Market Pulse - Usa
Bitcoin surges past $16,500 despite news of $60m heist
Digital currency Bitcoin continued its upwards trajectory, hitting a new record high above $16,500, despite a major hack which saw millions of dollars worth of the digital currency stolen on Thursday.
General Electric axing 1100 UK jobs as its restructures power business
US industrial giant General Electric is shedding 12,000 jobs from its power operations, including 1,100 in the UK, as new CEO John Flannery moves to restructure the firm following years of stagnation.
Weekly US jobless claims dip, secondary filings move further below 2.0m
Initial jobless claims dipped last week alongside a moderate drop in those filed for a second time, a positive signal for the pace of job growth.
China November FX reserve data may herald wider yuan trading band
China's foreign exchange reserves were little changed last month, extending a spell of stability which some economists believe might encourage Beijing to take further 'baby steps' towards full-blown FX liberalisation such as widening the trading band for the yuan.
US close: Markets mixed as traders look to non-farms
Wall Street finished mixed on Wednesday, as traders continued to play it safe ahead of Friday's monthly non-farm payrolls numbers and next week's US Federal Reserve policy meeting.
Bonds: Gross calls 2.0% top for Fed funds rate
These were the movements in some of the most closely-followed 10-year sovereign bond yields: US: 2. 34% (-1bp)UK: 1. 23% (-3bp)Germany: 0. 30% (-3bp)France: 0. 61% (-1bp)Spain: 1. 43% (+2bp)Italy: 1. 73% (+2bp)Portugal: 1. 88% (-1bp)Greece: 4. 81% (-3bp)Japan: 0. 06% (+1bp) .
US midday: Stocks little changed ahead of jobs report, Fed meeting
Wall Street is little changed as traders continued to play it safe ahead of Friday's monthly non-farm payrolls numbers and the following week's US Federal Reserve policy meeting.
London close: Stocks gains as Sterling wavers amid Brexit uncertainty
Shares reversed earlier losses to finish just a touch higher on Wednesday as the pound remained under pressure on account of the breakdown in Brexit talks, with M&A news providing a welcome distraction.
WTI futures drop after DoE reports sharp build in gasoline stocks
US gasoline stockpiles built sharply during the latest reference week, resulting in a sharp drop in crude oil inventories.
Real US hourly compensation growth still in the red during the third quarter
US labor costs slipped unexpectedly during the third quarter, as wages grew more slowly than anticipated.
Wall Street warming to stocks but sentiment not yet euphoric, BofA says
Analysts continued to warm towards stocks last month but based on past experience their overall level of optimism was still consistent with further gains in shares, strategists at Bank of America-Merrill Lynch said.
US close: Markets lower, focus on tech and tax
Wall Street finished on a downbeat note on Tuesday, as traders digest weaker-than-expected readings on service sector activity and foreign trade while scanning the headlines for news regarding the US tax reform proposals, which were making their way through Congress.
Director dealings: Carnival boss lifts anchor
Carnival boss Arnold Donald decided to let go of a batch of shares on 18 October, although the transaction was arranged via a Rule 10b5-1 trading plan in the States, which some see as a vehicle that helps large shareholders avoid the risk of being accused of 'insider dealing'.
US service sector growth slows a tad more than expected in November, ISM says
US service sector growth slowed a tad more than expected last month but economists indicated that it continued to point to a healthy pace of growth.
Joint US and South Korean drills draw angry response from Pyongyang
The US and the South Korean air forces will beef-up and go ahead with their joint annual military exercises, a week after North Korea fired its most powerful test missile to date.
US open: Stocks little changed amid weak data
Wall Street is trading on a mixed note as traders digest weaker-than-expected readings on service sector activity and foreign trade while scanning the headlines for news regarding the US tax reform proposals which were making their way through Congress.
Mueller forces Trump into handing over Deutsche Bank records after subpoena
US President Donald Trump’s bank records will be handed over to special counsel Robert Mueller’s investigation into Russian meddling in last year’s presidential election.
US trade shortfall widens in October amid broad-based weakness in exports
America's shortfall in trade with the rest of the world worsened in October, amid a broad-based drop in exports and increased purchases of industrial supplies and consumer goods from overseas.
Ireland reluctantly agrees plan begin collecting €13bn in Apple back tax
Apple and the Irish government have finally agreed a plan for the US tech giant to repay €13bn in unpaid taxes to the state, as a result of an EU ruling from last year.
US close: Markets mixed as investors digest tax cut news
Wall Street finished mixed at the end of the first session of the week, as investors welcomed news that Senate Republicans passed their proposed tax reform bill, although political concerns were still on some traders' minds.