Stocks inch up, U.S. yields near 3% as markets ready for Fed hike
World stocks rose slightly on Tuesday and U.S. 10-year Treasury yields held near 3% as investors prepared for the Federal Reserve's biggest rate hike since 2000.
World stocks rose slightly on Tuesday and U.S. 10-year Treasury yields held near 3% as investors prepared for the Federal Reserve's biggest rate hike since 2000.
Coca-Cola's estimated $3 billion initial public offering (IPO) for its African bottling unit will likely take place in the third quarter after market turmoil linked to the war in Ukraine upset plans to list earlier, three sources said on Tuesday.
(Reuters) -Paramount Global said on Tuesday it added over 6 million streaming subscribers in the first quarter but missed revenue estimates, hurt by weaker TV advertising sales in a period without the Super Bowl broadcast.
Gold prices are expected to hold firm this quarter as investors seek refuge from soaring inflation and risks such as the Ukraine war, before retreating later this year as interest rates rise, a Reuters poll showed on Tuesday.
U.S. stock index futures fell on Tuesday after a slew of underwhelming earnings reports, while investors braced for a big interest rate hike by the Federal Reserve this week to tame surging prices.
Norway's $1.2 trillion sovereign wealth fund is prepared for a rocky ride as it confronts the biggest geopolitical changes in three decades, its chief executive said on Tuesday.
The euro held close to a five-year low against the U.S. dollar on Tuesday with the Federal Reserve expected to hike rates this week, while traders wait for European Central Bank President Christine Lagarde to give clues on her monetary policy plans.