The central bank touched down its plan to raise interest rates by half in 2019 in January, assuming it could be done with hikes for now. A quick turnaround in its strategy has led to immediate speculation that the central bank seems to be pressured by Wall Street, after fears of excessively aggressive Fed contributed to a sharp fall in markets in November and December. The protocol can give investors a bit more understanding of the thinking of the central bank.
2. Glencore coal caps: Glencore ( GLCNF ] announced plans to stop its coal mining at the current level to bring its business strategy to the objectives of the Paris Climate Agreement.
Giant of mines and commodities said that it would also set new goals for emission reductions both from its activities and from products subject to pressure from shareholders.
"As one of the world's largest diversified mining companies, we have a key role in ensuring the transition to a low-carbon economy," Glencor said.
Glencore on Wednesday reported a lower profit for 201
8, and announced a $ 2 billion redemption program. Its stock was traded 2.5% higher.
3. Walmart's Failure: Shares in the British Supermarket Network Sainsbury's ( JSNSF ] lit 15% after British regulators expressed skepticism about its merger with Asda owned by Walmart ( WMT ) .
The Competition and Markets Authority stated that the deal could lead to higher prices and less choice for buyers. The guarantor also said that he was worried about the possible rise in prices for gas stations belonging to two chains. The findings are temporary and the two companies will now have a chance to answer
Sainsbury said that he was "surprised" by the results and promised to continue to fight for the merger. The deal will lead to the largest network of supermarkets in the country.
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4. Global Market Review: European markets opened above, after a positive session in Asia
American stocks closed slightly higher on Tuesday, with investors cautiously optimistic about continuing trade talks between the US and China. S & P 500 and Nasdaq added 0.2% and Dow ended up flat.
Bloomberg reported on Wednesday that the United States is asking China to keep the value of its currency stable within the framework of the negotiations. The pledge can be part of a final agreement between the countries.
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5. Earnings and companies: CVS Health ( CVS ) and Gannett ( GCI ) . and Jack In The Box JACK ) increased after closing.
The shares of Lloyds Bank ( LLDTF ) were 2.9% higher. The British Bank announced better than expected results.
The Swiss Bank UBS ( UBS ) may be subject to a large fine in Paris after litigation, according to his assertions that this helped French clients avoid paying taxes.
6. This week:
Wednesday – CVS ( CVS ) Jack in the box and Cheesecake Factory ( TORT to report on profits
Thursday – Deutsche Telekom ( DTEGY ) Barclays ( BCS ) ] Baidu ( profits BIDU ) report of Domino and Wendy
P & N – Berkshire Hathaway ( BRKA ) profit