S&P 500, Nasdaq post record closing highs after Fed minutes
U.S. stocks ended higher on Wednesday and the S&P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy.
S&P 500 flirts with record high as month, quarter draw to a close
Wall Street was muted on Wednesday and the S&P teased its fifth straight record closing high as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.
U.S. consumer confidence at 16-month high; house price inflation heating up
U.S. consumer confidence jumped to its highest level in nearly 1-1/2 years in June as growing labor market optimism amid a reopening economy offset concerns about higher inflation.
Global shares edge lower on new COVID-19 outbreaks in Asia
Global shares edged lower on Tuesday, as new coronavirus outbreaks in Asia vied with strong U.S. consumer confidence, and as investors speculated about whether the Federal Reserve would accelerate its timetable to end easy monetary policy.
Bank stocks set Dow for higher open ahead of consumer confidence data
The blue-chip Dow index was set to open higher on Tuesday, as shares of big U.S. banks rose, while investors looked to consumer confidence data against the backdrop of rising inflation and a spike in COVID-19 cases across Asia.
Asian shares pressured by fears over Delta virus variant, U.S. data in focus
Asian shares edged lower on Tuesday on concerns new coronavirus outbreaks in the region could undercut an economic recovery even as robust momentum in the United States prompts the Federal Reserve to contemplate a quicker exit from accommodative policy.
Wall Street banks hike shareholder payouts after Fed gives the green light
Morgan Stanley, JPMorgan, Bank of America, Goldman Sachs and Wells Fargo said on Monday they were hiking their capital payouts after the U.S. Federal Reserve gave them a clean bill of health following their annual “stress tests” last week.
Swiss bank UBS to let most staff adopt hybrid working
UBS Group (UBSG.S) will allow most staff to mix remote working with time spent in the office, Switzerland’s biggest bank said on Monday, taking a more relaxed approach than some of its Wall Street rivals.
MOVES Citi shakes up leadership ranks for UK and Ireland deal-making – memo
Citigroup (C.N) has named new co-heads of its banking, capital markets and advisory franchise for the UK and Ireland as part of a leadership shake-up to expand its client network in Europe’s biggest M&A market, according to a memo seen by Reuters.
Asian shares tread water, markets eye U.S. inflation signals
Asian shares marked time on Thursday, with China nudging lower, while the U.S. dollar held below an 11-week high as investors reassessed U.S. Federal Reserve statements on inflation and looked to upcoming data for direction.
