Reuters - Daily Investor Update

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Friday, September 15, 2017

Global stocks set new highs, dollar weakens on data

NEW YORK (Reuters) - A gauge of global equities rose and shares on Wall Street set new highs on Friday as investors shrugged off the latest missile test by North Korea, while the dollar eased on unexpected weak economic data that dimmed the likelihood for a U.S. rate hike.

Morgan Stanley to handle mortgage originations in home-loan push: sources

(Reuters) - Morgan Stanley plans to bring its mortgage origination business in-house to improve customer service and generate more business, two people familiar with the matter told Reuters on Friday.

Wall Street hits record high, S&P 500 teases 2,500-mark

(Reuters) - Wall Street touched intra-day record highs on Friday, with the S&P 500 approaching the 2,500 mark as technology stocks bounced back after two days of declines.

Oil holds near five-month high in most bullish week since July

NEW YORK (Reuters) - Brent oil prices held near five-month highs on Friday, and were on track for the biggest weekly gain since late July, on forecasts for rising demand and the gradual restart of U.S. oil refineries.

Exclusive: Canada sought to resolve Boeing military, trade disputes at meeting - sources

OTTAWA/MONTREAL (Reuters) - Canada last month attempted to end a deepening dispute with Boeing Co by suggesting it could withdraw a threat not to buy Super Hornet jets if the U.S. firm dropped a trade challenge against Canadian planemaker Bombardier Inc , three people with knowledge of the matter told Reuters.

Rising credit card delinquencies to add to U.S. banks' worries

(Reuters) - U.S. banks, already under pressure from slower loan growth and low interest rates, could be facing yet another challenge as a rising number of Americans fall behind on their credit card payments.

Hurricane Harvey slams U.S. retail sales, industrial output

WASHINGTON (Reuters) - U.S. retail sales unexpectedly fell in August and industrial output recorded its biggest drop since 2009 as Hurricane Harvey disrupted activity, suggesting the storm could dent economic growth in the third quarter.

Bitcoin bounces 20 percent after dipping below $3,000

LONDON (Reuters) - Bitcoin bounced by more than 20 percent in the space of just four hours on Friday, having skidded below $3,000 earlier as Chinese authorities ordered Beijing-based cryptocurrency exchanges to stop trading.

Macy's to hire 80,000 workers for holidays, fewer than last year

(In Sept. 14 story, corrects paragraph 6 to say Radial, not retailers, will hire more workers. Also clarifies Radial's description)

Accenture sees 'secular downward' trend in bank fees

SAO PAULO (Reuters) - Bank's services fees face "secular downward" pressure in the long run, which will drive lenders back toward credit transactions whose margins are resilient to competition and new technologies, a senior executive at management consultants Accenture Plc said.