Tag: stock-exchange
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Xi to be first Chinese leader to attend Davos World Economic Forum
BEIJING/GENEVA (Reuters) – President Xi Jinping this month will become the first Chinese head of state to attend the World Economic Forum (WEF) in Davos, which this year will dwell on the rising public anger with globalization and the coming U.S. presidency of Donald Trump. Xi will take centre stage at the Jan. 17-20 forum…
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Wall Street still sees Fed on pace for one rate hike, in December: Reuters poll
Wall Street's biggest banks are sticking to bets that the U.S. Federal Reserve will raise interest rates once this year, and the increase would most likely occur in December after a tepid employment report for August quashed most talk of a move as early as this month. Economists for 13 out of 14 primary dealers…
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Wall Street Week Ahead: Again at highs, stocks to take cues from consumer
Quarterly earnings reports from department store operators including Macy's , luxury goods companies such as Michael Kors and entertainment company Disney will set the tone for Wall Street, with investors also eyeing U.S. retail sales data due on Friday. “The consumer, in our mind, is a lever that could cause equities to trend higher,” said…
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Worries over China, Brexit push Treasury yields to record low
By Marc Jones LONDON (Reuters) – Investors pushed U.S. government bond yields to an all-time low and the yen sharply higher on Tuesday, as soft data from China added to worries about the impact of Britain's vote to leave the European Union. As a fresh wave of uncertainty ripped through markets, Swiss bond yields turn…
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Wall Street sings Brexit blues with brutal two-day slide
(Reuters) – Wall Street tumbled again on Monday after Britain's shock vote to leave the European Union, sending major U.S. stock indexes to their worst two-day swoon in about 10 months.
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Worst day in 10 months as Wall Street reacts to ‘Brexit’
The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed. In the busiest trading volume for a single session in nearly five years, financial stocks led the decline on the S&P 500 with a…
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With weak earnings in tow, focus turns to jobs data
Coming off a barrage of flimsy company earnings reports that included Apple's first revenue drop in 13 years, investors will turn to April jobs data for signs of budding resilience or further weakening in the second quarter. U.S. nonfarm payrolls, unemployment and wages data are due Friday May 6, when the economy is expected to…
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Wall Street surges at end of awful January
At one point last week, the S&P's loss for 2016 reached 11 percent before recovering to end the month down 5 percent. Global equities got a surprise boost on Friday after Japan's central bank cut a benchmark rate below zero to stimulate its economy. Microsoft shares jumped 5.83 percent on better-than-expected results.
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Wall Street rally stamps exclamation point on volatile week
A 4.3-percent jump in the S&P energy sector laid the foundation for the S&P 500's strongest session so far this year. After dropping earlier this week to 2014 lows, the S&P 500 has recovered in the past two sessions to end the week 1.4-percent higher. The Dow Jones industrial average rallied 1.33 percent to finish…
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Yahoo looking to slash 10 percent or more of its workforce: Business Insider
(Reuters) – Yahoo Inc is working on a plan to cut its workforce by at least 10 percent and it could start the process as early as this month, Business Insider reported, citing sources. “We are not confirming this rumor or commenting further”, Sarah Meron, a spokeswoman for Yahoo told Reuters on Thursday in an…