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Fed Minutes Suggest Interest Rates To Remain Higher For Longer
With recent data not increasing confidence inflation is moving sustainably toward 2 percent, the minutes of the latest Federal Reserve meeting suggest officials expect to maintain interest rates at current levels longer than previously thought.
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Swiss Market Ends Lower For 2nd Straight Day
The Switzerland market ended weak on Wednesday, extending losses from the previous session, with investors continuing to take some profits after a long winning run.
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U.S. Dollar Appreciates Ahead Of Fed Minutes
The U.S. dollar was higher against its major counterparts in the New York session on Wednesday, as investors awaited minutes of the U.S. Federal Reserve's latest policy meeting for clues on the timing of the first cut.
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European Stocks Close Lower On Inflation, Interest Rate Concerns
European stocks closed lower on Wednesday, weighed down by data showing a bigger than expected increase in consumer price inflation in the U.K. in the month of April, adding to concerns about the outlook for interest rates, after some hawkish comments from a few Fed officials suggested the U.S. central bank might keep interest rates higher for longer.
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TSX Down In Negative Territory As Energy, Materials Shares Lose Ground
The Canadian market, which opened on a weak note Wednesday morning, continues to languish in negative territory, weighed down by losses in materials and energy sectors due to lower commodity prices.
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U.S. Existing Home Sales Unexpectedly Extend Pullback In April
Existing home sales in the U.S. unexpectedly saw further downside in the month of April, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales slumped by 1.9 percent to an annual rate of 4.14 million in April after tumbling by 3.7 percent to a revised rate of 4.22 million in March.
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Hovnanian Enterprises Net Profit Rises 48.9%
Homebuilder Hovnanian Enterprises Inc. (HOV) reported Wednesday that net income for the second quarter increased 48.9 percent to $50.8 million or $6.66 per share from $34.1 million or $4.47 per share in the prior-year quarter.
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Berita lainnya
Mortgage Applications Jumped 1.9% Last Week As Mortgage Rates Decline
With the 30-year fixed mortgage rate decreasing for the third straight week, the Mortgage Bankers Association released a report on Wednesday showing a notable increase in mortgage applications in the week ended May 17th.
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Anglo American And BHP Major Shareholder PIC Demands Substantial Revision Of BHP Proposal For Anglo
Public Investment Corp. or PIC, a major shareholder of both Anglo American plc (AAUKY.PK, AAL.L) and BHP Group (BHP), on Wednesday said it requires a meaningful revision of the current BHP proposal for Anglo American to "reflect both the embedded value of existing Anglo assets and the future optionality and benefits that BHP can derive, specifically from Anglo's unlisted assets."
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Bay Street Likely To Open Lower
Canadian shares are likely to open on a slightly negative note Wednesday morning as energy and materials sectors may find the going somewhat tough due to weak commodity prices.
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Biogen To Buy Human Immunology Biosciences In Deal Valued At Up To $1.8 Bln
Biogen Inc. (BIIB) and privately-held biotechnology company Human Immunology Biosciences or HI-Bio, announced Wednesday the companies have entered into a definitive agreement under which Biogen has agreed to acquire HI-Bio for $1.15 billion upfront and up to $650 million in potential milestone payments.
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UK Inflation Slows Less Than Expected To 2.3%
UK consumer prices rose more than expected in April due to the stickiness of services inflation, which would possibly delay the timing of the first interest rate cut. Consumer prices rose 2.3 percent on a yearly basis in April, slower than the 3.2 percent increase in March, the Office for National Statistics reported Wednesday.
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TJX Companies Guides Q2 EPS Below Estimates; Boost FY24 EPS Outlook - Update
While reporting financial results for the first quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) provided its earnings and comparable store sales outlook for the second quarter and raised earnings outlook for the full-year 2024.
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