Wells Fargo raises interest income forecast as strong dealmaking drives profit beat
By Arasu Kannagi Basil, Nivedita Balu and Nupur Anand (Reuters) -Wells Fargo’s profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year, sending shares up 6%. The
U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 1.19%
Investing.com – U.K. stocks were higher after the close on Wednesday, as gains in the Household Goods & Home Construction, Construction & Materials and Real Estate Investment Trusts REITs sectors led shares higher. At the close in London, the Investing.com United
Sweden stocks higher at close of trade; OMX Stockholm 30 up 1.97%
Investing.com – Sweden stocks were higher after the close on Wednesday, as gains in the Telecoms, Financials and Industrials sectors led shares higher. At the close in Stockholm, the OMX Stockholm 30 added 1.97% to hit a new 1-month high. The best
European stocks close higher after UK CPI release and positive US CPI data
Investing.com – European stock markets closed higher Wednesday, as investors digested cooling UK inflation data, with sentiment improved after the release of CPI data showing a 0.4% increase in December. This increase slightly exceeded November’s 0.3% increase. On an annual basis,
Macquarie expects FOMC to cut rates after US CPI data
Macquarie has reaffirmed its expectation that the Federal Open Market Committee (FOMC) will implement a single 25 basis points rate cut following the latest U.S. consumer price index (CPI) data. The headline CPI in December remained robust, increasing by 0.4% month-over-month,