Articles by Daniel Marsh
Mortgage Rates Hold Steady Near 6.3% as Key Economic Data Awaited
U.S. 30-year fixed mortgage rates remained near 6.28% early Tuesday, with markets focused on upcoming employment and inflation reports. Rocket Companies shares gained in premarket trading.
Markets Await Retail Sales Data and Treasury Auction Amid Flat Futures
U.S. stock futures held steady early Tuesday as investors braced for December retail sales figures and a $58 billion 3-year Treasury note auction. The Dow closed at a record high for a second consecutive session on Monday.
FTSE 100 Slips as BP Pauses Buybacks, StanChart Dives; AstraZeneca Gains
The FTSE 100 fell 0.4% early Tuesday, pressured by sharp declines in BP and Standard Chartered, while AstraZeneca climbed on a solid outlook. Sterling weakened amid political and rate uncertainty.
Indian Equities Extend Gains on Foreign Inflows and Trade Optimism
Indian benchmarks rose for a third consecutive session, supported by foreign portfolio investments and optimism around a U.S. trade framework. Auto and metal stocks led the advance.
ASX 200 Ends Flat Amid AI Jitters; CSL Tumbles on CEO Exit
The S&P/ASX 200 closed virtually unchanged, dipping 2.7 points to 8,867.40. Insurance brokers slumped on AI competition fears, while CSL fell 5% after its CEO announced retirement.
Transocean's $5.8B Valaris Acquisition Sparks Pre-Market Rally
Transocean shares climbed 6% premarket after announcing an all-stock merger with Valaris, creating a combined fleet of 73 rigs with a $10 billion backlog.
Valaris Shares Retreat in Premarket Following Transocean Acquisition-Driven Surge
Valaris stock declined 2% in premarket trading after a 34% rally on news of an all-stock takeover by Transocean, valued at $82.12 per share.
Abpro Holdings Soars 94% Premarket on Goldman Sachs Stake Disclosure
Abpro Holdings shares surged nearly 94% in premarket trading after a regulatory filing revealed Goldman Sachs holds a 6.8% passive stake in the biotech firm.
Quince Therapeutics Engages LifeSci for Strategic Review Amid Phase 3 Setback
Quince Therapeutics shares fell 6.6% in premarket trading after hiring LifeSci Capital to explore strategic alternatives and debt restructuring, following a failed Phase 3 trial and board resignations.
30-Year Mortgage Rates Hold Steady Near 6% as Fed Pause Extends
The average 30-year fixed mortgage rate remained at 5.99% this week, with limited movement as the Federal Reserve's next meeting is not until March. A survey indicates most buyers would reconsider plans if rates climb above 6%.

