By Byron Kaye SYDNEY (Reuters) – A four-word handwritten note by a JPMorgan Chase & Co (N:) banker has been seized by Australian prosecutors as fundamental to a criminal cartel prosecution against Citigroup Inc (N:) and Deutsche Bank AG (DE:), a court heard on Friday. The note, which said “outRead More →
Bloomberg News/Landov Fed Chairman Jerome Powell at his news conference following the Federal Open Market Committee (FOMC) meeting last month. Economists are broadly expecting the Federal Reserve to lower its benchmark interest rate this week by a quarter-point, the first cut in 10 years. With an easing seemingly a faitRead More →
The Fed decision is set for 2 p.m. Eastern Time with a news conference a half-hour later The Dow and S&P 500 see muted action ahead of announcement, hanging near all-time highs 10-year Treasury yield rises to 2.09%; Turkish lira gains on threat of sanctions Stock benchmarks mostly drifted higherRead More →
The stock market needs to carve out a fresh record — and soon — or else, says chart watcher Andrew Adams. The technical analyst said that the S&P 500 index SPX, -0.26% has managed to defend a long-term uptrend that dates back to 2009 — the advent of the currentRead More →
© Reuters. FILE PHOTO: Passersby are silhouetted in front of an electronic board displaying Japan’s Nikkei average and various countries’ stock price index outside a brokerage in Tokyo By Tomo Uetake SYDNEY (Reuters) – Asian shares hit six-week lows in early trade on Thursday as increased tensions ahead of keyRead More →
© Reuters. One Word Grips the Bond Market Before Crucial Inflation Update (Bloomberg) — Bond traders will have one word on their minds as they gear up for the latest readings on inflation: “transitory.” That’s how Federal Reserve Chairman Jerome Powell characterized the factors behind muted price pressures after lastRead More →
London markets clung to their modest gains on Tuesday, as investors focused on a crucial parliamentary vote on U.K. Prime Minister Theresa May’s withdrawal agreement from the European Union. Elsewhere, China announced plans to ramp up support for its economy, which boosted mining and oil stocks. How are the marketsRead More →
