A look at the day ahead in U.S. and global markets from Mike Dolan With Wall Street about to log off for what’s effectively a four-day Thanksgiving holiday, trade tariff jitters are replaced by inflation angst as the Federal Reserve gets another price check. Although big automakers took a hit, broad U.S. stock indexes seemed…
Investing.com — Barclays anticipates that the Federal Reserve will implement another 25 basis point rate cut in December, according to insights from the minutes of the November 6-7 Federal Open Market Committee (FOMC) meeting. The bank said in a note Wednesday that the minutes reveal a Fed inclined toward gradual easing, contingent on labor market developments…
(Reuters) – U.S. stock index futures slipped on Wednesday as investors awaited key economic data, including a crucial inflation report, which is expected to influence the Federal Reserve’s future monetary policy path. The Personal Consumption Expenditure report, the central bank’s preferred inflation data, is due at 10 a.m. ET. Economists polled by Reuters expect prices…
Investing.com — Inflows into US equities surged to record levels following the US presidential election, according to a Barclays (LON:BARC) report. The post-election environment, shaped by renewed confidence in US exceptionalism, saw global equity flows hit $102 billion in November—the highest since March 2021. $109 billion flowed into US equities, a trend that helped fuel…
VILNIUS (Reuters) – Lithuania is leaning towards a technical cause for the crash on Monday of a DHL cargo plane as it came in to land at Vilnius airport, the country’s National Crisis Management Center said on Wednesday. “We are leaning toward the technical version,” Vilmantas Vitkauskas, head of Lithuania’s National Crisis Management Center told…
Investing.com — Shares of Johnson Matthey (LON:JMAT) were down 4.5% on Wednesday after the company reported weaker-than-expected results for the first half of fiscal 2025, with underlying EBIT falling short of both market expectations and year-ago levels. The company’s underlying EBIT came in at £156 million, a 13% year-over-year decline and 13% below the Visible…
MUNICH (Reuters) – Jet engine maker CFM has agreed to divert some engines to Airbus to narrow a supply gap as the planemaker battles to hit end-year targets, three people familiar with the matter said. Under the agreement reached this month, CFM is expected to divert to Airbus some engines that had initially been allocated…
By Gary McWilliams and Marianna Parraga HOUSTON (Reuters) – An auction of shares in a Citgo Petroleum parent to pay claims against Venezuela needs to be overhauled, a court adviser recommended on Tuesday, conceding a year-long sale process was in shambles and needed to start fresh. U.S. District Court in Delaware is auctioning shares in…
Investing.com — Shares of Grifols (BME:GRLS) tanked over 13% on Wednesday after Brookfield, a Canadian investment firm, dropped its plan to buy Spain’s Grifols following disagreements over the pharmaceutical company’s valuation, Reuters reported on Wednesday Earlier this month, on November 19, Brookfield made a non-binding offer to purchase Grifols, valuing the human plasma-based drug developer…
Investing.com — Frontline’s (OL:FRO) (NYSE:FRO) stock price took dropping over 12%, following its third-quarter 2024 financial results. The company reported a year-over-year decrease in net profit for the quarter, with net income falling to $60.5 million, compared to $187.6 million in the same period of 2023. This marks a near 70% drop in profitability, despite an…
