
Stocks saw modest strength for much of the trading session on Thursday but gave back ground going into the close. The major averages pulled back near the unchanged line, with the Dow and the S&P 500 dipping into negative territory.
Op-Ed: Warren Buffett's touch gives shares of this troubled Canadian mortgage lender a 10% boost
Thu, 22 Jun 2017 19:57:00 GMT
Warren Buffett's Midas touch just gave this Canadian company's stock a 10% boost. And, he made a cool 65% profit in the process, writes Breakingviews' Tom Buerkle.
Sears is shuttering 20 more stores
Thu, 22 Jun 2017 19:20:00 GMT
Sears is closing 20 stores, in addition to the more than 200 closings earlier this year, Business Insider reports.
Amazon aims to charge $2.8 million for NFL ad packages: Sources
Thu, 22 Jun 2017 19:00:00 GMT
Amazon is looking to charge advertisers $2.8 million for spots during the Thursday night NFL games it will stream live this season.
Pelosi Under Fire After Democrats Lose Georgia Special Election
Thu, 22 Jun 2017 18:27:01 GMT
As Democrats continue to digest losing the closely watched special House election in Georgia, several lawmakers are pointing the finger at House Minority Leader Nancy Pelosi, D-Calif. A small group of House Democrats have called for a change in leadership after Jon Ossoff lost in Georgia.
Trump Says He Does Not Have Recordings Of Conversations With Comey
Thu, 22 Jun 2017 17:42:28 GMT
After dodging questions about the issue for several weeks, President Donald Trump admitted Thursday that he does not have recordings of his conversations with former FBI Director James Comey.
4 million homeowners are leaving $1 billion dollars on the table
Thu, 22 Jun 2017 15:25:00 GMT
Falling mortgage rates and rising home values are a tasty combination for homeowners, but millions are not biting.
Praet Says ECB To Ignore Govts' Worries While Winding Down Bond Purchases
Thu, 22 Jun 2017 14:36:22 GMT
The European Central Bank will decide to wind down its government bond purchases based on inflation even if the spreads for any country would rise as a consequence, ECB Executive Board member Peter Praet said. "As a central bank, we conduct monetary policy for the whole of the euro area," Praet, who is also the ECB chief economist, said in an interview to the German magazine Der Spiegel.
U.S. Leading Economic Index Rises In Line With Estimates In May
Thu, 22 Jun 2017 14:16:11 GMT
Reflecting widespread improvement, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose in line with economist estimates in the month of May. The Conference Board said its leading economic index climbed by 0.3 percent.
Trump: 'I just don't want a poor person' running the economy
Thu, 22 Jun 2017 13:43:00 GMT
Trump contends that wealthy people can better run the U.S. economy because they do not need money.
ECB To Develop Instant Payment Service For Eurozone
Thu, 22 Jun 2017 13:20:36 GMT
A new service to enable citizens and firms to transfer money real time within the euro area will be put into operation in November 2018, the European Central Bank said on Thursday.
Trump's Carrier deal is not living up to the hype — jobs still going to Mexico
Thu, 22 Jun 2017 13:14:00 GMT
The Carrier plant in Indianapolis — the poster child for Trump's pledge to save US jobs — is planning layoffs in July.
UN raises world population forecast to 9.8 billion people by 2050 due to rapid growth in Africa
Thu, 22 Jun 2017 13:05:00 GMT
The world's population will grow to 8.6 billion in 2030, 9.8 billion in 2050 and 11.2 billion in 2100, predicts the UN.
More teenagers are choosing summer studies over jobs
Thu, 22 Jun 2017 13:00:00 GMT
Only 43 percent of teenagers had a job last summer.
U.S. Weekly Jobless Claims Inch Slightly Higher To 241,000
Thu, 22 Jun 2017 12:53:22 GMT
First-time claims for U.S. unemployment benefits saw a modest increase in the week ended June 17th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims inched up to 241,000.
Dow And S&P 500 May Pull Back Further Off Record Highs
Thu, 22 Jun 2017 12:46:46 GMT
The major U.S. index futures are pointing to a modestly lower opening on Thursday following the mixed performance seen in the previous session.
Column: Big Social Security COLA will be offset by Medicare premiums
Thu, 22 Jun 2017 12:44:32 GMT
CHICAGO (Reuters) - Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 - but don’t break out the champagne just yet. For many, higher Medicare...
Norges Bank Sheds Downward Bias
Thu, 22 Jun 2017 12:39:29 GMT
Norway's central bank unanimously decided to leave its key interest rate unchanged on Thursday for the ninth consecutive policy session and abandoned its downward bias for the rate path. The Executive Board of the Norges Bank voted to hold the key policy rate at 0.50 percent, in line with economists' expectations. The previous change in the rate was a quarter-point reduction in March 2016.
US jobless claims rise, but the labor market is still tight
Thu, 22 Jun 2017 12:30:00 GMT
The number of Americans filing for unemployment benefits increased slightly last week.
Good news for The GOP: Small businesses are hungry for tax reform
Thu, 22 Jun 2017 11:52:00 GMT
Tax reform is a top concern for small businesses in NC and throughout the US. It could boost business expansion.
Takata to file for bankruptcy Monday, SMBC to provide bridge loan
Thu, 22 Jun 2017 11:40:00 GMT
Takata will seek bankruptcy protection from creditors on Monday, two sources said.
AT&T CEO Stephenson: We will invest $22 billion in the US this year if ...
Thu, 22 Jun 2017 11:32:00 GMT
Stephenson tells CNBC AT&T will step up its investments if President Trump delivers on tax reform.
Foxconn plans US display making plant for over $10 billion, scouting for location
Thu, 22 Jun 2017 11:06:00 GMT
Apple supplier Foxconn plans to invest more than $10 billion in a display-making factory in the U.S. and will decide on the location of the plant next month.
Buffett's Berkshire Hathaway offers $1.5 billion lifeline to Canada's Home Capital
Thu, 22 Jun 2017 10:45:00 GMT
Berkshire will also indirectly buy C$400 million of Home Capital's common shares in a private placement, Home Capital said.
We are seeing emergence of animal spirits: Pro
Thu, 22 Jun 2017 05:10:00 GMT
Beat Wittmann, partner at Porta Advisors, takes a look at what the price volatility in oil means for market sentiment going forward. Added comment on reflation.
Welcome the dollar weakening: Prime Partners
Thu, 22 Jun 2017 05:07:00 GMT
Francois Savary, CIO and vice CEO at Prime Partners, talks about market strategy when it comes to investing during the second half of 2017.
Biggest surprise year-to-date to no major tail risk events: PineBridge
Thu, 22 Jun 2017 05:05:00 GMT
Steven Oh, global head of credit and fixed income at PineBridge Investments, talks about the U.S. Federal Reserve and its strategy going forward, with comment on bonds, oil and investor sentiment.
Important to have duel approach to regulation: EC’s Dombrovskis
Thu, 22 Jun 2017 05:03:00 GMT
European Commission Vice-President Valdis Dombrovskis talks about Brexit, with specific comment on regulation and derivatives clearing.
EU passporting rights linked to single market: EC’s Dombrovskis
Thu, 22 Jun 2017 05:03:00 GMT
European Commission Vice-President Valdis Dombrovskis talks about passporting rights, with comment on the single market, businesses and citizens’ rights in relation to Brexit. Added discussion on tax evasion.
Greek economy is recovering: EC’s Dombrovskis
Thu, 22 Jun 2017 05:03:00 GMT
European Commission Vice-President Valdis Dombrovskis talks about the economic future of Greece and whether the country’s lasting problems are still a threat to the euro zone.
EU Summit: What you need to know
Thu, 22 Jun 2017 05:03:00 GMT
CNBC’s Willem Marx breaks down what investors should expect from the EU summit in Brussels, as topics such as terrorism, Brexit and strengthening the EU are set to take center stage.
UK near-term future looks very testing: Pro
Thu, 22 Jun 2017 04:59:00 GMT
Beat Wittmann, partner at Porta Advisors, gives his current views on Brexit, with comment on how Prime Minister Theresa May is handling the negotiations.
UK PM to brief EU leaders on UK's Brexit plans
Thu, 22 Jun 2017 04:59:00 GMT
CNBC’s Willem Marx talks about the future of Brexit talks and British politics as Prime Minister Theresa May heads to an EU Summit in Brussels.
Bancomext’s Gonzalez: Need an enhanced NAFTA
Thu, 22 Jun 2017 04:59:00 GMT
Bancomext, is being recognized for the successful international issuance of tier-2 bonds. Here, Director General Francisco Gonzalez comments on the future of NAFTA, in relation to the U.S. administration and Mexico.
Inside Travis Kalanick's resignation as Uber's CEO
Thu, 22 Jun 2017 04:44:00 GMT
Travis Kalanick's final hours as Uber's chief executive played out in a private room in a downtown Chicago hotel, the NYT reports.
Trump to host Trump re-election fundraiser at Trump hotel
Wed, 21 Jun 2017 22:12:00 GMT
President Donald Trump will hold his first major re-election fundraiser at his hotel in Washington on June 28.
Gundlach says flatter Treasury yield curve could become a concern
Wed, 21 Jun 2017 21:49:06 GMT
NEW YORK (Reuters) - The U.S. Treasury yield curve flattening could become a concern for economic growth when two-year and three-year Treasury note yields are about the same, and the price per barrel...
Fed's Powell: US could ease Volcker Rule and exempt smaller banks
Wed, 21 Jun 2017 20:49:00 GMT
Bank regulators have room to ease the rule that limits how much Wall Street may gamble with customers' money, according to Jerome Powell.
Wall Street Journal fires top foreign affairs reporter over ethical conflict
Wed, 21 Jun 2017 20:25:00 GMT
The newspaper fired its chief foreign affairs correspondent after evidence emerged of his involvement in prospective commercial deals.
Low U.S. inflation£ It's your phone: BlackRock bond manager
Wed, 21 Jun 2017 18:31:28 GMT
NEW YORK (Reuters) - Americans' love of their smartphones and apps may be contributing to the sluggish pace of inflation that is worrying Wall Street and the Federal Reserve, a top bond manager at...
After MSCI verdict, still long wait for China's full entry to global indexes
Wed, 21 Jun 2017 18:25:08 GMT
HONG KONG (Reuters) - MSCI's decision to add Chinese shares to a key benchmark is a major milestone, but investors say it will be a long and rocky road ahead before the might of the world's...
U.S. stock market gets relief from strong fund flows: trade group
Wed, 21 Jun 2017 18:24:25 GMT
NEW YORK (Reuters) - U.S. stock fund flows rebounded in the latest week, providing succor to markets after multibillion dollar withdrawals in the prior week, data from trade group Investment Company...
Harley-Davidson enters race to buy Italian rival Ducati
Wed, 21 Jun 2017 18:05:00 GMT
U.S. motorcycle maker Harley-Davidson is lining up a takeover bid for Italian rival Ducati.
J.Crew's lenders consent to amend loan terms, buying the apparel retailer more time
Wed, 21 Jun 2017 17:32:00 GMT
J.Crew won approval from a majority of its debtholders to amend its loan agreement.
Consumer packaged goods sell-off 'overdone' following Amazon-Whole Foods deal
Wed, 21 Jun 2017 17:03:00 GMT
The sell-off in consumer packaged goods firms following the Amazon-Whole Foods deal "is overdone," says an analyst.
Op-Ed: The next CEO of Uber will face some huge challenges
Wed, 21 Jun 2017 14:52:00 GMT
Travis Kalanick's exit from Uber leaves his successor with many controversies to manage, says Vox's Timothy B. Lee.
Uncertainty May Lead To Choppy Trading On Wall Street
Wed, 21 Jun 2017 12:43:40 GMT
The major U.S. index futures are pointing to a roughly flat opening on Wednesday following the pullback seen in the previous session. Traders may be reluctant to make significant moves amid uncertainty about the near-term outlook for the markets after yesterday's weakness.
Here are the world’s most beloved CEOs
Wed, 21 Jun 2017 09:58:00 GMT
The approval ratings of chief executives at major companies around the world have been released today.
US State Department 'mystified' about Qatar blockade, questions Gulf motives
Wed, 21 Jun 2017 09:07:00 GMT
The US State Department questioned the motives of Saudi Arabia and the UAE for their boycott of Doha.
This once-soaring commodities firm is now 'in dire need of a transformational transaction'
Wed, 21 Jun 2017 07:13:00 GMT
Noble Group said it had reached an agreement with lenders to extend its revolving credit facility by 120 days from 20 June, 2017.
Toshiba taps Japan government-linked consortium as preferred bidder for memory business sale
Wed, 21 Jun 2017 07:07:00 GMT
Toshiba has selected a consortium led by the Innovation Network Corporation of Japan, Bain Capital and Development Bank of Japan for memory business sale.
Li Ka-shing says his elder son Victor will be his successor in principle
Wed, 21 Jun 2017 03:40:00 GMT
Billionaire Li Ka-shing has named his elder son as his successor in principle, the SCMP reports.
Why big mergers like Amazon-Whole Foods could put Fed on hold for more rate hikes
Tue, 20 Jun 2017 16:31:00 GMT
Evans said transformative moves could put pressure on inflation which in turn would slow the Fed.
Your Money: Will you still be paying off your summer vacation in 2018£
Tue, 20 Jun 2017 13:07:17 GMT
NEW YORK (Reuters) - Your summer vacation better be worth it because, chances are, you are still going to be paying it off next year.
Futures Pointing To Roughly Flat Open On Wall Street
Tue, 20 Jun 2017 12:46:33 GMT
The major U.S. index futures are pointing to a roughly flat on Tuesday following the strength seen in the previous session. Traders may be reluctant to make any significant moves following the upward move on Monday, which lifted the Dow and the S&P 500 to new record closing highs.
Exclusive: Goldman Sachs CEO Lloyd Blankfein on the global economy—‘things are pretty good’
Mon, 19 Jun 2017 22:32:00 GMT
Jim Cramer sits down with Goldman Sachs CEO Lloyd Blankfein for his take on the global economy.
Here’s a forecast that should worry investors betting on a second-half surge in the economy
Mon, 19 Jun 2017 17:16:00 GMT
Investors betting on a strong pickup in economic growth might want to hold that thought.
Strength Overseas May Lead To Upside On Wall Street
Mon, 19 Jun 2017 12:46:28 GMT
The major U.S. index futures are pointing to a higher opening on Monday following the mixed performance last week. Early buying interest may be generated in reaction to strength in the overseas markets, which benefited from political news out of Europe.
Americans are really optimistic about the economy, but it's no longer helping Trump: CNBC survey
Mon, 19 Jun 2017 12:00:00 GMT
A surge in economic optimism contrasts with a decline in Americans' approval of President Donald Trump.
The rich get richer: Millionaires own a record 45% of world's wealth — and their share is growing
Sat, 17 Jun 2017 14:42:00 GMT
There are 17.9 million households in the world, up 8 percent from 16.6 million last year, Boston Consulting Group said.
Consumer sentiment unexpectedly sinks in June
Fri, 16 Jun 2017 14:01:00 GMT
Consumers were much less optimistic than economists had expected in June, according to a preliminary reading.
Larry Summers: 5 reasons why the Fed may be making a mistake
Fri, 16 Jun 2017 13:22:00 GMT
Larry Summers offers five points that frame his doubts about the Fed's current approach to satisfying its dual mandate.
Stocks May Experience Choppy Trading Early On
Fri, 16 Jun 2017 12:56:36 GMT
The major U.S. index futures are pointing to a roughly flat open on Friday following the weakness seen in the previous session. The futures pulled back following the release of a report from the Commerce Department unexpectedly showing a steep drop in housing starts in the month of May.
US housing starts drop for a 3rd straight month
Fri, 16 Jun 2017 12:30:00 GMT
Homebuilders slowed down the pace of construction for the third straight month in May, a possible sign that the shortage of houses for sale might worsen.
The Fed wants to go on 'autopilot': Look out for storm clouds ahead
Thu, 15 Jun 2017 18:38:00 GMT
If Janet Yellen has her way, the Fed she chairs is about to go from the center of the universe to a mere afterthought.
Trump wants 4.5 million new apprenticeships in five years — with nearly the same budget
Thu, 15 Jun 2017 17:25:00 GMT
Trump wants to sharply boost the number of apprentices working in the U.S., without spending much more to do so.
Art Cashin warns the Fed: 'Wake up,' the economy isn't as good as it looks
Thu, 15 Jun 2017 15:49:00 GMT
"It's not that the economy is on life support but it's certainly not robust," UBS trader Art Cashin tells CNBC.
The new coal jobs the Trump team is touting might not actually exist
Thu, 15 Jun 2017 15:36:00 GMT
The Trump administration is using preliminary estimates to claim actual coal mining jobs are being created.
Homebuyers living in these cities need to move fast if they find a house they like
Thu, 15 Jun 2017 15:35:00 GMT
The competition for housing is heating up with the summer thermometer and continuing to set new records.
Factory output declines for second time in past three months
Thu, 15 Jun 2017 15:27:00 GMT
U.S. factory output fell unexpectedly in May on a broad decline in production.
Homebuilder confidence slips despite strong demand for new homes
Thu, 15 Jun 2017 14:00:00 GMT
A monthly survey of builder sentiment fell two points in June to 67, and May's reading was revised down a point.
Futures Pointing To Initial Weakness On Wall Street
Thu, 15 Jun 2017 13:05:19 GMT
The major U.S. index futures are pointing to a lower opening on Thursday following the mixed performance seen in the previous session.
New York factories rebound in June, best showing since 2014
Thu, 15 Jun 2017 12:46:00 GMT
Manufacturing in New York state rebounded this month to the highest level since 2014, another sign of strength for America's factories.
US import prices slipped 0.3%, more than expected, in May
Thu, 15 Jun 2017 12:33:00 GMT
U.S. import prices were expected to fall 0.1 percent in May, after rising 0.5 percent a month earlier.
US jobless claims fell more than expected as the labor market tightens
Thu, 15 Jun 2017 12:30:00 GMT
The number of Americans filing for unemployment benefits fell more than expected last week, pointing to shrinking labor market slack.
Fed Chair Janet Yellen's optimism is justified: JPMorgan strategist
Wed, 14 Jun 2017 22:33:00 GMT
Things are on track for three hikes a year and balance sheet normalization, maybe starting in September, Gabriela Santos said.
Fed hikes interest rates despite declining inflation, sets plan for balance sheet reduction
Wed, 14 Jun 2017 19:59:00 GMT
The Federal Reserve announced a quarter-point rate hike Wednesday.
Op-Ed: Here’s the most important thing about the Fed's rate hike
Wed, 14 Jun 2017 19:46:00 GMT
The Fed rate hike won't have a huge impact on people's budgets. But here's the part that is a big deal, says Notre Dame Professor Nelson C. Mark.
Federal Reserve Announcement In Focus On Wall Street
Wed, 14 Jun 2017 13:03:26 GMT
The major U.S. index futures are pointing to a higher opening on Wednesday, with stocks poised to extend the upward move seen in the previous session.
Bargain Hunting May Lead To Initial Strength On Wall Street
Tue, 13 Jun 2017 13:01:15 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday, following the weakness seen in the previous session.
Futures Pointing To Lower Open On Wall Street
Mon, 12 Jun 2017 13:12:43 GMT
The major U.S. index futures are pointing to a lower opening on Monday following the mixed performance seen last week.
Looming Fed Meeting May Lead To Choppy Trading On Wall Street
Fri, 09 Jun 2017 12:44:46 GMT
The major U.S. index futures are pointing to a higher on Friday as traders digest the results of the election in the U.K. The upward momentum on Wall Street comes even though no party gained a clear majority in the U.K. election, resulting in a hung parliament.
Comey, ECB, U.K. Elections Remain In Focus On Wall Street
Thu, 08 Jun 2017 12:55:50 GMT
The major U.S. index futures are pointing to a roughly flat opening on Thursday, as traders focus on several key events scheduled on the day. Traders are digesting the European Central Bank's latest monetary policy announcement and comments by ECB President Mario Draghi.
Focus On Tomorrow's Events May Lead To Choppy Trading
Wed, 07 Jun 2017 12:54:02 GMT
The major U.S. index futures are pointing to a roughly flat opening on Wednesday following the pullback seen over the two previous sessions. Trading activity is likely to be subdued ahead of several potentially market-moving events on both sides of the Atlantic on Thursday.
Rising Middle East Tensions May Weigh On Wall Street
Tue, 06 Jun 2017 12:55:26 GMT
The major U.S. index futures are pointing to a lower opening on Tuesday, with stocks poised to add to the modest losses posted in the previous session. Concerns about rising tensions in the Middle East may weigh on the markets after Saudi Arabia, the United Arab Emirates and Bahrain severed diplomatic relations with Qatar.
Profit Taking May Lead To Weakness On Wall Street
Mon, 05 Jun 2017 12:52:39 GMT
The major U.S. index futures are pointing to a modestly lower opening on Monday following the upward move seen last week. Profit taking may contribute to early weakness on Wall Street, as some traders look to cash in on the recent strength in the markets.
Weaker Than Expected Jobs Data In Focus On Wall Street
Fri, 02 Jun 2017 13:06:43 GMT
The major U.S. index futures are pointing to a higher opening on Friday following the release of the Labor Department's closely watched monthly jobs report. The upward momentum comes even though the report showed much weaker than expected job growth.
Futures Pointing To Initial Strength On Wall Street
Thu, 01 Jun 2017 12:53:01 GMT
The major U.S. index futures are pointing to a modestly higher opening on Thursday following the modest weakness seen in the previous session.
Profit Taking May Lead To Initial Weakness On Wall Street
Tue, 30 May 2017 12:56:03 GMT
The major U.S. index futures are pointing to a lower opening on Tuesday following the long holiday weekend. Traders may look to cash in on recent gains, which lifted both the Nasdaq and the S&P 500 to record closing highs last week.
Profit Taking May Lead To Initial Weakness On Wall Street
Fri, 26 May 2017 12:59:06 GMT
The major U.S. index futures are pointing to a modestly lower opening on Friday after stocks closed lower for six consecutive sessions. Profit taking may contribute to early weakness on Wall Street after the recent winning streak lifted the Nasdaq and the S&P 500 to new record closing highs.
Upbeat Earnings News May Help Stocks Extend Winning Streak
Thu, 25 May 2017 12:48:52 GMT
The major U.S. index futures are pointing to a higher opening on Thursday, with stocks looking to extend the upward trend seen over the past several sessions.
European Stocks Braced For Mixed Opening
Thu, 25 May 2017 06:37:47 GMT
European markets may follow their U.S. and Asian peers, but with a mixed opening on Thursday. Positive impact of the minutes of the Federal Reserve's latest meeting was reflected on Wall Street. Further, the investors are looking ahead to an OPEC meeting later in the day, which is widely expected to extend output cuts, possibly by as long as 12 months, to help clear global stocks overhang.
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