Wall Street ends higher, notches weekly gains as Fed meeting looms

PCE: inflation cools along with consumer spending American Express, Visa climb higher on solid demand Chevron falls after missing profit estimates Indexes up: Dow 0.08%, S&P 0.25%, Nasdaq 0.95% NEW YORK, Jan 27 (Reuters) – Wall Street advanced on Friday, marking the end of a rocky week in which economic data and corporate earnings guidance … Read more

Wall Street closes green as GDP data eases recession worries

Microsoft, Tesla lead S&P, Nasdaq higher IBM announces job cuts, asset divestment Bed Bath & Beyond sinks on default notice Intel slides after the bell following results Indexes up: Dow 0.61%, S&P 1.10%, Nasdaq 1.76% NEW YORK, Jan 26 (Reuters) – Wall Street ended a choppy session higher on Thursday as investors grappled with an … Read more

Indian shares set to open higher as US recession fears ease

BENGALURU, Jan 27 (Reuters) – Indian shares are set to open higher on Friday benefiting from a broader risk-on sentiment after stronger-than-expected US economic growth data eased concerns of a recession, while investors remained watchful ahead of release of the federal budget and central bank meetings due next week. India’s NSE stock futures listed on … Read more

Oil prices firm on China demand optimism

LONDON, Jan 26 (Reuters) – Oil prices rose 1% on Thursday on expectations that demand will strengthen as top oil importer China reopens its economy and on news US crude inventories have risen less than expected. Brent crude futures rose 78 cents, or 0.9%, to $86.90 a barrel by 1046 GMT. US West Texas Intermediate … Read more

S&P 500 closes slightly red as weak corporate guidance fuels recession fears

AT&T gains on subscriber adds General Dynamics slides after weak outlook Tesla, IBM post results Indexes: Dow up 0.03%, S&P 500 off 0.02%, Nasdaq down 0.18% NEW YORK, Jan 25 (Reuters) – The S&P 500 ended nominally lower on Wednesday as a string of corporate earnings ran the gamut from downbeat to dismal, reviving worries … Read more

INDIA RUPEE Rupee edges higher on soft dollar, traders eye inflows

MUMBAI, Jan 25 (Reuters) – The Indian rupee strengthened against the US currency on Wednesday, as the dollar remained muted and Treasury yields declined. The rupee was trading at 81.5350 per dollar by 10:13 am IST, compared with its previous close of 81.72. The currency weakened around 0.7% in the first two days of the … Read more

Gold eases off nine-month peak as US dollar, yields gain

Holdings in iShares Silver Trust rose 4% on Monday US 10-Treasury yields at near one-week peak Jan 24 (Reuters) – Gold prices pulled back from a nine-month high on Tuesday due to a slight uptick in the dollar and US bond yields, although hopes of slower interest rate hikes from the Federal Reserve underpinned the … Read more

Wall Street totters after mixed earnings, trade halt glitch

SEC investigating NYSE opening bell glitch 3M slides on downbeat Q1 forecast J&J falls on sales warning; GE down on weak profit view Microsoft to report quarterly earnings after market close Indexes: Dow up 0.18%, S&P 500 off 0.13%, Nasdaq down 0.25% NEW YORK, Jan 24 (Reuters) – Wall Street was mixed on Tuesday as … Read more

Morning Bid: It’s all about the weather

A look at the day ahead in European and global markets from Wayne Cole. It’s been another quiet session in Asia with many markets still on holiday. Japan was open and the BOJ’s dogged defense of Yield Curve Control seems to be working with 10-year yields holding around 0.39% and away from the 0.5% ceiling. … Read more