Rates Alerts : Market Wrap By China Stimulus Boost
The S&P 500 and Nasdaq 100 faced challenges in building on small advances, raising concerns about the world’s largest economy potentially entering a recession. Treasury rates and a dollar index fell for a third day, while European and US central bankers signaled they have reached a turning point in the fight against inflation. Stock bulls…
Even as dealmaking stalls, US banks post increased profits.
Wall Street banks are expected to report stronger second-quarter profits as growing interest payments offset a dealmaking slowdown. Universal banks like JPMorgan and Wells Fargo are expected to report EPS increases of more than 40%, while BAC.N’s EPS may rise over 7%. Citigroup is predicted to fall 43% behind its peers in EPS. Goldman Sachs’…