Market Pulse - Usa
Fund managers say inflation 'transitory', banks biggest 'overweight' - BofA
Most fund managers around the world continued to believe that the recent acceleration in price pressures in the States would prove transitory, placing their trust in the Federal Reserve's ability to "peacefully" draw back on its policy easing, the results of a closely-followed survey revealed.
Washington and Brussels to bury the hatchet on Boeing-Airbus dispute for five years
Brussels and Washington have decided to shelve their often acrimonious spat over the subsidies granted to their aircraft manufacturers for five years.
US pre-open: Futures point to slight gains, Boeing and Exxon in focus
Wall Street futures are pointing slightly higher ahead of the start of trading in the US as investors bide their time ahead of the Federal Reserve's policy meeting scheduled for the next day.
US close: Retail sales, producer prices push equities lower
A weaker-than-expected reading on the key monthly retail sales report alongside faster growth in producer prices knocked stocks lower by the close on Wall Street on Tuesday.
Kia, Uber partner to offer European drivers discounts on EVs
Uber and Kia Europe have partnered to offer drivers in 20 European markets deals when buying, leasing, financing or renting Kia’s EVs.
US open: Stocks dip after stronger-than-expected producer price data
The combination of a weaker-than-expected reading on the key monthly retail sales report alongside faster growth in producer prices knocked stocks off their perch in early trading in New York.
Cruise secures $5bn credit line to launch self-driving robotaxis project
Cruise, a majority-owned subsidiary of General Motors, has secured a new $5bn line of credit as it prepares to commercialization its autonomous ride-hailing business.
US final demand prices jump in May, paced by gains for food and energy
Wholesale prices in the US rose twice as quickly as anticipated last month amid sharp increased in food and energy prices.
US retail sales volumes drop sharply in May
Americans reined in their spending last month, especially on cars and building materials, two of the categories of goods that had been in greatest demand throughout the pandemic.
US close: Stocks mixed ahead of Fed on Wednesday
Stocks on Wall Street finished Monday’s session as they started, in a mixed state, as investors closed their pocketbooks ahead of the outcome of the Federal Reserve's policy meeting on Wednesday.