#USA_dollar edged higher Wednesday, bouncing from recent weakness with a number of Fed officials set to speak. At 04:20 ET (08:20 GMT), the #Dollar Index, which tracks the #greenback against a basket of six other currencies, traded 0.2% higher at 105.500, climbing away from last week’s roughly one-month low. More #Fed speak awaits The […]

  #USA_stock futures hug the flatline as markets assess the potential of #Federal_Reserve interest rate cuts later this year. More quarterly earnings reports are due on Wednesday, including returns from #Uber #Technologies (NYSE:#UBER) and Arm Holdings (NASDAQ:#ARM). Toyota ‘s annual profit nearly doubles thanks to solid demand for its hybrid offerings, but the carmaker warns of a

  #Oil_prices settled lower Wednesday, as an unexpected build in U.S. s#tockpiles and signs that the #Federal_Reserve is set to keep rates higher for longer than previously expected weighed on sentiment. At 14:30 ET (17:30 GMT), #Brent_oil futures fell 3.4% to $83.44 a barrel, while West Texas Intermediate crude futures fell 3.6% to settle at $79 a barrel,.

  The #Bank_of_Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor #Tiff #Macklem said on Wednesday. In opening remarks to the Senate banking committee, #Macklem said: “We are seeing what we need to see, but we need to see it for longer to be confident that

  The #Federal#Reserve decided today to maintain its benchmark interest rate. Inflation data since January have been higher than anticipated, causing market participants to adjust their expectations significantly.  The #Fed announced plans to slow its balance sheet normalization process in the upcoming month. Starting in June, the #central_bank will decrease this rate to $25 #billion

  S&P 500 closed lower Wednesday after swinging between gains and losses as the Federal Reserve kept rates unchanged on Wednesday, but the #central_bank maintained its easing basis, downplaying the prospect of rate hikes.  #At 16:00 ET (20:00 #GMT), S&P 500 fell 0.40%, the NASDAQ #Composite fell 0.3%, and the #Dow_Jones Industrial Average climbed 85 points, or 0.2%.

  #Oil_prices fell for a third day on Wednesday on rising crude #inventories and #production in the #usa the world’s biggest oil consumer, along with increasing hopes of a ceasefire agreement in the #Middle_East. Brent crude futures for July fell 47 cents, or 0.5%, at $85.86 a barrel by 0005 GMT. U.S. West Texas Intermediate

  #Japan may introduce measures to provide tax breaks for companies converting #foreign #profits into #the_yen and include it in the government’s annual mid-year policy blueprint compiled in the summer, the #Sankei newspaper reported. The tax holiday may be deployed as a policy tool to stem the yen’s sharp declines, incentivising firms to return overseas

  #Ukraine launched drones on several #Russian regions in hours leading to Wednesday morning, #Russian officials said, with #unofficial #Russian_news outlets reporting a fire at the Ryazan oil refinery after the #attack. Pavel Malkov, governor or the Ryazan region, which shares a border with the Moscow region in its northwestern parts, said that there were

  #Oil_prices fell sharply in #Asian #trade on Wednesday, extending recent losses as signs of an unexpected build in #usa_stockpiles and strong crude production sparked doubts over tight supply conditions.  #Markets were also on edge before the conclusion of a Federal Reserve meeting later in the day, where the #central_bank is widely expected to strike