Market Pulse - Usa
Wednesday preview: US FOMC, British American Tobacco in the spotlight
All eyes on Wednesday will be on the results of the US Federal Open Market Committee's two-day meeting.
IMF lowers global GDP forecasts, says risks 'overwhelmingly' tilted to downside
The world's watchdog for financial stability lowered its projection's for global economic growth in 2022 due to tighter central bank policies, Covid-19 lockdowns and the real estate crisis in China, and the war in Ukraine.
US new home sales drop sharply in June
New home sales dropped sharply and by more than expected last month alongside a downwards revision to the prior month's data.
US consumer confidence continues to point to 'recession risks', Conference Board says
US consumer confidence slipped more or less as expected amid concerns about inflation and continued to point to ongoing recession risks, the results of a closely-followed survey showed.
US open: Stocks lower amid earnings onslaught
Wall Street stocks were in the red early on Tuesday as market participants thumbed over a hefty slab of corporate earnings at the bell.
McDonald's posts earnings beat despite Russia exit impact
McDonald’s beat estimates with its second-quarter earnings on Tuesday, boosted by increased prices and a focus on value items, though its net sales fell short thanks to Russia’s ongoing invasion of Ukraine.
3M cuts FY guidance, plans to spin off healthcare business
Industrial giant 3M posted second-quarter earnings and revenue that beat expectations on the Street on Tuesday but cut full-year sales growth and adjusted earnings forecasts and revealed it was looking to spin off its healthcare business.
US pre-open: Futures in the red ahead of more Q2 earnings
Wall Street futures were in the red ahead of the bell on Tuesday as market participants readied themselves for another busy day on the earnings front.
US close: Stocks mixed as investors look to Fed, earnings
Wall Street trading closed mixed but little changed on Monday, as July began to draw to a close with another five days of corporate earnings, as well as a Federal Reserve decision later in the week.