ADVFN US – Market Content Editor
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Fed Should Keep Interest Rates Unchanged And Leave The Door Open For Hikes Later This Year
The Federal Reserve is expected to keep US interest rates unchanged in Wednesday’s decision, according to the Refinitiv consensus, and leave the way open for a rise in Fed Funds later this year, after recent indicators point to the acceleration of consumer inflation in the United States. United. The Federal Open Market Committee (FOMC) begins…
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North American Morning Briefing: Stock Futures Lack Momentum as Fed Decision Looms
Market Wraps Watch For: Housing Starts for August; Canada Consumer Price Index for August; Instacart IPO Today’s Top Headlines/Must Reads: – American Business Confidence in China Slumps to Lowest in Decades – UAW Strike Collides With Biden’s Manufacturing Agenda – Auto Loans Pass Student Loans in Consumer Debt Load, Fed Data Shows Opening Call: Stock…
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US Futures Flat, European Stocks Mixed Ahead of Central Bank Decisions
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Billerud rose 6.6% and Hargreaves Lansdown rose 3.8%. On the other hand, Kingfisher…
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Top Company News of the Day: Instacart, Mallinckrodt, Block, NIO
Talks Resume in Detroit Amid Threat of Expanding Strike Wages remain focal point, and investors already are sizing up the potential hits to the automakers’ bottom lines. Instacart Prices IPO at $30 a Share, at Top End of Expectations The grocery-delivery company is valued at nearly $10 billion ahead of its long-anticipated public-trading debut Tuesday.…
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U.S. Stocks Finish Lackluster Session Little Changed
Following the volatility seen to close out the previous week, stocks turned in a relatively lackluster performance during trading on Monday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the session slightly higher. While the S&P 500 edged up 3.21 points or 0.1 percent…
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Crypto This Monday: Ant Group Abandons Crypto Fund, Blockchain Capital Raises US$580 Million, and More
Ant Group withdraws from crypto fund after controversies Chinese fintech giant Ant Group is parting ways with crypto fund A&T Capital, which had a value of $100 million and focused on international crypto projects. A&T Capital, founded with the support of Ant Group in 2021, had already invested in renowned startups in the sector. Ant Group’s move…
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Looming Fed Meeting May Lead To Choppy Trading On Wall Street
US Market The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the volatility seen to close out the previous week. Traders may be reluctant to make significant moves as they look ahead to the Federal Reserve’s monetary policy announcement…
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Monday’s Wall Street Highlights: Cisco Systems, GM, Alibaba, SVB Financial, Clorox and More
US Index Futures are slightly up in Monday’s pre-market, a day with a light global agenda, with the whole week’s global focus being on the U.S. interest rate decision on Wednesday. At 6:52 AM, Dow Jones (DOWI:DJI) futures were up 35 points, or 0.10%. S&P 500 futures rose 0.14%, and Nasdaq-100 futures increased by 0.17%.…
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North American Morning Briefing: Cautious Start to Week With Fed, Other Central Banks Primed
Market Wraps Watch For: Canada Housing Starts for August; Earnings from Stitch Fix; Airbnb and Blackstone are set to join the S&P 500 Today’s Top Headlines/Must Reads: – Why a Soft Landing Could Prove Elusive – An Even Bigger Housing Crisis Threatens China’s Economy – Republican Groups Craft Short-Term Bill to Keep Government Open Opening…
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US Futures Rise, European Stocks Drop
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average rose 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.5% in morning trading. Mondi PLC climbed 4.5% and International Distribution Services added 4%. On…