U.S. pending home sales surge to ten-month high ahead of spring
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes jumped to a 10-month high in February, pointing to robust demand for housing ahead of the busy spring selling season.
Energy, consumer shares lift S&P 500 to slight gain
(Reuters) – The benchmark S&P 500 eked out a gain on Wednesday as strength in the energy and consumer sectors offset declines in financial shares and investors began looking ahead to first-quarter earnings season.
Brexit’s cliff edge: ‘business as usual’ not an option
GENEVA (Reuters) – Failure to strike a trade deal with the European Union by a two-year deadline would force Britain to adopt World Trade Organization arrangements, bringing with it a host of new negotiations and complications.
U.S. stocks’ rally may be near peak, but some gains ahead: Reuters poll
NEW YORK (Reuters) – A U.S. stock rally fueled by optimism President Donald Trump will boost the economy may be near its peak, according to a Reuters poll of strategists who forecast U.S. shares will gain less than 3 percent between now and year-end.
UK financial sector proposes untested system to keep EU access
LONDON (Reuters) – Britain’s financial sector is drawing up proposals on how it could still serve EU clients after Brexit, even as firms begin establishing new operations on the continent to keep access to the European market.
Fed’s Evans says he supports one or two more rate hikes this year
FRANKFURT (Reuters) – One of the Federal Reserve’s most consistent supporters of low interest rates on Wednesday said he is with the majority of his colleagues in supporting further rate hikes this year, given progress on the U.S. central bank’s goals …
Firms demand EU deal ensures their survival as May triggers Brexit
LONDON (Reuters) – Carmakers and airlines easyJet and Ryanair demanded Britain secure a Brexit deal which preserves their access to Europe, warning any barriers to trade could risk the future of car plants and ground flights between the UK and the cont…
Daimler accelerates electric car program
BERLIN (Reuters) – Mercedes-Benz owner Daimler is accelerating its electric car program, it said on Wednesday after announcing that it had failed to cut fleet emissions in Europe for the first time since 2007.
UK-based banks already knocking on Germany’s door: Bundesbank
FRANKFURT (Reuters) – Banks seeking to leave London because of Brexit are already holding talks about moving to Frankfurt but they will not be offered any special exemption from the regulations, a senior board member of Germany’s central bank told Reut…
EU vetos Deutsche Boerse-London Stock Exchange merger deal
BRUSSELS (Reuters) – An attempted merger between the German and British stock exchanges was struck down by European regulators on Wednesday, formally ending a deal that unraveled in the wake of Britain’s vote to leave the European Union.
