Analysts at Bank of America said June will be one "to remember" with key decisions for many central banks to come.
The investment bank noted that this week was rich in central bank surprises, with the Riksbank deciding to take the lead and cut rates and the Bank of England showing a lot more confidence in inflation going in the right direction than they had expected.
"In a way, we got a glimpse of what June - with key decisions for many central banks - would look... (continue reading...)
(Reuters) - Shares of China's Zeekr Intelligent Technology were scheduled to start trading on the New York Stock Exchange on Friday after the electric-vehicle maker priced its initial public offering at the top end of its marketed range.
The debut would mark the first major U.S. listing by a Chinese company since 2021 and would test the investor appetite for such companies.
It would also be a barometer to gauge interest for EV makers,... (continue reading...)
By Qiaoyi Li and Brenda Goh
BEIJING (Reuters) -China's car exports surged to a record high in April, data showed on Friday, as domestic sales slipped 5.8% from a year earlier amid intensifying price competition and consumers' caution about spending on big items during a shaky economic recovery.
Car exports jumped 38% year-on-year to 417,000 units in April, continuing strong momentum from the previous month which posted a 39% growth in... (continue reading...)
By Lewis Krauskopf
NEW YORK (Reuters) - A strong earnings season and blockbuster reports from tech industry titans fueled a U.S. stock market rebound from the first real swoon of 2024. Next week’s inflation data could determine whether the good vibes continue.
The benchmark S&P 500 index is up over 9% for the year, up near its late-March record high, following a 5% pullback that occurred last month.
The bounce has... (continue reading...)
(Reuters) -The U.S. Securities and Exchange Commission is investigating statements made by Boeing Co. about its safety practices after a mid-air panel blowout on a 737 MAX flight in January, Bloomberg News reported on Thursday.
The SEC will examine whether the planemaker or its executives misled investors in violation of the Wall Street regulator's rules, the report said, citing three people familiar with the development.
Boeing and the SEC... (continue reading...)
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