Tag Archives: central bank

Stocks record their best week since November 2020.

Oil prices fell and the Federal Reserve offered investors clarity on its plan to tame inflation, triggering a rally that pushed stocks to their best week in more than a year. The S&P 500 rose 1.2% on Friday, its fourth straight day of gains, taking its rise for the week …

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America roundup: Dollar gains ahead of payrolls data, Wall Street ends lower, gold gains, oil slips from decade highs as Iran talks rekindle supply hopes – March 4, 2022

Market overview • Continuing US Unemployment Claims 1,476,000, 1,475,000 forecast, 1,476,000 previous • US jobless claims over 4 weeks average 230.50K, previous 236.25K • US Initial Unemployment Claims 230.50K, 226,000 forecast, 232,000 previous • US Unit Labor Costs (QoQ) (Q4) 0.9%, 0.3% forecast, 0.3% prior • US Feb Markit Composite …

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Russo-Ukrainian War: Live Updates – The New York Times

President Biden strongly condemned the Russian invasion of Ukraine during his annual report State of the Union Address Tuesday. Here are some excerpts from his prepared remarks, as released by the White House. PRESIDENT BIDEN: Six days ago, Russian Vladimir Putin sought to shake the foundations of the free world …

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Stocks fade as sanctions take effect on Russia

Canada’s main stock index opened lower on Monday as tougher Western sanctions imposed over the weekend impacted global financial markets, although gains in commodity-related stocks limited the loss. The TSX Composite started the week down 76.99 points at 21,029.01 TD Securities resumed coverage of Centerra Gold with …

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Stocks end lower on Friday, slump for second straight week on Russia-Ukraine tensions

U.S. stocks closed lower on Friday, with all three major benchmarks posting a second week of losses, as investors watched developments between Russia and Ukraine amid war fears. How have stock indices performed? The Dow Jones Industrial Average DJIA, -0.68% fell 232.85 points, or 0.7%, to close at 34,079.18. S&P …

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Wall Street faces new pain as key bond distortion fades

(Bloomberg) – The spreading global bond rout is sparking a debate on Wall Street over whether investors will demand to be paid to lend to the US government as they once did. Bloomberg’s Most Read Even with inflation at its highest in decades, traders still receive no compensation for buying …

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Wall Street stocks open higher after Alphabet beats expectations

Shares on Wall Street rose on Wednesday as traders shrugged off worries about impending rate hikes to focus on a batch of strong earnings from tech companies. The tech-heavy Nasdaq Composite gauge added 0.9% in early trading in New York, while the broader S&P 500 index gained 0.6%. The moves …

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Federal Reserve says first interest rate hike will be ‘soon’

Citing high inflation and a strong labor market, the Federal Reserve (Fed) said Wednesday that an interest rate hike “will soon be appropriate.” The central bank is under pressure to rein in inflation as prices in the United States rise at the fastest pace in nearly 40 years. Analysts are …

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Sunset Market Commentary – Forex Action

Markets Calm has returned to European stock markets after a manic Monday. EU stock exchanges recover a modest 0.4 to 1% of the losses which reached more than 4%. US stocks are less fortunate. Yesterday’s end-of-session reversal turned out to be partially futile. Wall Street opens with losses of up …

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(LEAD) Seoul shares drop to nearly 14 months on Fed uncertainties, virus concerns

(ATTN: ADDS bond yields bottom, photo) SEOUL, 25 Jan. (Yonhap) — South Korean stocks fell to a near 14-month low on Tuesday as investors braced for hawkish comments from the U.S. Federal Reserve. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) plunged …

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Is the market collapsing? No. Here’s what’s happening to stocks and bonds as the Fed aims to end the era of easy money, analysts say

As the stock market has fallen and bond yields have surged in recent weeks, culminating in a so-called correction in the Nasdaq Composite Index, average Americans are wondering what’s wrong with Wall Street. Increasingly, Google searches have focused on the state of the market (and the economy), and for good …

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The Nasdaq Composite tumbles 2.7% on Friday to book the worst week since the start of the COVID era as stock markets peak sharply

On Friday, the gauges for U.S. stocks ended sharply lower, capping a weak week for investors, highlighted by the biggest weekly drop in the S&P 500 and the tech-laden Nasdaq Composite since March 2020. How are stock indices traded? The S&P 500 SPX, -1.89% fell 84.79 points, or 1.9%, to …

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Future Group could challenge its own lenders to avoid being named defaulter: report

India’s Future Group plans to challenge its own lenders in the Supreme Court to avoid being named defaulter over missing payments, citing its ongoing dispute with partner Amazon.com Inc, three sources told Reuters on Thursday. Future, the country’s second-largest retailer, has failed since 2020 to complete its $3.4 billion sale …

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Asian stocks skid, following Wall Street’s pullback

By ELAINE KURTENBACH BANGKOK (AP) — Asian stocks fell on Friday after a retreat on Wall Street that left the Nasdaq composite down 2.5%. Tokyo fell nearly 2% but recovered some ground later in the session. Hong Kong, Shanghai and Seoul were also down. China reported its world trade surplus …

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Whiplashed Wall Street grapples with mixed payroll data

Employment in the United States grew by 199,000 less than expected last month due to the impact of a resurgent pandemic, well below the 400,000 predicted by economists, but data for November has been revised on the rise. The unemployment rate fell to 3.9%, underscoring tighter labor market conditions. “Today’s …

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The Chinese market shrinks by 1% | Trade Standards News

Mainland China’s stock market ended lower for the second consecutive session on Wednesday, Jan.5, 2022, weighed down by the drop in tech stocks following concerns over new regulations after Beijing passed new rules that tighten controls on technology company listings and overseas activities, while prohibiting unreasonable price discrimination based on …

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US stocks end lower on New Years Eve, but S&P 500, Dow and Nasdaq post big gains for 2021

Major U.S. stock indexes closed lower on Friday as risk appetite waned on New Years Eve, but the S&P 500, Dow Jones Industrial Average and Nasdaq Composite all ended the month, quarter and the year with gains despite the pandemic. Read: Is the US stock market closed on Friday for …

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Digital and crypto banking regulations in Malaysia

The increasing use of technology has led to a radical change in traditional finance, and no country wants to be left behind The banking industry of the future could not have been welcomed sooner once humanity was plagued by covid-19 and the plethora of daily restrictions that came with it. …

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LIVE MARKETS US equities rebound

The main American indices end up; FANGs, fleas outperform Energy leads the winners in the S&P sector; weakest group of utilities Dollar, gold ~ flat; gross bitcoin rally The 10-year US Treasury yield is ~ 1.478% December 21 – Welcome home for real-time market coverage presented by reporters at Reuters. …

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Central bank decisions, BOJ, dollar

A currency trader monitors exchange rates in a trading room at KEB Hana Bank in Seoul on June 21, 2021. JUNG YEON-JE | AFP via Getty Images SINGAPORE – Asia-Pacific markets traded mostly lower on Friday, following overnight losses on Wall Street as investors assessed the monetary policy decisions of …

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SGX Nifty points to a positive start for Indian indices

The rally in global equities will be tested as traders expect more volatility until there is more clarity on the omicron variant’s threat to the economy, and ahead of the inflation numbers at US consumption this week and a Federal Reserve meeting next week that could provide clues on the …

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U.S. stock indices stumble on Friday, dragged down by Nasdaq Composite sharply as investor mood darkens after jobs report

U.S. stock indices ended lower on Friday, abandoning strong opening gains and posting another week of losses, as investors reassessed a weaker-than-expected November jobs report as unlikely to stay in hand from a Federal Reserve which seems to want to control inflation. How Do Stock Indices Trade? The Dow Jones …

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Telecom Italia loses CEO in board clash amid KKR approach

The Tim logo can be seen at its headquarters in Rome, Italy on November 22, 2021. REUTERS / Yara Nard Register now for FREE and unlimited access to reuters.com Register now TIM Brazil boss Labriola appointed CEO KKR filed a $ 12 billion proposal to privatize TIM Under fire from …

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Future positions of the Fund for a changed investment landscape

In its latest position paper, the Australian’s Future Fund describes its approach to investing in a new investment landscape characterized by the end of 60:40 portfolios, inflation, declining corporate profits and climate change, among others. Australian’s Future Fund, the $ 245.8 sovereign wealth fund, plans to increase its structural risk …

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The Fed must think creatively again

In the United States, allegedly transitory price adjustments have become pervasive and a major inflationary shock is now imminent. But despite flashing warning signs, the Federal Reserve remains committed to a monetary policy strategy born from the past of low inflation. 23 November 2021 | Stephen S. Roach The debate …

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Falling Real Yields Key to Market Recovery: What Investors Need to Know

Meet the force behind TINA – the popular acronym among traders for the idea that “there is no alternative” to stocks. Real, or inflation-adjusted, yields on safe government bonds have remained consistently negative despite rising inflation, contributing to continued demand from yield-hungry investors for stocks and other assets perceived to …

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British pound at its highest against the euro since February 2020

The pound hit its strongest point against the euro since February 2020 on Wednesday after British inflation hit its highest level in nearly a decade last month. The pound rose 0.5% against the euro to over € 1.19, bringing it to its best week against the common currency since January …

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Biden signs a bill to revive infrastructure … and gold!

Nov 16, 2021 (Investorideas.com Newswire) Gold has rallied on the change in rhetoric about inflation, and Biden’s infrastructure plan can only add to the inflationary pressure. Are the huge prices advancing? I have a little quiz for you! What should the government do to bring inflation down to its highest …

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The UK faces squeezing incomes and growing poverty; Launch of the “Britcoin” consultation; Tesla Shares Slip – As It Happened | Business

It’s time to recap The UK will suffer from choppy growth, rising inflation and widening income inequality over the coming months, warned the economic think tank NIESR. Rising prices, increasing taxes and a likely increase in interest rates will hurt families and push them further into poverty. The NIESR also …

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The Australian Regulatory Report Inspired by Ripple’s “Technology Agnostic” Principle

America and Australia: while the Securities and Exchange Commission of the first [SEC] filed a complaint against blockchain company Ripple, the latter country using Ripple’s information in a government report. The Australian Senate report “Select Committee on Australia as a Technology and Financial Center” examined various aspects of FinTech development …

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Foreigners continue to sell Dhaka shares

Nothing seems to have worked to retain foreign investors from portfolio to the Dhaka Stock Exchange (DSE), Bangladesh’s main stock exchange. Continuing the trend of recent years, foreigners sold more shares in the country than they bought in July and August, according to data from the DSE. Following the withdrawal …

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The Shanghai Composite Index rose 0.54% on Tuesday

The Chinese benchmark Shanghai Composite Index (000001.SH) gained 0.54% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.21%. The Shanghai STAR 50 index with a strong technological component (000688.SH) lost 1.07% for the day, while Shenzhen’s similar ChiNext index (399006.SZ) fell 0.62%. Below is an overview of the top …

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Daily financial dose 24.24.2021 | Top Story: China Shakes Up Digital Currency World By Banning Crypto Transactions | Robins Kaplan LLP

An already tough week for cryptos has just gotten worse, now that China’s central bank has declared “all cryptocurrency-related transactions.” . . illegal, strengthening the country’s tough stance against digital rivals for government-issued money. The news immediately lowered the price of bitcoin by 5%, and Ether is plunging too – …

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Endurance for Growth – Journal

Will Pakistan manage to achieve targeted economic growth this fiscal year while struggling to maintain the fragile stability that is out of its grip? The positives include the inherent resilience of the economy and proactive public policies laden with stimulus measures that generated the surprising growth of the past year …

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Chinese market falls on weak data

The mainland Chinese stock market ended the session lower on Wednesday, September 15, 2021, as the sell-off in risk aversion continued amid concerns over the slowdown in the world’s second-largest economy after outbreaks of infections at the Delta coronavirus variant and official data showed industrial production and retail sales in …

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Bond Cundrum – Boom or Bust for Gold?

September 3, 2021 (Investorideas.com Newswire) Inflation has risen, but bond yields have fallen. Such a discrepancy is strange – beware of the golden bulls! Would you like to see something mysterious? If so, please see the table below. It shows 10-year US Treasury bond yields (red line) and annual CPI …

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Chinese market grows on hopes of political support

Mainland China’s stock market ended the session higher on Monday, August 9, 2021, as investors scoured bargains in hopes of further policy easing after official consumer price growth data lower than expected, while factory gate price inflation in China remained high in July. At the close of the close, the …

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India slips further in emerging market rankings in June

At a time when foreign investors have become increasingly cautious about investing in emerging markets, India’s rank among its peers has fallen further, according to the latest update of the emerging markets tracker from Mint. Weaker manufacturing activity, relatively below-average exports and high inflation have pushed India’s position in the …

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ASX to rise, global stocks stage relief rally

The “move in stocks is in line with the market’s long-standing confidence in abundant and predictable cash injections,” Mohamed El-Erian said in a tweet. BHP plans to pull out of oil and gas in a multibillion-dollar exit as it seeks to accelerate its withdrawal from fossil fuels, Bloomberg News reported, …

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Bitonic regulatory shock shows the power of the FATF

De Nederlandsche Bank (DNB), the Dutch central bank, recently did an about-face on the onerous KYC and AML requirements it had placed on providers of digital assets, after the Rotterdam district court ordered DNB to ‘examine the objections raised by the Bitonic exchange. While at first glance this episode may …

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The Shanghai Composite Index closed almost flat on Friday

The Chinese benchmark Shanghai Composite Index (000001.SH) closed almost flat on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.26%. The Shanghai STAR 50 index with a strong technological component (000688.SH) lost 1.68% for the day, while Shenzhen’s similar ChiNext index (399006.SZ) fell 0.69%. Below is an overview of the …

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GBP / EUR: will the BoE boost the pound?

British pound (GBP) advances ahead of BoE rate decision The economic situation has improved, inflation above target Euro (EUR) Turns to German IFO Economic Sentiment Data Euro zone composite PMI at its highest for 15 years The euro pound exchange rate (GBP / EUR) was higher on Thursday, extending the …

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Second wave lowers India’s ranking in EM rankings

After dominating the rankings for two consecutive months, India has slipped three rungs to fourth place among the world’s major emerging markets. In May, India fell behind Brazil, China and Russia, the latest update of Mint’s emerging market tracking shows. While most emerging markets were hit hard by Wave 2, …

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Chinese stocks: Chinese stocks end higher as banks and energy companies climb; Shanghai Composite gains 0.8% at close

SHANGHAI: Chinese stocks ended higher on Tuesday, as bank stocks rose after Beijing’s reform measures and energy stocks were lifted by rising oil prices. However, weakness in digital currency-related businesses due to regulatory restrictions limited gains in the region. The blue-chip CSI300 index rose 0.6% to 5,122.16, while the Shanghai …

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Live Stock Market Updates: Sensex Reduces Losses After Reaching 500 Points; Nifty IT, Auto, Bank among the best losers; Rupee collapses 34 paise against dollar

The domestic equity benchmark began to fall sharply on Monday, following global peers following hawkish comments from Federal Reserve official Jim Bullard who suggested that the first interest rate hike by the central bank US market could take place as early as the end of 2022. The S&P BSE Sensex …

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Is Inflation Really Down in Nigeria?

During the week, the National Bureau of Statistics (NBS) released the Consumer Price Index (CPI report) report for May 2021. The NBS CPI number is a statistical estimate constructed from prices of a sample of representative items whose prices are collected monthly and used to measure changes in the price …

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Wall Street folds, waits for Fed as oil soars

U.S. markets collapse on rising inflation Investors look to Fed policy statement on Wednesday US Treasury yields and dollar hold steady Oil prices soar as demand for travel returns LONDON / HONG KONG, June 15 (Reuters) – Investors pulled back and avoided major risks in several markets on Tuesday as …

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Weekly Market Update: Lack of Catalysts

MondayJune 14 Weekly market update After the ECB’s status quo and accelerating inflation in the United States, financial markets ended last week in disarray. Risk appetite and sector arbitrage continue, as traders seem to agree with the Fed that this inflationary surge is only temporary. Wednesday’s monetary policy meeting should …

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South Africa to Regulate Cryptocurrency Trading

The South African financial regulator has announced its intention to place the cryptocurrency market under its watch. This was mentioned in a document by the Intergovernmental Financial Technology Working Group (IFWG) yesterday with support from the Financial Sector Conduct Authority (FSCA). The document explained that the country, home to 59 …

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There is room for the rally

While global stocks have already risen quite significantly, there is still room for the market rally to continue in the final six months of this year. According to Affin Hwang Capital Asset Management, Chief Investment Officer / Deputy Managing Director David Ng, there are still plenty of investment opportunities in …

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Chinese stocks advance on Sino-US trade talks

Mainland China’s stock market ended the session higher on Thursday, June 10, 2021, after allaying concerns over policy tightening after the central bank governor’s statement that inflation is “mostly under control” and monetary policy would remain stable. Meanwhile, feelings were also heightened by Chinese and US trade officials agreeing to …

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Stocks close near highs as bond yields fall

A little-noticed move by Senator Elizabeth MacDonough in May said Democrats can only use “reconciliation” once a fiscal year to get around legislation that requires 60 votes. Democrats adopted Biden’s $ 1.9 trillion COVID-19 relief package in March through reconciliation. Democratic budget packages in Congress are shrinking rapidly, resulting in …

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Seoul shares open lower amid inflation concerns

The benchmark figures for the Composite Korean Stock Price Index (Kospi) were posted on Wednesday in the trading room of a local bank in Seoul. (Yonhap) South Korean stocks opened lower on Wednesday as the central bank revised the country’s gross domestic product upward, stoking market concerns over early inflation. …

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Virtual assets: a regulatory overview

In recent years, trading in cryptocurrencies and other virtual assets (“AV”) Has flourished considerably, with an increasing number of investors participating in the crypto markets. While this emerging sector presents new opportunities thanks to financial innovation, it also poses money laundering and terrorist financing (“BC / FT”) Risks to the …

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Net asset value (s)

Bloomberg China Huarong’s journey, from safe bet to bad news: a timeline (Bloomberg) – It has been nearly two months since turmoil erupted around China Huarong Asset Management Co. At the end of March, its 4% perpetual bond in dollars was trading at 102 cents to the dollar as investors …

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Blockchain Bites: The AU Senate Committee to Fight “Debanking”; AU blockchain week events live on YouTube; The AU government’s laissez-faire approach to digital currency regulation; Dictionary editor auctions NFT of definition “NFT”

Australian Senate Committee to Tackle FinTech and Blockchain ‘Debanking’ The problem of “debanking” is increasing, resulting in practical obstacles for many innovative companies and individuals wishing to expand in the digital currency space. As the use of cash continued to fall in relation to COVID-19, the position of payment providers …

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Remission of policy errors

The upcoming high frequency economic data is unlikely to influence investors or policymakers. The key question is whether the price pressures are more than transient, as officials at the Federal Reserve, European Central Bank and Bank of England categorically say. Investors are less optimistic. European bond yields hit last year’s …

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Could the Fed now be making a policy error?

The upcoming high frequency economic data is unlikely to influence investors or policymakers. The key question is whether the price pressures are more than transient, as officials at the Federal Reserve, European Central Bank and Bank of England categorically say. Investors are less optimistic. European bond yields hit last year’s …

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