Australia revises down commodity revenue forecasts as prices trend lower By Reuters – Investing.com
lewis jackson SYDNEY (Reuters) – Australia slightly cut its forecast for resources and energy export earnings on Monday, as a broad-based decline in commodity prices and a strong currency continue to weigh on a key source of government revenue. Australia now expects its primary products export revenues to fall by around 10% to A$372 billion […]
Top 5 things to watch in markets in the week ahead – Investing.com
Investing.com — With the latest U.S. jobs numbers released this week and Federal Reserve Chairman Jerome Powell speaking, investors may get some hints about the size of the Fed's next interest rate cut. Meanwhile, markets begin the final quarter of what has been a turbulent year. Let's see what happens in the market over the […]
Dow advances to record high after inflation report; small caps outperform By Reuters – Investing.com
Written by Johan M. Cherian and Purvi Agarwal (Reuters) – The blue-chip Dow rose to a new intraday high on Friday as a positive inflation report paves the way for the Federal Reserve to continue easing interest rates while focusing on strengthening the labor market. Small-cap stocks outperformed as the market opened. Consumer spending rose […]
S&P, Dow futures hover near flatline ahead of fresh US economic data – Investing.com
Investing.com — U.S. stock futures were mostly weak on Friday as investors awaited the release of a slew of economic data, including new consumer spending data and the Federal Reserve's recommended inflation measure. By 6:31 ET (10:31 GMT), the contract was little changed, down 5 points, or 0.1%, and down 43 points, or 0.2%. The […]
Futures lower, consumer spending and PCE ahead – what's moving markets – Investing.com
Investing.com — U.S. stock futures are falling as traders prepare for the release of new economic data on Friday. Investors will have the opportunity to analyze consumer spending and inflation numbers as they try to assess the state of the U.S. economy, with the possibility of further rate cuts by the Federal Reserve later this […]
Germany turns up heat on UniCredit as Orcel urges talks over Commerzbank By Reuters – Investing.com
Valentina Za and Christian Kramer MILAN/BERLIN (Reuters) – Germany stepped up its opposition on Wednesday to UniCredit's raid on Italy's Commerzbank (ETR:) as the bank's biggest investors called for talks, which have been sought by the bank's Chief Executive Andrea Orsel. Two weeks after UniCredit shocked politicians and investors by buying a large stake in […]
Dollar continues to fall; euro near multi-month high – Investing.com
Investing.com – The US dollar fell on Wednesday, adding to losses from the previous day, while the euro rose despite signs of a weakening euro zone economy. As of 4 a.m. ET (9 a.m. GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was trading down 0.1% at 100.080 […]
Trafigura names Richard Holtum as new CEO By Reuters – Investing.com
Robert Harvey (Reuters) – International finance company Trafigura said on Tuesday that Richard Holtham will take up the role of chief executive officer from Jan. 1 next year. Jeremy Weir, who has served as CEO for more than 10 years, will step down and become group chairman on the same day. Holtum, who will join […]
Gold prices hit record high on rate cut cheer; copper rallies on China stimulus – Investing.com
Investing.com — Gold prices hit a record high in Asian markets on Tuesday, extending their recent upward trend amid continued optimism over U.S. interest rate cuts, with attention focused this week on further signs of things to come. Among industrial metals, copper prices surged after the Chinese government announced a series of stimulus measures, raising […]
US stock futures tick lower with more Fed cues in focus – Investing.com
Investing.com — U.S. stock index futures were slightly lower in evening trading on Monday as Wall Street stabilized near record highs and attention focused on further signals from the Federal Reserve on upcoming interest rates. Wall Street is off to a sluggish start this week, recovering slightly from Friday's declines but still has its sights […]