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Singapore's OCBC Posts Record Q1 Profit, Lifts Margin Guidance for 2024
US News & World Report· 6 days agoSINGAPORE (Reuters) -Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) posted on Friday a better-than-expected 5% rise in first-quarter...earlier. OCBC had ...
Waning Fed Rate Cut Bets Boost US Treasury Yield Forecasts: Reuters Poll
US News & World Report· 2 days agoBond strategists upgraded their U.S. Treasury yield forecasts for coming months to their highest since at least November amid sticky inflation and greater conviction in financial markets of ...
Oil Prices up on Wildfires in Canada, US Inventories Drawdown Expectations
US News & World Report· 1 day agoOil prices rose in early trade on Wednesday as large wildfires were threatening Canada's oil sands and as the market expected U.S. crude oil and gasoline inventories to show a drawdown later ...
Canada Job Gains Blow Past Forecasts, Dampening Bets on June Rate Cut
US News & World Report· 6 days agoThe gains - largest since the 110,000 jobs added in January 2023 - were a mix of part-time and full...the services-producing industries, data from Statistics Canada showed. Analysts said the ...
Dollar Slips After Unexpected Rise in US Producer Prices
US News & World Report· 2 days agoNEW YORK/LONDON (Reuters) -The dollar eased on Tuesday after an unexpected increase in U.S. producer prices in April amid strong gains in the costs of goods and services, indicating inflation ...
Futures Lackluster With Inflation Data, Fed Chair Powell Speech on Tap
US News & World Report· 2 days agoSticky inflation and persistent labor market strength have prompted financial markets and most economists to push back expectations for an initial Fed interest rate cut. Traders ...
Earnings Bolster US Stocks but Crucial Inflation Report Looms
US News & World Report· 6 days agoA strong earnings season and blockbuster reports from tech industry titans fueled a U.S. stock market rebound from the first real swoon of 2024. Next week’s inflation data could determine whether ...
Analysis-Hopes for 'Soft Landing' at Stake as Investors Await US Inflation Data
US News & World Report· 1 day agoInvestors’ resurgent appetite for equities has driven the S&P 500 back near record highs. In options markets, the Cboe Volatility Index, known as Wall Street’s "fear gauge ...
Morning Bid: May Rescued by Jobless Jump, BoE Shift, HK Surge
US News & World Report· 6 days agoWorld stock indexes have shaken off a month of doubts to come back within 0.5% of record highs on signs of a loosening U.S. labor market, falling European interest rates and another Hong Kong ...
Oil Settles Lower as Inflation Data Gives Way to Market Jitters
US News & World Report· 2 days agoOil prices settled lower on Tuesday, after U.S. data stoked concerns that interest rates may stay high, but potential risks to supply from Mideast tensions and wildfires in Canada put a floor ...
