Stock markets in Europe are expected to open on an emphatically positive note on Wednesday. Optimism over a potential U.S.-Iran peace deal signaled by President Donald Trump, that has lifted market sentiment globally is expected to be reflected in the European markets also.
Final composite Purchasing Managers' survey results from the euro area and the UK are due on Wednesday, headlining a busy day for the European economic news. At 2.45 am ET, France's statistical office INSEE publishes industrial production data for March. Economists forecast industrial output to grow 0.5 percent on a monthly basis in March, in contrast to the 0.7 percent fall in February.
The Center for AI Standards and Innovation has teamed up with major tech companies like Google DeepMind, Microsoft, and xAI, allowing the U.S. government to review AI models before they hit the market.
Chevron Corp. (CVX) CEO Mike Wirth has raised alarms about possible global oil shortages after the Strait of Hormuz was closed, a vital shipping lane for crude oil.
After coming under pressure over the course of the previous session, stocks showed a strong move back to the upside during trading on Tuesday. The Nasdaq and the S&P 500 more than offset yesterday's losses, reaching new record closing highs. The major averages pulled back off their best levels going into the end of the day but remained firmly positive.
In a recent statement, the World Health Organization said there might have been a rare case where hantavirus spread from one person to another on a Dutch cruise ship, where three people have died. On 2 May 2026, the WHO was told about several passengers on the ship who had serious breathing problems....
Stocks have moved mostly higher over the course of the trading day on Tuesday, more than offsetting the weakness seen in the previous session. With the upward move, the tech-heavy Nasdaq has reached a new record intraday high. Currently, the major averages are hovering near their best levels of the day.
New home sales in the U.S. saw a substantial increase in the month of March, according to a report released by the Commerce Department on Tuesday. The report said new home sales spiked by 7.4 percent to an annual rate of 682,000 in March after soaring by 8.9 percent to an annual rate of 635,000 in February. Economists had expected new home sales to come in at an annual rate of 668,000.
A report released by the Institute for Supply Management on Tuesday showed a slight slowdown in the pace of growth in U.S. service sector activity in the month of April. The ISM said its services PMI slipped to 53.6 in April after falling to 54.0 in March, although a reading above 50 still indicates growth. Economists had expected the index to edge down to 53.7.
With imports increasing by modestly more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of March. The Commerce Department said the trade deficit grew to $60.3 billion in March from a revised $57.8 billion in February.
Stocks may move to the upside in early trading on Tuesday, regaining ground after coming under pressure over the course of the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.5 percent. Early buying interest may be...
Initial signs from the U.S. Futures Index suggest that Wall Street might open moderately up on Tuesday. Despite the ceasefire is in effect, UAE has been under fire from Iran. Oil prices are sliding, but remain above $100 a barrel. As of 7.55 am ET, the Dow futures were adding 165.00 points, the...
The European Union and Armenia held their first ever Summit in Yerevan, reinforcing cooperation in the areas of connectivity, security and defense, economic development and people-to-people contacts. European Commission President Ursula von der Leyen said: "This first EU-Armenia Summit elevates our...
US Secretary of State Marco Rubio will meet with Pope Leo this week. Announcing his visit, the State Department said Rubio will travel to Rome for a three-day tour beginning Wednesday to advance bilateral relations with Italy and the Vatican. Secretary Rubio will meet with Holy See leadership to discuss the situation in the Middle East and mutual interests in the Western Hemisphere, it added.
An outbreak of deadly hantavirus aboard a cruise ship in the Atlantic Ocean has triggered an international public health response. The World Health Organization said it is coordinating evacuations and risk assessments following the death of three people and multiple suspected infections on board ...
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.