India’s election results will also be watched as the ruling BJP party lost its majority, although the wider BJP-led coalition has secured a majority
Philadelphia news 24/7: Watch NBC10 free wherever you areElsewhere, first-quarter gross domestic product from Australia came in at 1.1% year-over-year, slightly below a Reuters poll expectation of 1.2%.Treasury yields were notably lower, with the rate on the benchmark 10-year note slipping about 7 basis points.
Many companies are in the AI infrastructure buildout phase right now. But will their millions to billions dollars' worth of investments pay off?Rosenberg Research founder David Rosenberg speaks in New York on Sept. 26, 2017. "The fact that equities are not responding well to the renewed pullback in Treasury yields and the swaps market beginning to price in a September rate cut is signaling something important: that stock market investors are also becoming concerned about the economic slowdown and what it means for the earnings outlook," Rosenberg said in a post on social media site
"I don't think that we need rate cuts for the market to go up," the chief global strategist told CNBC's"Squawk on the Street" on Tuesday."House view is for one cut, but all the way in December."Bank of America Securities clients were net sellers of U.S. equities last week, with tech stocks taking the biggest hit, according to the bank.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia markets mixed ahead of GDP readings from Australia; Indian elections in focusIndia’s election results will also be watched as the ruling BJP party lost its majority, although the wider BJP-led coalition has secured a majority
Read more »
Asia markets poised to open lower ahead of GDP readings from Australia; Indian elections in focusIndia’s election results will also be watched as the ruling BJP party lost its majority, although the wider BJP-led coalition has secured a majority
Read more »
Asia markets poised to open lower ahead of GDP readings from Australia; Indian elections in focusIndia’s election results will also be watched as the ruling BJP party lost its majority, although the wider BJP-led coalition has secured a majority
Read more »
USD/INR gains ground ahead of Indian GDP, US PCE dataIndian Rupee (INR) weakens on Friday amid the modest rebound of the US Dollar (USD).
Read more »
Indian Opposition Celebrates as Modi's BJP Faces Shock Election SetbackIndian Prime Minister Narendra Modi's ruling Bharatiya Janata Party (BJP) falls short of the landslide parliamentary election win that many had expected
Read more »
Asia markets kick-start data-heavy week higher, with focus on China PMI and India GDPChina’s official PMI figures will be out on Friday, as well as India’s fiscal fourth quarter GDP figures.
Read more »