Cooler-than-expected inflation data has made it a little more likely that the Federal Reserve will be able to cut interest rates sometime this year, according to a gauge measuring investors’ expectations.
Traders are now pricing in a 36% chance that the central bank slashes borrowing costs in July,
» Read more about: Rate-Cut Hopes Still Alive After Inflation Cools »
Stocks were set to edge higher on Wednesday, having racked up solid gains the previous session thanks to a cooler-than-expected inflation reading and news of artificial intelligence investments from Saudi Arabia.
Futures tracking the Dow Jones Industrial Average were up 21 points, or 0.1%. S&P 500 futures were flat,
Stock futures soared after the U.S. and China on Monday announced a truce in their trade war by agreeing to suspend steep tariffs for 90 days.
The U.S. reduced its levies on Chinese imports to 30% from as high as 145%, while China cut its tariffs on American goods to 10% from 125%.
» Read more about: Stock market futures soar after U.S. and China suspend tariffs for 90 days »
US stock futures struggled for a footing on Wednesday after the S&P 500 (^GSPC) erased its losses for 2025, as corporate outlooks underlined uncertainty around tariffs.
Futures on the broad benchmark S&P 500 (ES=F) hovered above the flat line, while Dow Jones Industrial Average futures (YM=F) nudged 0.1% higher.
CHONGQING, CHINA – MAY 06: In this photo illustration, the logo of Microchip Technology Incorporated … More
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Microchip Technology stock (NASDAQ:MCHP),
» Read more about: Microchip Stock’s Rally Isn’t Built To Last »
LONDON, UNITED KINGDOM – 2025/04/04: General view of HSBC headquarters in Canary Wharf. (Photo by … More
SOPA Images/LightRocket via Getty Images
HSBC’s stock (NYSE: HSBC) has performed quite well this year,
Shares of Tube Investments of India Ltd experienced a surge of 1.26% today,
» Read more about: Tube Investments of India shares gain 1.26% with high volume »
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President Donald Trump announced a 90-day pause in tariffs on China as the two countries negotiate a final agreement.
China criticized the trade agreement between the U.S. and the U.K. that could potentially push Chinese products out of British supply chains,
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» Read more about: Sapura Energy to outline $2.8 billion debt restructuring, eyes PN17 exit »
Will slowdown in IPO market end soon?
According to market experts, the dry spell in the IPO market will end soon as secondary market has seen remarkable recovery despite multiple headwinds such as Indo-Pak conflict, Trump’s tariff tensions, and global economic growth concerns.
The domestic benchmark indices BSE Sensex and NSE Nifty have risen over 10% from their recent lows,