Home Depot Bulks Up ProBusiness with 18.25B Deal for Building Products Supplier SRS

March 28 Reuters Home Depot will buy building materials supplier SRS Distribution in an 18.25 billion deal, in the top U.S. home improvement chain39;s largest deal as it looks to broaden its professional customer base to better tackle tepid demand. The company and rival Lowe39;s Cos have projected a slower recovery this year as U.S. consumers pause big home […]
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Tesla Deliveries Face Hit from China Slowdown, Soft Demand

March 28 Reuters Tesla is expected to report sluggish firstquarter deliveries next week as the boost from its price cuts wanes and the U.S. automaker grapples with strong competition for buyers in a slowing electricvehicle market. After years of rapid sales growth that helped turn it into the world39;s most valuable automaker, Tesla is bracing for […]
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Australias Inflation Stable, Feds Waller no Rush for Cuts. Wall St Shakes, High Volatility for U.S. Indices, USD Strengths with Feds Statements, Gold sees more Gains, Crude Oil Reverses

Previous Trading Days Events 27.03.2024 Federal Reserve Governor Christopher Waller said there is no rush to lower interest rates, emphasising that recent economic data warrants delaying or reducing the number of cuts seen this year. Waller described recent inflation figures as disappointing and said he wants to see at least a couple months of better […]
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Markets Brace for more Rate Cut Mood Swings after Wild Q1

LONDON, March 28 Reuters Global bond and equity markets are ending the first quarter on a high, with investors poised for more wild swings after months of lurching between optimism and pessimism about prospective rate cuts from major central banks. MSCI39;s global share index, which struck record highs in March, has risen almost 10 since midJanuary after traders dropped […]
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Sterling Bows to Dollar Strength after UK GDP Data

LONDON, March 28 Reuters The pound eased on Thursday after data confirmed the UK economy entered recession in the second half of last year and as the dollar put on a display of broadbased strength as the month and the quarter end. Action in the currency market has been dominated this week by the prospect of the […]
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Europe Shares Gain ahead of Easter Break, Eye Quarterly Gains

Millicom gains after JP Morgan upgrade Casino slumps after financial restructuring German retail sales fall unexpectedly in Feb STOXX 600 up 0.3 March 28 Reuters European shares inched higher on Thursday, heading into the long Easter weekend, propped up by gains in JD Sports after reiterating its annual profit forecast, while the benchmark index eyed […]
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