Pedro Goncalves writes: The pound was steady this morning as traders await the latest inflation figures due on Wednesday. Sterling was higher against the dollar, up 0.1% at $1.3520, and remained flat against the euro at €1.1570. The upbeat UK gross domestic product (GDP) report for the second quarter could complicate the Bank of England’s…
US stocks opened higher on Friday on hopes of a dovish Federal Reserve board after President Donald Trump’s temporary pick for a central bank governor post. As of 12:18 PM Eastern, the S&P 500 was up 0.8%, the Dow Jones Industrial Average rose 0.6%, and the Nasdaq added 0.9%. As of 9:57 AM Eastern, the…
Pedro Goncalves writes: Shares in American Eagle Outfitters were higher in pre-market trading and closed 23% higher on Monday after US president Donald Trump complimented the retailer’s marketing campaign with actress Sydney Sweeney. “Sydney Sweeney, a registered Republican, has the ‘HOTTEST’ ad out there,” Trump wrote in a post on Truth Social, the social media…
Tesla shares nosedived as Elon Musk warned investors about future earnings (JUSTIN SULLIVAN) Stock markets mostly bumped upwards Thursday as hopes grew that the European Union could strike a trade deal with the United States, while Tesla shares nosedived on poor earnings results. Investors have profited in recent weeks from wagers that governments will eventually…
By Alun John LONDON (Reuters) -European stocks took an early lead in 2025, outperforming Wall Street thanks to erratic U.S. policymaking and Germany’s once-in-a-generation fiscal shift, but U.S. markets have caught up. The broad European STOXX 600 (^STOXX) index was up 6.6% so far this year, as of Friday’s close, compared with 6.8% for the…
Wall Street investors in the week ahead are expected to focus on key economic data, including monthly non-farm payrolls report, and on Senate Republicans’ push to pass US President Donald Trump’s “One Big Beautiful Act” legislation. The Republicans are planning to vote on the proposed budget reconciliation bill over the weekend. It was passed in…
(Bloomberg) — The perils of trade and geopolitics will only slow the rally in European stocks rather than derail it, according to Wall Street strategists. Most Read from Bloomberg The Stoxx Europe 600 Index (^STOXX) is expected to end the year around 557 points, according to the average of 19 strategists polled by Bloomberg. That…
Wall Street investors would have plenty of economic data to analyse in the week ahead. A key inflation – Federal Reserve-preferred Personal Consumption Expenditures (PCE) price index, flash PMI readings from the S&P, personal income and spending data, among other economic reports will be released. On Wednesday, the US central bank kept its interest rate…
In a holiday-shortened week ahead, Wall Street investors will be focusing on home sales data and the Federal Reserve minutes of January monetary policy meeting. The markets will remain closed on Monday to mark Presidents’ Day. The week will also see other economic data including preliminary PMIs by S&P Global for services and manufacturing, and…
US stock indices were muted on Friday after mixed economic data and as investors awaited more clarity on President Donald Trump’s reciprocal tariff plans. On Thursday, Trump said his economics team will devise plans for reciprocal tariffs on every country taxing US imports, though the directive stopped short of imposing fresh tariffs. At 9:40 am…