Investing.com — Markets may face a sharp reaction if the narrative around tariffs shifts, warned Wei Li, global chief investment strategist at BlackRock (NYSE:BLK) Investment Institute, during a Bloomberg TV interview. Li said markets are pricing bilateral negotiations around tariffs at the moment, adding that any disruption to this expectation could serve as a “wake-up call…
(Corrects timing in paragraph 3 to 10:00 a.m. ET from 08:30 a.m. ET) (Reuters) -Futures tied to Canada’s main stock index rose slightly on Wednesday, as investors awaited key U.S. inflation data later in the day to gauge the Federal Reserve’s monetary policy outlook. December futures on the S&P/TSX index were up 0.09% at 6:10…
Investing.com — The polarization in equity markets is likely to extend into 2025 as investors grapple with trade and geopolitical uncertainty, JPMorgan strategists said in a note Wednesday. The Wall Street firm believes that the first half of the year will be dominated by the impact of rising trade tensions, with US tariffs on Chinese…
By David Thomas (Reuters) – Rank-and-file attorneys in the federal government fear major budget cuts when President-elect Donald Trump assumes office and are hunting for private-sector jobs in unusually high numbers, five legal recruiters told Reuters. Each new administration sparks an exodus of political appointees and other senior legal officials, but the recruiters said they…
By Maria Tsvetkova NEW YORK (Reuters) – Donald Trump lost to Kamala Harris in every voting precinct in Manhattan – except one. The single exception was in Two Bridges at the end of the historic Lower East Side, on a block that once served as home to Soviet spies Julius and Ethel Rosenberg, and has…
ZURICH (Reuters) – A top Swiss court on Wednesday acquitted Credit Suisse of a 2022 criminal conviction when the bank that is now part of UBS was found guilty of failing to prevent money laundering by a Bulgarian cocaine trafficking gang. The appeals chamber of the Federal Criminal Court said in a statement it had…
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…
