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Traders are bracing for an increasingly hawkish ECB

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By Stefano Rebaudo Aug 21 (Reuters) - Money markets are bracing for an increasingly hawkish European Central Bank, wagering that geopolitical tensions will complicate its inflation battle and keep price pressures stubborn enough to lift the key deposit rate to almost 3% by late 2027. The... Read More.

Ross Stores jumps after raising full-year profit guidance

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Aug 21 (Reuters) - Ross Stores' shares surged nearly 9% in premarket trading on Friday, after the value retailer raised annual guidance and projected quarterly sales growth above analyst expectations, signalling bargain-hunting demand despite a shaky economic backdrop. Shares were last up 8.6% at $248.77... Read More.

US equity funds draw inflows despite market pressures

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Aug 21 (Reuters) - U.S. investors were net buyers of equity funds for a second straight week through August 19, supported by a strong earnings season and cooler inflation data, even as a bond-market selloff and rising oil prices weighed on markets. Investors bought a... Read More.

Nvidia earnings, Jackson Hole to test pillars of stock rally

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By Laura Matthews NEW YORK, Aug 21 (Reuters) - Nvidia's earnings report and the Federal Reserve's Jackson Hole symposium will test the assumptions behind this year's stock market rally, offering clues on whether the AI-driven surge in equities can withstand rising uncertainty over growth and... Read More.

US shoppers tighten budgets, but still find room for treats and splurges

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By Juveria Tabassum and Anuja Bharat Mistry Aug 21 (Reuters) - Walmart's disappointing sales and Home Depot's strength among budget-conscious do-it-yourselfers indicate middle-class American consumers are growing more tight-fisted, even as wealthier shoppers have kept supporting luxury brands like Ralph Lauren. Earnings reports over the past... Read More.

Morning Bid: Big, bad bond market

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By Anna Szymanski Aug 21 (Reuters) - From the Editor I was reminded this week of the famous quip from Democratic political strategist James Carville: "I would like to come back as the bond market. You can intimidate everybody." He may have said this more... Read More.
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