Reuters - Daily Investor Update

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Tuesday, March 7, 2017

Confronted by market doubts, Federal Reserve drove March rate rise expectations

NEW YORK/SAN FRANCISCO (Reuters) - Early last week, financial markets saw just a 30 percent chance of the Federal Reserve raising interest rates in March; but by Friday after a striking series of comments from Fed officials, including Chair Janet Yellen, traders saw an 80 percent chance.

Pharma, bank stocks pull Wall Street lower

NEW YORK (Reuters) - U.S. stock prices closed lower on Tuesday as weakness in drug and financial shares sent the S&P 500 and the Dow Jones Industrial Average to their first consecutive sessions of declines in more than a month.

G20 draft no longer rejects protectionism or competitive devaluations

BRUSSELS (Reuters) - The world's financial leaders may no longer explicitly reject protectionism or competitive currency devaluations, a draft communique of their meeting next week showed, promising only to keep an "open and fair international trading system".

Brookfield to take control of SunEdison units for $1.41 billion

(Reuters) - Brookfield Asset Management Inc said on Tuesday it would buy one of the two "yieldcos" of bankrupt U.S. solar company SunEdison Inc and take a 51 percent stake in the other, for a total of about $1.41 billion.

Exclusive: Embraer sees new E195 first flight sooner than expected

SAO PAULO (Reuters) - Embraer SA is on track to fly its next-generation E195-E2 commercial jet by June after an earlier-than-expected rollout of its first prototype on Tuesday, a senior executive at the Brazilian planemaker said.

United looking at second-hand aircraft, rules out A380

SAN DIEGO (Reuters) - United Continental Holdings is interested in buying second-hand aircraft as they are released to the market when leases expire, Chief Finance Director Andrew Levy said on Tuesday.

EU consumer agencies to join forces to press VW over dieselgate scandal

BRUSSELS (Reuters) - European national consumer agencies plan joint action to seek compensation for Volkswagen drivers who bought emissions-cheating diesel cars on the strength of their green credentials, the European Commission said on Tuesday.

Exclusive: Mexico cancels sugar export permits to U.S. in trade dispute

MEXICO CITY (Reuters) - Mexico has canceled existing sugar export permits to the United States in a dispute over the pace of shipments, according to a letter seen by Reuters, in a flare-up industry sources said could temporarily disrupt supplies.

China's ZTE pleads guilty, settles with U.S. over Iran, North Korea sales

NEW YORK (Reuters) - Chinese telecom equipment maker ZTE Corp has agreed to pay $892 million and plead guilty to criminal charges for violating U.S. laws that restrict the sale of American-made technology to Iran and North Korea.

Snap shares tumble as short sellers move in

SAN FRANCISCO/NEW YORK (Reuters) - Snap Inc's shares tumbled 12 percent on Tuesday and traders raced to position themselves to cash in on further declines after analysts gave the company a lukewarm reception following its red-hot market debut.