US stocks hit records highs on Wednesday following solid data on manufacturing and construction spending, as the minutes from the Federal Reserve’s latest meeting showed officials were divided over the prospect of three rate hikes this year.
Asian stocks continued to push higher, tracking record closes on Wall Street overnight and amid a small bounce in the US dollar.
European stocks held onto early gains on Wednesday, boosted by strength in the retail sector and good news regarding German unemployment, as investors looked to the latest Federal Reserve minutes for further insight into the US central bank's thinking.
Ford saw sales rise 0. 9% across the US in December in comparison to a year ago, a figure principally driven by the 89,385 F-Series pickup trucks sold throughout the month, which was more than twice as the 44,871 total of all other Ford passenger cars sold throughout the month.
A design flaw in Intel's processor chips could allow malware and hackers to more easily exploit other security bugs, according to a report overnight.
Donald Trump has rejected the $1. 2bn acquisition of Texan money transfer company Moneygram by China's Ant Financial citing national security concerns.
US stocks rose in early trade on Wednesday, underpinned by solid data on manufacturing and construction spending, as investors eyed the latest minutes from the Federal Reserve.
Spotify has filed documents with the US financial regulator to begin the process of its initial public offer in New York, while management are still battling a lawsuit accusing the music streaming service of infringing upon the rights of songwriters and publishers.
Growth in the US economy’s manufacturing sector unexpectedly improved in December, according to data from the US Institute for Supply Management.
Dominion Energy has agreed to buy Scana in a deal that values the group at $7. 9bn.
Brazilian state-operated oil business Petroleo Brasileiro (Petrobras) agreed to pay $2. 95bn on Wednesday in order to settle a US class action lawsuit brought by investors seeking compensation after a corruption scandal.
Japanese telecommunications group Softbank has continued its aggressive purchases of Sprint stock that began after talks of the US cell phone network's merger T-Mobile and Sprint died in November.
US futures pointed to a firmer open on Wall Street on Wednesday, with the Dow on track to hit another record as investors eyed the latest minutes from the Federal Reserve.
Germany's unemployment rate plumbed a fresh record low last month, falling to its least since the country's reunification in 1990.