European stocks are set to open higher on Friday as market players increase their bets the U.S. Federal Reserve will cut interest rates this month. European Markets: FTSE, GDAXI, FCHI, IBEX Britain’s FTSE 100 was seen 31 points higher at 7,524, Germany’s DAX up by 75 points at 12,310, and France’s CAC climbing 31 points
Finance
John C. Williams, president and CEO of the Federal Reserve Bank of New York speaks to the Economic Club of New York, March 6, 2019. Lucas Jackson | Reuters When New York Federal Reserve President John Williams said central bankers need to “act quickly” as economic growth slows, a spokesperson said he was drawing from
Central bankers need to act quickly and forcefully when rates are low and economic growth is slowing, New York Federal Reserve President John Williams said Thursday. The influential policymaker delivered a speech discussing what should be done when central banks are near the “zero lower bound,” or close to as low as rates can go.
A trader works on the floor of the New York Stock Exchange. Brendan McDermid | Reuters After a record 2018, buybacks so far in 2019 are strong but just below 2018’s record, according to a new report from J.P. Morgan. As buybacks hit records last year (about $800 billion) a predictable political backlash developed. Corporations
Fans gather at the Netflix booth at a trade show. Mike Blake | Reuters Check out the companies making headlines after the bell: Netflix fell more than 12% in after-hours trading following the release of its second-quarter earnings. The streaming giant reported global net adds of 2.7 million — much lower than earlier stated guidance