off-the-wire

    S&P 500 falls as AI worries hit software makers teaser image

    S&P 500 falls as AI worries hit software makers

    Sept 8 (Reuters) - The S&P 500 ended lower on Tuesday, with Salesforce and other software makers losing ground, while hostilities in the Middle ​East lifted oil prices and investors awaited inflation data that could affect the chance of an interest rate hike.Salesforce (CRM.N), and Intuit (INTU.O), ‌fell about 4%, while ServiceNow (NOW.N), lost 5%. OpenAI's launch last week of its newest model, GPT-6 Astra, reignited speculation that AI could compete with services now offered by specialized software companies.

    Gold subdued as oil rises, investors await key US inflation data

    Sept 8 (Reuters) - Gold inched lower on ​Tuesday as a rise in oil prices reignited inflation fears, while investors remained ‌cautious ahead of crucial data this week that could offer clues on the Federal Reserve's interest-rate path.

    S&P 500, Dow set to open lower as Gulf tensions send oil to over six-week high

    Sept 8 (Reuters) - The benchmark S&P 500 and the blue-chip Dow ​indexes were on course to open lower on Tuesday as fresh hostilities in the Middle East ‌pushed oil prices to their highest since late July, while markets await inflation data due later this week.The declines follow a roller-coaster stretch that saw investors rushing to readjust rate-hike expectations after commentary from Federal Reserve Governor Christopher Waller and a stronger-than-expected jobs report.

    Wall St futures slip as oil surge puts markets on edge

    Sept 8 (Reuters) - U.S. stock index futures slipped on Tuesday as fresh ​hostilities in the Middle East sent oil prices to their highest since late July, deepening ‌market gloom ahead of inflation data later this week.
    TSX futures slip on weaker gold prices; oil rises on Middle East tensions teaser image

    TSX futures slip on weaker gold prices; oil rises on Middle East tensions

    Sept 8 (Reuters) - Futures tracking Canada's benchmark index slipped on Tuesday as weaker precious metal prices weighed on sentiment ​ahead of key U.S. inflation data due later ‌this week, while fresh attacks on Saudi Arabia's energy facilities sent oil prices higher.
    Goldman sees $120/bbl oil risk if attacks on Middle East vessels intensify, Bloomberg reports teaser image

    Goldman sees $120/bbl oil risk if attacks on Middle East vessels intensify, Bloomberg reports

    Sept 6 (Reuters) - Goldman Sachs said oil prices may rally to as much ​as $120 a barrel if attacks ‌on shipping in the Middle East rise and it recommended bets on natural ​gas and diesel as a ​way to capture gains, Bloomberg ⁠News reported on Sunday.
    Stocks fall as yen firms; Gulf attacks send oil towards $100 a barrel teaser image

    Stocks fall as yen firms; Gulf attacks send oil towards $100 a barrel

    LONDON, Sept 8 (Reuters) - The yen traded around seven-month highs on Tuesday and stocks fell after a volley of attacks on energy ​facilities around the Gulf drove oil to near $100 a barrel, while copper prices hit record highs.
    TSX declines after US jobs data fuels rate-hike bets teaser image

    TSX declines after US jobs data fuels rate-hike bets

    Sept 4 (Reuters) - Canada's main stock index closed lower on Friday as material and oil stocks declined and stronger-than-expected U.S. jobs ​data prompted investors to increase bets on an interest-rate hike ‌by the Federal Reserve this month.The S&P/TSX Composite Index (.GSPTSE), fell 0.33%, at 36,513.80.Data showed U.S. job growth accelerated sharply in August while the unemployment rate held steady at ​4.1%, pointing to a still stable labor market.
    Canada's Ivey PMI expands to more than four-year high in August teaser image

    Canada's Ivey PMI expands to more than four-year high in August

    OTTAWA, Sept 4 (Reuters) - Canadian economic activity expanded at a ​faster pace in August ‌as prices, inventories and employment rose, Ivey Purchasing Managers Index (PMI) ​data showed on ​Friday.The seasonally adjusted index increased ⁠to 64.3 in August ​from 55.1 in July, ​highest since May 2022.The Ivey PMI measures the month to month ​variation in economic ​activity as indicated by a panel ‌of ⁠purchasing managers from across Canada. A reading above 50 indicates an increase in ​activity.The ​gauge ⁠of employment rose to an adjusted 55.0 ​from 52.2 in ​July.
    Trump says if the Fed doesn't cut rates, he'll stop trading with some nations teaser image

    Trump says if the Fed doesn't cut rates, he'll stop trading with some nations

    WASHINGTON, Sept 4 (Reuters) - U.S. President Donald Trump on ‌Friday said that unless the Federal Reserve cut interest rates, he ​would stop trading with ​countries with which the United States ⁠had a deficit."High interest ​rates put the U.S.A. at a ​very unfair disadvantage, and I won't allow that to happen!" said Trump, who has repeatedly demanded ​that the Fed cut rates.
    Yields rise, stocks mostly ease after solid U.S. jobs report teaser image

    Yields rise, stocks mostly ease after solid U.S. jobs report

    NEW YORK, Sept 4 (Reuters) - Treasury ​yields and the dollar rose, while the S&P 500 eased on Friday after U.S. job ‌growth accelerated in August and the unemployment rate held steady.The monthly report suggests the labor market remains stable and raised expectations that the U.S. Federal Reserve will raise interest rates later this month, as investors look ahead ​to next week's consumer inflation as key to that determination.
    Gold slides after robust US payrolls boosts rate hike bets teaser image

    Gold slides after robust US payrolls boosts rate hike bets

    Sept 4 (Reuters) - Gold fell on ​Friday and was headed for a weekly loss after stronger-than-expected U.S. jobs ‌data boosted expectations that the Federal Reserve could raise interest rates as soon as this month, denting non-yielding bullion's appeal.Spot gold slipped 1.1% to $4,422.91 per ounce by 10:50 a.m. EDT (1447 GMT), putting it on track for a ​mild weekly decline. After the data, bullion fell more than 2% to an intraday ​low of $4,364.99 per ounce.U.S. gold futures for December delivery dropped 1.5% to $4,469.80 per ⁠ounce.
    Strong job gains signal Fed hike as Trump levels new rate-cut demand teaser image

    Strong job gains signal Fed hike as Trump levels new rate-cut demand

    Sept 4 (Reuters) - Between a strong jobs report Friday that adds to the case for U.S. interest-rate hikes and a novel threat from President Donald ​Trump to stop trade with some countries unless the Federal Reserve cuts rates, Fed Chairman Kevin Warsh faces a squeeze: risk presidential ire by tightening monetary policy at the central bank's meeting in two ‌weeks, or skip it and risk a hit to credibility after his own recent hawkish rhetoric.
    Citigroup delays Fed rate-cut forecast to 2027 after strong U.S. jobs report teaser image

    Citigroup delays Fed rate-cut forecast to 2027 after strong U.S. jobs report

    Sept 4 (Reuters) - Citigroup ‌on Friday pushed back its forecast for the Federal Reserve's next interest-rate cut to June 2027 after a stronger-than-expected U.S. ​jobs report reinforced views that the labor market ​remains resilient and reduced the need for near-term ⁠monetary easing.
    Canada's TSX declines after US jobs data fuels rate-hike bets teaser image

    Canada's TSX declines after US jobs data fuels rate-hike bets

    Sept 4 (Reuters) - Canada's main stock index opened lower on Friday after stronger-than-expected U.S. jobs data prompted investors to increase bets on an interest-rate hike by ​the Federal Reserve this month.The S&P/TSX Composite Index (.GSPTSE), fell 0.4% to ‌36,494.42 at 09:44 a.m. ET.Data showed U.S. job growth accelerated sharply in August while the unemployment rate held steady at 4.1%, pointing to a still stable labor market.