Market Pulse - Usa
FOMC decision 4 May - Analysts react
"In terms of the Fed yesterday, as expected there were no real surprises to come from the decision to keep rates unchanged or out of the post meeting FOMC statement but there was just about enough for the market to ramp up the odds for another tightening next month. Indeed Bloomberg’s calculator (which overstates a little) now has the probability of a hike at 90% which compares to 67% this time yesterday. [. ] So all-in-all more of the same. Tomorrow’s Fedspeak could well be more interesting particularly for any snippets around the balance sheet.
US close: Stocks erase most early losses after Fed's upbeat update
Wall Street had a mixed session on Wednesday as the Federal Reserve kept interest rates on hold but sounded hawkish notes about the economy and was felt likely to be looking at a June hike.
Fed June rate hike odds jump after policy statement
The odds of an interest rate hike by the Federal Reserve at its June meeting moved sharply higher following the release of the central bank's policy statement in which it brushed aside the importance of weaker than expected first quarter GDP figures.
US services activity slightly better than expected
US services sector output continued to grow modestly in April, though costs rose as input price inflation accelerated to its highest level in almost two years.
US open: Investors brush aside good economic data ahead of Fed
Wall Street is nursing slight losses roughly half an hour after the start of trading despite news that activity in the key services sector accelerated in April as a retreat in shares of Apple dragged on the main indices.
Apple announces buyback as iPhone sales drop
US tech giant Apple Inc reported a drop in iPhone sales during its fiscal second quarter, but earnings came in higher than analysts expected, while it pleased investors further with promises to return some of its humongous $257bn cash pile.
US close: Stocks finish higher ahead of Apple results
Stocks in the US finished higher on Tuesday, ahead of the eagerly awaited quarterly results from technology giant Apple which were due out after the close and key risk events scheduled for later in the week.
US open: Stock flat ahead of Apple results
Investors were still playing it safe ahead of the eagerly awaited quarterly results from technology giant Apple which were due out after the close and key risk events scheduled for later in the week.
US close: Banks wobble after Trump's break-up talk
Wall Street started the week on a mixed note on the heels of weaker-than-expected economic data and comments from US president Donald Trump suggesting that he was mulling a break-up of the largest US banks.
US close: Wall Street weighed down by weak GDP data
Wall Street ended on a mixed note, with a weak reading on first quarter economic growth offset by better-than-expected results form Alphabet and Amazon. com.