By Lewis Krauskopf NEW YORK (Reuters) – Recent advances in artificial intelligence are fueling optimism over how businesses can operate more productively in the years ahead. They are also providing a big boost to the stock market. The S&P 500’s 9% rally this year has been driven by a handful of the index’s biggest stocks, …
Artificial intelligence gives real boost to U.S. stock market Read More »
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell said on Friday it is still unclear if U.S. interest rates will need to rise further, as central bank officials balance uncertainty about the impact of past hikes in borrowing costs and recent bank credit tightening with the fact that inflation is proving hard …
Fed’s Powell says risks more balanced, June policy decision unclear Read More »
By Lisa Pauline Mattackal and Divya Chowdhury MUMBAI (Reuters) – Investors are looking beyond the U.S. technology sector’s bounceback this year for longer-term returns, as higher interest rates and an uncertain macroeconomic picture could present further headwinds, fund managers and strategists said. The tech-heavy Nasdaq Composite has jumped 21% this year, more than doubling the …
Investors look past US tech sector as uncertain environment clouds outlook Read More »
By Noe Torres MEXICO CITY (Reuters) – The Mexican peso could remain the top performer among major global currencies in the coming weeks, despite Mexico’s central bank choosing to halt a nearly two-year rate-hike cycle, analysts said. The currency traded at 17.40 per dollar this week, its strongest in seven years, and experts believe the …
Mexican peso to stay strong despite end of cenbank tightening cycle – analysts Read More »
By Kevin Buckland TOKYO (Reuters) – Japan’s stock benchmark rallied on Friday to the highest since August 1990, the country’s “bubble” era, driven by a confluence of positive factors from strong earnings to an economy showing signs of revving up and optimism over a U.S. debt ceiling deal. The Nikkei benchmark index jumped as high …
By David Randall NEW YORK (Reuters) – A potential deal to lift the U.S. debt ceiling could spur money managers to pare holdings in the massive technology and growth stocks that have been havens this year and shift into the rest of the market, some investors believe. Strong balance sheets and predictable cash flows have …
Analysis-US debt ceiling deal could stall safety flight fueling megacap rally Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed higher for a second straight day on Thursday on mounting optimism that a U.S. debt ceiling deal could be reached within days, with discount retailer Walmart Inc providing additional support after an upbeat annual sales forecast. The benchmark S&P 500 index rebounded from early declines …
Growing debt ceiling deal hopes send stocks higher Read More »
By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of New Zealand will hike interest rates by a final quarter point on Wednesday then end its most aggressive tightening cycle since adopting the cash rate in 1999, according to a Reuters poll which then showed a pause until year-end. After surprising financial markets with a …
RBNZ to hike rates one last time by 25 bps on May 24 – Reuters poll Read More »
MEXICO CITY (Reuters) -The Bank of Mexico, in a unanimous decision by its five-member board, kept its benchmark interest rate steady at 11.25% on Thursday, ending a nearly two-year rate-hike cycle, and said it would keep the rate at that level for an extended period. The decision was in line with analysts’ expectations. To get …
Banxico breaks 2-year hiking cycle, sees rates on hold for a while Read More »
By Timothy Aeppel CHICAGO (Reuters) -For Matthew Prange, it’s easy to see why the inflation surge of the last two years has proven so difficult for the Federal Reserve to tame. “When prices go up, it tends to stick,” said Prange, who oversees $3 billion worth of purchases of electronic parts, plastics, and metal as …
US manufacturers can’t shake that inflation feeling even as supply snarls ease Read More »
