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On Monday, Deputy Governor Ben Broadbent of the Bank of England hinted that the central bank could potentially lower interest rates in the coming months, contingent upon the gradual easing of the knock-on effects on wage growth and prices resulting from the surge in inflation observed in 2022. In his remarks ahead of his […]
Bank of England’s Broadbent says rate cut ‘possible’ this summer Read More »
On Monday, JPMorgan Chase increased its forecast for net interest income (NII) to $91 billion, excluding the markets division, highlighting the difference between what it earns on loans and what it pays out on deposits. The bank’s shares rose approximately 1% in premarket trading ahead of its investor day event scheduled to begin later
JPMorgan raises 2024 interest income forecast to $91 billion Read More »
U.S. stock index futures saw a slight uptick on Monday, with investor focus turning to Nvidia’s quarterly earnings and the release of the Federal Reserve’s policy meeting minutes later this week, potentially challenging Wall Street’s ongoing record-breaking streak. Last week, the three major indexes notched their fourth consecutive week of gains, buoyed by positive
Futures inch up with Fed minutes, Nvidia results on tap for the week : Read More »
The dollar held steady on Monday as investors awaited further guidance on the trajectory of U.S. interest rates following cautious remarks from Federal Reserve officials, despite signs of easing inflation. The euro remained largely unchanged at $1.0865, near a nearly two-month high of $1.0895 reached last week. It has gained 2% in May, supported
Dollar holds steady as investors wait for Fed guidance Read More »
The Dow Jones Industrial Average (DJIA) made history on Friday by closing above the key level of 40,000 for the first time ever. It gained 134.21 points, or 0.34%, reaching 40,003.59, after hitting an intraday high in the previous session. Meanwhile, the S&P 500 edged up 6.17 points, or 0.12%, to 5,303.27, while the
Dow Jones, Nasdaq, S&P 500 weekly preview: It’s the Nvidia earnings week : Read More »
U.S. stock futures saw marginal gains on Monday, maintaining a level of optimism at the outset of the week. Investors awaited further insights into the future trajectory of U.S. monetary policy. Here are some notable movers in the premarket trading session: JPMorgan Chase (NYSE:JPM) shares edged up by 0.7% following the investment bank’s upward
JPMorgan, Nvidia, Johnson Controls rise premarket; Li Auto falls Read More »
#Morgan_Stanley said they still expect a soft landing for the US economy, though they have lowered the probability to 50% from the previous 80%. Meanwhile, the Wall Street giant has raised its real gross domestic product (GDP) forecasts by 50%, expecting 2.3% growth in 2024 and 2.1% in 2025. They project three rate cuts
Morgan Stanley: Valuations appear rich, reaffirms 4500 price target on S&P 500 : Read More »
#Oil_prices traded marginally higher Friday, and were headed for a positive week as milder U.S. inflation, shrinking U.S. inventories and increased Chinese stimulus stoked hopes of improving demand. At 08:30 ET (12:30 GMT), #Brent #oil futures rose 0.1% to $83.29 a #barrel and West #Texas #Intermediate crude futures gained 0.1% to $79.28 a #barrel. Weekly
#Oil_prices #steady; weekly #gains #likely #amid #demand #hopes : Read More »
#Wall_Street’s main indexes were set to open marginally higher on Friday, looking to extend this week’s rally on growing expectations of #usa interest-rate cuts this year. The S&P 500 and Nasdaq were on course for a fourth straight week of gains, while the blue-chip Dow was on track for its fifth weekly advance, supported by
#Wall_Street set to open slightly higher, extend weekly gains : Read More »
#Donald_Trump’s legal team has painted Michael Cohen, his former attorney, as an unreliable witness who acted independently in the hush money trial involving a payment to adult film actress Stormy Daniels. However, legal experts argue that prosecutors have supported Cohen’s testimony with substantial evidence, including phone logs and corroborative accounts from other witnesses. Despite
#DJT #stock climbs amid #Trump #hush #money #trial #updates : Read More »