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Archive US: Trading

  • The full interview with Paul Meeks

    Veteran fund manager Paul Meeks of Sloy, Dahl & Holst discusses technology stocks and the broader market with Brian Sullivan.

  • Treasury yields were little changed on Friday as the exit of senior White House adviser Stephen Bannon, known for his economic nationalist views, revived the appetite for stocks and reduced it for lower-yielding bonds. "With anything that could change this White House, it could result in an upside surprise," said Jason Celente, senior portfolio manager at...

  • NEW YORK, Aug 18- The S&P 500 was barely higher Friday afternoon as investors assessed the latest White House shakeup, while shares of sporting goods retailers and Deere weighed on the market following disappointing results. The White House announced President Donald Trump fired chief strategist Steve Bannon on Friday. "There are still question marks on what...

  • SAN FRANCISCO, Aug 18- Investors worried about lofty stock-market valuations may take comfort in signs that companies in the benchmark S&P 500 index are padding their bottomlines less than they have in previous years. The difference between S&P 500 companies' GAAP net incomes and the adjusted versions of net income that they play up to Wall Street is expected...

  • NEW YORK, Aug 18- U.S. Treasury yields nudged higher on Friday as the exit of senior White House adviser Stephen Bannon, known for his economic nationalist views, revived the appetite for stocks and reduced it for lower-yielding bonds. You have had a lot of drama in Washington, "said Michael Schumacher, head of rate strategy at Wells Fargo Securities in New York.

  • *European shares fall; Barcelona attack weakens travel stocks. President Donald Trump fired chief strategist Steve Bannon on Friday, the White House announced, ending the turbulent tenure of a rabble-rousing conservative media entrepreneur and political activist who was a darling of Trump's base. "Theres a lot of hopeful people thinking that, you know what, he...

  • *Barcelona van attack kills 13, wounds scores. LONDON, Aug 18- Demand for highly-rated euro zone bonds increased on Friday as equity markets tumbled on mounting evidence that U.S. Meanwhile, the gap between yields on southern European bonds issued by Spain and Portugal and those on higher-rated German debt widened in a global retreat from riskier assets that...

  • Aug 18- Wall Street was lower for the second straight day on Friday on mounting worries about President Donald Trump's ability to legislate his pro-growth agenda, after his comments on the recent violence in Virginia drew widespread criticism. Several business leaders have since resigned from his advisory councils and a White House official said plans for...

  • *Deer Park refinery outage supports WTI prices. At 1152 GMT, benchmark Brent crude futures were up 6 cents at $51.09 a barrel on the day but still about 2 percent lower on the week. "Falling U.S. commercial stocks are supportive and I also believe that high U.S. product demand, and gasoline demand in particular, is helping too," Tamas Varga, senior analyst at London...

  • *CBOT wheat consolidates but Paris wheat slips again. PARIS/ MANILA, Aug 18- Chicago wheat futures edged higher on Friday to hold above day-earlier contract lows but gains were modest as an expected record Russian harvest kept attention on the size of global supplies. Wheat for December delivery on the Chicago Board of Trade was up 0.5 percent at $4.42-3/ 4 a bushel...

  • Aug 18- Cosmetics maker Estee Lauder Cos Inc forecast full-year profit ahead of analysts' estimates and posted higher-than-expected quarterly results, driven by strong demand for its brands such as M.A.C, Tom Ford and Smashbox. Sales in the company's makeup unit, which sells brands such as Tom Ford, Smashbox and La Mer, rose 16 percent to $1.31 billion.

  • LONDON, Aug 18- World stocks were set for a second day of losses on Friday after an exodus of U.S. executives from presidential business councils dealt a fresh blow to hopes of tax reform and deadly attacks in Barcelona hit shares in European tourism firms. President Donald Trump's latest controversial comments on violence that flared in Charlottesville,...

  • *White House denies rumour Gary Cohn quitting. *Barcelona van attack kills 13, wounds scores. Meanwhile, yields rose slightly on southern European bonds in the likes of Spain and Portugal in a global retreat from riskier assets that saw the biggest drop in three months on Wall Street overnight.

  • LONDON, Aug 18- World stocks were set for a second day of losses on Friday after an exodus of U.S. executives from presidential business councils dealt a fresh blow to hopes of tax reform, hammering Wall Street and filtering through to Asia and Europe. Treasury bonds and bought gold for the third day in a row, as the appeal of such top-notch assets grew further due to a...

  • BENGALURU, Aug 18- Gold rose for a third day on Friday amid weaker Asian stocks, with some investors gravitating towards safe-haven assets on political uncertainty in the United States and after a terrorist attack in Spain killed 13 people. Markets were further shaken as Spain mounted a sweeping anti-terror operation on Friday after a suspected Islamist...

  • *Wall Street logs losses as U.S. political woes rattle investors. TOKYO, Aug 18- Japanese stocks fell to 3-1/ 2- month lows on Friday and posted a fifth weekly drop, hit by losses on Wall Street and a weaker dollar as doubts grow over whether President Donald Trump will be able to push through policies to boost U.S. economic growth. An attack in Spain added to the...

  • MANILA, Aug 18- U.S. wheat futures climbed off contract lows on Friday, but gains were modest as investors remained largely bearish towards the grain amid ample global supply. Wheat for December delivery on the Chicago Board of Trade was up 0.5 percent at $4.42-3/ 4 a bushel by 0222 GMT, having touched a contract low of $4.38-3/ 4 on Thursday. A tender by Egypt on...

  • *The most-traded wheat, for September delivery, on the Chicago Board of Trade was up 0.6 percent at $4.43-/ 14 a bushel by 0128 GMT, having touched a contract low of $4.12-1/ 4 on Thursday. *A tender by Egypt on Wednesday drew offers totalling around 1 million tonnes of Russian wheat, underlining big supplies from Russia. Egypt, the world's largest wheat importer, booked...

  • *Asia ex- Japan, Nikkei drop as risk aversion reigns. SINGAPORE, Aug 18- Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on growing doubts about U.S. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 percent in early trade, but still looked set to gain 1.4 percent for the week after tensions...

  • *Gary Cohn resignation rumors knocked down. *Barcelona incident adds to investor worries. The index dropped 1.4 percent last Thursday, as concern over a possible conflict between the United States and North Korea hit the market.