Financials Up on Rates View -- Financials Roundup
Shares of banks, lenders and other financial institutions rose as higher U.S. tariffs on Chinese imports was seen as likely to push up interest rates. Some economists said the tariffs are likely to fan the flames of inflation, in turn putting pressure on the Federal Reserve to raise rates. Goldman Sachs Group neared a deal to buy investment management firm United Capital Financial Partners expanding its push into managing assets for individuals, The Wall Street Journal reported. Australian-based infrastructure-investment firm IFM Investors agreed to buy rival Buckeye Partners for $6.5 billion.
-Rob Curran, firstname.lastname@example.org