Market Pulse - Usa
US open: Stocks limp into long weekend
Wall Street's main indices are limping into quarter-end with technology issues again lagging behind despite better than expected readings on the economy.
Chicago PMI shoots pasts forecasts in June
Manufacturing sector activity in the Chicago area picked up sharply in June.
US personal incomes and spending rise as expected in May
Americans' incomes and consumption rose roughly by as much as expected last month amid a small dip in price pressures.
US close: Tech stocks lead another wide slide
Markets in the US finished in the red on Thursday, with a number of New York’s big tech stocks dragging the benchmarks down.
Initial US weekly jobless claims edge higher
Layoffs in the US continued to hold at record low levels last week, the latest set of official weekly figures revealed.
Brazil falls into deflation in June, paving way for central bank rate cuts
Brazil sank into deflation in June for the first time since 2010 amid broad price declines driven by favourable weather, lower energy costs and weak domestic demand, possibly opening the door to further central bank interest rate cuts.
US open: Wall Street gains as dollar slips, banks rise
Gains for banks and commodity-related issues saw Wall Street bounce back from recent weakness despite mixed reports on the economy.
WTI futures jump as DoE data reveals drop in domestic output
Oil futures snapped higher on the heels of US government data showing a drop in domestic oil production, although crude stockpiles did edge higher.
Royal Philips announces Spectranetics takeover in all-cash deal
Royal Philips, a global leader in health technology together with the Spectranetics, a US-based global leader in vascular intervention and lead management for removing defribillator leads, today announced a definitive merger agreement.
Euro headed back to 1.30?
The European single currency pierced a key level of technical resistance and past a certain point further gains might trigger another large move higher, according to technical analysts.
Valuation of some assets somewhat rich, Fed's Yellen says
The head of the US central bank reiterated that a gradual path of policy tightening would likely be appropriate, adding that the valuations of some asset prices had become somewhat rich.
US close: Weak consumer sentiment weighs on markets
Weaker-than-expected readings on consumer confidence weighed on Wall Street throughout Tuesday’s session.
US open: Weak data weighs on shares, banks outperform
Weaker than expected readings on consumer confidence weighed on Wall Street early in the session even as investors eyed a speech by Federal Reserve chair Janet Yellen later in the day.
Ukraine struck by massive cyber attack, banks and government hit
A massive cyber attack has targeted much of Ukraine’s state infrastructure as IT systems in the country’s national bank and its largest airport shut down.
Google slapped with record €2.4bn fine by EU
The European Commission has hit US tech giant Google with a record €2. 4bn fine for promoting its own shopping comparison service ahead of competitors.
US Supreme Court partially lifts Trump travel ban
President Donald Trump has had his travel ban partially reinstated by the US Supreme Court, which will take a final decision on the controversial policy in October.
US open: Stocks rise despite weak economic data, oil price slip
Wall Street's main market averages were firmly on the black on Monday, despite mixed news on the economic front.
US durable goods orders miss forecasts in May
Total durable goods orders in the States shrank by more-than-expected last month, amid sharp falls in those for civilian and defence aircraft and weakness in core orders, with analysts linking the latter to the retreat in oil prices.
US central bank needs to continue raising rates, Fed's Williams says
The US central bank needs to continue tightening policy gradually in order to prolong the economic expansion for as long as possible, a top rate-setter said.
US oil rig count keeps climbing, Baker Hughes says
The number of oil rigs in operation in the US continued to climb last week, increasing by 11 to 758, according to the results of the most widely-followed survey tracking them.