A look at the day ahead in European and global markets from Kevin Buckland. It's a volatile time for central bank watchers, when comments from one man can flip the script in a moment.
The U.S. dollar retreated
from a more than two-month high on Wednesday after a Federal
Reserve official warned any decision by the central bank to hold
its benchmark overnight interest rate firm at ...
* US job openings unexpectedly rise in April. * Advance Auto Parts (AAP) slumps after forecast cut. * Nvidia (NVDA) down after Tuesday's record high. * Indexes down: Dow 0.35%, S&P 500 0.42%, Nasdaq 0.37% By Herbert Lash and Shreyashi Sanyal.
* US job openings unexpectedly rise in April. * Advance Auto Parts (AAP) slumps after forecast cut. * Nvidia (NVDA) down after Tuesday's record high. * Indexes down: Dow 0.78%, S&P 0.78%, Nasdaq 0.70% By Shreyashi Sanyal and Shashwat Chauhan.
Global equities and U.S. Treasury yields were lower on Wednesday as bearish sentiment dominated markets, with investors focused on a much-anticipated vote in Congress on raising the U.S. debt ceiling. The U.S. House of Representatives is set to vote on Wednesday on a bipartisan deal that would lift the $31.4 trillion ceiling and allow the government to avert a default.
Federal Reserve officials may still be fighting an inflation war, but they opened the door at their May policy meeting to the possibility the U.S. central bank's benchmark overnight interest rate won't rise from the current 5.00%-5.25% range.
Federal Reserve officials
may still be fighting an inflation war, but they opened the door
at their May policy meeting to the possibility the U.S. central
bank's benchmark overnight interest ...
The U.S. dollar
rose strongly on Wednesday to a more than two-month high after
data showed European inflation is cooling quicker than expected
and China's recovery is sputtering.
- U.S. stocks fell on Wednesday as a deal to raise the federal debt ceiling headed toward a crucial vote in Congress, while unexpectedly strong labor market data initially raised the likelihood of the Federal Reserve hiking interest rates again.
* HP Inc (HPQ), Hewlett Packard Enterprise (HPE) slip on results. * Advance Auto Parts (AAP) slumps after forecast cut. * Nvidia (NVDA) down after Tuesday's record high. * May Chicago PMI, April job openings report due Wednesday. * Futures down: Dow 0.30%, S&P 0.44%, Nasdaq 0.47% By Shreyashi Sanyal.
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