|Day's Range||7,345.55 - 7,469.19|
|52 Week Range||6,536.50 - 7,790.20|
Facebook, Beyond Meat and Cisco were early risers Tuesday, as stocks bolted higher and the Dow Jones Industrial Average added to its strong June advance.
CME Group futures suggest a 20% chance of a June rate cut, with the balances of bets suggesting the Fed will reduce its key target rate in July. Global sentiment, however, remains tempered as investors react to a U.S. decision to move 1,000 troops into the Gulf region to counter "credible" threats from Iran. Global oil prices slip for a third session as traders prefer to focus on weakening demand metrics and record U.S. production rates over regional military tensions and OPEC output cuts.
Global markets are mixed as geopolitical tensions mounts, Trump prepares to hike tariffs, and the FOMC meeting comes into sharp focus.
Global stocks edge cautiously higher heading into this week's Fed rate meeting, with investors betting on possible support from major central banks around the world. Rate traders aren't expecting a Fed move this week, but July futures suggest a 66.6% chance of a cut as inflation slows and the global economy weakens. Global oil prices slip as the dollar gains and U.S. officials say they'll keep the Gulf region safe for vessels following a series of attacks that the Pentagon has said were directed by Iran.
Global markets are moving lower with chip stocks and tech in the lead. Weaker than expected data in China weighs on sentiment.
The daughter of one of the founding oligarchs of ENRC, the miner that delisted from the FTSE 100 amid corruption allegations, has been charged by the Serious Fraud Office. The SFO said in a short statement on Friday that Anna Machkevitch was charged in connection with its long-running corruption investigation into ENRC. Ms Machkevitch, 36, is the director of London-based ALM Services UK and the daughter of Alexander Mashkevich, one of ENRC’s trio of founders.
Global stocks retreat, bonds rally, as weak China data has investors fleeing to safe-haven assets. Global oil markets remain nervous over developments in the Gulf region, where U.S. officials have blamed this week's attacks on tankers in the Strait of Hormuz on the Iranian government. Wall Street futures weaken into the opening bell, with investors looking to May retail sales data at 8:30 am Eastern time for more clues as to how the Fed could react on rates next week in Washington.
Rolls-Royce has been approached by Spain’s Indra Sistemas about the possible purchase of a majority stake in its Spanish aircraft engine manufacturing business ITP Aero. The FTSE 100 aero-engine group said on Friday it had received a “preliminary and conditional indication of interest” from Indra, a Spanish technology group. Rolls-Royce said on Friday that ITP was a “key partner” and that it “intends to retain a long-term relationship with the business” regardless of any deal that takes place with Indra.
Lululemon Athletica and Tyson were early leaders Thursday as oil prices and earnings lifted stocks, and the stock market rally aimed for a rebound.
Global equities rebound, snapping a two-day losing streak as the June rally resumes its upward trajectory.
Two ships reported being hit by missiles or explosives, while U.S. Navy vessels were sent in support, as tensions in the busy crude traffic lane intensify. U.S. stock futures traded higher Thursday, supported by an overnight surge in oil prices following attacks on ships in the Strait of Hormuz, even as global investors continue to favor defensive assets in the face of slowing economic growth and an uncertain path in U.S.-China trade talks.
Global stocks slide as investors pare recent gains fueled by rate cut hopes and switched focused to slowing economic growth. President Trump says he's "holding up" U.S.-China trade deal, but still plans Xi meeting at G20 Summit: China won't confirm one-on-one sit down. Global oil prices slumped following the softer China data and a surprise build in domestic U.S. crude inventories.
Reckitt has turned outside the group for Kapoor’s successor, the first time it has done so since its formation in 1999 out of Reckitt & Colman and Benckiser. Laxman Narasimhan, chief commercial officer of PepsiCo, will join in July and take over on September 1. By opting for Narasimhan, Reckitt has hedged consumer sector experience (“the dimension that really counts”) with the M&A expertise of an ex-McKinsey consultant.
The global indices are moving higher on trade hopes, FOMC optimism, and a new round of stimulus from China.
Global stocks extend gains on hopes of central bank support, helping U.S. equity futures trade higher into the opening bell. European stocks gain as German markets return from Monday holiday and take car stocks higher following President Trump's Mexico tariff suspension. Global oil prices edge higher as the dollar weakens and OPEC reportedly readies an extension of its production cuts.
FT subscribers can click here to receive Market Forces every day by email. Equity markets are pushing towards a test of their April and early-May peaks. Optimism about a US and China trade deal has faded, with risk assets leaning heavily on the bond market's call for central bank easing in the coming months.
The European Central Bank President, Mario Draghi, announced that a new stimulus package could be on the way. Yahoo Finance's Alexis Christoforous, Brian Sozzi, and Tom Belger break down the details.