U.S. stocks edged higher on Friday as banks gained after 10-year U.S. Treasury yields topped 3 percent, but gains were capped by a drop in the rate-sensitive utilities, real estate and telecom sectors.
The home of Fiat bid farewell on Friday to Sergio Marchionne, one of the auto industry’s most exacting and determined leaders, who rescued the Italian car giant and U.S. Chrysler.
Oil prices were largely steady on Friday after the previous session’s steep drop due to demand concerns, but were on track to end the week higher bolstered by earlier gains on supply constraints from Iran following U.S. sanctions.
A narrowing gap between long-term and short-term borrowing costs does not necessarily signal a coming recession, Federal Reserve Bank of Chicago President Charles Evans said on Friday.
Federal Reserve Bank of Chicago President Charles Evans said on Friday that two further interest-rate hikes this year by the U.S. central bank would not be surprising, given the strength of the economy.
The United States on Friday imposed sanctions against a Thai aviation company that it said was acting on behalf of Iran’s Mahan Air, which it accused of ferrying troops and supplies into Syria in support of Syrian President Bashar al-Assad.
Following are five big themes likely to dominate the thinking of investors and traders in the coming week, and the Reuters stories related to them.
Brexit talks are set to intensify over the coming week, with the first of three summits that European Union leaders hope will settle a divorce deal for departing Britain within the next two months.
An index of world stock markets climbed to its highest in over a week on Friday as expectations grew that the United States and China would start fresh trade talks, while an interest rate hike in Turkey supported the lira and emerging markets.
U.S. stocks were flat on Friday, as declines in real estate and utilities were offset by gains for banking stocks, driven by a rise in 10-year Treasury yields above 3 percent.
Allergan Plc said it expects revenue at its medical aesthetics unit to grow to $7 to $8 billion by 2025, even as it faces increasing competition for its blockbuster wrinkle treatment, Botox.
U.S. business inventories rose solidly in July, boosted by a larger than initially estimated increase in the stock of motor vehicles.
German retailer Metro AG plans to sell its struggling Real hypermarkets and is confident of interest in the chain, though bankers played down talk it might attract Amazon and a price tag of up to 1 billion euros ($1.2 billion).
Oil prices were broadly flat on Friday with the market exposed to bullish and bearish sentiments as it clawed back some territory after falling by the most in a month in the previous session.
A narrowing gap between long-term and short-term borrowing costs does not necessarily signal a coming recession, Federal Reserve Bank of Chicago President Charles Evans said on Friday.
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