Reuters Daily Investor Update: April 20, 2017

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Thursday, April 20, 2017

Worries over Trump policies cloud start of IMF, World Bank meetings

WASHINGTON (Reuters) - World finance leaders are gathering on U.S. President Donald Trump's home turf on Thursday to try to nudge his still-evolving policies away from protectionism and show broad support for open trade and global integration.

IMF can cooperate with Trump to improve global trade: Lagarde

WASHINGTON (Reuters) - International Monetary Fund Managing Director Christine Lagarde said on Thursday she believes the IMF can work with the Trump administration to improve the global trading system, but cautioned against jeopardizing open trade as a growth engine.

Oil prices flat in choppy trade, rising U.S. production weighs

NEW YORK (Reuters) - Oil prices were little changed on Thursday in a seesaw trading session, as investors weighed rising U.S. production against comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely.

Euro, stocks gain ahead of French election; Treasuries slip

NEW YORK (Reuters) - The euro and stocks on major markets recovered on Thursday as a market-friendly presidential candidate held the lead ahead of Sunday's first-round election in France, while the yen and U.S. Treasury prices weakened.

Verizon profit, revenue misses Wall Street view as subscribers dash

(Reuters) - Verizon Communications Inc on Thursday reported its first-ever quarterly loss of subscribers, even as it offered an unlimited data plan, raising questions on whether the No. 1 U.S. wireless carrier may need a larger acquisition than Yahoo to diversify its business.

Germany's Schaeuble: ESM could turn into European monetary fund

WASHINGTON (Reuters) - German Finance Minister Wolfgang Schaeuble said on Thursday it would be possible to develop the euro zone's European Stability Mechanism (ESM) rescue fund into a European monetary fund soon.

Germany's Schaeuble presses ECB to unwind loose monetary policy

WASHINGTON (Reuters) - It would not be a bad idea for the European Central Bank and other central banks to follow the U.S. Federal Reserve's example and change course away from an ultra-accommodative monetary policy, German Finance Minister Wolfgang Schaeuble said.

Wall Street climbs as earnings gather pace; AmEx boosts Dow

(Reuters) - Wall Street was higher in late morning trading on Thursday, boosted largely by gains in financial and materials stocks.

U.S. labor market tightening; mid-Atlantic factory activity cools

WASHINGTON (Reuters) - New applications for U.S. jobless benefits rose slightly more than expected last week, but a drop in the number of Americans on unemployment rolls to a 17-year low suggested the labor market continues to tighten.

Eyeing U.S. market, Chinese automaker may change Trumpchi brand name

SHANGHAI (Reuters) - When Chinese automaker GAC Motor was preparing to enter the United States market it foresaw challenges in product localization and regulation, but didn't see any issue with the name of its flagship brand, Trumpchi.

Reuters Daily Investor Update: April 20, 2017

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