News
Important Only
Stocks
US STOCKS-US stock futures down as trade truce rally fades, inflation data in focus
Futures down: Dow 0.23%, S&P 500 0.45%, Nasdaq 0.54% May 13 (Reuters) - U.S. stock index futures were down on Tuesday, pulling back after a sharp rally fueled by a U.S.-China trade truce, as investors turned their focus to a key U.S. inflation reading that could shape the outlook for monetary...Reuters
Tue, May 13
Stocks
The Smartest High-Yield Dividend Stocks in Warren Buffett's "Secret Portfolio" to Buy Right Now
Warren Buffett's secret is out of the bag. He's stepping down as CEO of Berkshire Hathaway at the end of the year. However, the legendary investor has another secret that many don't know about: a portfolio of stocks that doesn't appear on Berkshire's regulatory filings.Berkshire Hathaway acquired Ge...The Motley Fool
Tue, May 13
Forex
Russian rouble edges up vs US dollar despite losing support from state forex interventions
MOSCOW, May 13 (Reuters) - The Russian rouble strengthened slightly against the U.S. dollar on Tuesday due to expectations of direct peace talks between Russia and Ukraine, despite losing some support from the central bank's foreign currency sales.By 0900 GMT the rouble was up around 0.5% to 80....Reuters
Tue, May 13
Forex
GBP/USD: Major support at 1.3070 may not come into view so soon – UOB Group
Pound Sterling (GBP) could retest the 1.3140 level vs the US Dollar (USD) before a more sustained recovery can be expected. In the longer run, GBP is expected to weaken, but the major support at 1.3070 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, May 13
Other
Deals of the day-Mergers and acquisitions
May 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday : ** Exxaro Resources said it has reached an agreement to buy manganese mines in South Africa in a deal worth 11.67 billion rand as it diversifies into green transition...Reuters
Tue, May 13
Other
Augment Risk adds Akbar as associate partner for structured reinsurance
By Henry GaleMay 13 - (The Insurer) - Augment Risk has hired alternative risk transfer specialist Qasim Akbar as associate partner for structured reinsurance, according to a LinkedIn post by Akbar on Monday.Akbar was most recently managing director of Aelia Capital, an advisory firm working on struc...Reuters
Tue, May 13
Other
Markel launches cyber cover for indirect war losses
By Michael JonesMay 13 - (The Insurer) - Markel has launched a specialist cyber product that provides up to $5 million of cover per risk for indirect losses arising from an act of war, the company said on Tuesday.The product provides cover for collateral damage caused by acts of war, a peril that is...Reuters
Tue, May 13
Other
Berlin dodges question on fresh Russia sanctions, refers to Thursday
BERLIN, May 13 (Reuters) - German Foreign Minister Johann Wadephul on Tuesday played down expectations that Europe will immediately slap fresh sanctions on Russia, referring instead to a potential meeting of the Russian and Ukrainian leaders on Thursday."I am looking to Thursday when a meeting o...Reuters
Tue, May 13
Economic Indicator
JPY: A sound investment – Commerzbank
Japan's current account surplus remained solid in March. At JPY 3.7 trillion, this was slightly lower than in February. However, when calculated over the last twelve months, a new all-time high of JPY 30.4 trillion was reached, Commerzbank's FX analyst Volkmar Baur notes.
Fxstreet
Tue, May 13
Other
Wefox to sell Italy units to JC Flowers as restructuring completes
By Ryan HewlettMay 13 - (The Insurer) - Wefox has agreed to sell its Italian entities to funds managed by private equity firm JC Flowers & Co, bringing to an end a long-running restructuring of the company and its operations.JC Flowers will acquire Wefox MGA S.r.l. and Wefox Services Italy S.r.l...Reuters
Tue, May 13
Other
German court rejects KNDS injunction to keep Triton from selling Renk shares
FRANKFURT, May 13 (Reuters) - A court in Frankfurt on Tuesday said it had rejected a request by Franco-German defence contractor KNDS for an injunction to block private equity group Triton Partners from selling shares in German tank gearbox maker Renk R3NK.DE.Sources familiar with the transaction to...Reuters
Tue, May 13
Economic Indicator
BoE’s Pill: Should not assume MPR forecast is a direct endorsement of market interest rate curve
Bank of England (BoE) Chief Economist Huw Pill said at an event in the London School of Economics (LSE) on Tuesday that markets “should not assume that the latest Monetary Policy Report (MPR) forecast is a direct endorsement of market interest rate curve.”Fxstreet
Tue, May 13
Cryptocurrencies
Bitcoin Faces Key Resistance After 10% Weekly Rally – Confirmation Or Rejection Next?
After jumping by 10% over the past week, Bitcoin (BTC) has hit a crucial resistance level, which could push or momentarily halt the flagship crypto’s rally toward a new all-time high (ATH). Related Reading: Bitcoin Stays Resilient While Wall Street Stumbles – Details Bitcoin Hits Key Level Bitcoin r...NewsBTC
Tue, May 13
Stocks
This AdTech Stock Looks Like a Solid Buy
Shares of programmatic advertising platform PubMatic (NASDAQ: PUBM) have been pummeled over the past few years. The stock surged in the early days of the pandemic, but it's lost more than 80% of its value since peaking in 2021.On the surface, PubMatic's first-quarter report wasn't anything to write ...The Motley Fool
Tue, May 13
Forex
GBP/USD pullback deepens after rejection at key resistance zone – Société Générale
GBP/USD is retreating after rejection near 1.3500, with bearish momentum reinforced by MACD crossover and a breach of short-term consolidation support. Next supports lie near 1.3070 and 1.3010, Société Générale's FX analysts note.Fxstreet
Tue, May 13
