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Search resuls for: "Reports On Highly Consequential Global Financial Markets"


3 mentions found


☆ Wall St edges lower on bleak earnings ahead of inflation data
  + stars: | 2023-05-08 | by ( Shreyashi Sanyal Shristi Achar A | Shreyashi Sanyal | Shristi Achar A | ) www.reuters.com   time to read: +3 min
Producer prices, weekly jobless claims and consumer sentiment data are all lined up through the week. "The bigger picture is inflation will remain higher for longer and that we are heading into a recession. The KBW Regional Banking index (.KRX) fell 2.2% after posting its best single-day performance in seven weeks on Friday. Shares of regional banks tumbled for much of last week on worries tied to the collapse of First Republic Bank. The S&P index recorded 10 new 52-week highs and four new lows, while the Nasdaq recorded 47 new highs and 53 new lows.
☆ Wall St edges lower as bleak earnings overshadow rise in regional banks
  + stars: | 2023-05-08 | by ( Shreyashi Sanyal Shristi Achar A | Shreyashi Sanyal | Shristi Achar A | ) www.reuters.com   time to read: +3 min
On the other end, regional banks' shares stretched gains from a rebound on Friday, with PacWest Bancorp (PACW.O) jumping 19.9% after the lender sharply cut its quarterly dividend to boost capital. Shares of such banks tumbled for much of last week on worries tied to the collapse of First Republic Bank. "We're in an information vacuum right now, waiting for the next inflation data. Warren Buffett's Berkshire Hathaway Inc's Class B shares rose 1.2% after posting a $35.5 billion first-quarter profit, reflecting gains from stocks such as Apple. The S&P index recorded seven new 52-week highs and two new lows, while the Nasdaq recorded 31 new highs and 23 new lows.
☆ Futures edge higher, key inflation data awaited
  + stars: | 2023-05-08 | by ( Shreyashi Sanyal | Thomson Reuters | Reports On Highly Consequential Global Financial Markets | ) www.reuters.com   time to read: +3 min
Regional bank shares stretched gains from a rebound on Friday, with PacWest Bancorp (PACW.O) jumping 33% premarket after the company announced quarterly dividend. Shares of such banks tumbled for much of last week on worries tied to the collapse of First Republic Bank. ET, Dow e-minis were up 67 points, or 0.2%, S&P 500 e-minis were up 6 points, or 0.14%, and Nasdaq 100 e-minis were down 4.25 points, or 0.03%. Data on producer prices, weekly jobless claims and on consumer sentiment are all lined up through the week. On earnings, Warren Buffett's Berkshire Hathaway Inc's Class B shares rose 1.5% after the company posting a $35.5 billion first-quarter profit, reflecting gains from stocks such as Apple.
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