Reuters - Daily Investor Update

Click to View in Browser

Friday, September 29, 2017

Big week for dollar, records on Wall St. as quarter ends

NEW YORK (Reuters) - The dollar was poised for its strongest week of the year on Friday, while world stock markets climbed back near record-high levels on the last trading day of the quarter.

S&P 500, Nasdaq hit records on tech lift

(Reuters) - The S&P 500 and the Nasdaq advanced to record levels on Friday, buoyed by gains in technology stocks, while each of the major indexes closed out the quarter with solid gains.

Bankers anxious over consumer reactions to Equifax breach

(Reuters) - U.S. lenders are concerned their consumer loan and credit card businesses could be stymied if large numbers of people lock or freeze their credit reports to protect themselves in the wake of the Equifax Inc hack.

Equifax board launches review of executive stock sales after data breach -letter

WASHINGTON (Reuters) - Equifax Inc told the U.S. House of Representatives in a letter made public on Friday that its board of directors has formed a special committee to review stock sales by company executives made weeks before the credit-reporting service disclosed a massive data breach.

ISS says P&G investors should vote Peltz on to board

NEW YORK (Reuters) - Institutional Shareholder Services, the influential proxy adviser, said on Friday shareholders in Procter & Gamble Co should vote activist investor Nelson Peltz to the board of the consumer goods giant.

Bullish oil streak means strongest third quarter Brent price gain in 13 years

NEW YORK (Reuters) - Oil prices closed up on Friday after a rally in prices around geopolitical instability in Iraqi Kurdistan helped Brent make its strongest third-quarter price performance since 2004.

UK regulator says Ryanair 'capitulates' to pressure on passengers' rights

DUBLIN (Reuters) - Britain's aviation regulator said on Friday that Ryanair had "capitulated" to pressure to inform passengers hit by flight cancellations of their rights, and would keep pushing the airline to fully compensate them.

Lagging U.S. online giants, Europe calls on them to pay up

TALLINN (Reuters) - French, Italian and other European leaders upped the pressure on mostly U.S. tech giants to pay their fair share of taxes in the European Union and abide by the bloc's rules when they met on Friday, but were still far from a consensus on the issue.

Hurricane Harvey curbs U.S. consumer spending; inflation muted

WASHINGTON (Reuters) - U.S. consumer spending barely rose in August likely as Hurricane Harvey weighed on auto sales, while annual inflation increased at its slowest pace in nearly two years, pointing to a moderation in economic growth in the third quarter.

Hurricanes will likely 'hit' U.S. GDP growth in third quarter: Trump

WASHINGTON (Reuters) - President Donald Trump said on Friday that U.S. economic growth in the third quarter would likely be reduced by hurricanes that recently struck the nation's southwest, southeast and U.S. territories in the Caribbean.