Wall Street pares gains in volatile trade; investors turn to defensives
Wall Street’s three main indexes gave up most of their earlier gains in volatile trading on Friday that traders blamed on the expiration of stock futures and options, with only the defensive sectors of the market staying consistently higher, highlighti…
EU watchdog to rule on data exchange among market regulators
The European Union’s data watchdog will decide in coming weeks if financial regulators around the world can routinely swap information to keep markets clean without getting tangled up in the EU’s new data protection regime.
Nike shares rise as strong quarterly results allay China demand concerns
Nike Inc shares rose 9 percent on Friday, after the company’s solid quarterly results eased worries that escalating trade tensions between Washington and Beijing would weigh on China demand and hurt the sportswear maker’s growth story.
Williams says Fed policy views could change, listening to markets
The Federal Reserve is open to reassessing its views and listening to market signals that the U.S. economy could fall short of expectations, but for now further rate hikes appear appropriate and it is not yet ready to reconsider its portfolio-trimming …
Wall Street rises in volatile trading led by defensive stocks
Wall Street rose in volatile trading on Friday, after two days of heavy losses, with the biggest gains coming in defensive sectors, showing concerns that slowing global growth and the threat of a U.S. government shutdown weighed on investors’ minds.
Global stock indices edge lower as U.S. government shutdown looms
World stock markets continued a week-long sell-off on Friday as the threat of a U.S. government shutdown and further hikes in U.S. borrowing costs compounded investor anxiety that global economic growth is slowing.
Exclusive: Global traders halt new Iran food deals as U.S. sanctions bite – sources
Cargill, Bunge and other global traders have halted food supply deals with Iran because new U.S. sanctions have paralyzed banking systems required to secure payments, industry and Iranian government sources say.
U.S. third-quarter growth trimmed; business spending slowing
The U.S. economy slowed slightly more than previously estimated in the third quarter and momentum appears to have moderated further in the fourth quarter, with new orders and shipments of manufactured capital goods falling in November.
Futures pare losses after U.S. GDP data
U.S. stock futures were slightly lower on Friday, cutting earlier losses after encouraging economic data, but were still pressured by worries over slowing global growth and the threat of a U.S. government shutdown.
U.S. auto sales seen falling 1 percent in Dec – J.D. Power, LMC
The pace of U.S. vehicle sales is set to slow for the sixth straight month in December despite aggressive discounts from manufacturers, according to industry consultants J.D. Power and LMC Automotive.
