The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Trump and Apple CEO Tim Cook have had a rocky relationship in recent years, but Trump is now complimenting the executive publicly.Technologyread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
The president's remark followed a string of criticisms aimed at his predecessors, whom he claimed had ignored China's alleged malpractice on trade.Politicsread more
President Trump liked Germany's sale of no-interest, 30-year bonds Wednesday, but investors weren't so eager to buy them.Market Insiderread more
SunTrust Robinson Humphrey analysts said in a research note the "Off-Facebook Activity" feature "appears to fall somewhat short of the original pledge by CEO Zuckerberg of...Technologyread more
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
European stocks closed slightly lower Tuesday amid heightened geopolitical tensions between the U.S. and Iran, as well as ongoing trade uncertainty.
The pan-European Stoxx 600 closed provisionally just below the flatline. Auto and retail stocks led the losses with 1% declines, while basic resources climbed 0.7%.
President Donald Trump on Monday signed an executive order imposing "hard-hitting" new sanctions on Iran, which NBC News reported will deny Iranian Supreme Leader Ayatollah Ali Khamenei and his office access to key financial resources. Iran slammed the sanctions, saying they signaled the end of diplomacy.
Meanwhile, investors are also awaiting a meeting between Trump and Chinese President Xi Jinping at this week's G-20 summit in Japan amid the ongoing trade war between the two nations. A senior U.S. official reportedly said Trump is "comfortable with any outcome" from U.S.-Sino talks at the summit.
On Wall Street, the Dow Jones Industrial Average fell about 35 points following the release of much weaker-than-expected consumer confidence data. The and Nasdaq indexes were also in negative territory.
Back in Europe, the favorite to replace British Prime Minister Theresa May, Boris Johnson, reiterated his threat to take the U.K. out of the European Union in October with or without agreeing a deal with the bloc.
Meanwhile, the EU has indicated that the Italian anti-establishment government may have anywhere between three and six months to demonstrate its commitment to reducing the country's massive debt burden, according to minutes from the latest European Commission meeting.
In corporate news, Nissan Chief Executive Hiroto Saikawa said Tuesday that the carmaker will postpone talks with French partner Renault on deepening their alliance, instead focusing on its own recovery. Renault shares traded 1.6% lower.
French consultancy Capgemini on Monday announced an agreement to buy engineering and digital services company Altran for 3.6 billion euros ($4.10 billion) to tap into the fast-growing engineering outsourcing services market. Altran shares jumped almost 22% higher following news of the deal, topping the Stoxx 600, while Capgemini's stock was up over 8%.
At the other end of the European blue chip index, French telecoms provider Iliad fell 3.5% after Berenberg downgraded the company's stock from "buy" to "hold."
In terms of data, French business confidence figures released on Tuesday showed sentiment for June falling to its lowest since November 2016, down to 102 from 104 in May.