Bhinneka News Online: Reuters Before the Bell: Fed rate-cut signal sends stocks up, bond yields and dollar down

Thursday 20 June 2019

Reuters Before the Bell: Fed rate-cut signal sends stocks up, bond yields and dollar down

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Thursday, June 20, 2019

Fed rate-cut signal sends stocks up, bond yields and dollar down

World stock markets rose on Thursday after the U.S. Federal Reserve signaled it was likely to cut interest rates next month. The dollar fell and benchmark bond yields dropped to multi-year lows.

Futures power higher on Fed effect

U.S. stock index futures jumped on Thursday after the Federal Reserve indicated that it was ready to cut interest rates as soon as next month to counter growing risks to global and domestic growth.

China, U.S. to resume trade talks but China says demands must be met

Top Chinese and U.S. officials will resume trade talks in accordance with the wishes of their leaders, but China hopes the United States will create the necessary conditions for dialogue, the Chinese commerce ministry said on Thursday.

From T-shirts to ice cream, Kroger pushes house brands in grocery wars

Multicolored, sparkly ice cream is an unlikely battleground in U.S. grocery stores. But Kroger Co believes products like Kroger Best Unicorn Swirl ice cream will help it win market share from Walmart Inc, Aldi and Amazon.com Inc.

Boeing in talks for more 737 MAX orders after IAG

Boeing is in talks with other airlines for sales of its grounded 737 MAX after receiving a letter of intent for 200 planes from British Airways owner IAG at the Paris Airshow, its sales chief said on Thursday.

Slack to take unusual route to public markets, likely valuing it around $16 billion

Slack Technologies, the fast-growing workplace messaging and communication platform, is poised for an unusual public listing on Thursday that will see it trade on the New York Stock Exchange and could value it at around $16 billion, according to a person familiar with the matter.

Oil jumps 3% to $63 as Iran shoots down U.S. drone in Gulf

Oil rose by more than 3% to above $63 a barrel on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington.

Deutsche Bank faces FBI investigation for possible money-laundering lapses: source

The U.S. Federal Bureau of Investigation is examining whether Deutsche Bank complied with laws meant to stop money laundering, a person with knowledge of the matter said on Thursday.

Airbus: did not get chance to bid for the MAX order IAG gave to Boeing

Airbus confirmed on Thursday that it had not been offered a chance to bid for a surprise aircraft order announced by British Airways owner IAG at the Paris Airshow, involving 200 of the grounded 737 MAX.

GSK offers concessions to address EU concerns over Pfizer deal

GlaxoSmithKline has offered concessions to address EU antitrust concerns over its planned joint venture with Pfizer's consumer health business, the European Commission said on Thursday.