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Morningstar says cost savings from Auswide merger to boost profit growth for Australia's MyState
Morningstar expects strong earnings growth for MyState MYS.AX in fiscal 2026 and 2027, with cost savings from the February 2025 acquisition of Auswide Bank underpinning the earnings growth forecastsHowever, the market is likely awaiting further progress on cost-out from merger integration, adds the ...Reuters
Wed, Dec 10
US STOCKS-Indexes close higher after Fed cuts interest rates
Indexes rally after Federal Reserve policy updateFed cuts rates by 25 basis points GE Vernova surges after bullish 2026 revenue forecastOracle, Broadcom results awaited this weekBy Sinéad Carew and Johann M Cherian Dec 10 (Reuters) - Wall Street ended higher on Wednesday, after the Federal Reser...Reuters
Wed, Dec 10
EMERGING MARKETS-LatAm assets fall on Fed policy outlook; Brazil rate verdict also on tap
Stocks down 0.2%, currencies fall 0.25%Brazil's 12-month inflation slows in NovemberChile heads for presidential run-off on SundayMexico's economy resilient as domestic risks rise, cenbank saysBy Niket Nishant and Nikhil Sharma Dec 10 (Reuters) - Latin American assets edged down on W...Reuters
Wed, Dec 10
PRECIOUS-Gold gains after Fed rate cut, silver hits all-time peak
US central bankers split, with median seeing one rate cut in 2026Fed's Powell says rate policy well positionedSilver hits record high of $61.85/ozBy Ashitha Shivaprasad and Anushree Mukherjee Dec 10 (Reuters) - Gold prices reversed course to rise on Wednesday after the Federal Reserve’s rate ...Reuters
Wed, Dec 10
GLOBAL MARKETS-Stocks add to gains, yields extend declines as Fed cuts rates
Fed cuts rates by 25bps Stocks up, dollar stays lowerPowell says rate policy well positionedBy Caroline Valetkevitch NEW YORK, Dec 10 (Reuters) - Major stock indexes added to gains while U.S. Treasury yields extended declines on Wednesday after the Federal Reserve cut interest rates and signalled...Reuters
Wed, Dec 10
SOFTS-Cocoa hits one-month high ahead of index entry
LONDON, Dec 10 (Reuters) - Cocoa futures on the ICE exchange hit one-month highs on Wednesday amid market chatter that the contracts' inclusion in a major commodities index next year will boost prices. COCOANew York cocoa CCc2 settled $339, or 5.8%, higher at $6,221 a metric ton, having h...Reuters
Wed, Dec 10
US STOCKS-S&P 500 gains ground after Fed cuts interest rates
Indexes: Dow up 0.61%, S&P 500 up 0.27%, Nasdaq down 0.06%Federal Reserve cuts rates by 25 basis pointsGE Vernova surges after bullish 2026 revenue forecastOracle, Broadcom results awaited this weekBy Sinéad Carew and Johann M Cherian Dec 10 (Reuters) - The S&P 500 gained ground on Wedne...Reuters
Wed, Dec 10
Fed's Powell: Outlook for Employment and Inflation Have Not Changed Much; Inflation Has Eased but Remains "Somewhat Elevated"
Powell says that available data show that the outlook for employment and inflation have not changed much since the last meeting. He nods to the disruption of data due to the federal shutdown.Powell emphasizes that the decision about upcoming Treasuries purchases is solely related to the purpose of m...Tiger News
Wed, Dec 10
Broadcaster Televisa jumps on reports of AT&T unit offer
Shares in Mexican broadcaster Televisa TLEVISACPO.MX climb 7% at mid-day after a local media report that the firm could be close to purchasing AT&T's local unit for between $3 billion and $4 billionColumnist Dario Celis at newspaper El Heraldo de Mexico reported on Tuesday that Televisa'...Reuters
Wed, Dec 10
LIVE MARKETS-Stocks gain, yields little changed after Fed's hawkish cut
Dow, S&P 500 add to gains after Fed; Nasdaq pares lossesIndustrials lead sector gainers; Comm srvcs lagFed cuts rates and signals pauseCrude up; gold ~flat; dollar, bitcoin downUS 10-year Treasury yields little changed after Fed at 4.17%Welcome to the home for real-time coverage of markets broug...Reuters
Wed, Dec 10
U.S. STOCKS ON THE MOVE-SharkNinja, Academy Sports and Outdoors, Adobe
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes were mixed on Wednesday, ahead of a closely watched Federal Reserve decision widely expected to deliver a rate cut, while investors grew uncertain over the ext...Reuters
Wed, Dec 10
SharkNinja up after TD Cowen initiates with 'buy'
Shares of home appliance maker SharkNinja SN.N rise as much as 2.5% to $112.86 Brokerage TD Cowen initiates rating on stock at "buy"; sets PT of $135Brokerage sees opportunities for greater shareholder value "with a potential share buyback program leveraging strong cash generation"Se...Reuters
Wed, Dec 10
GLOBAL MARKETS-Stocks inch up, dollar declines as investors prepare for Fed
Fed seen cutting 25bps, focus on dots and Powell Silver bursts above $60 an ounceYields, dollar slipBy Caroline Valetkevitch and Amanda Cooper NEW YORK/LONDON, Dec 10 (Reuters) - Major stock indexes mostly edged higher while the dollar dipped on Wednesday as crunch time neared for a divided Feder...Reuters
Wed, Dec 10
Truist raises PT on Academy Sports & Outdoors to $57
Truist Securities raises PT on sporting goods retailer Academy Sports and Outdoors ASO.O to $57 from $50New PT represents a 7.4% upside to stock's last closeTruist cites better-than-expected margins in the third quarter, along with encouraging results from new stores and ecommerceSays new stores...Reuters
Wed, Dec 10
European shares flat ahead of Fed decision; investors assess mixed corporate updates
Fed rate decision due at 2 p.m. EST (1900 GMT)Delivery Hero gains after saying it evaluates strategic optionsAegon falls after announcing U.S. relocation plansRenewable energy firm set to extend Tuesday's gains By Purvi Agarwal and Ragini Mathur Dec 10 (Reuters) - European shares ended flat o...Reuters
Wed, Dec 10
Cardinal Infrastructure valued at $842 million as shares rise in Nasdaq debut
Dec 10 (Reuters) - Cardinal Infrastructure Group's CDNL.O shares rose 9.5% in their Nasdaq debut on Wednesday, giving the construction services provider a valuation of $842 million. The shares of the construction firm opened at $23, above their initial public offering price of $21 apiece. Cardin...Reuters
Wed, Dec 10
Banks support FTSE 100 ahead of Fed decision
FTSE 100 up 0.1%, FTMC down 0.4% Fed seen cutting rates, doubts remain on future pathHSBC, Standard Chartered climb after BofA upgrade Dec 10 (Reuters) - Britain's blue-chip FTSE 100 edged up on Wednesday, supported by gains in banking stocks as investors awaited the U.S. Federal Reserve'...Reuters
Wed, Dec 10
LIVE MARKETS-The Fed’s decision is due, how many policymakers will dissent?
Dow, S&P 500 up; Nasdaq downCons disc lead sector gainers; tech lagsFed expected to cut rates on WedSTOXX 600 flatCrude, dollar, gold, bitcoin all downUS 10-year Treasury yields ease to 4.16%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share ...Reuters
Wed, Dec 10
PRECIOUS-Gold slips ahead of Fed's rate decision; silver drifts near record high
Fed expected to cut rates, decision due at 2 p.m. ETMarkets pricing in 89.6% chance of a rate cutSilver hits record high of $61.61/ozBy Sarah Qureshi and Anushree Mukherjee Dec 10 (Reuters) - Gold prices edged lower on Wednesday as investors booked profits ahead of the U.S. Federal Reserve's ...Reuters
Wed, Dec 10
