News

U.S. judge halts Tegna's merger with Nexstar.

U.S. Treasury Department: License allows delivery and sale of Russian crude oil and petroleum products loaded on ships starting April 17.

U.S. Department of the Treasury: Issuing Russia-related general licenses.

The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC) and the Federal Reserve said the guidance is expected to be most applicable to banking institutions with assets exceeding $30 billion.

The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC) and the Federal Reserve issued revised model risk management guidance.

The Dow Jones Index closed up 869.20 points, or 1.79%, at 49447.92 points on April 17 (Friday);The S&P 500 Index closed up 84.7 points on April 17 (Friday) 9 points, an increase of 1.20%, to 7126.07 points;The Nasdaq Composite Index closed up 365.78 points, or 1.52%, to 24468.48 points on April 17 (Friday).

The U.S. State Department approved the possible sale of integrated combat systems and related support equipment to Germany for $11.9 billion.

ECB Governing Council Member Cazacs: I am not sure yet that the next interest rate adjustment will be a rate hike.

ECB Governing Council member Cazacs: I haven’t seen much spillover effect yet.

European Central Bank Governing Council member Cazacs: Tightening financial conditions are playing a certain role for the European Central Bank.

ECB Governing Council member Cazacs: If the economy heads into recession, interest rates may need to be cut.

ECB Governing Council member Cazacs: We are still closely monitoring the situation.

ECB Governing Council member Cazacs: I would not object to a bet on two interest rate hikes this year.

Market news: Spirit Airlines seeks U.S. government aid as soaring oil prices threaten recovery. Spirit Airlines has requested hundreds of millions of dollars in emergency funding from the Trump administration.

U.S. Commodity Futures Trading Commission (CFTC): Equity fund managers increased their net long positions in CME S&P 500 Index futures by 71,259 contracts in the week ended April 14, to 1,011,108 contracts. Stock speculators increased their net short position in CME S&P 500 futures by 186,638 contracts to 414,897 contracts.

U.S. President Trump accused Spain on social media of not cooperating with the United States in its actions against Iran.

Japanese Finance Minister Katayama Satsuki: (Talk about the yen’s rebound) Recent fluctuations are largely driven by speculative trading.

Fed Governor Waller: We are seeing social norms surrounding the Federal Reserve being broken, but its independence has not yet been affected.

Fed Governor Waller: Private credit will not run like banks, so the risk is lower. We currently do not see systemic risks from private credit.

Fed Governor Waller: Private credit is not a big area in financial markets.