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Economists at Barclays said they now expect the central bank to deliver a 75-basis-point rate increase at the monetary-policy meeting on June 14-15. They said that they disagree with the market’s continued expectation for a 50-basis-point hike next week, saying, “[W]e think the US central bank now has good reason to surprise markets by hiking […]
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Garmin Ltd. GRMN, -1.91% said Friday that is shareholders have approved an annual dividend of $2.92 a share, up 9% from the previous dividend of $2.68 a share. The Switzerland-based navigation, communications and information devices maker said receiving shareholder approval for dividends is in accordance with Swiss corporate law. Based on current stock prices, the […]
The United States equities markets tumbled on June 10 after the Consumer Price Index (CPI) report showed inflation soaring 8.6% from a year ago, the highest increase since 1981. The latest figures show that talks of inflation having peaked were premature and according to Bloomberg, investors are pricing in the key interest rate of 3% by […]
Economists at Jefferies, like those at Barclays, now expect the Federal Reserve to hike by 75 basis points at the June 14-15 policy meeting “as inflation expectations begin to de-anchor.” In a note, Jefferies economists Aneta Markowska and Thomas Simons wrote that Friday’s inflation data — both the CPI and UMich inflation expectations — “are […]
ANNOUNCEMENT BY THE FINANCIAL SERVICES AND MARKETS AUTHORITY, PUBLISHED IN APPLICATION OF ARTICLE 78 OF THE LAW OF 21 NOVEMBER 2017 Trading in the financial instruments of Beluga, ISIN BE0003723377 on Euronext Brussels will re-open on 13/06/2022 at 11:30 CET. Source: FSMA