U.S. private payrolls recorded their biggest increase in seven months in September, boosted by hiring at construction sites and in the services sector, pointing to sustained labor market strength that should continue to underpin economic growth.
Wall Street was set to open higher on Wednesday, buoyed by a rebound in European markets after Italy indicated that it was open to reducing budget deficits and debt in the coming years.
Oil traded near a four-year high on Wednesday, retreating from session peaks as top exporter Saudi Arabia said it increased output and after Reuters reported that Russia and Saudi Arabia had struck a deal to pump more.
U.S. interest rates could plateau for a while once they have risen to a level we they become mildly restrictive for the economy, Federal Reserve policy maker Charles Evans said on Wednesday.
The dollar strengthened against other major currencies on Wednesday after a top U.S. policymaker said inflation expectations haven’t gone up as much as he would have liked and he was comfortable with a December rate hike.
Goldman Sachs has raised its stake in Spanish supermarket chain DIA to 15.8 percent from 14.5 percent, a regulatory filing showed shortly after the discounter’s main shareholder disclosed it had raised its own holding close to the legal threshold for a full takeover bid.
Honda Motor Co Ltd will invest $2 billion over 12 years in General Motors Co’s Cruise autonomous vehicle unit after paying $750 million for a stake in the project, seen as among the leaders in self-driving car development.
Dell Technologies Inc confirmed on Wednesday it had met with some investment banks to explore an initial public offering if its plan to buy the tracking stock of VMware Inc falls through.
European shares rose and Italian bonds rallied on Wednesday as some of the worries that have rippled across markets this week were soothed by signs Rome was amenable to cutting budget deficits and debt in coming years.
Japan’s Toshiba Corp is “severely undervalued” and should boost share repurchases, U.S. hedge fund King Street Capital Management LP said in a letter on Wednesday.
Oil traded below a four-year high on Wednesday as top exporter Saudi Arabia said it increased output to near a record high and after Reuters reported that Russia and Saudi Arabia had struck a private deal in September to pump more.
U.S. stock futures rose on Wednesday, buoyed by a rebound in European markets after Italy indicated that it was open to reducing its budget deficits in the coming years.
Volkswagen’s Czech carmaker Skoda Auto needs to increase its capacity in Europe by 400,000 cars annually from the start of the next decade, Chief Executive Bernhard Maier was quoted as saying on Wednesday.
Chicago Federal Reserve Bank President Charles Evans said on Wednesday that U.S. inflation expectations in financial markets hadn’t gone up as much as he would have liked.
The Federal Reserve painted a picture of the U.S. economy that was almost too good to be true at its last meeting, with inflation seen contained in the near future despite the lowest unemployment rate in 20 years.
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