Poland’s central bank kept interest rates unchanged for a second month on Wednesday as the energy-price impact of the Iran war revives long-benign domestic inflation. The rate-setting Monetary Policy Council kept the benchmark at 3.75%, matching the expectations of all 28 economists surveyed by Bloomberg. The zloty stayed stronger against the euro after the announcement. The 10-member panel cut ra...
Poland’s central bank kept interest rates unchanged for a second month on Wednesday as the energy-price impact of the Iran war revives long-benign domestic inflation. The rate-setting Monetary Policy Council kept the benchmark at 3.75%, matching the expectations of all 28 economists surveyed by Bloomberg. The zloty stayed stronger against the euro after the announcement. The 10-member panel cut rates in March, just days after the Iran war started, and has since switched to a wait-and-see stance. An unexpected acceleration in price growth last month is fueling speculation that policymakers will ramp up their anti-inflation rhetoric, effectively opening the path for Poland to raise interest rates later in the year. Governor Adam Glapinski will hold his monthly news conference at 3 p.m. on Thursday. Investors will also check the central bank’s statement, due at 4 p.m. in Warsaw, for a tougher tone. Amid a jump in global energy prices, Poland’s headline inflation jumped to 3.2% in April, near the 3.5% upper limit of the central bank’s target range. Before the spike, price growth data repeatedly undershot expectations, paving the way for 200 basis points in rate cuts since May last year. Economists at Morgan Stanley forecast two hikes during 2026, while derivatives also signal growing bets on a looming policy tightening.
NANO Nuclear Energy ( NNE ) on Wednesday said it has signed a memorandum of understanding with Super Micro Computer ( SMCI ) to explore powering data centers with small-scale nuclear reactors. The partnership will assess integrating NANO’s microreactors with Supermicro’s AI servers and infrastructure to deliver on-site, round-the-clock power for data centers, as electricity demand surges with the ...
NANO Nuclear Energy ( NNE ) on Wednesday said it has signed a memorandum of understanding with Super Micro Computer ( SMCI ) to explore powering data centers with small-scale nuclear reactors. The partnership will assess integrating NANO’s microreactors with Supermicro’s AI servers and infrastructure to deliver on-site, round-the-clock power for data centers, as electricity demand surges with the growth of AI. The companies will also look at joint deployments and go-to-market strategies targeting hyperscale and enterprise customers, aiming to develop systems that combine computing and power in a single solution. The agreement is non-binding but sets the stage for potential future deals as both firms seek to address energy constraints facing the fast-growing AI sector. More on NANO Nuclear Energy NANO Nuclear Energy: Making Moves In The Drawdown NANO Nuclear Energy: I Added More At These Price Levels (Earnings Review) NANO Nuclear Energy Inc. (NNE) Q1 2026 Earnings Call Transcript NANO Nuclear advances proposal for uranium production plant in Argentina Most and least shorted industrial stocks with up to $2B market cap
Is good news about the economy bad news for the stock market once again? That question is top of mind on Wall Street these days, as investors look ahead to key data on the labor market and inflation while Kevin Warsh awaits Senate confirmation as the next chair of the Federal Reserve with a presumed strong desire to lower interest rates. However, a hot economy paired with still-elevated oil prices...
Is good news about the economy bad news for the stock market once again? That question is top of mind on Wall Street these days, as investors look ahead to key data on the labor market and inflation while Kevin Warsh awaits Senate confirmation as the next chair of the Federal Reserve with a presumed strong desire to lower interest rates. However, a hot economy paired with still-elevated oil prices has almost completely dashed hopes for a rate cut this year — removing a bullish tailwind for the stock market. In fact, bond traders are boosting wagers that the central bank’s next policy move could be a rate hike rather than a cut. Expectations may shift further on Friday when the US employment report for April is released and on May 12, when data is expected to show an acceleration in consumer inflation. “The bar is getting higher for rate cuts given the interesting mix we have of a worsening inflation outlook but increasingly stable labor outlook,” said Kevin Gordon , head of macro research and strategy at the Schwab Center for Financial Research. “If the labor market does start to retighten and inflation takes longer to cool — driven mostly by a protracted war in Iran — I think markets would be at risk of correcting given the attendant tightening in financial conditions.” Inflation surged in March by the most in nearly four years , a consequence of the Middle East conflict. A record increase in gas prices was responsible for almost three-quarters of the monthly advance, the Bureau of Labor Statistics said last month. Economists expect the increase in the consumer price index accelerated further in April, from 3.3% to 3.8% year-over-year, according to the median estimate in a Bloomberg survey. And while energy markets on Wednesday took some solace from US efforts to end the Iran war, Brent crude remains above $100 a barrel and West Texas Intermediate oil is trading near $95. Wells Fargo Investment Institute’s Sameer Samana expects higher energy prices and inflation wi...
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gazanfer/iStock via Getty Images The relentless melt up in stock prices continued yesterday in what feels like the most powerful bull market that I can remember since 1999. I say that because all news is interpreted as good news, and what is clearly bad is completely ignored. This market isn’t climbing a wall of worry. It is plowing right through it. I have no complaints. I have been gradually inc...
gazanfer/iStock via Getty Images The relentless melt up in stock prices continued yesterday in what feels like the most powerful bull market that I can remember since 1999. I say that because all news is interpreted as good news, and what is clearly bad is completely ignored. This market isn’t climbing a wall of worry. It is plowing right through it. I have no complaints. I have been gradually increasing liquidity as stocks keep climbing so that I am better positioned for the next inevitable pullback, which I think will ensue once we move past this earnings season. It is much easier to do this when you are taking profits with the major market indexes at extremely overbought levels. Stock index charts (Finviz) I suspect the blow off top for this bull run comes with the conclusion of the war in Iran. It seems clear that the Trump administration wants to end this as soon as possible with gas prices soaring and poll numbers showing the conflict is extremely unpopular. The administration asserts that the ceasefire is holding and that Project Freedom is a defensive and temporary operation to reopen the strait. Yet Iran is firing missiles and drones at ships trying to cross, including the US Navy. Evidently, this doesn’t seem to matter. The fact that Trump administration officials are ignoring Iran’s escalation, asserting the military operations are over, and transitioning to what they call an economic war tells me the President has had enough. Stocks at highs (Bloomberg) Just two days after President Trump announced Project Freedom he is “pausing” at the request of Pakistan to see if an agreement between the US and Iran can be finalized and signed. Again, this tells me he is looking for an exit strategy that reopens the strait and ends the military conflict in a way that brings oil prices sharply lower. Project Freedom managed to escort 13 commercial vessels through the strait over a two-day period, while being attacked with missiles and drones. There are some 1,500 vesse...
(RTTNews) - While reporting financial results for the first quarter on Wednesday, electric utility Exelon Corp. (EXC) affirmed its adjusted operating earnings guidance for the full year 2026 in the range of $2.81 to $2.91 per share.
(RTTNews) - While reporting financial results for the first quarter on Wednesday, electric utility Exelon Corp. (EXC) affirmed its adjusted operating earnings guidance for the full year 2026 in the range of $2.81 to $2.91 per share.