Wall Street ends higher, Cisco Systems jumps after expectations

Investors are still assessing the minutes of the Federal Reserve’s meeting on Wednesday Cole lowered the 2022 forecast Indices: Dow Jones up 0.1%, S&P 500 up 0.2%, Nasdaq up 0.2% NEW YORK (Reuters) – U.S. stocks closed higher on Thursday as upbeat sales forecasts from Cisco Systems helped lift the technology sector, while data showed … Read more

Stocks Gain, Ignoring Policymakers’ Recent Inflation Concerns

A man wearing a protective mask, amid the outbreak of the coronavirus disease (COVID-19), walks through an electronic board displaying the Shanghai Composite Index, the Nikkei Index and the Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/Kim Kyung-hoon Register now to get free unlimited access to Reuters.com Register LONDON … Read more

US retail sales stabilize on the back of lower gasoline prices; Flexibility of consumer spending

People shop for clothes at retail chain Target in Westbury, New York, US, May 20, 2021. REUTERS/Shannon Stapleton/File Photo Register now to get free unlimited access to Reuters.com Register Retail sales were unchanged in July. June sales review down Gasoline and cars represent steady sales Core retail sales rose 0.8% WASHINGTON (Reuters) – U.S. retail … Read more

US housing starts near the lowest level in 1-1/2 years; Factory production regression

Housing Starts Down 9.6%; Building permits decreased 1.3% Single household begins to decline by 10.1%; Permits drop 4.3% Home construction backlog up 5.0% Industrial production rebounded 0.7% WASHINGTON (Reuters) – U.S. home construction fell to its lowest level in nearly a year and a half in July, dragged down by higher mortgage rates and building … Read more

Oil reverses losses, demand concerns remain

China unexpectedly cuts key interest rates as economic data disappoints Iran responds to EU nuclear text and seeks US flexibility Oil production in the Permian Basin will rise to a record high in September -EIA Coming soon: API data on US oil inventories at 4:30 PM ET LONDON (Reuters) – Oil prices rose on Tuesday … Read more

Stocks and dollar firms drift as growth fears stifle sentiment

European shares rose 0.3% thanks to defensive names Markets have generally calmed down amid growth concerns in China and the US Dollar rises as investors seek safety LONDON (Reuters) – European shares slowly crept higher on Tuesday as investors sought safety in defensive names, while risk aversion also lifted the safe-haven dollar after weak Chinese … Read more

The S&P 500 and Nasdaq closed the fourth consecutive week on growing optimism

The Nasdaq and S&P 500 post their longest streak of weekly gains since November S&P 500 regains 50% of bear market losses The S&P 500 is up 17.7% from its mid-June low NEW YORK (Reuters) – Wall Street closed higher on Friday as signs that inflation had peaked in July increased investor confidence that a … Read more

Troubled British Economy Leads to Jubilee Crisis, But Recession Looms

Bank holidays marking the Queen’s Celebration affected UK GDP in June Production fell 0.6% in June versus expectations for a 1.3% decline. UK’s Zahawi says data shows resilience, economists see stagnation LONDON (Reuters) – Britain’s economy contracted less than expected in June, when public holidays were expected to take a heavy toll, even as sectors … Read more

Hope to at least raise interest rates to raise Wall Street, oil gains

LONDON (Reuters) – Wall Street headed for another day of gains on Thursday as investors pushed for higher inflation to persuade central banks to pull back from expected interest rate increases in September. The prospect of a less severe tightening in borrowing costs dragged the dollar down, while oil prices rose after the International Energy … Read more

Fed officials say more rate hikes are needed, despite slowing inflation

A picture of the Federal Reserve building in Washington, DC, US, August 22, 2018. REUTERS/Chris Watty/File Photo Register now to get free unlimited access to Reuters.com Register Kashkari sticks to his view on the 3.9% fed funds rate at the end of 2022 Evans sees 3.4% policy rate this year Both are pushing back market … Read more