The Dollar starts off the week in a weakened position. Takata files for bankruptcy, while Nestle’s looks to sell its confectionery business.
Ahead of next week's U.S. inflation-linked indicators, the dollar remains sluggish but firm. American automaker Tesla is rallying after announcing it is building a factory in China.
Travis Kalanick CEO Uber resigns amid pressure of scandals, while Supermarket Chain Tesco closed its Call Centre, resulting in job losses. Crude futures continue to edge lower on the market and impact other assets as well.
As China gets long-sought MSCI index listing, Asian shares fall including the Hang Seng Index, Japan's Nikkei 225 and Australia’s S&P/ASX 200. Barclays comes under SFO fire.
The Australian dollar and S&P/ASX 200 fell on Tuesday following a decision from Moody’s to downgrade the long-term credit rating of Australia’s four main banks. Amazon extended Monday gains.
Amazon announced on Friday that it is buying organic grocery chain Whole Foods for $13.7 billion. Amazon's stock rose 3% on the news. Shares of other retailers with a big presence in groceries plunged including Kroger, Target, Costco and Walmart.
A downgrade from Canaccord has caused shares of Alphabet to dip 2.2%. Other technology stocks also slid on Thursday, continuing a recent sell-off for Wall Street’s best performers this year. This dragged down major U.S. indices.
U.S. and Asian shares traded lower on Thursday following weak U.S. inflation data and a media report suggesting that U.S. President Donald Trump is being investigated for possible obstruction of justice. Toshiba's shares fall 0.5%.
Ahead of today’s Federal Reserve policy meeting where an interest rate hike is widely expected, the dollar eased. In contrast, gold prices and asian shares gained in early trading.
Ahead of important policy meetings in the U.S., England and Japan, several currencies steadied including the U.S. dollar and British Pound. The FAANG stocks continue to underperform following Friday’s steep losses.