Markets The BoE is widely expected to keep interest rates steady today, but could signal a need for a further cut in November when it provides an updated outlook for inflation. The central bank slashed its benchmark rate last month … Continue reading
Markets In his annual State of the Union speech, European Commission President Jean-Claude Juncker warned the EU was facing an “existential threat,” but insisted that Brexit doesn’t mean “the disintegration of the European Union.” He also said the U.K. could … Continue reading
Markets S&P futures fell 50 bps on Friday and were down 30 points pre-open on Monday. They closed up roughly 35 points yesterday, but are now 15 points lower pre-market. “It’s like going to a casino,” traders are saying in … Continue reading
Markets Global stocks are starting the week sharply lower, as concerns about tighter monetary policy and rising bond yields halt two months of calm summer trading. Some Fed members have been trying to convince markets that the September meeting would … Continue reading
Markets Global equities are also lower after the European Central Bank held interest rates at record lows and refrained from adding new stimulus. While President Mario Draghi said the ECB was looking at options to continue its money-printing program, investors … Continue reading
Markets As Mario Draghi prepares to face the cameras today, analysts have rarely been so divided over what to expect from the ECB president. Officials signaled they were ready to unleash fresh stimulus to support the eurozone immediately following Brexit, … Continue reading
Markets Apple is expected to unveil new products at a San Francisco event later today and the iPhone 7 is in the spotlight. The device is expected to lose its headphone jack, gain improved cameras and include a pressure-sensitive home … Continue reading
Markets Shares across the globe have started the week in a positive mood after Friday’s muted U.S. jobs report fueled expectations the Fed may refrain from raising interest rates later this month. “The unemployment report was not weak enough to … Continue reading
Markets U.S. Treasuries are set for their largest monthly loss since June 2015 after a slew of hawkish rhetoric from Fed officials almost doubled the probability of a September rate hike to 34% in the futures market. Fed Vice Chairman … Continue reading
Markets EU antitrust regulators have ordered Apple (NASDAQ:AAPL) to pay up to €13B ($14.5B) in taxes to the Irish government after ruling that a special scheme to route profits through the country was illegal state aid. “In fact, this selective … Continue reading