Market Pulse - Usa
Bonds: US yields rise amid Fedspeak, financial sector regulation in focus
These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 38% (+4bp)UK: 1. 08% (-2bp) Germany: 0. 23% (-3bp)France: 0. 89% (-1bp)Italy: 2. 22% (-5bp)Spain: 1. 61% (-2bp)Portugal: 3. 87% (-3bp)Greece: 6. 86% (-27bp)Japan: 0. 06% (0bp).
AT&T to acquire Straight Path in all-share deal
AT&T said it would acquire Straight Path Communications in a $1. 6bn all-share deal.
Reasonable size for Fed balance sheet is $2trn, Bullard says
The US central bank should create some policy space for the future by allowing its balance sheet to gradually shrink to a normal size, a top official from the Federal Reserve said.
US close: Wall Street sees only slight losses after weak March non-farm payrolls
Stocks on Wall Street went into the holiday-shortened Easter week slightly lower, albeit with both an unexpectedly low non-farm payrolls figure for March and a US navy missile strike in Syria failing to dent sentiment appreciably.
US open: Stocks resilient despite negative jobs surprise, geopolitics in focus
Wall Street was slightly on the backfoot at the start of the session as startled traders tried to reconcile a surprisingly low reading on US non-farm payrolls for March with a large and a unexpected drop in the unemployment rate.
US nonfarm payrolls rise by 98,000 in March, but unemployment falls
US nonfarm payrolls increased by 98,000 in March even as the unemployment rate fell to 4. 5% - the lowest tally since 2007.
US close: Markets higher as investors pore over Fed minutes
US stocks finished higher on Thursday after better-than-expected employment data, while investors were also digesting news that the Federal Reserve will start unwinding its $4. 5trn balance sheet this year.
US close: Fed surprise sends stocks into the red
Wall Street skidded lower as the US central bank surprised some market participants by flagging an earlier-than-expected start to the process of shrinking its balance sheet to more normal levels, probably later in 2017.
FOMC minutes - Analysts react
"In our view, the spill-over to Treasury yields from a reduction in the Federal Reserves' balance sheet by phasing out or ceasing reinvestments of the MBS prepayments and/or scheduled repayment of principals should be modest. The potential steepening pressure induced by phased out or ceased reinvestments of maturing Treasuries relies heavily on the Treasury's issuance pattern going forward, but should be moderate compared to the 'taper tantrum' in 2013. " - Danske Bank.
Weekly DoE data knocks WTI futures off their perch
US oil stockpiles rose unexpectedly last week despite rising rates of refinery utilisation.
White House strategist Stephen Bannon removed from National Security Council
White House chief strategist Stephen Bannon was removed from the National Security Council as Donald Trump reshuffled the top security posts of his administration.
Trump promises 'major haircut' for Dodd-Frank banking regulations
US President Donald Trump has vowed to introduce major reforms to the Dodd-Frank banking regulations in the US, which were introduced in the aftermath of the global financial crisis in 2008.
Federal Reserve's credibility significantly hit by Lacker's resignation, analysts say
The abrupt resignation of a top US central bank official overnight will significantly hurt its credibility and gives ammunition to those calling for political oversight, analysts said.
US close: Stocks marginally higher ahead of Trump face-off with Xi
US stocks finished just above the waterline on Tuesday as investors geared up for the first bilateral meeting between President Trump and Chinese counterpart Xi Jinping.
US factory orders rise more strongly than expected in February
Total factory orders grew by 1. 0% month-on-month in February to reach $476. 5bn, according to the Department of Commerce.
Political and economic nervousness abounds, SocGen's Kit Juckes says
SocGen strategist Kit Juckes spied potential trading opportunities in the European single currency versus the US dollar and pound, amid renewed doubts about the US economy and lingering caution ahead of the French presidential elections.
US trade deficit shrinks in February as Americans buy fewer cars and cell phones
America's trade shortfall with the rest of the world narrowed sharply in February amid a large decline in imports of primarily consumer goods such as cell phones and passenger cars.
Bonds: Gilts, Treasuries rally hard amid talk of War, North Korea
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Tracsis leads investment round into Vivacity Labs
Traffic data and transportation industry software provider Tracsis announced on Tuesday that it made a strategic investment of up to £1. 3m into Vivacity Labs, a provider of smart, hyperlocal data for smart cities and intelligent transport systems, in return for up to a 28. 1% equity stake.