Financial News · Live Terminal

Page 13 of 40

US Equity Markets End Higher After Unexpected Decline in Producer Price Index

US equity indexes closed higher Wednesday after an unexpected drop in producer prices.* The US producer price index fell 0.3% in June following a 0.6% increase in May, below the flat consensus in a Bloomberg survey.* The US intensified airstrikes against Iran following Tehran's attacks on ships attempting to pass through the Strait of Hormuz, the Associated Press reported.* August West Texas Intermediate crude oil rose $0.92 to settle at $80.26 per barrel, while September Brent crude, the global benchmark, was last seen up $1.02 at $85.75.* Payments firm Stripe and Advent International offered to acquire PayPal (PYPL) for $60.50 a share in a deal valuing the company at more than $53 billion, Reuters reported. PayPal shares jumped 17%, the top gainer on the S&P 500.* Pentair (PNR) shares fell 15%, the biggest drop on the S&P, a day after the company reported preliminary Q2 results below market estimates and lowered its full-year outlook.

Dow JonesNasdaq CompositeS&P 500$PNR$PYPL

Japan68d ago

Update: US Equity Indexes Climb After Inflation Unexpectedly Drops, Strikes on Iran Prepping Groundwork for Tedious Operations

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes edged up as a boost from an unexpected drop in producer price inflation was partially offset by Washington setting the stage for complex operations in Iran, which has signaled its allies could shut the maritime gateway to the Red Sea.The Nasdaq rose 0.4% to 26,221.8, the S&P 500 climbed 0.2% to 7,559.1, and the Dow Jones Industrial Average advanced 0.2% to 52,611.4 ahead of Wednesday's close. All three gauges briefly traded moderately lower earlier in the session. Communication services and consumer discretionary topped the gainers, while utilities led the decliners.The US Producer Price Index fell 0.3% in June following a 0.6% increase in May, below the flat consensus in a Bloomberg-compiled survey. Excluding food and energy, core PPI rose 0.2%, slower than the 0.3% gain expected and a 0.1% rise in May. PPI was up 5.5% year-over-year in June, versus the 6% gain in May, while core PPI climbed 4.7%, up from 4.6% in May.Most US Treasury yields fell in the final leg of trading, with the 10-year down four basis points to 4.55% and the two-year declining 6.3 basis points to 4.13%.Recent waves of US strikes on Iran aimed at forcing open the Strait of Hormuz are also targeting Iranian military capabilities that the US would want to destroy before executing more complex operations against Iran, three US officials told Reuters.The officials, who were granted anonymity to discuss military matters, said the strikes effectively strengthen Trump's additional military options.Iran currently has no plans for negotiations with the US, CNN reported, citing the country's foreign ministry spokesperson, who added that Tehran would not adhere to any agreement if Washington "breaches its obligations."Iran is now signaling it could use Yemen's Houthi allies to shut the Bab el-Mandeb gateway to the Red Sea, opening a new front against Washington and putting two of the world's most important energy arteries at risk, a separate report from Reuters said. As US strikes deepen inside Iran and Houthi attacks escalate in tandem, analysts said Tehran is widening the conflict and seeking to increase pressure on Washington by extending the threat to global trade and energy supplies beyond the Gulf, the news report added.The front-month global benchmark North Sea Brent rose 0.4% to $85.05 a barrel, and the US West Texas Intermediate climbed 0.5% to $79.71 a barrel, albeit off session highs.

Dow JonesNasdaq CompositeS&P 500

Japan68d ago

Update: US Equity Indexes Mixed After Producer Price Inflation Unexpectedly Declines, Iran Signals Potential Red Sea Disruption

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes traded mixed, giving up intraday gains following a surprise decline in the wholesale price inflation rate and a signal from Iran that its allies could shut the maritime gateway to the Red Sea.The Nasdaq was steady at 26,092.1, while the S&P 500 slipped 0.1% to 7,534.1, and the Dow Jones Industrial Average leaned slightly lower to 52,469.8 after midday Wednesday. All three gauges traded higher earlier in the session.The US Producer Price Index fell by 0.3% in June following a 0.6% increase in May, below expectations for a flat reading in a Bloomberg-compiled survey. Excluding food and energy prices, core PPI rose 0.2%, slower than the 0.3% gain expected and a 0.1% rise in May.Iran is now signaling it could use Yemen's Houthi allies to shut the Bab el-Mandeb gateway to the Red Sea, opening a new front against Washington and putting two of the world's most important energy arteries at risk, Reuters reported. As US strikes deepen inside Iran and Houthi attacks escalate in tandem, analysts said Tehran is widening the conflict and seeking to increase pressure on Washington by extending the threat to global trade and energy supplies beyond the Gulf, the news report said.The front-month global benchmark North Sea Brent fell 0.2% to $84.59 a barrel, and the US West Texas Intermediate slid 0.1% to $79.23 a barrel.In company news, Dutch semiconductor equipment supplier ASML (ASML) reported year-over-year growth in Q2 earnings and sales and raised revenue guidance for the full-year 2026.Payments firm Stripe and Advent International have offered to acquire PayPal (PYPL) for $60.50 per share in a deal that would value the company at more than $53 billion, Reuters reported, citing two unnamed people familiar with the matter.

Dow JonesNasdaq CompositeS&P 500$ASML$PYPL

Japan68d ago

Horizon Petroleum Raises C$541,000 in Debenture Units Offering

Horizon Petroleum (HPL.V), down 7% on last look on Wednesday, closed its convertible debenture units offering raising C$541,000.The debentures bear interest at 7% per year and can be converted into units at C$0.20 apiece. Each unit consists of one share and one half a three-year warrant to buy a share for C$0.40.Proceeds will be used to complete the workover and production testing of the Lachowice 7 gas well and fund work program obligations in the Cieszyn concession, both in Poland.Horizon Petroleum shares were last seen down C$0.02 to C$0.20, on the TSX Venture Exchange.Price: $0.20, Change: $-0.02, Percent Change: -6.98%

$HPL.V

Japan68d ago

US Equity Futures Higher Pre-Bell Amid Inflation Data, Middle East Tensions

US equity futures were edging higher pre-bell Wednesday as traders considered the latest inflation data amid the continuing tensions in the Middle East.S&P 500 futures were up 0.1%, Nasdaq futures were 0.4% higher, while Dow Jones Industrial Average futures were steady.The US seasonally adjusted consumer price index, a measure of inflation, fell by 0.4% in June, compared with expectations for a 0.1% decrease in a survey compiled by Bloomberg and following a 0.5% increase in May, government data showed.In a post on X, US Central Command said it started another wave of attacks against Iran at 6 am ET, aiming to "further degrade military capabilities Iranian forces have used to attack commercial shipping in the Strait of Hormuz."President Donald Trump reiterated in a post on Truth Social that the US was reinstating a "full" blockade, "but only on Ships coming to and from Iranian ports, or carrying anything have to do with Iranian cargo." Trump also backtracked from a threat to impose a 20% levy on cargo shipped through the Strait of Hormuz, saying that the Gulf States would invest in the US instead.Traders also digested the latest round of earnings with ASML (ASML) reporting higher Q2 earnings and sales, and Johnson & Johnson (JNJ) posted an increase in Q2 adjusted earnings and sales.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.4% at $85.04 per barrel and US West Texas Intermediate crude 0.4% higher at $79.65 per barrel.The June Producer Price Index, scheduled for release at 8:30 am ET, is expected to hold steady with no change following a 1.1% increase in the preceding month, according to estimates compiled by Bloomberg. The July Empire State manufacturing index, slated for release at the same time, is seen coming in at 9.2 versus 5.7 previously.Federal Reserve Chair Kevin Warsh will testify before the Senate Banking Committee at 10 am ET, following a similar presentation Tuesday before the House.Federal Reserve New York President John Williams, St. Louis President Alberto Musalem, and Governor Lisa Cook are slated to speak on Wednesday.

Dow JonesNasdaq CompositeS&P 500$ASML$JNJ

Japan69d ago

CBOE Volatility Index Slips 1.2% Early Wednesday Ahead of Earnings, Producer Price Inflation, Trump's Focus on Hormuz Safety

Japan69d ago

Gold Futures Fall 0.8% to $4,036.3/Oz, Silver Futures Decline 0.9% to $58.59/Oz Early Wednesday as US-Iran Fight to Control Hormuz

Japan69d ago

Gold, Silver Futures Fall Pre-Bell as Escalation of Strikes Between US, Iran Sends Crude Oil Higher, Lifting Inflation Concerns

Japan69d ago

Brent Crude Oil Futures Climb 0.6% to $85.22, WTI Crude Oil Futures Rise 0.6% to $79.22 Early Wednesday as US Hammers Iran

Japan69d ago

Brent, WTI Crude Oil Futures Rise Pre-Bell as Trump Warns Iran of More Bombardment Until Tehran Stops Attacking Hormuz

Japan69d ago

US Equity Index Futures Rise Pre-Bell as Investors Await Earnings, PPI Amid Intense Exchange on Strikes Between Washington, Iran

Japan69d ago

Singapore Shares Surge on Slowing US Inflation; Miyoshi Plunges 17%

Singapore shares gained more than 1% at the close on Wednesday, tracking regional gains following a slowdown in US inflation scaled back expectations for interest rate hikes.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,501.43 and 5,561.42 throughout the day. It ended the session at 5,559.72, up 64.11 points or 1.2% compared to Tuesday's close.On the corporate front, shares of Miyoshi (SGX:M03) plunged nearly 17% at the close as its Philippines-based subsidiary, Miyoshi Technologies Phils., received a letter of demand from BDO Unibank over a $1.3 million outstanding credit line and term loan.Info-Tech Systems (SGX:ITS) closed nearly 9% higher with the company expecting to report "another strong set" of financial results for the first half of the year.Meanwhile, shares of Addvalue Technologies (SGX:A31) were up nearly 8% at the close as it subsidiary, Addvalue Solutions, has engaged professionals to support preparatory work for its proposed spin-off listing on the Nasdaq Stock Market or the NYSE.

^STISGX:A31SGX:ITSSGX:M03

Japan69d ago

US Equity Markets End Higher on Cooling Inflation, Trump's Strait of Hormuz Toll Reversal

US equity indexes closed higher Tuesday after the June inflation rate fell and President Donald Trump withdrew plans to impose a toll on vessels transiting the Strait of Hormuz as a US reimbursement fee.* The US seasonally adjusted consumer price index in June fell 0.4% from a month earlier, compared with expectations for a 0.1% decrease in a Bloomberg survey and following a 0.5% increase in May, government data showed.* August West Texas Intermediate crude oil rose $1.54 to settle at $79.68 per barrel, while September Brent crude, the global benchmark, was last seen up $1.92 at $85.22.* Goldman Sachs (GS) shares rose 9.1%, the second-biggest gain on the S&P 500, after Q2 results beat analysts' estimates.* IBM (IBM) shares tumbled 25%, the largest drop on the S&P, after preliminary Q2 results fell short of market expectations, with CEO Arvind Krishna calling the performance "disappointing."

Dow JonesNasdaq CompositeS&P 500$GS$IBM

Japan69d ago

Update: US Equity Indexes Mixed as IBM Sell-Off Hits Dow, Cooling Inflation Eases Interest-Rate Pressure

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes traded mixed as a sell-off in IBM (IBM) shares restrained the Dow Jones Industrial Average, while the Nasdaq Composite and the S&P 500 rose after the steepest drop in inflation in more than six years sent government bond yields sharply lower.The tech-heavy Nasdaq advanced 1.1% to 26,146.1, with the S&P 500 up 0.5% to 7,550.2 ahead of Tuesday's close. The Dow Jones Industrial Average bucked the trend, trading steady at 52,547.8.Interest-rate sensitive sectors, technology, and communication services, led gainers amid a broad-based rally. Healthcare, consumer staples, and real estate were the only decliners. IBM shares sank 24%, the most on the Dow and the S&P 500, after the tech giant issued Q2 guidance below analysts' expectations.Looking at gains from the top 20 companies with market capitalizations exceeding $200 billion, half were from the semiconductor industry, according to data compiled by Finviz. The top gainer was SK Hynix, up 24%, following its Nasdaq debut last Friday.The US seasonally adjusted consumer price index fell by 0.4% month-over-month in June, the steepest drop since April 2020, compared with expectations for a 0.1% decrease in a Bloomberg-compiled survey and following a 0.5% increase in May, according to data released Tuesday by the Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, held steady, compared with the 0.2% growth estimate, in line with May's growth.US Treasury yields fell, with the 10-year down 3.7 basis points to 4.58% and the two-year lower by 7.4 basis points to 4.19%.The probability of the Federal Reserve leaving its policy unchanged in July soared to 83% following the inflation data, from 58% a day ago, the CME FedWatch tool showed Tuesday. The likelihood of the policy pause continuing across September, October, and December also surged.Meanwhile, President Donald Trump withdrew his proposal to charge a 20% toll on cargo transiting the Strait of Hormuz, according to his social media post on Tuesday. "Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States."There will be a "FULL Blockade, but only on Ships coming to and from Iranian ports, or carrying anything have to do with Iranian cargo," Trump said on Truth Social. US Central Command says it will restart its naval blockade at 4 p.m. ET, CNN reported.The front-month global benchmark North Sea Brent rose 2.2% to $85.09 a barrel, and the US West Texas Intermediate was up 1.9% to $79.59 a barrel, albeit both crude types were off session highs.

Dow JonesNasdaq CompositeS&P 500$GS$IBM$JPM

Japan69d ago

Update: Nasdaq, S&P 500 Rise as Inflation Drops for First Time in Six Years, Trump Reverses Plan to Impose Toll on Hormuz Cargo

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes traded mixed, with the Nasdaq Composite and the S&P 500 gaining, as the June inflation rate fell for the first time in more than six years and President Donald Trump withdrew plans to impose a levy on cargo transiting the Strait of Hormuz in the Persian Gulf.The tech-heavy Nasdaq advanced 0.7% to 25,918.2, with the S&P 500 climbing 0.4% to 7,543.4 and the Dow Jones Industrial Average up less than 0.1% to 52,518.3 after midday Tuesday.Financials and technology led gainers, while healthcare was the steepest decliner. IBM's (IBM) shares sank 25%, the steepest decline on the Dow and the S&P 500, after the tech giant issued Q2 guidance below Wall Street expectations.The US seasonally adjusted consumer price index fell by 0.4% month-over-month in June, reportedly the first decline since 2020, compared with expectations for a 0.1% decrease in a Bloomberg-compiled survey and following a 0.5% increase in May, according to data released Tuesday by the Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, held steady, compared with the consensus estimate of 0.2% growth, in line with May's increase.US Treasury yields fell, with the 10-year down 4.1 basis points to 4.57% and the two-year lower by 7.6 basis points to 4.19%.Meanwhile, President Donald Trump withdrew his proposal to charge a 20% toll on cargo transiting the Strait, according to his social media post on Tuesday. "Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States."There will be a "FULL Blockade, but only on Ships coming to and from Iranian ports, or carrying anything have to do with Iranian cargo," Trump said on Truth Social.The front-month global benchmark North Sea Brent rose 1.9% to $84.91 a barrel, and the US West Texas Intermediate climbed 1.2% to $79.10 a barrel, off session highs.

Dow JonesNasdaq CompositeS&P 500$IBM

Japan69d ago

UK Shares Rise as Investors Weigh Middle East Tensions; BP Gains

London's FTSE 100 rose 0.20% on Tuesday as investors assessed renewed US pressure on Iran alongside corporate earnings updates and fresh UK economic data.The US threatened to reinstitute a naval blockade of Iranian ports and impose a 20% charge on all cargo shipped through the Strait of Hormuz."President Trump has a habit of starting with an extreme negotiating position so no doubt this would come down if it was ever implemented, but the very spectre of tolls will make markets and customers nervous. US Central Command said that it will resume the Iran blockade at 4pm [New York] time today, so that still leaves a bit of time for a possible climbdown," said Deutsche Bank Research.Across the blue-chip index, oil giant BP (BP.L) was one of the top performers, rising 1.56% after forecasting stronger second-quarter refining margins and a slight increase in its oil trading result from the first quarter."BP's trading update was better than what we had modeled across most indicators, with strong realisations in the upstream alongside higher refining margin capture than we had modeled. These divisions were supported also by strong oil trading results," RBC Capital Markets said, with an outperform rating on the stock.Meanwhile, AstraZeneca (AZN.L) agreed to license Dizal Pharmaceutical's lung cancer treatment candidate Zegfrovy. Under the agreement, AstraZeneca will pay $600 million upfront, with potential milestone payments of up to $900 million and tiered royalties on global sales. The stock was down 1.78% at closing.On the macro front, UK retail sales rose 1.7% year over year on a like-for-like basis in June, slowing from May's 3.4% increase, according to the British Retail Consortium. The reading missed expectations for a 2.6% gain"June's record-breaking heat, food price inflation easing slightly and the start of the World Cup gave retailers a welcome boost, encouraging more frequent top-up shops. With both the warm weather and football tournament continuing this month, consumer confidence could receive a further uplift. However, looking further ahead, ongoing political uncertainty and the impact of the Middle East conflict starting to filter through to food prices, may weigh on confidence once again," said Institute of Grocery Distribution Chief Executive Officer Sarah Bradbury.

FTSE 100$AZN.L$BP.L

Japan69d ago

US Equity Futures Mixed Pre-Bell as Middle East Tensions Intensify, Major US Banks Post Earnings

US equity futures were mixed pre-bell Tuesday as traders monitored the unabated rise of tensions in the Middle East, as well as the financial results of major US banks.Dow Jones Industrial Average futures were 0.6% lower, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.6% higher.US Central Command completed another series of attacks against Iran on Monday night, its third consecutive wave, aiming to "continue imposing a heavy cost on Iranian forces and degrade their ability to attack innocent civilians and commercial shipping in the Strait of Hormuz," the command said in a post on X.Meanwhile, President Trump said the US is reinstating the blockade on Iranian vessels. "The U.S.A. will be, from this point forward, known as "THE GUARDIAN OF THE HORMUZ STRAIT," but as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped," Trump said in a post on Truth Social.Traders digested the latest round of earnings, with JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) all reporting higher Q2 earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3.4% at $86.15 per barrel and US West Texas Intermediate crude 2.1% higher at $79.80 per barrel.The June consumer price index, scheduled for release at 8:30 am ET, is seen declining 0.1%, compared with a 0.5% gain in the prior month, according to estimates compiled by Bloomberg.New Federal Reserve Chair Kevin Warsh will deliver his first semi-annual monetary policy report to the House Financial Services Committee, starting at 10 am ET.Federal Reserve Governors Lisa Cook, Michael Barr, Michelle Bowman, and Chicago President Austan Goolsbee are slated to speak on Tuesday.

Dow JonesNasdaq CompositeS&P 500$BAC$JPM$WFC

Japan70d ago

Market Chatter: Samsung Electronics Denies Speculation Exploring Potential Equity Offering in US

Samsung Electronics, a South Korean company, has denied it is exploring a potential offering of American depositary receipts, multiple media outlets reported on Tuesday.A Samsung representative said the company isn't reviewing the possibility of issuing ADRs, Bloomberg reported.Bloomberg cited sources familiar with the matter, indicating that Samsung was in the early stages of examining a potential ADR offering but had not yet made a decision whether to proceed following preliminary discussions with banks. The discussions are still in the very early stages and may not result in a listing, the report said.Samsung did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Japan70d ago

Gold Futures Rise 0.6% to $4,029.1/Oz, Silver Futures Climb 0.9% to $58.49/Oz Early Tuesday

Japan70d ago

CBOE Volatility Index Rises 1% to 17.29 Pre-Bell as Investors Await Bank Earnings, CPI Inflation, Fed Chair Warsh's Testimony

Showing 241-260 of 781

Japan69d ago

Update: US Equity Indexes Mixed as IBM Sell-Off Hits Dow, Cooling Inflation Eases Interest-Rate Pressure

Dow JonesNasdaq CompositeS&P 500$GS$IBM$JPM