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2023-06-07 02:00 PM GMT
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Sterling hits five-month high against euro before BoE decision
LONDON (Reuters) - The pound rose to a five-month high against the euro on Wednesday as traders bet a rate hike from the Bank of England on Thursday will not be the last. .
Crypto firms call for global consensus instead of ’fire hose’ of rules
LONDON May 10 (Reuters) - A ’fire hose’ of differing regulatory approaches to cryptoassets lack the global consensus needed to attract established investors that would create a maturer market a conference was told on Wednesday.. .
Dollar slips after U.S. inflation data
SINGAPORE May 10 (Reuters) - The U.S. dollar fell against a basket of currencies on Wednesday after consumer price index data showed inflation has slowed more than expected adding to the likelihood that the Federal Reserve could slow the pace of interest rate hikes. .
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Gold pulls back as US inflation data looms
Gold prices eased on Wednesday after rising in the previous two sessions as investors positioned for April U.S. inflation data which could have a bearing on the Federal Reserve’s interest rate policy.. .
SMM Evening Comments
SHANGHAI May 10 - Shanghai nonferrous metals closed mostly with losses in day trading. The US dollar index dropped but the US debt ceiling negotiations failed to make new progress. The market waited for further guidance from the US CPI data to be released tonight. Economists expect the US core CPI to rise by 5.5% year-on-year in April.. .
SHFE Lead Bounces Back Today
SHANGHAI May 10 (SMM) - SHFE 2306 lead opened at 15310 yuan/mt and hovered around 15290 yuan/mt. At last it closed at 15285 yuan/mt up 0.16%. The open interest added 2095 lots to 63335 lots from the previous trading day and the trading volume grew 147 lots to 38658 lots.. .
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Icahn Enterprises shares slide on surprise quarterly loss
(Reuters) -Icahn Enterprises LP on Wednesday reported a surprise quarterly loss as volatility in markets hit returns on its investments sending the shares of the company owned by billionaire Carl Icahn down nearly 8% before the bell.. .
PayPal stock cut at Edward Jones removed from Focus List after results
Edward Jones analysts downgraded PayPal (NASDAQ:PYPL) shares to Hold from Buy after “weaker quarterly results.” The analysts also removed it from Edward Jones’ ‘Stock Focus List’.. .
Wall St set to open higher on signs of easing inflation
Wall Street’s main indexes were set to open higher on Wednesday as U.S. consumer prices rose at a slightly slower-than-expected pace last month in a sign that the Federal Reserve’s rapid interest rate hikes were yielding result.. .