Will the Mueller report roil the stock market? Here’s what it would take

Investors have largely ignored the political drama that has accompanied the first two years of the Trump administration, but equity strategists and analysts say markets may soon have to deal with its ramifications, as Special Counsel Robert Mueller reportedly nears the end of his investigation into possible ties between the Trump campaign and Russian meddling in the 2016 election. President […]

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Stock-market analyst who called 2018 rout says if earnings are weak, ‘I don’t think stocks are going to look through it’

Morgan Stanley’s chief equity strategist Michael Wilson says the Federal Reserve’s Wednesday decision underlined the central bank’s uber-dovish stance, which means corporate earnings are going to be paramount for stock-market investors. Speaking to CNBC on Thursday morning, the strategist said the Fed statement was “kind of the full capitulation” by the Federal Open Market Committee, after it left rates unchanged, […]

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Gold on track to log 3-week high on dovish Fed even as dollar jumps

Gold prices on Thursday extended a climb that began in the after-hours electronic trading session, on track to log their highest finish in three weeks, in the wake of the Federal Reserve’s dovish policy statement. On Wednesday, after gold futures settled, the central bank left interest rates unchanged as expected and signaled no further increase in interest rates this year […]

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EU agrees watered-down reform of finance supervision

BRUSSELS, March 21 (Reuters) – European Union governments and lawmakers agreed on Thursday a watered-down reform of the bloc’s financial supervisors that will slightly strengthen the EU watchdogs but will leave large powers in the hands of national authorities. The plan, initially proposed by the EU executive Commission in 2017, was meant to beef up EU-wide supervision in a bid […]

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Philadelphia Fed’s Factory Outlook Is Weakest in Three Years

The six-month outlook for manufacturing in America’s mid-Atlantic region slumped to a three-year low, another sign that expectations for weaker global growth may be weighing on producers. The Federal Reserve Bank of Philadelphia’s index for future activity fell 9.5 points to 21.8 in March, dragged down by lower readings for expectations for shipments and new orders, according to the report […]

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London markets higher on optimism around miners

London markets gained as investors digested a positive U.K. retail sales surprise and a third vote on the Brexit transition agreement began to look more likely, news that roiled the pound. The FTSE 100 UKX, +0.37%UKX, +0.37% rose 0.3% to 7,311 as U.K. retail sales surpassed expectations, erasing Wednesday’s decline of 0.45%. The U.S. Federal Reserve’s dovish announcement Wednesday also […]

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Stocks attempt post-Fed bounce as Wall digests dovish stance; Levi Strauss set for its IPO

U.S. stocks opened lower on Thursday but soon cut early losses, as investors digest the Federal Reserve’s downgrade of the domestic economic outlook for 2019, citing sluggish global expansion. As expected, the central bank kept its key rate at a range of 2.25% and 2.50%, but a more dovish policy stance than investors has undercut the buying appetite on Wall […]

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Solar and wind firms call the 'Green New Deal’ too extreme

WASHINGTON/LOS ANGELES (Reuters) – U.S. solar and wind power companies may have the most to gain from the Green New Deal, an ambitious proposal backed by several Democratic presidential candidates to end U.S. fossil fuel consumption within a decade. But do not expect the renewable energy firms to endorse it. Representatives of America’s clean energy companies are withholding their support […]

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