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Press Releases

Fixed income & dollar close to unchanged on week

CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.


WRAPUP 1-U.S. economic growth revised higher in Q1; profits rebound

*First-quarter GDP growth raised to 0.8 percent rate. WASHINGTON, May 27- U.S. economic growth slowed in the first quarter although not as sharply as initially thought, as a surge in home building and steady inventory accumulation partially offset the impact of modest consumer spending and soft business investment. Gross domestic product rose at a 0.8 percent...

Source: Reuters

Market headwinds turn to tailwinds by year end: Pro

Darrell Cronk, Wells Fargo Investment Institute, and Mike Ryan, UBS, share their outlook on the markets.


Next week to provide clues about Fed's, ECB's next steps

Next week will provide investors with clues as to how far the Fed is from its next rate hike and whether the ECB will ease monetary policy again.

Source: Reuters

Watch Out for the June Swoon

Markets are calm as they head into summer. But history suggests they could get a “June Swoon” instead. Using Kensho, Deirdre Bosa looks at June seasonality over the last decade.


EMERGING MARKETS-Emerging stocks set for 1st weekly rise since mid-April

LONDON, May 27- Emerging stocks enjoyed their first weekly gains since mid-April on Friday but currencies remained under pressure as investors remained divided on the prospect of a June interest rate rise in the United States. MSCI's emerging equity index gained 0.7 percent on the day and is up 3 percent so far this week, lifted by gains in bourses across Asia,...

Source: Reuters

UPDATE 4-Oil prices ease from seven-month high to below $49

*Analysts see oil prices in $40- $50 range. SINGAPORE/ LONDON, May 27- Oil futures fell below $49 on Friday, easing from a seven-month high hit this week, with analysts predicting range-bound markets for the next few months as supply outages slowly help to clear a global glut of crude. Oil pushed through $50 for the first time in around seven months on Thursday after...

Source: Reuters

Euro to hit parity with sterling on ‘Brexit’ vote: UBS

A U.K. vote to leave the European Union on June 23 would cause major currency fluctuations and dent growth in the country, according to UBS.


China's central bank condemns recent foreign media reports

BEIJING, May 27- China's central bank condemned two recent news reports from foreign media about the country's currency reforms and monetary policy, the People's Bank of China said on its official weibo account on Friday. The reports "fabricated facts, misled readers, misled markets," the statement said, adding the central bank would investigate taking legal...

Source: Reuters

REFILE-UPDATE 4-G7 vows growth efforts as Japan's Abe warns of global crisis

*China slams G7 on statement on South China Sea. ISE-SHIMA, Japan, May 27- The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies and stimulus policies and expressing concern over North Korea, Russia and maritime disputes involving China. G7 leaders wrapped up a summit in central Japan...

Source: Reuters