Neo4j, the largest owner Greenbridge, is planning an IPO on Nasdaq. The UK fell into a technical recession in the second half of last year. Airbus aims to deliver about 800 jets as Boeing struggles. Stellantis' margins dropped due to strike disruption and they announced a buyback. Close Brothers cancels dividend amid FCA review of car finance. TSMC's stock soars after broker upgrades on AI prospects. HDFC Bank reports boosted deposits from a mega-merger.
Relx plans to spend £1 billion on share buybacks and raises dividend. India's central bank remains vigilant on last mile disinflation. Philippines keeps key rate steady as price risks decrease. Modern Mills holders seek to raise $314 million in Saudi IPO. Storm off Australia's northern coast expected to bring heavy rainfall. Batteries for Europe's grids may finally be ready to take off. Key US allies warn Israel against planned offensive in Rafah. Australian miner South32 greenlights $2 billion investment
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US Stocks Tumble as Inflation Report Shows Slower Price CoolingUS stocks fell on Tuesday as investors reacted to a January inflation report that indicated prices were cooling slower than expected. The Dow Jones, S&P 500, and Nasdaq Composite all closed down more than 1% following the report. The Consumer Price Index (CPI) showed a 0.4% increase in core prices, the largest monthly gain since April 2023. Overall, prices increased 3.1%, surpassing economist estimates but slowing down from December's 3.4% gain.
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Europe’s Wild Gas Price Swings Hurt IndustryEurope is experiencing wild swings in gas prices, which is negatively impacting the industry. Meanwhile, a discount retailer from Mexico is planning to raise over $400 million through an IPO in the US. In addition, US payrolls have surged by 353,000 at the start of the year, leading to a jump in wages. First Quantum bonds are rallying as the miner works to free up cash. The dollar has hit a level near pre-pivot as job data creates uncertainty about rate cuts. Meta is planning a huge buyback, which could be one of the biggest of all time. ION Markets has pulled $1.
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Fed Holds Rate Steady and Inches Closer to Cutting in FutureThe Federal Reserve has decided to keep interest rates steady for now, but has hinted at the possibility of cutting rates in the future. This decision comes as artificial intelligence becomes a key factor for chip stocks, which are looking to extend their record highs. The Bank of England may also signal when rates can be cut in the near future. In other news, Amer Sports, the maker of Arc'teryx, has received $1.3 billion in an IPO that fell below expectations. Oil prices have experienced their biggest loss in three weeks due to robust US crude output. Additionally, a former Macquarie Banker has been chosen to lead a new $10 billion fund in Australia. Lastly, Milei has received approval from the IMF for a $4 billion project.
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