Australia AiG Performance of Services Index: 55.2 (April) vs previous 56.9

US slams the door on Brazil tariff negotiations – Reuters

As reported by Reuters, Brazil announced that the US had unilaterally pulled the plug on tariff negotiations with Brazil, contradicting a US statement that the two countries had reached a deal. The US has gone ahead and imposed an import quota on Brazil metals. Key quotes "Representatives fo ...

Trump “all but decided” to withdraw from Iran deal – Reuters

According to sources obtained by Reuters, US President Donald Trump has mostly made up his mind about pulling out of the Iran deal, and has only yet to decide how to go about withdrawing from the multi-country deal. Key quotes "U.S. President Donald Trump has all but decided to withdraw fro ...

AUD/USD back into 0.75 heading into Aussie Trade Balance numbers

The AUD failed to generate bullish momentum on the day, and ended flat after a Dollar-fueled spike. Aussie building permits could knock the pair lower if new home building fails to inspire AUD traders. The Aussie finished Wednesday's trading flat on the day and is heading into th ...

Crude oil WTI sidelined as Iranian deal looms

Crude oil shows little reaction to bearish EIA data and USD gyrations as the commodity sticks to its 67.30-69.00 range. The market is focused on the Iranian deal and May 12 is the key date on which Trump should make a decision. Crude oil West Texas Intermediate is trading at around $67.68 pe ...

Peru stocks lower at close of trade; S&P Lima General down 0.47%

Investing.com – Peru stocks were lower after the close on Wednesday, as losses in the Mining, S&P Lima Juniors and Banking&Financials sectors led shares lower. At the close in Lima, the S&P Lima General declined 0.47%. The best performers of the session on the S&P Lima General were ...

Market wrap: FOMC was unsurprising – Westpac

Analysts at Westpac offered a market wrap. Key Quotes: "The FOMC was unsurprising, members voting unanimously to leave rates unchanged as widely expected and signaling further “gradual” increases going forward. Their statement acknowledged firmer inflation but downplayed any polic ...

Argentina Tax Revenue (MoM): 236.23B (April) vs previous 238.836B

Fundawrap: all about the Fed, if not just for an hourly stick

  From a fundamental take on today's market, it was all about the Fed, if only for an hourly stick. Markets waiting in anticipation of a hawkish hold, signalling June as a dead cert. The dollar has been moving up the early 90's with expectations that the Fed will be hiking at leas ...

Wall Street stocks end lower post-FOMC

The Fed says that inflation is expected to remain high.  US stocks fall as investors drop riskier assets for cash. The three main indices traded lower on Wednesday. The S&P 500 dropped 0.72% to 2,635.67. The Dow Jones Industrial Average lost 0.72% and closed at 23,924.84 while th ...

Day Ahead: Top 3 Things to Watch

Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow 1. Jobless Claims, Durable Goods, ISM on Tap Investors will likely turn to a raft of top-tier economic data for further evidence of US economic growth after the Federal Reserve expressed confidence in the economic ...

Mexico stocks lower at close of trade; S&P/BMV IPC down 1.13%

Investing.com – Mexico stocks were lower after the close on Wednesday, as losses in the Materials, Industrials and Consumer Staples sectors led shares lower. At the close in Mexico, the S&P/BMV IPC declined 1.13%. The best performers of the session on the S&P/BMV IPC were Grupo Financiero ...

Brazil stocks lower at close of trade; Bovespa down 1.85%

Investing.com – Brazil stocks were lower after the close on Wednesday, as losses in the Financials, Real Estate and Consumption sectors led shares lower. At the close in Sao Paulo, the Bovespa lost 1.85%. The best performers of the session on the Bovespa were Centrais Eletricas Brasileiras SA ...

Canada stocks higher at close of trade; S&P/TSX Composite up 0.40%

Investing.com – Canada stocks were higher after the close on Wednesday, as gains in the Energy, Materials and IT sectors led shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.40% to hit a new 1-month high. The best performers of the session on the S&P/TSX Composite were ...