Fed meeting, Amazon results, struggling US consumers – what’s moving markets
The U.S. Federal Reserve concludes its latest policy-setting meeting later Wednesday, while Amazon’s first-quarter results largely impressed. Crude prices have been hit by a large build in U.S. inventories, while Wall Street looks set to start the new month on a negative note. 1. Powell in focus as Fed meeting concludes The Federal…
US stock futures flat as tech rally cools, Fed meeting looms
U.S. stock index futures moved little in evening deals on Monday as a rally in the technology sector appeared to be running out of steam amid dwindling hopes for interest rate cuts by the Federal Reserve. Focus was now on a Fed meeting later in the week for more cues on policy, after…
Oil prices slide on US rate jitters, strong dollar
Oil prices fell in Asian trade on Monday, reversing course from last week’s gains as fears of higher-for-longer U.S. interest rates and a stronger dollar weighed on crude markets. Crude prices were sitting on some gains from last week as markets retained some risk premium as the Israel-Hamas war raged on, while bets…
Japan concerned about weak yen’s negative effects, Finance Minister says
Japan is concerned about negative effects of the weak yen, Finance Minister Shunichi Suzuki said on Friday, in a fresh warning against speculators as the currency has continued to slide to lows last seen more than three decades ago. “The weak yen has both positive and negative impacts (on the economy),” Suzuki told…
Oil prices creep lower amid mixed US inventories, easing risk premium
Oil prices fell slightly in Asian trade on Thursday as traders steadily priced out a risk premium from crude amid easing geopolitical tensions in the Middle East, while mixed U.S. inventory data also provided middling cues. Brent oil futures expiring in June fell 0.2% to $87.88 a barrel, while West Texas Intermediate crude…
Asian stocks rise as tech rallies before key earnings
Most Asian stocks rose on Wednesday on an extended rebound in the technology sector as investors awaited key earnings from some of the biggest companies in the world. Tech stocks also benefited from bargain hunting after clocking steep losses so far in April, following underwhelming earnings from major chipmakers and increased fears of…
Oil prices dip as Iran-Israel fears cool, economic jitters persist
Oil prices fell in Asian trade on Monday, extending losses from the prior week amid growing hopes that the Iran-Israel conflict will not escalate further, while the prospect of steady U.S. interest rates and worsening global economic conditions also weighed. Crude prices were also nursing steep losses over the past week as fears…
US stock futures fall amid hawkish Fedspeak, Netflix sinks on weak outlook
U.S. stock index futures fell in evening deals on Thursday as hawkish comments from Federal Reserve officials furthered concerns over higher-for-longer interest rates, while tech major Netflix (NASDAQ:NFLX) fell sharply as weak guidance overshadowed a strong earnings report. Several Fed officials warned this week that sticky inflation will give the central bank little…
US stock futures muted as Wall St nurses dismal start to Q2
U.S. stock index futures moved little in evening deals on Tuesday, steadying after Wall Street logged a dismal start to the second quarter as uncertainty over the Federal Reserve’s plans to cut interest rates and anticipation of key payrolls data weighed on sentiment. Investors also locked-in profits in several high-flying sectors, particularly technology,…
Texas judge transfers lawsuit over card fees to Washington, D.C
A federal judge in a Texas court that has become a favorite for conservative challenges to Biden administration policies transferred a lawsuit challenging a rule curbing credit card late fees to a court in Washington, D.C. on Thursday. U.S. District Judge Mark Pittman said half of the business groups that sued are based…
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