NASDAQ futures edge up after selloff in high caps Dollar hits highest in over two weeks Oil at near 7-wk high
LONDON/SYDNEY, May 5 (Reuters) - Global shares edged up on Wednesday as U.S. stock futures steadied after a pullback in tech darlings while European markets were buoyed by accelerating business activity and positive earnings.
The Euro STOXX index added 1.3%, heading for its best day in nearly two months, helped by data showing euro zone business activity quickened last month, while the services industry returned to growth.
Top performers included Germany’s Rational and Merck after well-received numbers.
The MSCI world equity index, which tracks shares in 49 countries, was trading 0.1% higher after a sell-off on Tuesday from near record highs.
Liberbank’s Q1 net rises 17% to 23 mlns, beats forecast Lenders set aside 53 mlns euros in COVID-related provisions Shares at Unicaja and Liberbank rise more than 2% (Adds comment from Unicaja’s CFO, shares, and breakdown)
MADRID, May 5 (Reuters) - Unicaja and Liberbank , which have agreed to create Spain’s fifth-largest bank by assets, made further provisions against COVID-19 in the first quarter in a move to clean up their books, which was welcomed by the market.
Shares in Unicaja and Liberbank were both up more than 2% at 0928 GMT, after the two lenders reported better-than-expected earnings and set out their provisions against the impact of the pandemic.
The European Union's public debt ceiling of 60% of gross domestic product no longer makes sense and should be revised as the EU reforms its fiscal rules, the head of the euro zone's bailout fund Klaus Regling said on Wednesday.
By Reuters Staff
1 Min Read
May 5 (Reuters) - The U.S. Treasury Department said on Wednesday it will keep its coupon issuance steady over the coming quarter, and that declines in outstanding Treasury bills should slow.
The Treasury said it will sell $58 billion in three-year notes next week as well as $41 billion in 10-year notes and $27 billion in 30-year bonds, unchanged from last quarter. Any shifts in borrowing needs will be met with changes in its issuance of Treasury bills and cash management bills, it added.
The Treasury also said it expects Congress to raise or suspend the U.S. debt limit in a timely manner, and that it may take certain extraordinary measures if Congress does not.
Danish lawmakers have passed legislation to allow the screening of future foreign investments to ensure they don't pose a threat to national security, the business ministry said on Wednesday.