Investors cautious ahead of U.S. Jobs data
Non-farm payrolls shake up markets, here are the top 3 scenarios of what could happen.
China rejects ‘inappropriate’ credit downgrade, says it ‘exaggerates difficulties’
24 May 2017 02:16 PM |By CNBC : China has rejected a move by Moody's to lower its credit rating, saying the downgrade exaggerates the difficulties facing the economy and underestimates the government's reform agenda.
U.S. stock futures little changed ahead of Fed minutes
24 May 2017 02:00 PM |By Reuters : U.S. stock index futures were little changed on Wednesday ahead of the Federal Reserve releasing the minutes of its May meeting that will help investors gauge the chances of a rate hike next month.
Trump's proposed US oil reserve sale not an issue for OPEC: Goldman Sachs
24 May 2017 09:31 AM |By Reuters : President Donald Trump's proposal to sell half of the U.S. Strategic Petroleum Reserves (SPR) will likely have little impact on OPEC's efforts to reduce a global oil glut, Goldman Sachs said on Tuesday.
Moody's downgrades China, warns of fading financial strength as debt mounts
24 May 2017 09:09 AM |By Reuters : Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise.
Wall St. set to open higher ahead Trump's budget plan
23 May 2017 03:07 PM |By Reuters : U.S. stocks looked set to open higher on Tuesday, shrugging off a deadly bomb blast in Britain and ahead of U.S. President Donald Trump's first full budget plan that is aimed at slashing government spending and trimming the deficit.
UK leader Theresa May: It's now beyond all doubt that it was a callous terrorist attack
23 May 2017 01:26 PM |By CNBC : The explosion outside Manchester Arena on Monday night that killed 22 people was a "callous terrorist attack", U.K. Prime Minister Theresa May told the media after chairing an emergency security meeting.
Trump sees to slash government spending in budget plan
23 May 2017 09:01 AM |By Reuters : The White House on Tuesday will ask Republicans who control the U.S. Congress - and federal purse strings - to slash spending on healthcare and food assistance programs for the poor as they push ahead on plans to cut taxes and trim the deficit.
Sterling slips after Manchester blast, euro steady, stocks advance
23 May 2017 08:52 AM |By Reuters : Sterling slipped on Tuesday after a suspected suicide attack killed at least 19 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was "too weak".
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