|Day's Range||7,399.56 - 7,435.54|
|52 Week Range||6,536.50 - 7,790.20|
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.
A G20 summit, talks of military strikes in the Middles East and economic data will keep the markets on their toes in the week ahead.
Global stocks edge lower, while bond yields continue to rally, as investors hedge the recent equity market rally amid concerns over rising military tensions in the Gulf region. The New York Times reports President Trump ordered, and then stood down, a U.S. strike on military installations in Iran following yesterday's downing of drone patrolling the Strait of Hormuz. Global oil prices sputter despite reports of the U.S. airstrike, but crude is on pace for its first weekly gain in five.
The new worry is a potential escalation of the tensions between the United States and Iran. This could limit gains today by encouraging investors to lighten up their long positions.
The global markets surge after the FOMC hints at rate cuts, is this the start of the next rally or the beginning of the end for 2019’s market recovery.
Sterling gave up some of its gains versus the dollar and dropped against the euro on Thursday after the Bank of England slashed its second-quarter growth forecast and flagged risks from global trade tensions and a no-deal Brexit. The central bank's policymakers, as expected, voted unanimously to keep interest rates on hold at 0.75%. The BoE message was far less dovish than the U.S. Federal Reserve and European Central Bank, which this week opened the door to rate cuts and more stimulus to counter any economic slowdown and rising trade tensions.
as the central bank held its key interest rate at 0.75 per cent. The BoE, declining to join other major central banks in pointing towards looser monetary policy, said “downside risks to growth have increased” both in the UK and in the rest of the world, and that it expects economic growth to drop to zero in the second half of this year. The pound gave up some of its earlier gains against the US dollar to trade 0.4 per cent higher at $1.2699, having been at $1.2720 before the Bank of England decision.
European stocks surged to six-week highs on Thursday, as dovish signals from the Bank of England and Federal Reserve, allied to optimism around the resumption U.S.-China trade talks, saw investors piling into riskier assets. The pan-European STOXX 600 index finished 0.4% higher, with most country indices in the black as investors globally priced in the prospect of an easing of U.S. interest rates next month and more to follow.
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.