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Wall Street is looking to set fresh record highs Tuesday as global stocks continue to push into uncharted territory on the back of solid corporate earnings and robust economic growth.
Major economic reports are limited this week so the focus for traders will be earnings.
UnitedHealth Group reports fourth-quarter and full-year 2017 earnings Tuesday morning before the markets open. Analysts are expecting another solid performance by the company with more to come following ...
U.S. equities and bond markets are closed Monday for the Martin Luther King Jr. Day on Monday, Jan. 15, providing a break before the corporate earnings season starts to pick up pace.
Dow futures charge higher, with investors away for the U.S. holiday, gains are still potentially in line for Tuesday when they return, as the dollar slumps anew.
The U.S. dollar extended declines in European trading, pushing regional currencies higher and holding down equity market gains in lighter-than-normal trading owing to Monday's Martin Luther King. Jr. holiday ...
The euro shot to a three-year high on Monday as optimism around growth buoyed expectations of tighter monetary policy from European Central Bank, while the chance of a pro-European Union coalition in Germany also boosted confidence in the continent. With the world in general and Europe in particular showing signs of sustained economic growth, global stock benchmarks jumped to new highs, even though investors are now pricing in the withdrawal of central banks' stimulus. The single currency (EUR=) climbed as much as 0.8 percent to $1.22965 at one stage on Monday, a price last seen in December 2014, just before the ECB first announced its government bond purchase programme.
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Asian shares hit historic highs on Monday as Wall Street extended its record-breaking run, while the U.S. dollar remained on the defensive as investors priced in the risk of tighter policies elsewhere in the rich world.
Kodak shares pulled back, after more than tripling the past two sessions on blockchain news; 7 of the company’s 9 board members acquired securities convertible to common stock the day before the news.
Stock are expected to build on their best start since 2003 this week. Recent data suggests the U.S. economy is picking up steam.
The large multinational companies in the Dow Jones Industrial Average applaud the tax cuts, but only two of the 30 companies have actually announced any specific actions it would take as a result.
A further rise in Treasury yields could trigger a stock-market melt-up as investors dump bonds for stocks, says investing legend Bill Miller.
Those are the thoughts of JPMorgan Chase & Co. CEO Jamie Dimon, who offered a forecast for U.S. economic growth that outstrips even some of the more bullish economists.
Another day, another record high for the blue-chip Dow Jones Industrial Average. But Peter Schiff, CEO of Euro Pacific Capital, thinks investors should be looking at other signs across the markets, which ...
To be sure, there have been earlier, but premature, declarations that the bond bull market had met its demise, including in Up & Down Wall Street’s online edition back in October 2012, which cited a call by Bank of America Merrill Lynch’s chief strategist Michael Hartnett. Throughout most investors’ careers, interest rates have been in a broadly declining trend, which provides a tailwind to the prices of most assets, from stocks to high-yield credit to real estate. As DoubleLine’s Jeffrey Gundlach observes in the Barron’s Roundtable, when he got into the investment business, the Treasury long bond yield hit 14%, while inflation was 4% and falling.
The U.S. dollar fell to a more than three-year low against the euro on Friday, extending recent losses on expectations European Central Bank policymakers are preparing to reduce stimulus, while U.S. stocks continued to rally and marked record closing highs. The euro's rise weighed on the dollar index, which measures the greenback against six rival currencies. For the year, the dollar index was down 1.28 percent, its worst performance over a year's first nine trading days since 2010, according to Reuters data.