Stocks Drop After JPMorgan Chase, Wells Fargo Results Land

Part of the drag on stocks: a muted outlook for the rest of the year from JPMorgan. 


 
Consumer sentiment falls in April on worries about sticky inflation

An early reading of consumer sentiment in April retreated from a 32-month high, a sign of some frustration on the part of Americans about lingering inflation. 


 
Import inflation rises for third month in a row. Higher oil prices play big role.

The cost of imported goods rose in March for the third month in a row because of higher oil prices, adding a little bit to upward pressure on U.S. inflation. 


 
Canada Existing Home Sales Edge Up 0.5% in March

Canada's real estate market was relatively steady last month, with sales of existing homes ticking higher, prices slipping modestly and new listings declining ahead of early signs of a rebound in April. 


 
China Exports Rise as Trade Tensions Mount

Exports picked up in the first quarter of the year, a sign that Beijing's push to lift growth by propping up manufacturing is getting results. 


 
Gold Futures Hit New Record on Central Bank Buying, Safe-Haven Demand

Gold futures have set another record high, with the rally driven by central bank purchases, safe-haven demand and geopolitical tensions. 


 
IEA Expects Global Oil-Demand Growth to Slow Further in 2025

The International Energy Agency cut its forecast for oil-demand growth this year and said the pace of expansion is set to further decelerate in 2025 as the post-pandemic rebound runs its course and the electric-vehicle rollout weighs on consumption. 


 
Bernanke Urges BOE to Highlight Alternative Paths for Economy and Policy

The Bank of England said it will place more stress on developments that could upend its expectations for the U.K. economy and future interest rates as part of an overhaul of forecasting and communications recommended by Ben Bernanke. 


 
Week Ahead for FX, Bonds

Rate uncertainty puts economic indicators under scrutiny in the U.S. and Europe, while China data is also in focus. 


 
U.K. Edges Toward Recovery But Rate-Cuts Remain in Focus

The U.K. economy continued to grow slowly in February as it looks to climb out a shallow slump, though calls will likely remain for the Bank of England to add some vigour with interest-rate cuts starting in June.


(END) Dow Jones Newswires

04-12-24 1115ET