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...The yield on the 10-year note fell 0.13 percentage points at 3.92 per cent....
...The US performed better than other advanced economies last year, expanding by 3.1 per cent even while unemployment remained historically low, at just 3.7 per cent in December....
...Revenue also fell slightly to £7bn from £7.2bn a year earlier....
...Profits hit £1.9bn, a 7.6 per cent rise on the same period last year. Shareholders will vote on Thursday on whether to double the pay of chief executive David Schwimmer from £6.25mn to £13.1mn....
...But it feels a bit flawed to base rate reconsiderations — pricing from 3 cuts to 1 or no cuts — on a series of missed inflation forecasts that few had confidence in anyway....
...The lender’s common equity tier 1 ratio — a key benchmark for its balance sheet strength — was at 13.4 per cent, 0.3 percentage points lower than at the end of 2023 but well above the bank’s minimum target...
...Chipmakers Intel and Broadcom rallied more than 3.7 per cent. Traders bought two-year Treasuries, with the yield on the note falling 0.05 percentage points to 4.51 per cent....
...Contracts tracking the benchmark S&P 500 and the tech-heavy Nasdaq Composite were down 0.7 per cent and 1.3 per cent, respectively, ahead of the New York trading session....
...Chipmakers Intel and Broadcom rallied more than 3.7 per cent, with the latter set to report earnings after the market close....
...Read more on Powell’s remarks and the latest timing of any rate cut. More reaction to Powell’s comments: European stock markets had their worst day for nine months following Powell’s remarks. 3....
...The S&P 500 slipped 0.1 per cent in the final trading session of the week but the index gained 2.3 per cent since last Friday’s close, after Federal Reserve chair Jay Powell on Wednesday indicated a preference...
...The biggest declines on an annual basis were 14.4 per cent in Luxembourg, 7.1 per cent in Germany, 4.4 per cent in Finland and 3.6 per cent in France....
...However Spanish retail sales figures rose 3.1 per cent in the same month....
...Economists had expected a core rate for March of 3.7 per cent....
...Year on year, the average asking price rose 1.7 per cent across all property types, the highest annual rate in 12 months, according to the portal....
...In other words, the New York Fed model was reasonably confident that nominal eurozone interest rates were heading to a value between -4.7 per cent and 7.3 per cent. Brilliant....
...Amazon rose 7.9 per cent....
...While the unemployment rate rose to 3.9 per cent from 3.7 per cent the month before, it remains low by historic standards....
...But it lowered its inflation forecast for this year from 2.7 per cent to 2.3 per cent, and trimmed it for 2025, opening the door to possible rate cuts in the coming months....
...The BLS said February’s unemployment rate rose to 3.9 per cent from 3.7 per cent the month before. Wage growth also slowed, with average hourly earnings rising just 0.1 per cent in February....
...France’s Cac 40 also added 1.5 per cent, while London’s FTSE 100 gained 1.7 per cent. Yields on 10-year German Bunds — the benchmark for the eurozone — fell 0.12 percentage points to 2.04 per cent....
...The region-wide Stoxx Europe 600 rose 1.5 per cent, led higher by rate-sensitive real estate stocks. France’s CAC 40 added 1.5 per cent, while London’s FTSE 100 gained 1.7 per cent....
...Due Diligence (33.5 points) 13 (tied). Ka-Powell (32.5 points) 13 (tied). Stragglers Beta (32.5 points) 15 (tied)....
...Sterling was down 0.7 per cent against the dollar at $1.2469 in early afternoon trading in London, pushed lower by a broader surge in the dollar....
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