Markets The Fed kept interest rates on hold at its May meeting, but maintained expectations for further 2017 rate hikes. In a unanimous statement – the committee said it “views the slowing in growth during the first quarter as … Continue reading
Markets Investors aren’t betting the Fed will raise its short-term interest rates today following Friday’s weak GDP report, which showed the U.S. economy growing at a 0.7% annual rate. The decision will be announced at 2:00 p.m. ET. Market-implied … Continue reading
Markets The world’s largest company by market capitalization reports earnings after the bell. Apple (NASDAQ:AAPL) is expected to post revenue of $53B and EPS of $2.02. Sales of iPhones are forecast to increase 1% year over year to 52M, … Continue reading
Markets In Asia, Japan +0.6%. Hong Kong closed. China closed. India closed. In Europe, at midday, London closed. Paris closed. Frankfurt closed. Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.3%. Crude -0.3% to $49.19. Gold -0.3% to $1264. … Continue reading
Markets Nasdaq 100 futures surged after-hours on Thursday after encouraging earnings from Amazon (NASDAQ:AMZN) and Alphabet (GOOG, GOOGL). The online retailer’s Q1 profit jumped 41%, marking its eighth straight quarter in the black, while the Google parent’s profit grew … Continue reading
Markets A record-setting equity rally appears to be running out of steam, with unconvincing U.S. tax cut plans and caution setting in before today’s ECB meeting. The bank is expected to keep ultra-loose monetary policy steady ahead of a … Continue reading
Markets How will equities react? Analysts seem divided over the tax plan, with some saying stocks could be vulnerable to a selloff, while others see it as a catalyst higher, along with earnings momentum. Future values are meanwhile predicting … Continue reading
Markets In Asia, Japan +1.1%. Hong Kong +1.3%. China +0.2%. India +1%. In Europe, at midday, London +0.3%. Paris +0.3%. Frankfurt flat. Futures at 6:20, Dow +0.3%. S&P +0.1%. Nasdaq +0.2%. Crude +0.3% to $49.39. Gold -0.4% to $1272.60. … Continue reading
Markets Markets are breathing a sigh of relief… The euro soared as high as $1.094, hitting a five-month high, while the CAC 40 rose 4% in opening trade. Positive movement is extending across European markets and U.S. stock index … Continue reading
Markets In Asia, Japan +1%. Hong Kong -0.1%. China flat. India -0.2%. In Europe, at midday, London -0.1%. Paris -0.6%. Frankfurt +0.1%. Futures at 6:20, Dow flat. S&P +0.1%. Nasdaq +0.2%. Crude flat at $50.72. Gold flat at $1283.30. … Continue reading