Financial News · Live Terminal

Page 139 of 169

Cargo Traffic to Los Angeles Port Expected to Rise in Week Ending May 16

Cargo traffic at the Port of Los Angeles is expected to rise in the week ending May 16, according to data from the ship-tracking system Port Optimizer.A total of 124,885 20-foot equivalent units, a standardized measure of cargo capacity, are projected to reach the port in the week, the data showed. That volume reflects a roughly 18% increase from the previous week and a 48% rise from a year earlier.Twenty-three freight vessels are scheduled to arrive at the port in the week ending May 16, the data showed. That is more than the 19 vessels each during this week and the week ending May 9.President Donald Trump said Friday he will raise tariffs to 25% next week on European Union cars and trucks being exported to the US, as the EU is not fully complying with their trade deal.Trump said Thursday on Truth Social he is removing tariffs and restrictions on whiskey "having to do with Scotland's ability to work with the Commonwealth of Kentucky on Whiskey and Bourbon," in honor of the UK's King Charles III and Queen Camilla.

International99d ago

Technology, Consumer Discretionary Push S&P 500, Nasdaq to Record Highs

US equity indexes rose midday Friday as technology and consumer discretionary helped lift the S&P 500 and Nasdaq Composite to record highs, and crude oil futures slumped.The Nasdaq Composite jumped 1.1% to 25,172.8, with the S&P 500 up 0.6% to 7,250.9. The Dow Jones Industrial Average leaned slightly higher to 49,659.2.In company news, Apple (AAPL) jumped 4%, the Dow's top gainer, after the iPhone manufacturer overnight reported a year-over-year surge in fiscal Q2 earnings and revenue. Apple's board also raised its quarterly dividend and approved a share buyback program of up to $100 billion.Apple remains well-positioned for continued growth through 2026 following a "strong" fiscal Q2, driven by a 22% rise in iPhone revenue, a 28% rebound in China sales, and gross margins of more than 49%, BofA Securities said in a note.Oracle (ORCL), Intel (INTC), and Apple led midday outperformers among companies with a market capitalization of more than $200 billion, according to data compiled by Finviz. In the top 10 gainers from this category, half were either software or semiconductor companies.Meanwhile, the energy sector was the standout decliner in midday trading after Iran offered a revised peace plan, with Chevron (CVX) among the worst performers.Tehran delivered a new proposal to the US while President Donald Trump vowed to maintain a naval blockade, Bloomberg reported Friday. Tehran relayed its latest position to Washington via Pakistan, which mediated a first round of direct negotiations last month, the report said, citing Iran's state-run Islamic Republic News Agency.West Texas Intermediate crude oil futures dropped 3.4% to $101.69, and Brent crude futures fell 2.1% to $108.28.In precious metals, gold futures edged up 0.4% to $4,646.1, and silver futures jumped 3.3% to $76.41.Most US Treasury yields leaned lower, with the 10-year down 1.4 basis points to 4.38%.In economic news, the Atlanta Federal Reserve's Q2 gross domestic product Nowcast came in at 3.5%, down from 3.7% previously estimated.The Institute for Supply Management's US manufacturing index was unchanged in April at 52.7, below the 53.2 reading expected in a Bloomberg survey. The S&P Global US manufacturing index for April was revised upward to 54.5 from the flash 54.0, compared with expectations for no revision in a Bloomberg-compiled survey.

Dow JonesNasdaq CompositeS&P 500$AAPL$CVX$INTC$ORCL

International99d ago

Atlanta Fed US Q2 GDP Nowcast Estimate 3.5% Growth Vs. Previous 3.7% Gain

International99d ago

ISM US Manufacturing Index Indicates Steady Expansion in April

The Institute for Supply Management's US manufacturing index was unchanged in April from the 52.7 reading in March, below the expectations for a 53.2 reading in a survey compiled by Bloomberg as of 7:40 am ET.There were gains in the readings for new orders and prices, but declines in production, employment and order backlogs.Other regional manufacturing sector readings have been generally positive, with exception of the Dallas and Chicago regions.The monthly national manufacturing reading from the Institute for Supply Management is reported as a headline index, with readings above 50 indicating expansion and those below 50 indicating contraction. Component indexes measure new orders, production, employment, and prices.An increase in the index further above 50 is considered a sign of a strong US manufacturing sector, generally a positive for manufacturing industry stocks. However, if that strength comes with rising input prices due to shortages, that could be a negative for stocks as well as bonds.

International99d ago

April ISM US Manufacturing Index 52.7 Vs. Expected 53.2, Previous 52.7

International99d ago

S&P Global US Final Manufacturing PMI Revised Higher in April, Up from March Reading

The S&P Global US manufacturing index for April was revised slightly upwards to 54.5 from the flash reading of 54.0, compared with expectations for a no revision in a survey compiled by Bloomberg as of 7:40 am ET.This is the strongest expansion in the manufacturing economy since May 2022, S&P Global said.The April index stands above the 52.3 reading in March, indicating faster expansion.

International99d ago

April S&P Global US Final Manufacturing PMI 54.5 Vs. Unrevised Expected 54.0 Flash, March 52.3

International99d ago

US Dollar Falls Early Friday Ahead of April Manufacturing Data

The US dollar fell against its major trading partners early Friday ahead of the release of manufacturing data from S&P Global at 9:45 am ET and from ISM at 10:00 am ET.The St. Louis and Atlanta Federal Reserve banks are due to release their GDP nowcast estimates for Q2 around midday.A quick summary of foreign exchange activity heading into Friday:EUR/USD rose to 1.1750 from 1.1736 at the Thursday US close and 1.1706 at the same time Thursday morning. There are no Eurozone data on Friday's schedule. The next European Central Bank meeting is scheduled for June 11.GBP/USD rose to 1.3617 from 1.3607 at the Thursday US close and 1.3517 at the same time Thursday morning. UK manufacturing PMI rose in April, while UK home prices increased in the same month, and UK mortgage lending improved in March. The next Bank of England meeting is scheduled for June 18.USD/JPY fell to 156.5495 from 156.5626 at the Thursday US close and 157.0274 at the same time Thursday morning. Growth in Tokyo CPI, an early indicator of Japanese consumer prices, accelerated in April, but core CPI growth slowed, according to data released overnight. In the same month, manufacturing PMI rose more than expected. The next Bank of Japan meeting is scheduled for June 15-16.USD/CAD fell to 1.3563 from 1.3583 at the Thursday US close and 1.3657 at the same time Thursday morning. Canadian manufacturing PMI for April is due to be released at 9:30 am ET. The next Bank of Canada meeting is scheduled for June 10.

$EUR/USD$GBP/USD$USD/CAD$USD/JPY

International99d ago

London Lower in Holiday-Thinned Trading in Europe

London's FTSE 100 Index declined 0.5% midday Friday in Europe, while exchanges in Frankfurt, Madrid, Paris and elsewhere on the continent were closed for the May Day observance.Investors eyed stable Wall Street futures, and higher closes overnight in Sydney and Tokyo, although most Asian exchanges were also shuttered on holiday.The FTSE 100 through Thursday had notched 13 straight trading days of gains, but investors Friday again faced rising crude prices and interest rates.Yields on benchmark 10-year German bonds were higher, near 3.03% mid-session, while front-month North Sea Brent crude oil futures were up 0.5% at $110.92 a barrel.

^SXXP

International99d ago

Oil, Earnings Cap Wall Street Pre-bell; Asia, Europe on Holiday

Wall Street futures wavered pre-bell Friday, as traders weighed a generally good earnings season against rising geopolitical tensions amid a still-closed Strait of Hormuz.In the futures, the S&P 500 rose 0.1%, the Nasdaq declined 0.2% and the Dow Jones was up 0.2%.West Texas Intermediate crude oil traded evenly at $105.07 per barrel.Asian exchanges traded mostly higher overnight in holiday-thinned trading, while European bourses were also largely closed, but with London edging lower midday.Estee Lauder (EL) traded up arond 11% pre-bell after the beauty empire reported fiscal Q3 EPS and revenue above outlooks, and issued upbeat guidance, in morning hours.Exxon Mobil (XOM) traded up 0.5% pre-bell after the oil titan reported Q1 EPS and revenues above expectations, in pre-market release.Chevron (CVX) gained 0.9% pre-bell after the integrated oil giant reported Q1 EPS above outlook, but missed on revenue, before the opening bell.On the economic calendar is the S&P Global US manufacturing purchasing managers index (PMI) for April at 9:45 am ET, followed by the ISM Manufacturing Index for April at 10 am.The weekly Baker Hughes domestic oil-and-gas rig count logs at 1 pm.In pre-market action, Bitcoin traded at $77,386, and 10-year US Treasuries offered 4.38%. Spot gold commanded $4,581 an ounce.

Dow JonesNasdaq CompositeS&P 500

International99d ago

Earnings, Wall Street Cues Lift Asian Stock Markets in Thin Holiday Trading

Asian stock markets gained on Friday in holiday-thinned trading, as traders weighed earnings reports against the backdrop of the Strait of Hormuz closure.Tokyo finished in the green, while Hong Kong and Shanghai were closed on holiday.Other exchanges in Bangkok, Mumbai, Seoul, Singapore, and Taiwan were also shuttered for May Day.In Japan, the Nikkei 225 opened evenly and edged higher, finishing up 0.4% as traders weighed overnight record-high closes on Wall Street and a generally good earnings season.The benchmark Nikkei 225 rose 228.20 to 59,513.12, although losing issues outnumbered gainers 121 to 102.Leading the upside was plumbing fixtures maker Toto, up 18.4%, while electronics component company Alps Alpine declined 15%, with both moves following earnings reports.In economic news, Tokyo's consumer price index-core (CPI-core), which strips out fresh food bills, rose 1.5% on year in April, the slowest pace in four years and below the central bank's 2% target for a third straight month.On other regional exchanges, the Australian ASX 200 inclined 0.7%.

Hang SengNikkei 225Shanghai Composite

International99d ago

UK's M4 Money Supply Rises 0.8% MoM in March

Britain's M4 money supply rose 0.8% month over month in March, against the revised 0.7% increase in February, the Bank of England said Friday.Analysts expected a 0.5% decrease for the month.

FTSE 100

International99d ago

S&P: UK Final Manufacturing PMI Hits 47-month High in April

The UK's manufacturing sector remained in the growth territory in April, benefiting from a continued increase in production and an improvement in new order intakes.The final S&P Global UK Manufacturing PMI stood at 53.7 in April, against the previous 51 and the flash estimate of 53.6, S&P Global said Friday. The final reading marks a 47-month high and stands above the 50 neutral threshold for the sixth straight month.

FTSE 100

International99d ago

UK Consumer Credit Growth Slows in March; Mortgage Approvals Up

Net borrowing of consumer credit by individuals in the UK stood at 1.90 billion pounds sterling in March, following the revised 1.98 billion pounds in February, according to Bank of England data published Friday.The consensus estimate for the month was 1.8 billion pounds.Meanwhile, net mortgage approvals for house purchases came in at 63,531, compared with the revised 62,708 in the prior month and the expected 60,000.

FTSE 100

International100d ago

South Korea Logs Second Straight Month of Over $20 Billion Trade Surplus

South Korea recorded a trade surplus of $23.8 billion in April, which was the second straight month of more than $20 billion in trade surplus for the first time, the Ministry of Trade, Industry and Energy said in a Friday release.Exports in the month increased 48% to $85.9 billion from the year-ago period, while imports rose 16.7% to $62.1 billion, the release said.Eight of the top 15 export categories recorded growth in the month, with outbound shipments led by semiconductors, petrochemicals, and petroleum products, while other sectors, including computers, ships, wireless communication devices, display panels, and steel, also recorded higher exports, according to the trade ministry.Semiconductor exports gained 173.5% to $31.9 billion, while automobile exports declined 5.5% to $6.17 billion from April 2025, the release said.

^KOSDAQKOSPI

International100d ago

Australia's Index of Commodity Prices Falls 0.5% in April

The Australian Index of Commodity Prices declined 0.5% in April when measured in special drawing rights terms on a monthly average basis, after a 3.5% increase in March, the Reserve Bank of Australia reported Friday.The non-rural and rural subindices fell in the month, while the base metals subindex increased.In Australian dollar terms, the index was down by 0.8% in the month and increased by 4.6% over the past year, per the report.The index soared 15.7% in special drawing rights terms when compared with the previous year. Higher rural commodity prices and base metal prices more than offset falls in the prices of liquefied natural gas and alumina.Using spot prices for the bulk commodities index, the index slid by 0.6% in special drawing rights terms in April, but is still 16.9% higher over the past year.

ASX 200

International100d ago

Swiss Monthly Retail Sales Up 0.1% in March

Retail sales in Switzerland rose 0.1% month over month in real terms in March, after a revised 0.1% decrease in February, the country's Federal Statistical Office said Friday.On a yearly basis, seasonally adjusted retail sales were 0.5% higher, compared with the revised 0.4% gain earlier and the consensus estimate of a 1% growth.

^SSMI

International100d ago

New Zealand's Building Sector Sees Rising Headwinds Despite Lift in Planned Building Work, Says Westpac

Westpac said that while the amount of planned building work has lifted, headwinds in New Zealand's building sector are mounting, according to a Friday report by the bank.The bank said the Middle East conflict has resulted in a sharp rise in fuel costs and related increases in materials costs in the construction sector, with some increases described as substantial, while uncertainty and upward pressure on borrowing costs have also risen as inflation pressures have increased.Westpac said developers are likely to be cautious about initiating new projects given sluggish price growth and the broader headwinds, with the recent uplift in activity potentially giving way to renewed softness later in the year. However, a lift in consent numbers over the past year is expected to see building activity trend higher over the next few months.

^NZ50

International100d ago

New Zealand Consumer Credit Demand Softened in Recent Weeks But Remains Higher Year Over Year, Centrix Says

Consumer credit demand in New Zealand softened in recent weeks with enquiry volumes easing, but it remained up 1.3% year over year, Centrix said in a new report.Mortgage enquiries are up more than 11%, auto loan demand is up over 8%, and personal loan enquiries ticked nearly 8% higher. But on the flip side, credit card demand is down past 17%, and retail energy enquiries have fallen more than 28%.Consumer arrears declined again in March to hit the lowest level since September 2023, although the picture is not uniformly positive as there are still 95,000 consumers who are past 90 days overdue on payments, according to the report.In terms of sectors, agriculture continues to perform well, but there is weakness across the services economy, and hospitality also remains vulnerable, Centrix said.The firm noted that there is a broad expectation among economists and business leaders that the full impact of higher fuel prices has not yet filtered through to credit indicators.

^NZ50

International100d ago

Nationwide: UK Annual House Price Growth Rises to 3% in April

The annual growth rate of house prices in the UK increased to 3% in April from 2.2% in March, according to data from the Nationwide Building Society published Friday.The consensus estimate for the month was a 2.2% jump in housing prices.The average price of houses was 278,880 pounds sterling, up from 277,186 pounds a month ago.On a monthly basis, seasonally adjusted house prices were 0.4% higher, against the 0.9% gain earlier and the expected 0.3% decrease.

FTSE 100

Showing 2761-2780 of 3369

International99d ago

Technology, Consumer Discretionary Push S&P 500, Nasdaq to Record Highs

Dow JonesNasdaq CompositeS&P 500$AAPL$CVX$INTC$ORCL