News Highlights: Top Global Markets News of the Day - Thursday at 1 PM ET
S&P 500 Moves Higher as Earnings Roll In
U.S. stocks rose as investors await Apple's quarterly results among other earnings.
U.S. productivity slumps in first quarter
Productivity had been a bright spot for the economy over the past year and today's data dims the outlook.
Bank of Canada Gov. Macklem Acknowledges Limits on Rate-Policy Divergence From Fed
"Clearly, if we cut interest rates and that weakens the Canadian dollar, that is something you have to take into account," Macklem said.
Jobless claims inch up to 208,000. Layoffs still extremely low.
The number of Americans who applied for unemployment benefits last week barely rose to 208,000, indicating that layoffs remain at extremely low levels associated with a sound economy.
Elliott and Warren Buffett Are Now Both Bullish on Japan
Hedge fund Elliott has built a position in Sumitomo, joining Berkshire Hathaway. The trading firm's shares are up 10% this week.
Canada Swings to Goods-Trade Deficit as Exports Drop
Canada unexpectedly posted a goods-trade deficit in March after a slump in exports erased gains made the month before, led by a retreat in gold shipments and declines in the automotive industry.
FTC Says Ex-Pioneer CEO Tried to Collude With OPEC on Oil Prices
The allegations come as Exxon Mobil struck an agreement with antitrust enforcers not to add the former Pioneer CEO to its board, allowing Exxon to close a deal to acquire Pioneer.
U.S. trade deficit hovers near highest level in almost a year
The trade deficit was flat in March at a nearly one-year high, capping off a first quarter in which a bigger shortfall acting as a drag on the official measure of U.S. economic growth.
The Treasurys Market Is Getting Squeezed From All Sides
Inflation and deficits are lifting yields and jarring the stock market.
BOJ Data Suggest Second Yen Intervention This Week
Japan likely carried out a second round of significant yen-buying intervention this week, according to a calculation based on data from the Bank of Japan and private money brokers.
(END) Dow Jones Newswires
May 02, 2024 13:15 ET (17:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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