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Trade concerns dent stocks; U.S. Treasury yields fall

2 days ago DieselGasoil Comments Off on Trade concerns dent stocks; U.S. Treasury yields fall
NEW YORK (Reuters) – A gauge of global stocks declined for a second straight session and U.S. Treasury yields fell as trade concerns again began to bubble and U.S. earnings season picked up steam. On Wall Street, CSX Corp was one of the biggest drags on the S&P 500. The railroad tumbled 10.44% after it Read More

Trade war, Brexit stoke debt and dollar, hit stocks and sterling

2 days ago DieselGasoil Comments Off on Trade war, Brexit stoke debt and dollar, hit stocks and sterling
LONDON (Reuters) – Resurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the United Kingdom curtailed appetite for equities on Wednesday and stoked demand for “safe” government bonds. U.S. President Donald Trump renewed his threat to tax another $325 billion of Chinese goods, amid nervousness Read More

Debt and dollar in demand, sterling and stocks stricken on trade war and Brexit

2 days ago DieselGasoil Comments Off on Debt and dollar in demand, sterling and stocks stricken on trade war and Brexit
LONDON (Reuters) – Resurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the United Kingdom dampened appetite for equities on Wednesday while keeping alive interest in the dollar and government bonds. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of Read More

Wall Street finds blockchain hard to tame after early euphoria

3 days ago DieselGasoil Comments Off on Wall Street finds blockchain hard to tame after early euphoria
NEW YORK (Reuters) – Two years ago Nasdaq Inc (NDAQ.O) and Citigroup Inc (C.N) announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a milestone in the global financial sector.” A Wall St. street sign is seen near the New York Read More

S&P ends near flat as Citigroup results sink banks; Nasdaq hits new high

3 days ago DieselGasoil Comments Off on S&P ends near flat as Citigroup results sink banks; Nasdaq hits new high
NEW YORK (Reuters) – The benchmark S&P 500 index ended little changed on Monday after oscillating between positive and negative territory throughout the session after Citigroup Inc (C.N) kicked off the earnings season with a mixed quarterly report. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July Read More

China data supports stocks as U.S. earnings season begins

4 days ago DieselGasoil Comments Off on China data supports stocks as U.S. earnings season begins
NEW YORK (Reuters) – A gauge of global stocks edged higher on Monday after economic data from China came in as expected, although stocks on Wall Street slipped as financials showed some weakness in the wake of Citigroup’s earnings report. Traders work on the floor of the New York Stock Exchange shortly after the opening Read More

Chinese data supports stocks as U.S. earnings season picks up

4 days ago DieselGasoil Comments Off on Chinese data supports stocks as U.S. earnings season picks up
NEW YORK (Reuters) – A gauge of global stocks advanced on Monday as economic data from China came in as expected, although stocks on Wall Street were little changed as financials showed some weakness in the wake of Citigroup’s earnings report. Traders work on the floor of the New York Stock Exchange shortly after the Read More

Wall Street flat as Citi results weigh on bank shares

4 days ago DieselGasoil Comments Off on Wall Street flat as Citi results weigh on bank shares
(Reuters) – Wall Street’s three main indexes eased from their record highs on Monday as bank stocks turned lower after the third largest U.S. lender, Citigroup, reported a squeeze in interest margins. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid Shares of Read More

Citigroup profit beats estimates on gains in consumer lending

4 days ago DieselGasoil Comments Off on Citigroup profit beats estimates on gains in consumer lending
(Reuters) – Citigroup Inc (C.N) beat analysts’ estimates for quarterly profit on Monday, as a tight lid on costs and strength in consumer lending helped the third-largest U.S. bank counter weakness in its trading business. A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Read More

Wall Street set open higher as banks rise after Citi results

4 days ago DieselGasoil Comments Off on Wall Street set open higher as banks rise after Citi results
(Reuters) – Wall Street was set to extend last week’s gains at the open on Monday as second-quarter corporate earnings got off to an upbeat start with results from the third largest U.S lender, Citigroup, beating expectations. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, Read More