MCE

Morning Bid: AI buzzes but market shrugs at Nvidia beat

by
Morning Bid: AI buzzes but market shrugs at Nvidia beat

A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, U.S., February 25, 2020. REUTERS/Lucas Jackson/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets from Mike Dolan The mercurial world of … Read more

Fed shifts into cautious policy mode as risks become more two-sided

by
Fed shifts into cautious policy mode as risks become more two-sided

WASHINGTON, Nov 21 (Reuters) – U.S. Federal Reserve officials agreed at their last policy meeting that they would proceed “carefully” and only raise interest rates if progress in controlling inflation faltered, the minutes of the Oct. 31-Nov. 1 gathering showed on Tuesday. “All participants agreed that the Committee was in a position to proceed carefully,” … Read more

Wall St ends down after recent gains; retailers, tech weak

by
Wall St ends down after recent gains; retailers, tech weak

Best Buy down on weak outlook Kohl’s slips on quarterly sales miss NEW YORK, Nov 21 (Reuters) – U.S. stocks retreated on Tuesday and the S&P 500 snapped a five-session winning streak, with retailers down after some disappointing outlooks and technology shares falling. Indexes stayed lower after minutes from the latest Federal Reserve meeting showed … Read more

Frankfurt builds up clearing volumes as EU seeks to pull business from London

by
Frankfurt builds up clearing volumes as EU seeks to pull business from London

A general view shows the German stock exchange (Deutsche Boerse) in Frankfurt, Germany, February 12, 2019. REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing Rights LONDON, Nov 21 (Reuters) – Deutsche Boerse’s (DB1Gn.DE) derivatives arm said on Tuesday that it has been building up volume in its Euribor futures contract in Frankfurt as the European Union vies with … Read more

Argentina markets buckle up for reopening after Milei election triumph

by
Argentina markets buckle up for reopening after Milei election triumph

Argentina domestic markets re-open after Monday bank holiday International bonds, US-listed stocks surged in post election rally U.S.-premarket indications point to more equities gains LONDON, Nov 21 (Reuters) – Investors were buckling up on Tuesday as Argentina’s local markets prepared to reopen after the weekend’s presidential election win of radical libertarian outsider Javier Milei. Argentina’s … Read more

Morning Bid: Rallying Nikkei on the cusp of a breakout

by
Morning Bid: Rallying Nikkei on the cusp of a breakout

Passersby wait at a crossing in front of an electronic board showing Japan’s Nikkei average outside a brokerage, in Tokyo, Japan, March 17, 2023. REUTERS/Androniki Christodoulou/File Photo Acquire Licensing Rights Nov 21 (Reuters) – A look at the day ahead in Asian markets from Alden Bentley, U.S. Breaking News Editor for Finance and Markets. A … Read more

Cheap yuan catapults China to second-biggest trade funding currency

by
Cheap yuan catapults China to second-biggest trade funding currency

SHANGHAI/SINGAPORE, Nov 17 (Reuters) – Global companies are making a beeline for China’s debt markets, issuing record amounts of yuan-denominated bonds and borrowing heavily from mainland banks, capitalising on rock-bottom yuan interest rates as funding costs elsewhere jump. Companies and banks are raising record amounts of cash through yuan bonds issued in mainland China and … Read more

Stocks, bonds in euphoric mood, but dollar takes a beating

by
Stocks, bonds in euphoric mood, but dollar takes a beating

[1/2]A TV presenter gets ready for the daily reporting from the floor of the German share price index DAX at the stock exchange in Frankfurt, Germany, November 15, 2023. REUTERS/Staff/File Photo Acquire Licensing Rights Asian stock markets : Oil prices near four-month low after steep sell off Bonds rally as softer U.S. data hardens rate … Read more

China to allow road trials of intelligent connected vehicles

by
China to allow road trials of intelligent connected vehicles

BEIJING, Nov 17 (Reuters) – China will allow road trials of some intelligent connected vehicles (ICVs) in designated city areas, the industry ministry said on Friday. The world’s largest auto market has set its long-term strategic focus on ICVs in a push to become the leading global player in the still nascent industry. The trials … Read more

Exclusive: Three Fed governors tell US senator there is room to reduce balance sheet

by
Exclusive: Three Fed governors tell US senator there is room to reduce balance sheet

Federal Reserve Vice Chair Philip Jefferson speaks at a conference of the National Association for Business Economics in Dallas, Texas, U.S., October 9, 2023. REUTERS/Ann Saphir/File Photo Acquire Licensing Rights NEW YORK, Nov 16 (Reuters) – The three newest Federal Reserve governors, including Vice Chair Philip Jefferson, have told a U.S. senator it’s unclear how … Read more