|
*
U.S. stocks ended flat on Tuesday as financial and consumer
staples shares bounced.
* Applications for U.S. home mortgages rose last week, while
interest rates hit their highest level since November 2014, data
released on Wednesday showed.
* Investors continue to await on the timing of the first rate
hike since 2006 by the U.S. Federal Reserve as economic data
points to a recovering U.S. economy, which had come to a
standstill in the first quarter.
* European shares also snapped a six-day losing streak, with
German equities rebounding from their lowest level since
February as traders said the recent sell-off had gone too far.
* U.S. bond prices slipped as they were also hit by this week's
flood of supply, sending the 10-year U.S. benchmark bond yield
to an eight-month high of 2.458 percent.
* The U.S. dollar index hit a three-week low, with analysts
pointing to debate around the G7 summit regarding the speed of
the dollar's rise as the U.S. prepares to end years of cheap
central-bank cash.
* HCC Insurance Holdings shares soared 32.5 percent to $75.14 in
premarket trading after Tokio Marine Holdings said it had agreed
to buy U.S. specialty insurer for $7.5 billion.
* Netflix was up 1.4 percent to $656 a day after shareholders
approved a massive increase in the number of shares the company
is authorized to issue, the first step toward a possible stock
split.
Futures snapshot at 7:29 a.m. ET:
* S&P 500 e-minis were up 7 points, or 0.34 percent, with
144,700 contracts traded.
* Nasdaq 100 e-minis were up 14.25 points, or 0.32
percent, on volume of 20,387 contracts.
* Dow e-minis were up 53 points, or 0.3 percent, with 20,600
contracts changing hands.
(Reporting by Tanya Agrawal; Editing by Saumyadeb Chakrabarty)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
