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Euro zone yields up as trade war fears recede, ECB rate cut bets lowered
Bond yields rise on expectations for lower US-China tariffsTraders scale back bets on ECB rate cutsPMI data suggest no immediate damage to euro area economyFrench yield gap unchanged after Macron floats idea of early electionsBy Stefano Rebaudo and Lucy Raitano April 23 (Reuters) - Euro area gove...Reuters
Wed, Apr 23
US natgas futures prices decline on worries about AI power demand growth
April 23 (Reuters) - U.S. natural gas futures NGc1 have fallen from a 26-month high hit last month in part due to investor worries that slower economic growth could reduce the amount of gas needed to power data centers and artificial intelligence (AI) in coming years.Reuters
Wed, Apr 23
NextEra Energy rises on Q1 profit beat
Utility firm NextEra Energy's NEE.N shares up 1.6% to $67.71 premarket. Company beats Q1 estimates, helped by rate hikes at its electric utility and increased power demand. NEE's unit Florida Power & Light reports a profit of $1.31 billion compared with $1.17 billion a year earlier ...
Reuters
Wed, Apr 23
Boeing up on smaller-than-expected Q1 loss
Shares of Boeing BA.N rise more than 5% to ~$171.5 premarket. BA posted a smaller-than-expected Q1 loss, helped by higher jet deliveries. Q1 adj. loss of 49 cents vs estimates of $1.29 loss- data compiled by LSEG. The company says it wants to boost output of its strong-selling 737 MAX jets to ...
Reuters
Wed, Apr 23
Intel rises after report says chipmaker to slash over 20% of workforce
U.S. chipmaker Intel's INTC.O shares rise 4.7% to $20.42 premarket. INTC is set to unveil plans this week to slash more than 20% of its workforce, Bloomberg News reported on Tuesday, citing people familiar with the matter** Co is set to report Q1 2025 results on Thursday; quarterly results w...
Reuters
Wed, Apr 23
Solana and Sui surge, igniting interest in DeFi as TVL rebounds
Altcoins like Solana (SOL) and Sui gain strength on Wednesday, buoyed by several factors, including a significant recovery in the networks' Total Value Locked (TVL) in Decentralized Finance (DeFi). Moreover, open interest in the derivatives market and rising trading volume signal trader confidence..
Fxstreet
Wed, Apr 23
Apple fined $570 million and Meta $228 million for breaching EU law
BRUSSELS, April 23 (Reuters) - Apple AAPL.O was fined 500 million euros ($570 million) on Wednesday and Meta META.O 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.
Reuters
Wed, Apr 23
Lilly sues four compounders over copies of weight-loss drugs
April 23 (Reuters) - Eli Lilly LLY.N said on Wednesday it had sued four compounders for selling unapproved products containing tirzepatide, after a U.S. judge last month blocked pharmacies from making copies of its weight-loss and diabetes medicines.odu...
Reuters
Wed, Apr 23
Flight from Dollar Assets Forces Trump to Back Down: High Tariffs and Threats to Fire Fed Chair Powell Eased
TradingKey - After two weeks of a massive flight from dollar assets, U.S. President Donald Trump’s relentless pursuit of high tariffs and his controversial plan to challenge the dollar's dominance by threatening to fire Federal Reserve Chair Jerome Powell have proven unsustainable.
Is Tesla's Q1 Earnings Report a Turning Point? Musk to Resign from DOGE as Tariff War Eases
TradingKey - Despite electric vehicle leader Tesla (TSLA.US) posting disappointing results for the first quarter of 2025, with both revenue and profits declining, the two major "headaches" that have been worrying the market seem to be on the verge of being resolved: CEO Elon Musk is set to step...
TradingKey
Wed, Apr 23
BOJ calls on Japan banks to be vigilant against trade policy risks
TOKYO, April 23 (Reuters) - Japanese banks must monitor various risks associated with high levels of uncertainty over global trade policies, the Bank of Japan said on Wednesday, as U.S. President Donald Trump's tariffs have rocked financial markets in recent weeks.Reuters
Wed, Apr 23
Economic worries could weigh on airline results as European bookings drop
LONDON, April 23 (Reuters) - European airlines are set to report first-quarter results in the coming weeks, offering outlooks for the lucrative travel season amidst growing worries that economic uncertainty could slow demand and threaten earnings.Reuters
Wed, Apr 23
PRECIOUS-Gold falls as Trump backs down from threat to fire Fed chief
Spot gold hit $3,500 per ounce on TuesdayNo plans to dismiss Fed's Powell, Trump saysTrump says China tariffs will fall substantially after a dealBy Anmol Choubey April 23 (Reuters) - Gold prices fell more than 2% on Wednesday as U.S. President Donald Trump backed down from threats to dismiss...Reuters
Wed, Apr 23
EXCLUSIVE-China EV giant BYD reboots Europe operations after strategic stumbles, sources say
China's EV leader expanded to Europe with high expectations but saw slow initial salesBYD sources said company was slow to offer hybrids, expand dealer networkBYD has moved swiftly to address problems, hire European execs with local-market knowledgeBy Giulio Piovaccari and Nick Carey MILAN/SH...Reuters
Wed, Apr 23
Japan's Nikkei ends at 3-week high on Wall Street rebound, tech boost
TOKYO, April 23 (Reuters) - Japan's Nikkei hit a three-week closing high on Wednesday as a strong rebound in Wall Street prompted investors to scoop up technology and auto shares.The Nikkei .N225 reached an intraday peak of 35,142.12 before ending the session up 1.89% at 34,868.63, its highest ...Reuters
Wed, Apr 23
Enphase Energy misses quarterly profit estimates, forecasts weak Q2 revenue
April 22 (Reuters) - Solar inverter maker Enphase Energy ENPH.O on Tuesday missed analysts' estimates for first-quarter profit, hit by softening U.S. demand, and forecast second-quarter revenue below market estimates.Shares dropped 12.5% in after market trading.The company's battery shipment...Reuters
Wed, Apr 23
WTI extends gains to near $64.00 on Iran sanctions, falling US inventories
West Texas Intermediate (WTI) Oil price extends its rally for a second straight session, trading around $63.90 per barrel during Asian hours on Wednesday. The continued rise in Oil prices comes amid fresh United States (US) sanctions on Iran and signs of tightening supply.
Fxstreet
Wed, Apr 23
Japan's Nikkei tracks Wall Street rebound, jumps to three-week high
TOKYO, April 23 (Reuters) - Japan's Nikkei share average climbed to a three-week high on Wednesday as a strong rebound in Wall Street prompted investors to scoop up local heavyweight technology stocks.The Nikkei .N225 hit a peak of 35,142.12, its highest level since April 2, before ending the mo...Reuters
Wed, Apr 23
Hong Kong stocks near 3-week high on trade hopes, Trump's Fed assurance
SHANGHAI, April 23 (Reuters) - Hong Kong shares climbed to a near three-week peak on Wednesday, tracking global peers higher, amid optimism over potential de-escalation in Sino-U.S. trade tensions and U.S. President Donald Trump's assurance that he won't fire Federal Reserve chief.** Mainlan...
Reuters
Wed, Apr 23
Tesla rises as investors cheer Musk reducing time with DOGE
Tesla TSLA.O rises 3.3% to $245.71 in extended trading. Billionaire CEO Elon Musk says he will scale back his government role starting in May. Musk expects his time allocation to the cost-cutting Department of Government Efficiency initiative to drop significantly ** There has been significant...Reuters
Wed, Apr 23
Intel to cut over 20% of workforce, Bloomberg News reports
April 22 (Reuters) - Intel INTC.O is set to unveil plans this week to slash more than 20% of its workforce, in a move to streamline operations and reduce bureaucratic inefficiencies, Bloomberg News reported on Tuesday, citing a person familiar with the matter.The layoffs are part of a broader strateReuters
Wed, Apr 23
