“There have long been rumors surrounding Lloyds as a potential bid target. Wells Fargo has a large part of its business in the retail banking arena so to take over someone like Lloyds would make a lot of sense.”
“Now market participants are saying that investors should expect range bound trading to continue into next week when the Fed makes its interest rate decision.”
“With higher gasoline prices putting a dent in consumer spending and underlying inflation looking to be contained, further interest rate hikes seem unnecessary.”
“Even though oil futures are flat this morning and have remained around (the) $63 to $64 a barrel level, concerns remain over the prospect of the combination of higher inflation and borrowing costs.”
