2 Hours Ago
U.S. stocks open slightly higher
U.S. stocks opened slightly higher as Wall Street continued to digest Wednesday’s hotter than expected inflation print.
The tech-heavy Nasdaq rose 0.4% while the S&P 500 gained 0.1%. The Dow Jones Industrial Average dipped 0.1%.
2 Hours Ago
Stocks on the move: Aviva down 6%, AstraZeneca up 3%
Shares of British insurance firm Aviva fell 6% after announcing new plans to “rebuild and rebrand” its financial lines business.
Meanwhile, AstraZeneca rose 3% on a pledge to increase its dividend this year ahead of a key vote on its chief executive’s pay.
— Karen Gilchrist
2 Hours Ago
ECB holds interest rates steady but signals future cut
A sculpture of the Euro currency stands in the city centre of Frankfurt am Main, western Germany, on January 25, 2024.
Kirill Kudryavtsev | Afp | Getty Images
The European Central Bank held interest rates steady for the fifth straight meeting on Thursday, but firmed up its wording on a potential future cut.
“If the Governing Council’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission were to further increase its confidence that inflation is converging to the target in a sustained manner, it would be appropriate to reduce the current level of monetary policy restriction,” it said in a statement.
Market pricing currently suggests a 25-basis-point cut in June, according to LSEG data.
— Karen Gilchrist
5 Hours Ago
