News
Important Only
Stocks
GLOBAL MARKETS-Stocks rise globally on US/UK trade deal optimism, dollar gains
Equities rise after US-UK trade deal announcementBoE cuts UK rates to after Sweden and Norway holdDollar rises with support from Fed cautionBy Sinéad Carew, Marc Jones NEW YORK/LONDON, May 8 (Reuters) - World shares rose with the dollar and Treasury yields on Thursday after U.S. President Donald ...Reuters
Thu, May 8
Economic Indicator
WRAPUP 2-US labor market stays resilient, but workers less productive in Q1
Weekly jobless claims decrease 13,000 to 228,000Continuing claims decline 29,000 to 1.879 millionProductivity falls at a 0.8% rate in the first quarterUnit labor costs surge at a 5.7% pace, but trend slowingBy Lucia Mutikani WASHINGTON, May 8 (Reuters) - The number of Americans filing new applica...Reuters
Thu, May 8
Commodities
UK carmakers to pay 25% tariff after 100,000-per-year vehicle quota, US Commerce says
WASHINGTON, May 8 (Reuters) - British car manufacturers will pay a 25% tariff on their autos after they meet their 100,000-per-year vehicle quota at the reciprocal rate of 10% under the deal outlined on Thursday, the U.S. Commerce Department said in a statement.The pact also removes UK market barrie...Reuters
Thu, May 8
Stocks
Bumble jumps after Q1 results
** Shares of Bumble BMBL.O rise 20.3% to $5.28** Dating app operator reports Q1 revenue of $247.1 mln on Wednesday, compared with analysts' avg est of $246.2 mln, according to data compiled by LSEG** UBS says BMBL is now prioritizing a smaller but higher-quality user base, pulling back on perfor...Reuters
Thu, May 8
Stocks
Crane NXT Co reports results for the quarter ended March 31 - Earnings Summary
Crane NXT Co CXT.N reported quarterly adjusted earnings of 54 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 85 cents. The mean expectation of six analysts for the quarter was for earnings of 51 cents per share. Wall Street ...Reuters
Thu, May 8
Commodities
GRAINS-Soybeans up ahead of US-China talks, corn slips on good weather
Soybeans tick higher on hopes of a trade de-escalationCorn, wheat falter on favorable weatherBy Heather Schlitz CHICAGO, May 8 (Reuters) - Chicago soybean futures crept higher on Thursday as higher soyoil futures and hopes that upcoming U.S.-China trade talks in Switzerland could reduce trade ten...Reuters
Thu, May 8
Commodities
EXCLUSIVE-US considering new ship registry in US Virgin Islands, sources say
Chinese-owned shipping fleet far outnumbers shrunken US fleetUS merchant ships needed in wartime to move vital materialMany US shipyards have closed in recent decadesBy Jonathan Saul and Jarrett RenshawWASHINGTON, May 8 (Reuters) - President Donald Trump's administration is considering a proposa...Reuters
Thu, May 8
Other
Aptevo Therapeutics Says In Preclinical Studies APVO711 Demonstrates Dual Anti-Cancer Functionality
May 8 (Reuters) - Aptevo Therapeutics Inc APVO.O:APTEVO THERAPEUTICS : IN PRECLINICAL STUDIES APVO711 DEMONSTRATES DUAL ANTI-CANCER FUNCTIONALITY WITH BROAD SOLID TUMOR POTENTIAL & DEVELOPABILITYReuters
Thu, May 8
Other
Trump says he wouldn't be surprised if China trade deal reached
WASHINGTON, May 8 (Reuters) - President Donald Trump said on Thursday that he believes China wants to make a deal on trade that would reduce tariffs and that he wouldn't be surprised if one was reached. Trump made the comments during an event at the White House.Reuters
Thu, May 8
Economic Indicator
Euro zone bonds yields nudge higher, trade deals, cen banks in focus
By Stefano Rebaudo and Lucy Raitano May 8 (Reuters) - Euro zone government bond yields rose on Thursday, as investors digested a raft of developments including a trade deal between the U.S. and Britain and a Bank of England rate cut. U.S. President Donald Trump and British Prime Minister Keir...Reuters
Thu, May 8
Forex
FOREX-Dollar buoyed by US-UK trade deal
Trump announces US-UK trade dealBoE cuts interest ratesMarkets eyeing U.S.-China trade talksDollar clings to gains from Fed rate decisionBy Chibuike Oguh NEW YORK, May 8 (Reuters) - The U.S. dollar gained against the safe-haven yen and Swiss franc on Thursday with market nerves calmed by news of ...Reuters
Thu, May 8
Technical Analysis
USD/CHF rises as US trade optimism fades and Swiss Franc weakens on risk sentiment
The USD/CHF pair is trading higher as the US Dollar (USD) gains momentum on mixed economic signals and trade optimism, while the Swiss Franc (CHF) weakens amid broader risk-on sentiment.
Fxstreet
Thu, May 8
Commodities
Europe Gasoline/Naphtha-Gasoline margins fall on higher ARA stocks
LONDON, May 8 (Reuters) - Northwest European gasoline profit margins fell by about $1.60 to $15.42 a barrel on Thursday, as inventories in the ARA trading and refining hub rose by 7% to their highest in three weeks.A total of 1,400 metric tons of Eurobob E10 barges traded in the Argus window on Thur...Reuters
Thu, May 8
Stocks
Cenovus Energy gains after quarterly profit beat
** Shares of Canadian oil and gas producer Cenovus Energy CVE.TO rise 8.8% to C$17.74** Company beats Q1 profit estimates on the back of higher output and improved refining margins** CVE reports Q1 adj. profit of C$0.47 ($0.3377) per share, vs estimates of C$0.37 per share, according to data compile...Reuters
Thu, May 8
Stocks
BofA downgrades ADM to 'underperform', cuts PT post Q1 results
** BofA Global Research downgrades rating on global grain trader Archer-Daniels-Midland ADM.N to "underperform" from "neutral", cuts price target to $45 from $47** New price target represents a 6% downside to the stock's last close** Brokerage lowers ADM rating on a worse-than-ex...Reuters
Thu, May 8
Commodities
US Cash Grains-Spot corn basis steady-higher at ethanol plants, soy crusher bids steady-firm
CHICAGO, May 8 (Reuters) - Spot basis bids for corn were steady to higher at U.S. Midwest ethanol plants on Thursday and mostly unchanged at interior and river elevators and at other processors, grain merchants said.Spot soybean basis bids were mostly steady to firmer at crush plants, flat to lower ...Reuters
Thu, May 8
Other
Rubio urges de-escalation in calls with Indian foreign minister and Pakistan PM Sharif
May 8 (Reuters) - Secretary of State Marco Rubio urged de-escalation and expressed support for direct dialogue in separate calls with Indian External Affairs Minister Subrahmanyam Jaishankar and Pakistani Prime Minister Shehbaz Sharif on Thursday, U.S. State Department spokesperson Tammy Bruce said ...Reuters
Thu, May 8
Other
EXCLUSIVE-U.S. Democratic lawmaker asks Pentagon watchdog to probe if deportation flight broke law
WASHINGTON, May 8 (Reuters) - A top Democratic lawmaker has asked the Pentagon's Inspector General's office to investigate whether the U.S. military broke the law when it deported 17 migrants to El Salvador at the end of March without any U.S. government civilians on board."We understand...Reuters
Thu, May 8
