Investing

Federal Reserve officials raised a growing concern about inflation at their most recent meeting, with members showing a lack of confidence to proceed with interest rate reductions.

Minutes from the April 30-May 1 policy meeting of the Federal Open Market Committee, released Wednesday, revealed policymakers' anxieties about the timing of easing measures.

The meeting followed several reports showing that inflation was more persistent than expected at the beginning of... (continue reading...)

Investing.com - Anglo American (JO:AGLJ) rejected a third bid from rival BHP Group (NYSE: BHP), but Anglo agreeing to a one-week extension for a binding takeover offer, is encouraging, according to Jefferies, suggesting a deal is now more likely.

BHP, the world's biggest listed mining group, now has until May 29, after the one-week extension, to make a firm bid for Anglo American or it will be forced to walk away for at least six months under the UK's takeover rules.

... (continue reading...)

Investing.com -- Shares in European chipmakers rose on Thursday, buoyed by quarterly results from artificial intelligence-focused semiconductor group Nvidia (NASDAQ: NVDA) that topped sky-high expectations.

Nvidia's revenue in the three months to April 28 soared by 262% from a year ago to $26 billion, beating Wall Street estimates of $24.7 billion. In the current quarter, the California-based company expects the top-line figure to continue growing to $28 billion.... (continue reading...)

Investing.com - UBS has reassessed the outlook for European equities, and has lifted its year-end target for the region’s benchmark Stoxx Europe 600 index.

Taking a fresh look at the models that form the basis behind its predictions, UBS sees fractionally more optimism on earnings growth, but a lot more room for optimism on valuations. 

“The compression in credit spreads, policy uncertainty and BTP/bund spreads along with potential rate cuts and lower bond yields... (continue reading...)

Investing.com - The U.S. dollar handed back some of the previous session’s gains Thursday, but remained near a one-week high after the release of hawkish minutes from the last Federal Reserve meeting suggested U.S. interest rates would remain elevated for some time. 

At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 104.705, after gaining 0.3% overnight.