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11.12.24 - 17:32
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Toronto stocks rise on BoC′s jumbo rate cut, US inflation data (Reuters EN)
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CANADA STOCKS-Toronto stocks rise on BoC's jumbo rate cut, US inflation data Updated at 10:24 a.m. ET/ 1524 GMT By Ragini Mathur Dec 11 (Reuters) - Canada's main stock index rose on Tuesday, helped by mining shares, as investors cheered the Bank of Canada's hefty interest rate cut and the possibility of a U.S. rate cut next week. The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 59.71 points, or 0.23%, at 25,564.04. The Bank of Canada slashed its key policy rate by 50 basis poi...
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11.12.24 - 17:28
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US crude stocks fall, fuel inventories rise on robust refining, EIA says (Reuters EN)
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UPDATE 2-US crude stocks fall, fuel inventories rise on robust refining, EIA says Adds comments from analysts By Liz Hampton and Arathy Somasekhar DENVER/HOUSTON, Dec 11 (Reuters) - U.S. crude i nventories fell for the third time in a row, while fuel stockpiles rose in the week ending December 6, the Energy Information Administration (EIA) said on Wednesday, as refinery activity remained seasonally strong....
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11.12.24 - 17:28
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US stocks still have room for gains in 2025 -Natixis survey (Reuters EN)
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LIVE MARKETS-US stocks still have room for gains in 2025 -Natixis survey Indexes mixed; S&P 500, Nasdaq green; Dow lower Comm svcs lead S&P 500 sector gainers; healthcare lags STOXX 600 up ~0.2 Dollar, gold gain; crude up >1%, bitcoin up ~4% US 10-year yield rises to ~4.25% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters....
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11.12.24 - 17:28
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U.S. STOCKS Candel Therapeutics, Broadcom, Reddit (Reuters EN)
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BUZZ-U.S. STOCKS ON THE MOVE-Candel Therapeutics, Broadcom, Reddit Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes rose on Wednesday after an in-line inflation reading kept intact bets on the Federal Reserve cutting interest rates later this month....
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11.12.24 - 17:02
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US crude stocks fall, gasoline and distillate inventories rise, EIA says (Reuters EN)
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US crude stocks fall, gasoline and distillate inventories rise, EIA says DENVER, Dec 11 (Reuters) - U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending December 6, the Energy Information Administration said on Wednesday. Crude inventories fell by 1.4 million barrels to 422 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 901,000-barrel draw....
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11.12.24 - 16:45
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Wall Street Reacts To CPI Report, Even As Markets Price In Certainty Of Dec Rate Cut (ZeroHedge)
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Wall Street Reacts To CPI Report, Even As Markets Price In Certainty Of Dec Rate Cut
Today's CPI report - the final important economic report of 2024 - came on the screws with every Inflationary metric coming in as expected (if somewhat hotter when looked at a bit closer). Still, the market was relieved that the print did not beat estimates (as some whispers hinted), and for many this was enough to assure that the Fed cuts rates by 25bps next week before potentially pausing in January. Many... but not all.
As the following kneejerk reaction snapshots from a selection of Wall Street analysts, strategists and economists suggests, even today's print wasn't enough to assure everyone that a 25bps cut is a done deal, even if market implied odds are now up to 97.9%
Below we excerpt several key post-CPI soundbites:
Neil Birrell, Premier Miton Investors
"This report will give the Fed confidence. Investors will also take heart, as the lack of a surprise, good or bad, allows for more certainty in dec...
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11.12.24 - 16:26
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MicroStrategy′s bitcoin-powered surge takes it closer to Nasdaq 100 doorstep (Reuters EN)
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MicroStrategy's bitcoin-powered surge takes it closer to Nasdaq 100 doorstep By Medha Singh Dec 11 (Reuters) - A meteoric rise in MicroStrategy's MSTR.O shares has made the bitcoin hoarder a likely candidate for the tech-heavy Nasdaq 100 index ahead of an annual reshuffle this week. The loss-making software company, an aggressive investor in the highly volatile cryptocurrency , has seen its shares soar nearly 500% this year, taking its market capitalization to $90 billion....
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11.12.24 - 15:39
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U.S. STOCKS Exxon Mobil, Mondelez International, Macy′s (Reuters EN)
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BUZZ-U.S. STOCKS ON THE MOVE-Exxon Mobil, Mondelez International, Macy's Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were set for a higher open on Wednesday after an in-line inflation reading kept intact bets on the Federal Reserve cutting interest rates later this month....
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11.12.24 - 15:21
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US stock futures give thumbs up to in-line CPI data (Reuters EN)
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LIVE MARKETS-US stock futures give thumbs up to in-line CPI data US headline CPI rises 0.3%, year-on-year, up 2.7% Wall St futures advance STOXX 600 up ~0.3 China mulls weaker yuan Dollar ~flat, gold up ~0.3%, crude up >1%, bitcoin up ~2% US 10-year yield slips to 4.21% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters....
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