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CRM to acquire INFA for $8B to boost AI and data tools. Shares rise, ETFs like IGV, REX, FDN and DAT with exposure to both firms stand to gain.
Investing.com -- Barclays believes the path of least resistance for equities is still higher, supported by muted re-risking, resilient earnings, and favorable liquidity conditions.
Germany’s DAX hit a fresh record amid easing trade tensions between the US and the EU, with defence and banking stocks leading the gains. Meanwhile, President Donald Trump expressed optimism about the progress of trade talks.View on euronews
(Bloomberg) -- Gold edged higher after a two-day decline, as the market remained in wait-and-see mode in spite of data showing improving economic sentiment and signs of progress in trade talks.Most Read from BloombergNY Wins Order Against US Funding Freeze in Congestion FightBullion traded near $3,309 an ounce — following a 1.3% loss on Tuesday — as US consumer confidence rebounded sharply in May from near a five-year low, signaling a more positive outlook for the economy and labor market. The d
The Federal Reserve will publish the minutes from its May meeting on Wednesday, May 28. The Commerce Department will release April PCE inflation and consumer spending data on Friday, May 30. The S&P 500 (SNPINDEX: ^GSPC) has rebounded 18% since hitting bottom in early April after President Trump announced his "Liberation Day" tariffs.
SINGAPORE/NEW YORK (Reuters) -Japan, one of the world's most indebted developed economies, this week also turned into a saviour of sorts for its own bond market and globally. When Reuters reported on Tuesday Japan's ministry of finance (MOF) may reduce issuance of super-long tenor debt, bond markets from Japan and South Korea to Britain and the United States reacted positively, pushing prices up and yields down. That paused the weeks-long bond selloff forced by investors demanding bigger yields as they braced for increased inflation and government spending caused by U.S. President Donald Trump's trade and tax policies.
(Bloomberg) -- Oil rose as the market juggled the outlook for more OPEC+ supply and the prospect for additional US sanctions on Russia.Most Read from BloombergNY Wins Order Against US Funding Freeze in Congestion FightBrent traded above $64 after closing 1% lower on Tuesday, while West Texas Intermediate was near $61. An OPEC+ committee, which monitors developments in the market, meets later Wednesday before a group led by Saudi Arabia convenes on Saturday to decide on output policy for July.Mem
Rachel Reeves’s plans to combine smaller pension funds into a group of giant “megafunds” will make workers just £6,000 better off by the time they retire, The Telegraph understands.