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#USA #Federal_Reserve held its benchmark overnight interest rate steady in the 5.25%-5.50% range at the end of a two-day meeting on Wednesday. Policymakers remain uncertain about the timing of a first rate cut, and say they want to see more data confirming that inflation will fall, even if slowly. #Among the key statistics they […]
#Explainer_Charting the #Fed’s #economic data flow : Read More »
#USA_Federal #Trade Commission has sought additional information about a $16.5 #billion deal by #Novo #Nordisk (NYSE:#NVO)’s parent to buy manufacturing subcontractor Catalent (NYSE:#CTLT). The deal was announced in February and #Novo #Nordisk Foundation has since refiled its application to the #USA FTC seeking regulatory approval for it. #Catalent in a regulatory filing on Friday
US FTC seeks more information on Novo Nordisk parent-Catalent deal : Read More »
#USA_job growth slowed more than expected in April and annual wage gains cooled, signs of a looser labor market which are good news for markets and the #Federal_Reserve that will likely require more such signals before pivoting from a higher for longer policy. Nonfarm payrolls increased by 175,000 jobs last month, the #Labor_Department said
#USA_jobs #report shows looser #labor #market, good #news for #Fed : Read More »
#Societe_Generale shares fell more than 5% on Friday after the bank’s #CFO flagged that net interest income in 2024 from the group’s #French retail business would be at the lower end of guidance. The #French_bank’s shares had earlier gained more than 5%, hitting their highest since March 2023, after SocGen reported first-quarter results that
#SocGen’s weak prospects in #French #retail hits shares : Read More »
#USA_stock index futures rose further Friday after the key monthly employment report showed slowing jobs #growth, raising hope that the #Federal #Reserve could ease interest #rates relatively shortly. AT 08:40 ET (12:40 GMT), #Dow_Jones Futures rose 505 points, or 1.3%, S&P 500 Futures lifted 60 #points, or 1.2%, and #Nasdaq 100 Futures climbed 280 points, or 1.6%.
#USA_stock futures surge on #payrolls #disappointment; #Apple helps #sentiment : Read More »
The #USA_economy added fewer #jobs than anticipated in April, but the overall employment picture remained relatively tight, potentially impacting when #markets expect the Federal Reserve to roll out possible interest rate reductions this year. The Labor Department’s closely-monitored labor market report showed that nonfarm #payrolls came in at 175,000 last month, down from an upwardly
#USA adds #fewer_jobs than anticipated in #April : Read More »
The #World_Gold_Council (#WGC) released its long-awaited Q1 2024 #Demand #Trends report, which aligned with views that central banks have sustained their #gold purchasing spree despite rising #prices. #Furthermore, the report showed that demand for gold bars and coins remains strong and pointed out a significant increase in open interest on both the #Shanghai_Futures #Exchange
#gold_prices is a buying opportunity – #UBS : Read More »
#USA_sellers of raw milk appear undeterred by #federal health warnings for consumers to avoid drinking unpasteurized milk in light of a bird flu outbreak that has affected dairy herds in nine states and sickened at least one dairy farm worker. Thirty of the 50 #USA #states permit the sale of raw milk, which accounts
Bird flu outbreak in #dairy_cows fails to deter #USA raw #milk_sellers : Read More »
#Asian_stocks got off to a shaky start on Thursday after the #Federal_Reserve flagged delays to interest rate cuts, while the #dollar fell heavily on the #yen in what traders reckoned was Japanese intervention. #Oil fell sharply overnight as the prospect of cuts seemed more distant and after a surprise jump in U.S. stockpiles, with
#USA_stocks closed mixed on Wednesday after the #Federa_Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured. The S&P 500 and the #Nasdaq ended lower while the #Dow_Jones Industrial Average notched a modest gain. The #Federal
#S&P #500, #Nasdaq end lower after #Fed #rate decision, #Powell press conference : Read More »