Wells Fargo Advisors will now offer fee-free trading
Bank of America strategists are still considering the scenario that the Federal Reserve may not hit snooze on interest rates
Goldman Sachs Group Inc. has partnered with Palo Alto, Calif.-based startup QC Ware Corp. to explore the use of quantum computing
Citigroup Inc. announced the promotion of 14 women executives to managing directors in Asia, representing 31% of the 45 managing director appointments in the region in 2019, Bloomberg News reports, citing a memo sent by Asia-Pacific CEO Peter Babej. The bank, which has been trying to close the gender gap
In an interview, HighTower CEO Bob Oros said the number of the firm's acquisitions could
The U.S. Securities and Exchange Commission has given a green light
Additionally, SEC Chairman Jay Clayton told lawmakers at a Senate hearing that the regulator will not put caps on amounts awarded to whistleblowers
In a letter, the American Bankers Association has asked the National Credit Union Administration to withdraw or significantly revise its "seriously flawed" proposals
In other parts of the world
Asia-Pacific: China scraps insurance JV ownership limits; Philippines probes Westpac
Europe: Credit Suisse cuts key target; HSBC's Swiss unit fined; UBS suffers court defeat
Middle East & Africa: QNB names CEO; Fitch downgrades HSBC's UAE unit; Tunisian insurer plots IPO
Now featured on S&P Global Market Intelligence
Fed may signal flat rate path for 2020, but markets anticipate a bit more easing: The Federal Reserve is poised to take a break from cutting interest rates on Dec. 11, but those looking for clear guidance on how long its pause will last will likely be disappointed.
Trading activity mixed at major online brokers in October: Daily average revenue trades at Interactive Brokers Group dipped by 44,000 to 798,000, while DARTs at TD Ameritrade Holding jumped by 87,000 to 897,000 during the month.
C&I loans rise 6.3% YOY, delinquencies increase in Q3'19: U.S. banks and thrifts reported $2.216 trillion in commercial and industrial loans at the end of the third quarter, a $1.24 billion increase quarter over quarter and a $131.85 billion increase year over year.
The day ahead
Early morning futures indicators pointed to a mixed opening for the U.S. market.
In Asia, the Hang Seng rose 0.79% to 26,645.43, while the Nikkei 225 ticked 0.08% lower to 23,391.86.
In Europe, around midday, the FTSE 100 lost 0.08% to 7,208.31, and the Euronext 100 went down 0.21% to 1,120.01.
On the macro front
The U.S. Consumer Price Index, the quarterly services survey, the Atlanta Fed Business Inflation Expectations report, the U.S. Energy Information Administration Petroleum Status Report, the Federal Open Market Committee meeting announcement and the Treasury budget are due out today.
Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.
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