News
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Traders trim UK rate cut bets as Bank of England flies blind on tariffs
Traders trim expectations of further rate cutsBoE vote split, statement seen as slightly hawkishShort-dated gilt yields riseBy Harry Robertson and Naomi Rovnick LONDON, March 20 (Reuters) - UK markets dialled down wagers on further Bank of England rate cuts on Thursday after the central bank held...Reuters
Thu, Mar 20
CORRECTED-PREVIEW-Nike to post worst revenue fall in 5 years on stagnant demand
By Nicholas P. Brown and Ananya Mariam Rajesh March 19 (Reuters) - Nike NKE.N is expected to post its steepest revenue decline in nearly five years in its quarterly results on Thursday, as its new products failed to open the wallets of Americans reluctant to snap up non-essential items like sport...Reuters
Thu, Mar 20
Nvidia-backed CoreWeave targets up to $32 billion valuation in test for AI IPOs
IPO market hopes for AI-driven revival CoreWeave aims to raise as much as $2.7 billion Debut to test investor appetite for companies riding AI waveBy Manya Saini and Niket Nishant March 20 (Reuters) - CoreWeave is targeting a valuation of up to $32 billion on a fully diluted basis in its U.S. in...Reuters
Thu, Mar 20
US STOCKS-Wall St set to open lower as Fed boost proves short-lived
March 20 (Reuters) - U.S. stock indexes were set to open lower on Thursday, as worries about the fallout of U.S. tariff policies crept back into markets a day after the Federal Reserve stuck to its monetary easing plans for the year but warned of an uncertain economic backdrop.Reuters
Thu, Mar 20
PRECIOUS-Gold eases from record high as investors book profits
Gold hits record high of $3,057.21/ozTraders book profits, analyst says Weakness below $3,030 may trigger further decline, analyst saysBy Rahul Paswan and Sarah Qureshi March 20 (Reuters) - Gold prices retreated from a new record high on Thursday as investors booked profits after the latest leg o...Reuters
Thu, Mar 20
NatWest seals milestone UK banking collaboration with OpenAI
LONDON, March 20 (Reuters) - NatWest NWG.L and OpenAI have joined forces to enhance the lender's digital assistants and customer support processes using artificial intelligence, in the first collaboration of its kind with a UK-headquartered bank.Reuters
Thu, Mar 20
US Dollar stronger on Fed keeping its projections for 2025
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, rallies towards 104.00 on Thursday after the Federal Reserve (Fed) kept borrowing costs unchanged and projected two interest rate cuts for 2025. During Wednesday’s Fed meeting, Chairman...Fxstreet
Thu, Mar 20
SoftBank Acquires Ampere Computing to Solidify AI Strategy
TradingKey - SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a startup focused on designing server chips based on Arm architecture, for $6.5 billion. The Japanese conglomerate anticipates that the transaction will be completed in the second half of 2025.
TradingKey
Thu, Mar 20
BoE set to shelve interest rate cuts as US tariff narrative leads to uncertainty
The Bank of England (BoE) is set to reveal its monetary policy decision on Thursday, marking the second meeting of 2025.Expectations are high among market watchers that the central bank will keep its benchmark rate at 4.50%, following a 25 basis point reduction in the previous month.Fxstreet
Thu, Mar 20
METALS-Copper hovers near more than five-month high on anticipated US tariffs
SHANGHAI, March 20 (Reuters) - Copper prices on the London Metals Exchange hovered near their highest levels in more than five months on Thursday, with markets watching out for potential U.S. tariffs on the metal.Reuters
Thu, Mar 20
Asia stocks rise after Fed hold; China hit by tech profit-taking
Investing.com-- Most Asian stocks rose on Thursday, tracking gains on Wall Street after the Federal Reserve offered no surprises in its rate decision, while Chinese markets lagged after a stellar rally gave way to profit-taking.
Investing.com
Thu, Mar 20
PRECIOUS-Gold scales record peak as Fed signals two rate cuts in 2025
Gold hits record high of $3,057.21/ozFed holds benchmark rate Bullion has logged 16 record highs so far in 2025 By Anjana Anil March 20 (Reuters) - Gold touched an all-time high on Thursday as the U.S. Federal Reserve signalled two possible interest rate cuts this year, adding to the bulli...Reuters
Thu, Mar 20
WRAPUP 8-Fed in no rush to cut rates; Trump disagrees
US central bank keeps policy rate in 4.25%-4.50% rangePolicymakers anticipate two rate cuts in 2025Economic growth seen at 1.7% in 2025, inflation higher at 2.7%By Howard Schneider and Ann Saphir WASHINGTON, March 19 (Reuters) - The Trump administration's initial policies, including extensive...Reuters
Thu, Mar 20
Dollar steady as Fed's rate cut view calms market nerves
SINGAPORE, March 20 (Reuters) - The dollar steadied near five-month lows on Thursday after the Federal Reserve indicated rate cuts were likely later this year despite uncertainties around U.S. tariffs, while the pound hit a four-month high ahead of the Bank of England's policy decision.Reuters
Thu, Mar 20
Argus upgrades Restaurant Brands on global growth, calls stock undervalued
Investing.com-- The People’s Bank of China left its benchmark loan prime rate unchanged on Thursday, in line with market expectations as Beijing looks to dole out more fiscal measures, instead of monetary easing, to support economic growth.Investing.com
Thu, Mar 20
