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ECB's Lagarde determined to complete her term, spokesperson says
FRANKFURT, May 28 (Reuters) - Christine Lagarde is determined to complete her eight-year term as president of the European Central Bank, the ECB said on Wednesday after the Financial Times reported that she held talks about leaving early to lead the World Economic Forum.The newspaper said Lagarde, wReuters
Wed, May 28
Cryptocurrencies
Australia considers rate cuts as inflation holds, New Zealand lowers rate to 3.25%
Australia keeps room for more rate cuts as inflation sticks, while New Zealand’s Reserve Bank trimmed its benchmark rate by 25 basis points to 3.25%. The Australian Bureau of Statistics said on Wednesday that the monthly consumer price index in April rose 2.4% from a year earlier, the same pace as in March and a […]Cryptopolitan
Wed, May 28
Stocks
U.S. STOCKS ON THE MOVE-Abercrombie & Fitch, Boston Scientific, DoorDash
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street was set for a subdued open on Wednesday after a sharp rally in the previous session, when cooling trade tensions boosted sentiment, as investors awaited AI leader Nvidia's re...Reuters
Wed, May 28
Forex
INR gains modestly as USD/INR dips from 85.70, market eyes on US data
The Indian Rupee (INR) is showing a modest strength against the US Dollar (USD) during the North American session on Wednesday, recovering from early losses seen in Asian trading hours after USD/INR touched an intraday peak near 85.70.Fxstreet
Wed, May 28
Commodities
CBOT Trends-Wheat up 2-3 cents, corn steady-up 1, soybeans down 3-4
CHICAGO, May 28 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday. WHEAT - Up 2 to 3 cents per bushelCBOT wheat futures rose after U.S. crop ratings came in below market expec...Reuters
Wed, May 28
Cryptocurrencies
Bitcoin Price Forecast: BTC flashes early signs of weakness as profit-taking activity hits three-month high
Bitcoin (BTC) consolidates around $109,000 on Wednesday, following a mild correction the previous day. BTC’s on-chain data suggests weakness and indicates a potential correction, as profit-taking activity has reached a three-month high.
Fxstreet
Wed, May 28
Other
Kremlin says Merz's move with Ukraine on long-range missiles is irresponsible
MOSCOW, May 28 (Reuters) - The Kremlin said on Wednesday that German Chancellor Friedrich Merz's decision to have Germany and Ukraine develop the joint production of long range missiles was nothing but a further provocation of the war in Ukraine. "This is a very dangerous trend, an irres...Reuters
Wed, May 28
Other
UNDP pilots jaguar protection insurance in Argentina
By Rebecca DelaneyMay 28 - (The Insurer) - The UN Development Programme has partnered with Latin American insurer Río Uruguay Seguros to develop a "world first" insurance product to protect both endangered jaguar populations and local communities and livestock in the Argentine province of Mi...Reuters
Wed, May 28
Stocks
LIVE MARKETS-Will Nvidia earnings pull up the SOX?
U.S. equity index futures slightly green: Nasdaq 100 up ~0.2%Mortgage market index 235.7 vs 238.5 last weekEuro STOXX 600 index off ~0.4%Dollar, gold gain; crude up >1%; bitcoin dipsU.S. 10-Year Treasury yield edges up to ~4.46%Welcome to the home for real-time coverage of markets brought to you ...Reuters
Wed, May 28
Other
US-backed Gaza aid group says distribution continues without incident
UNITED NATIONS, May 28 (Reuters) - The U.S.-backed Gaza Humanitarian Foundation said aid distribution continued in the Palestinian enclave on Wednesday without incident and it opened a second distribution site. "Across the two sites, approximately 14,550 food boxes have been distributed so far. ...Reuters
Wed, May 28
Stocks
US Stocks Surge on A Successful TACO Trade! Trump's Threat Losing Halo?
On Tuesday, May 28, Eastern Time, following the Memorial Day holiday closure on Monday, U.S. stocks, bonds, and currency markets all rebounded, with the three major indices showing strength. Tesla led the gains among the seven tech giants, as the market executed what is known as a "TACO trade."TradingKey
Wed, May 28
Cryptocurrencies
Bitcoin Beats Stocks On Key Risk Metric—What Does It Mean?
Data shows Bitcoin has outperformed the major equity indices on the Sortino Ratio. Here’s what this says about the cryptocurrency’s performance. Bitcoin’s 30-Day Sortino Ratio Is Currently At 1.23 In a new post on X, the institutional DeFi solutions provider Sentora (formerly IntoT...Bitcoinist
Wed, May 28
Other
GE Aerospace CEO sees supply chain improvements, despite tariff hit
May 28 (Reuters) - GE Aerospace’s CEO said on Wednesday he is seeing supply chain improvements that will support a 15% to 20% increase in deliveries this year of jet engines used on popular narrowbody aircraft, after snags challenged deliveries in 2024.CEO Larry Culp also told the Bernstein Strategi...Reuters
Wed, May 28
Cryptocurrencies
Bitcoin Hits New Heights: Analyst Predicts Next Peak By Late 2025
As Bitcoin (BTC) continues to capture investor enthusiasm, recently reaching a new all-time high of nearly $112,000, crypto analyst Cyclop has shared intriguing forecasts regarding the cryptocurrency’s future performance. Will Bitcoin Break Its All-Time Highs Again In a post on social media pl...NewsBTC
Wed, May 28
Forex
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.2% lower at C$1.3837 to the greenback, or 72.27 U.S. cents, after trading in a range of 1.3802 to 1.3839.Canadian government 10-year bond yields CA10YT=R...Reuters
Wed, May 28
Economic Indicator
US home buyers are most uncertain since 2023 as rates surge, BofA survey shows
By Saeed Azhar NEW YORK, May 28 (Reuters) - U.S. homeowners and prospective buyers are feeling the most uncertain about the real estate market since 2023, a Bank of America survey showed on Wednesday, as rising mortgage rates deter buyers.Of the 2,000 respondents to BofA's poll, 60% said they...Reuters
Wed, May 28
Other
Instacart appoints insider Chris Rogers as CEO
May 28 (Reuters) - Delivery platform Instacart CART.O on Wednesday said it has appointed company insider Chris Rogers as chief executive officer, effective August 15, as the current head Fidji Simo is set to exit to join OpenAI.The new CEO appointment follows Simo's surprise appointment as OpenA...Reuters
Wed, May 28
Stocks
FOCUS-Seeking to cure Gucci addiction, Kering's Pinault created a debt problem
Kering's M&A spree ramped up debts just as industry slumpedValentino put option could increase pressureCompany confident as it cuts costs, sells property stakesBut more problems could pressure credit ratingBy Tassilo Hummel and Elisa Anzolin PARIS, May 28 - In trying to reduce Kering'...Reuters
Wed, May 28
