The latest news and events driving markets around the world, supplied by Marketwatch and Reuters.
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- Package delivery company FedEx Corp (FDX.NaE) said on Wednesday its expects to incur roughly $350 million in integration costs related to its acquisition of Netherlands-based TNT Express during 2018, some $75 million higher than previous estimates.
Retail shares extend gains after strong August sales report. U.K. stocks closed slightly lower Wednesday as a brief surge in the pound yanked the benchmark FTSE 100 to session lows, but retail shares added to gains after monthly British retail sales leapt past expectations. All the moves were made before Wednesday's marquee event for global markets took place: the U.S.
Thyssenkrupp shares rises on Tata deal news; Spain shares under pressure. European stocks wavered Wednesday, with investors seeming to hold off before the U.S. Federal Reserve's policy update, even as they assessed deal news from Thyssenkrupp and other corporate reports.
Bilello says Wall Street's run has refuted a few well-known investing myths. The two most important lessons from the second-longest bull market in history may be that conventional wisdom is often be wrong and that it's OK for an investor to say "I don't know," according to one market guru. Charlie Bilello, director of research at Pension Partners LLC, on Tuesday posted a retrospective of the S&P 500' s 340% climb-- including dividends-- from the nadir of March 2009 to the dizzying heights...
Nikkei flat after Tuesday's 2- year high; little fallout from Trump's fiery speech. Equity trading across Asia was muted early Wednesday on caution before the U.S. After a solid start to the week, markets were treading water as investors awaited monetary policy guidance from the Federal Open Market Committee.
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