ADVFN US – Market Content Editor

Sterling declined as markets price in Bank of England rate cuts in early 2024 after weaker-than-expected U.K. November inflation data. “There’s growing confidence cuts to the base rate could begin as early as March and that by this time next year the economic landscape will look very different,” AJ Bell said.

Stock futures were softer early Wednesday, not far below levels that would represent a fresh record for the S&P 500. Futures showed the S&P 500 in line to open less than 1% shy of the record closing closing high of 4796.56 it recorded at the start of January 2022. The benchmark has jumped 24.2% this…

Starbucks CEO Takes On Chain’s Social Media Controversy Over Israel-Hamas War “We see protestors influenced by misrepresentation on social media of what we stand for,” CEO Laxman Narasimhan said in a letter. Universal Eyes European Theme-Park Challenge to Disney The company has bought land north of London while weighing opening a competitor to Paris Disneyland.…

The Commerce Department released a report on Tuesday unexpected showing a substantial increase in new residential construction in the U.S. in the month of November. The report said housing starts soared by 14.8 percent to an annual rate of 1.560 million in November after inching up by 0.2 percent to a downwardly revised rate of…

The major U.S. index futures are currently pointing to a modestly higher open on Tuesday, with stocks likely to see further upside after ending the previous session mostly higher. Optimism about the outlook for interest rates may contribute to continued strength on Wall Street, as stocks appear poised to extend the upward trend seen over…