Latest Business News
US Preliminary GDP and PCE Inflation Data Released Today
Investors await preliminary US GDP data and latest PCE inflation figures, key for Fed policy signals amid persistent inflation risks. These releases coincide with Eurozone CPI and GDP data, heightening global market volatility.
High capital costs and commodity volatility add to the intrigue for currencies and bonds.
ECB and Bank of England Announce Key Decisions
European Central Bank and Bank of England deliver interest rate decisions today, impacting Euro Stoxx 50 and growth stocks. Decisions follow preliminary CPI for Eurozone, assessing inflation resilience.
Markets watch for signals on rate paths amid global economic data.
Big Tech Earnings: Alphabet, Amazon, Meta, Microsoft Report
Alphabet, Amazon, Meta, and Microsoft release earnings after the bell, potentially setting market direction. This busiest earnings day includes over 14 major reports, focusing investor attention.
AI spending plans and revenue growth are key highlights.
US Signals Extended Naval Blockade of Strait of Hormuz
President Trump prepares for prolonged US naval blockade of Iranian ports to curb oil exports, per WSJ. This less risky option than bombing pressures Tehran amid Hormuz crisis.
Oil markets volatile as global traders assess supply disruptions.
UAE Exits OPEC After 60 Years, Shocking Partners
UAE's decision to leave OPEC after six decades blindsides partners, challenging cartel's relevance in shifting oil market. Move follows Hormuz tensions, impacting global oil dynamics.
Brent crude remains in focus amid blockade news.
Brazil Central Bank Interest Rate Decision at 00:30 MSK
Brazil's central bank announces interest rate decision, crucial for emerging market currencies and carry trade. Signals risk appetite in volatile commodity and equity segments.
Ties into broader global growth assessments.
China April PMI Data: Manufacturing, Services, Composite
China releases Manufacturing, Services, and Composite PMI for April at 04:30 MSK, reflecting second-largest economy's health. Key for Asian tech sector and industrial corporations.
Influences Nikkei 225 and regional markets.
Eli Lilly, Mastercard, Caterpillar Lead S&P 500 Earnings
Major US firms like Eli Lilly, Mastercard, Caterpillar, Merck report before market open. Block includes ConocoPhillips, Bristol Myers Squibb, and others amid oil volatility.
Earnings test corporate resilience in high-cost environment.
UBS Reports 80% Q1 Profit Surge and More Buybacks
UBS CEO highlights 80% Q1 profit jump to over $3B, driven by 30% investment banking revenue growth. Signals additional buybacks; contrasts Barclays' fixed income woes.
European bank earnings beat estimates broadly.
Santander Acquires Webster Bank; Deutsche Bank Earnings Beat
Santander CFO discusses Webster Bank acquisition alongside Q1 results. Deutsche Bank and UBS also exceed estimates in busy European earnings.
Mideast risks factor into bank outlooks.
Kone to Acquire TK Elevator in Major Deal
Kone announces acquisition of TK Elevator, boosting industrial sector consolidation. Deal highlights amid European earnings and geopolitical tensions.
Impacts machinery and construction markets.
GSK Profit Beats Expectations; Insurance Costs Soar
GSK reports profits surpassing forecasts in pharma earnings wave. Marsh CEO notes soaring insurance costs from Hormuz crisis.
Jamie Dimon warns of credit and debt market risks.