Sell euro rallies around the ECB meeting - Citi
- The European Central Bank holds its latest policy-setting meeting later this week, and Citigroup advises selling any rallies in the euro around this key...
- The European Central Bank holds its latest policy-setting meeting later this week, and Citigroup advises selling any rallies in the euro around this key...
Taking stock of year three of the bull market shows that the rally is spreading out beyond the Magnificent Seven — and even beyond tech. Since the market's recent lows, three other non-tech sectors have taken up the mantle.
- The U.S. dollar edged higher Wednesday, trading near two-month peaks on expectations of modest rate cuts from the Federal Reserve this year, while sterling slumped...
Money markets now predict a 91% chance of a quarter-point cut from the Bank of England at its next meeting in November.
Pound falls after UK inflation undershoots forecasts
(Reuters) - Economists expect inflation rates to stay above the European Central Bank's 2% target in the medium term, according to a survey published by Germany's Ifo institute on...
-- Most Asian currencies moved in a tight range on Wednesday as traders digested a recent round of stimulus from China, while the dollar hovered near two-month highs...
Morningstar report shows inflow rebound for SSGA and big bond ETF flows.
On today's episode of Asking for a Trend, Host Josh Lipton breaks down some of the biggest themes and stories of the trading day. EV chipmaker Wolfspeed (WOLF) is set to receive a $750 million CHIPS Act grant from the US government. Wolfspeed CEO Gregg A. Lowe explains that the funding will go toward expanding two of its facilities in North Carolina and New York, and ultimately drive scale, which will "help keep the advantage of this technology in the United States." With the government's efforts to reshore critical industries like chipmaking, Lowe tells Yahoo Finance, "the semiconductor industry is definitely taking a very strong position of rebuilding that capability here in the United States." He emphasizes the importance of keeping its silicon carbide technology in the US to dispel any worries about trade secrets and intellectual property. Kinetic Automation founder and CEO Nikhil Naikal joins the show to discuss how the startup backed by PayPal (PYPL) and Palantir (PLTR) founder Peter Thiel, leverages artificial intelligence (AI) and robotics to provide repair services to electric vehicles (EVs). "Cars today have transitioned from being predominantly mechanical systems to being digital systems... And when things break, the types of repairs that are needed to bring them back to their originally engineered state of safety requires a lot more thought, precision, and efficiency," he tells Yahoo Finance. All three major indexes (^DJI,^GSPC, ^IXIC) closed lower on Tuesday, and Yahoo Finance markets and data editor Jared Blikre breaks down his key takeaways from the trading day. The financial sector (XLF) leads the market so far this month compared to all other S&P 500 sectors as Big Banks report third quarter earnings. Oil prices (CL=F, BZ=F) diverge from inflation expectations amid macroeconomic uncertainty. Bitcoin (BTC-USD) shows signs of breaking out as it hovers around $67,000. As the bull market marks its two-year anniversary, Market Domination Host Julie Hyman breaks down how the current S&P 500 rally compares to previous bull markets. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Melanie Riehl
TOKYO (Reuters) -Japan's core machinery orders fell 1.9% in August from the previous month, down for two straight months and the drop was bigger than expected, government data...