Powered minutes; Glencore encapsulates coal; Reverse for Walmart



The central bank slowed its interest rate hike plan twice in January 2019 in January, suggesting it could be done with temporary increases.

The rapid turnaround in its strategy immediately led to the belief that the central bank was yielding under pressure from Wall Street, after fears of an overly aggressive Fed allowed the markets to collapse in November and December. The minutes could give investors a more precise insight into the central bank's thinking.

2. Glencore encapsulates the charcoal: Glencore (GLCNF) announced its intention to cap its coal production at current levels to align its commercial strategy with the goals of the Paris climate agreement.

The mining and commodities giant announced that it will also set new targets to reduce emissions from its operations and products, under shareholder pressure.

"As one of the largest diversified mining companies in the world, we have a key role to play in the transition to a low-carbon economy," said Glencore in a statement.

Glencore announced Wednesday lower-than-expected profits for 2018 and announced a $ 2 billion stock repurchase program. Its shares were trading 2.5% higher.

3. Reverse for Walmart: Shares in the UK supermarket chain Sainsbury & # 39; s (JSNSF) 15% after UK regulators expressed skepticism about its merger with Asda, owned by Walmart (WMT).

The Competition and Markets Authority said the deal could result in higher prices and fewer choices for buyers. The watchdog also said worried about potential price increases at the service stations of both chains. The findings are tentative and both companies will now have a chance to respond.

Sainsbury's said he was "surprised" by the results and promised to continue to fight for the merger. The agreement would lead to the largest supermarket chain in the country.

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4. World Market Overview: European markets opened up after a positive session in Asia.
US equities closed slightly higher on Tuesday, as investors are cautiously optimistic about continued trade talks between the US and China. The S & P 500 and the Nasdaq rose 0.2%, while the Dow finished on a roll.
Bloomberg reported Wednesday that the United States was asking China to keep the value of its currency stable in the negotiations. The commitment could be part of a final agreement between countries.
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5. Earnings and businesses: CVS Health (CVS) and Gannett (GCI) will publish earnings before the opening. Cheesecake Factory (CAKE), Go dad (GDDY) and Jack in the box (JACK) are lifted after closing.
Actions in Lloyds Bank (LLDTF) rose 2.9% after the announcement by the UK bank of better than expected results.
Swiss bank UBS (UBS) A major fine could be imposed Wednesday in Paris following a lawsuit against an allegation that it would have helped French customers not to pay tax.
6. Coming this week:
Wednesday – CVS (CVS), Jack in the box and Cheesecake Factory (CAKE) declare earnings
Thursday – Deutsche Telekom (DTEGY), Barclays (BCS), Baidu (BIDU), Domino's and Wendy's report results
Friday – Berkshire Hathaway (BRKA) earnings

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