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Archive US: Trading

  • NEW YORK, March 7- A measure of major stock markets around the globe slipped on Tuesday, with the Dow and S&P 500 on pace for their first back-to-back losses in more than a month, while expectations the Federal Reserve will raise interest rates supported the U.S. dollar. The U.S. dollar edged up 0.15 percent against a basket of six major trading currencies, rising 0.35...

  • March 7- Shares of U.S. pharmaceutical and biotechnology companies fell on Tuesday after President Donald Trump said he was working on a "new system" to reduce prices in the industry, without providing details of his plan. "Im skeptical about what it is that he might do that would actually have a material impact on drug prices," said Paul Heldman, managing partner at...

  • NEW YORK, March 7- U.S. DRUG COMPANIES Pfizer Inc, Merck& Co Inc, Amgen Inc and Gilead Sciences Inc: Trump sent a tweet on Tuesday before the market opened that he was "working on a new system where there will be competition in the Drug Industry. Pfizer was down 1 percent at $34.02, and Merck fell 0.6 percent at $66.05.

  • *Saudi cut production by more than required in OPEC agreement. NEW YORK, March 7- Oil prices were little changed on Tuesday, giving up gains after Saudi Arabia's oil minister gave mixed messages on future OPEC production cuts, while the market also braced for data that was expected to show a ninth straight weekly increase in U.S. crude inventories.

  • *Pharma stocks fall after Trump says he will cut drug prices. NEW YORK, March 7- Wall Street stocks slipped on Tuesday, led by a decline in healthcare stocks after a tweet from U.S. Shares of large U.S. pharmaceutical and biotechnology companies sold off after President Donald Trump said he was working on a "new system" to reduce prices in the industry.

  • *U.S. to sell $24 billion in three-year debt at 1 p.m.. Following the three-year note sale, the Treasury Department will auction $20 billion in 10- year debt on Wednesday and $12 billion in 30- year bonds on Thursday. "It's hard to take this much duration risk before the Fed," said Aaron Kohli, interest rates strategist at BMO Capital Markets in New York.

  • March 7- Shares of large U.S. pharmaceutical and biotechnology companies sold off on Tuesday after President Donald Trump said he was working on a "new system" to reduce prices in the industry. "I am working on a new system where there will be competition in the Drug Industry," Trump tweeted. "Pricing for the American people will come way down!"

  • *Asia ex- Japan up 0.6 pct; Nikkei closes down 0.2 pct. SINGAPORE, March 7- Asian shares rose on Tuesday, diverging from New York markets that slipped on concern about President Donald Trump's ability to focus on economic policies. Futures are pointing to a positive open for Britain's FTSE 100 and France's CAC 40..

  • *Asia ex- Japan up 0.5 pct; Nikkei drops 0.2 pct. SINGAPORE, March 7- Asian shares rose on Tuesday, diverging from New York markets that slipped on concern about President Donald Trump's ability to focus on economic policies. MSCI's broadest index of Asia-Pacific shares outside Japan rose almost 0.5 percent, after pulling back slightly in early trade.

  • Here’s what’s behind the cocoa plunge

    Cocoa futures have tanked recently. Brian Wagner, hedge specialist at First Capitol Ag, discusses with Eric Chemi.

  • Snap cofounders Evan Spiegel (C) and Bobby Murphy ring the opening bell of the New York Stock Exchange (NYSE) with NYSE Group President Thomas Farley shortly before the company's IPO in New York, U.S., March 2, 2017.

    By one measure, analysts are more bearish on the Snapchat parent than on any other stock out there. Rich Ross of Evercore ISI and Eddy Elfenbein of the Crossing Wall Street blog discuss with Eric Chemi.

  • NEW YORK, March 6- U.S. Now everyone is hunkering down before the jobs report, "said Ellis Phifer, senior market strategist at Raymond James in Memphis, Tennessee, referring to the U.S. government's payrolls report due on Friday. Interest rates futures implied traders priced in an 86 percent chance the Fed will raise interest rates at its upcoming meeting, up from 80...

  • *North Korea fires four ballistic missiles. NEW YORK, March 6- U.S. stocks retreated on Monday in a broad decline as investors took a dim view of the latest turbulence surrounding the Trump administration along with geopolitical tensions emanating from Asia. "The bottom line is, investors have predicated this rally on this new administration getting things done,"...

  • *North Korea fires four ballistic missiles. March 6- U.S. stocks fell on Monday with losses across sectors as investors' appetite for risk was curbed by geopolitical tensions in Asia and President Donald Trump's accusation that his predecessor, Barack Obama, wiretapped him. Some investors worried that the accusation could distract Trump from his economic...

  • NEW YORK, March 6- Key world equity markets fell on Monday as U.S. Alain Juppe, who served as French prime minister from 1995 to 1997, said he would not seek his country's presidency in April elections, a development seen as likely boosting the candidacy of far-right party leader Marine Le Pen. A poll last week showed that if Juppe replaced the scandal-hit Francois...

  • NEW YORK, March 6- U.S. "The data kept coming in positive and they fanned up the rate expectations of some members," Blake Gwinn, U.S. rates strategist at NatWest Markets in Stamford, Connecticut. Interest rates futures implied traders placed nearly an 89 percent chance the Fed will raise interest rates at its upcoming meeting, up from 80 percent at Friday's close, CME...

  • March 6- U.S. stocks were lower on Monday amid losses across sectors as investors' appetite for risk was curbed by geopolitical tensions in Asia and President Donald Trump's accusation that his predecessor, Barack Obama, wiretapped him. Some investors worried that the accusation could distract Trump from his economic agenda of introducing tax cuts and...

  • March 6- U.S. stocks opened lower on Monday amid losses across sectors as investors' appetite for risk was curbed by geopolitical tensions in Asia and President Donald Trump's accusation that his predecessor, Barack Obama, wiretapped him. Some investors worried that the accusation could distract Trump from his economic agenda of introducing tax cuts and...

  • *GM falls after sale of Opel and Vauxhall ops. March 6- U.S. stocks looked set to open lower on Monday as rising geopolitical tensions in Asia and President Donald Trump's accusation that his predecessor Barack Obama wiretapped him weighed on investors' risk appetite. "The market is susceptible to short-term swings and choppy behavior predicated on something...

  • March 6- U.S. stock index futures slipped on Monday as President Donald Trump's accusation that his predecessor, Barack Obama, wiretapped him cast a shadow on the market. *The shift was evident on Friday when Wall Street barely budged after Federal Reserve Chair Janet Yellen signaled a rate hike at the central bank's meeting on March 14-15. *Rising geopolitical...