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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »(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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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. âToday’s …
Read More »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 …
Read More »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 …
Read More »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. …
Read More »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. …
Read More »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 …
Read More »CANADA FX DEBT-Canadian dollar to nearly 3-month low as oil prices fall
* The Canadian dollar weakens 0.2% against the greenback * Hit the lowest level since September 20 at 1.2886 * Canada’s annual inflation rate remains at 4.7% in November * The price of US oil drops 0.7% By Fergal Smith TORONTO, Dec. 15 (Reuters) – The Canadian dollar weakened to …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 âthere is no alternativeâ 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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »Asian stocks rise after Fed announces end of economic aid
Asian stocks rose on Thursday, boosted by the US Federal Reserve’s announcement to end the extraordinary aid to the economy it has been providing since the early days of the pandemic. Japan’s benchmark Nikkei 225 gained 0.7% in afternoon trading to 29,729.44. South Korea’s Kospi added 0.2% to 2,982.96. The …
Read More »Wall Street Closes At New Highs After Choppy Trading Day | Associated press
Wall Street closed a choppy trading day on Friday with modest gains for stocks, pushing major indices to all-time highs. The latest milestones punctuated the best month for the entire market in nearly a year, as investors balanced encouraging growth in corporate earnings with concerns over rising inflation and disruption …
Read More »Fall in bank stocks: Sensex plunges 1,159 points in worst drop since April
Meanwhile, the benchmark 10-year bond yield 6.10% -2031 came in at 6.3670%. Sensex recorded its biggest one-day crash in more than six months, falling 1,159 points on Thursday amid concerns over tighter central bank liquidity and stretched valuations. While Sensex plunged 1,158.63 points to close at 59,984.70, Nifty lost 353.70 …
Read More »US stocks hold near all-time highs as traders analyze strong earnings
Wall Street stocks hovered in a narrow range on Wednesday, after the S&P 500 index hit a new high in the previous day’s session. The blue-chip stock index was flat in the early afternoon in New York. It has climbed 24% since early January, helped by a flurry of strong …
Read More »Powell turned out to be Gold’s joy destroyer again
October 26, 2021 (Investorideas.com Newswire) Inflation concerns escalated, gold started to rally on Friday … then Powell arrived, spoiling the party and killing the bullish mood. Friday (October 22, 2021) has started wonderfully for the yellow metal. Gold has been appreciating since early in the morning and even surpassed $ …
Read More »Asian stocks are generally higher, following Wall Street rally
TOKYO (AP) – Asian stocks were mostly higher on Tuesday after another rally to an all-time high on Wall Street. Stocks rose broadly, with companies releasing much stronger summer earnings reports than analysts had expected. Historically low interest rates, along with strong corporate earnings growth, have helped the S&P 500 …
Read More »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 …
Read More »BIS publishes consultation on Stablecoin regulation | Latham & Watkins LLP
The central bank’s global cooperative organization views stablecoins in the context of international standards for payment, clearing and settlement systems. Among the different types of digital assets, global authorities seem to be the most focused on stablecoins. This concern is the result of several factors: – The use of Stablecoin …
Read More »Nigeria’s COVID-19 economic plan has yielded disappointing results: here’s why
Over a year ago, Nigerian President Muhammadu Buhari launched an economic plan designed to mitigate the impact of the COVID-19 pandemic. Since the start of the pandemic, Nigeria has checked in 207,618 cases of infection and 2,745 deaths as of October 11, 2021. The economic effects have been devastating. Economic …
Read More »Stock Indices Close Lower as Jobs Data Stirs Uncertainty | national news
Forex traders watch monitors in the forex trading room at KEB Hana Bank headquarters in Seoul, South Korea on Friday, October 8, 2021. Asian stocks followed Wall Street higher on Friday after U.S. lawmakers cut back temporarily avoided a possible default on government debt while investors waited for US jobs …
Read More »Sensex inches at 59,900, Nifty above 17,850 amid mixed global indices
Stock indices opened on a positive note on Wednesday October 6th. The benchmark Sensex rose 85.66 points or 0.14% to 59,830.54. The Nifty50 index was 54.50 points or 0.31% at 17,876.80. ONGC, Bajaj Finance, Power Grid, Coal India were among the main winners of the opening bell. M&M was the …
Read More »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 …
Read More »Dollar hits highest level in a year as traders anticipate rising U.S. interest rates
Receive free currency updates We will send you a MyFT Daily Summary email with the latest currency news every morning. The US dollar traded at its highest level in a year against major currencies on Thursday, with traders betting on persistent inflation, bringing the Federal Reserve closer to its first …
Read More »The sudden realization that inflation could persist begins to be felt among many U.S. investors
The once-complacent U.S. financial markets, priced against a favorable economic outlook for much of the past year or more since the start of the pandemic, are set to undergo a readjustment as investors begin to factor in inflation that is more persistent than ‘it was not previously thought, according to …
Read More »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 …
Read More »Government bond yields rise as traders respond to hawkish signals
Sovereign Bond Updates Sign up for myFT Daily Digest to be the first to know about sovereign bond news. A global bond pullback pushed US Treasury yields to their highest level in three months on Monday, as investors reacted to the prospect of tightening monetary policy by selling off US …
Read More »Asian markets rise, but Shanghai slips as virus fears cloudy outlook
TOKYO – Asian stocks were mostly higher on Monday, but fears of further waves of coronavirus outbreaks clouded the region’s economic outlook, tempering the recovery. The Japanese reference Nikkei 225 NIK, -0.03% increased by 0.3%. the Australian S & P / ASX 200 XJO, + 0.57% gained 0.7% and the …
Read More »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 – …
Read More »Stocks Hold Gains, Dollar Strengthens After Fed Flags Soon Fade
China Evergrande settles interest payments on bonds MSCI Global Stock Index regains ground for day 2 Wall Street Indices Slash Past Gains Oil is rising, gold is sliding NEW YORK / LONDON, Sept. 22 (Reuters) – A global stock market indicator slashed gains in choppy trading on Wednesday and the …
Read More »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 …
Read More »Credit growth in India, rate decisions in the US and UK
Every Monday, Mint’s Plain Facts section features key data releases and announcements to watch out for over the coming week. India’s central bank will release credit growth data this week, which will show the extent to which lending has picked up as economic activity picks up. Decisions on interest rates …
Read More »S & P / TSX Composite Index hits lowest level in four weeks ahead of federal election
TORONTO – Canada’s main stock index closed at its lowest level in nearly four weeks as its major sectors came under pressure ahead of Monday’s federal election. A confluence of factors has affected markets on both sides of the border, including bad economic news from China, increasing COVID cases, uncertainty …
Read More »The overall attractiveness of Chinese assets remains strong
Updates on Chinese Business and Finance Sign up for myFT Daily Digest to be the first to know about Chinese business and financial news. The author is director of group investments at Amundi Asset Management Chinese stocks have had a tumultuous year as a wave of stricter regulation rocked tech, …
Read More »Asian stocks mostly up after retirement from Wall Street | national
Asian stocks were mixed on Friday after a mishmash of economic data led Wall Street to close largely lower. Benchmarks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai and Sydney. Across the region, concerns over the protracted coronavirus outbreak weighed on sentiment. âOverall, the mood remains a …
Read More »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 …
Read More »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 …
Read More »Nasdaq opens at record level, focus on economic data By the Reuters team 1 MIN READ
Reuters Wednesday, September 01, 2021 11:06 AM (Reuters) – The Nasdaq hit a record high on Wednesday as weaker-than-expected private wage data fueled hopes of prolonged support from the U.S. central bank. The Dow Jones Industrial Average rose 26.82 points, or 0.08%, on the open to 35,387.55. The S&P 500 …
Read More »The US dollar offers the clearest sign of what Wall Street really thinks of Powell’s Jackson Hole speech
If there was any doubt that Federal Reserve Chairman Jerome Powell’s comments, delivered virtually at the Jackson Hole Symposium on Friday, were interpreted as accommodating, the dollar’s reaction should clear up all questions. The US greenback, as measured by the ICE US Dollar Index DXY, -0.41%, turned significantly lower and …
Read More »US stocks are trading higher ahead of Monday’s opening bell
Find out what clicks on FoxBusiness.com. US equity futures show gains as the new trading week begins on Monday. Actions in this article $ 35,120.08 +225.96 (+ 0.65%) $ 14,714.663065 +172.87 (+ 1.19%) On Wall Street, the S&P 500 ended the week up 35.87 points, or 0.8%, to 4,441.67. The …
Read More »Dow, S&P 500 pound drops most in a month after Fed minutes showed plans to cut later this year
Losses accelerated and U.S. stock indexes fell on Wednesday, the second day after the minutes of the Federal Reserve’s July meeting announced plans to cut financial support from the central bank later this year. low. The Federal Reserve Board of Governors minutes will take place the day after the Dow …
Read More »What will central bankers say at this year’s Jackson Hole summit?
Updates on the economic impact of the coronavirus Sign up for myFT Daily Digest to be the first to know about news about the economic impact of the coronavirus. What will central bankers say at this year’s Jackson Hole summit? Central bankers from around the world will meet this week …
Read More »EMERGING MARKETS – Stocks, currencies dented by virus worries, strong dollar
* The EM FX index drops for the fourth consecutive session * S. African rand for a sixth consecutive session * Emerging market yields in local currency increase by 5% * Fitch retrograde Huarong By Susan Mathew Aug. 11 (Reuters) – Emerging market equities fell on Wednesday as currencies eased …
Read More »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 …
Read More »KKR: & CO. INC. MANAGEMENT REPORT ON THE FINANCIAL POSITION AND OPERATING RESULTS (Form 10-Q)
The following discussion and analysis should be read in conjunction with the unaudited condensed consolidated financial statements of KKR & Co. Inc., together with its consolidated subsidiaries, and the related notes included elsewhere in this report and our Annual Report on Form 10-K for the fiscal year ended December 31, …
Read More »Euro to US dollar exchange rate drops as US factory orders beat expectations
EUR / USD exchange rate drops as sentiment of mixed risk strengthens safe-haven US dollar The euro US dollar (EUR / USD) exchange rate fell today after yesterday’s release of June US factory orders, which beat expectations and rose 1.5%, buying up demand for the âgreen backâ. The pairing is …
Read More »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 …
Read More »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, …
Read More »Davy fund unit will be sold separately at Bank of Ireland agreement
Davy’s fund management and servicing unit will be sold separately with the planned purchase by Bank of Ireland of the company’s capital markets and wealth management business, which is expected to be announced next week, The Irish Times. While the sale of all of Davy’s assets, including its excess cash …
Read More »Seoul shares pull back amid worries about early inflation and virus
South Korean stocks closed lower on Friday amid concerns over faster-than-expected inflation in the United States and the spread of the novel coronavirus pandemic in the country. The Korean won appreciated against the US dollar. Korea’s benchmark stock price index (KOSPI) fell 9.31 points, or 0.28%, to close at 3,276.91 …
Read More »T-bills rally as Fed Chairman signals continued monetary support
U.S. government debt rallied and the dollar weakened as the Chairman of the Federal Reserve brushed aside concerns about soaring inflation and reiterated the central bank’s commitment to maintain its stimulus from pandemic era until there is more certainty about the strength of the economic recovery. The 10-year US Treasury …
Read More »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 …
Read More »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 …
Read More »Fed officials say important they are ‘well positioned’ to act, minutes say
WASHINGTON, July 7 (Reuters) – Federal Reserve officials estimated last month that further substantial progress on economic recovery “was generally considered to have not yet been achieved,” but agreed it needed to be ready to act if inflation or other risks materialize, according to the minutes of the US central …
Read More »US stocks close at new highs after “Goldilocks” employment data
US stocks closed at new all-time highs on Friday after employment data for June was better than expected, signaling that the world’s largest economy was emerging from the pandemic at a strong pace. The US labor market added 850,000 jobs last month, beating economists’ expectations for 720,000 new jobs and …
Read More »The second wave saw a recovery, but the worst may be over
The last time the tracker gave a worse reading was in April 2020, when 13 indicators turned red due to the first nationwide lockdown. Launched in October 2018, Mint’s Macro Tracking provides a comprehensive report on the state of the economy based on trends in 16 high-frequency indicators in four …
Read More »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 …
Read More »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, …
Read More »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 …
Read More »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 …
Read More »What Powell also said at the press conference: “hawkish” nuances of the Fed
Modern-hawk, not Volcker-hawk. By Wolf Richter for WOLF STREET. Fed Chairman Jerome Powell threw some choice nuggets at his June 16 press conference following the FOMC meeting, some of which I brought to the fore when I discussed the decisions of the FOMC which then shook up the markets. The …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »Will the gold rally continue in the coming months?
June 10, 2021 (Investorideas.com Newswire) May has certainly been a positive month for the yellow metal. Gold could continue its momentum later this year, but a lot depends on the Fed and inflation. We left May in the rearview mirror and, as the chart below shows, it was the second …
Read More »South Africa has no choice but to regulate cryptocurrencies
The National Treasury told Parliament that South Africa’s only option is to regulate activities related to crypto assets like Bitcoin. He said the country cannot just leave the crypto asset market unregulated, nor can it ban the use of crypto assets. Therefore, the only choice is to regulate. The Treasury …
Read More »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 …
Read More »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. …
Read More »Argentinian stocks and bonds on the rise in early June: the reasons for the rebound
the obligations and the Actions Argentines started June with important downloads and recovered some of the losses accumulated so far in 2021. countries at risk, meanwhile, returned to the region of 1500 points. The price hikes came in a week of no significant economic news except for the debt maturity …
Read More »The return of inflation. Can gold resist the dark side?
June 4, 2021 (Investorideas.com Newswire) Inflation has stormed into the economy. It is a dark and destructive force. But gold can resist it, being after all a much stronger asset than Anakin Skywalker. Last month I wrote that “inflation is knocking, knocking, knocking on the golden door”. I was wrong. …
Read More »Virtual assets: a regulatory overview
In recent years, trading in cryptocurrencies and other virtual assets (âAVâ) 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 / FTâ) Risks to the …
Read More »Global equities mixed after modest gains on Wall Street | Associated press
BANGKOK (AP) – European stocks are down after a mixed session in Asia, with benchmarks falling in Paris, London and Hong Kong while Tokyo and Seoul advanced. In a calm news week, investors await a report from the US Department of Labor on Friday that said economists predict employers created …
Read More »Quiet sitting as focus turns to Friday’s US jobs report
Remarks / Observations German retail sales data for April missed expectations. Focus on the next US employment report on Friday and the ECB meeting next week. Asia: South Korea’s May CPI recorded its second month above target and fastest year-on-year pace since April 2012 (year-on-year: 2.6% vs. 2.6% e). Australian …
Read More »Stocks open higher on Wall Street. AMC launches inventory sale | Business
With the return of Memorial Day traders to the United States, June has got off to a good start and Wall Street stocks have risen sharply. The benchmark index comes from a monthly increase for the fourth consecutive month. Energy companies were also a leader, with crude oil prices rising …
Read More »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 …
Read More »Best week for Chinese stocks in months reignites investors’ hopes
The strongest weekly surge in Chinese equities since February is reviving investors’ hopes for a strong recovery to come. But don’t expect the sentimental frenzy of the past year, analysts say. The benchmark CSI 300 gained 3.6% last week, with turnover Tuesday and Friday, approaching the 1 trillion yuan ($ …
Read More »China struggles to control financial bubbles as money flows
China’s battle to keep order in financial markets is getting harder and harder as money flows into everything from commodities to housing to stocks. In May alone, the government pledged to tackle speculation in metals, revived the idea of ââa property tax, oversaw mortgage rate hikes in some cities, banned …
Read More »Investor Ideas Gold Ideas – Will Gold Shine Under Bidenomics?
May 28, 2021 (Investorideas.com Newswire) Bidenomics is a big departure from the healthy economy. But when reason sleeps, golden fortunes are born. Biden’s presidential triumph doesn’t just mean a new man is living in the White House. This in fact implies a fundamental change in economic policy. Some analysts even …
Read More »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 âdebankingâ 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 …
Read More »Dow Futures, Tech Stocks Gain as Fed Reduces Inflation Risk
The minute of the Monday market Global stocks are climbing, with Europe hitting new highs, as calming comments on inflation from the Fed bolster market optimism. Fed officials repeat their “transitional” speech on price increases, St. Louis Fed Chairman James Bullard noting that “we’re not there yet” in terms of …
Read More »Fed balm lifts stocks to all-time high amid struggle against the yuan
Passers-by wearing face masks are reflected on a stock quote board outside a brokerage house, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan on November 10 2020. REUTERS / Issei Kato European stocks hit record highs on Tuesday, appeased by assurances from Federal Reserve officials that monetary stimulus will …
Read More »Controversy over flights to Belarus, China struggles with commodity prices, Phil Mickelson makes history
Bloomberg Race to avert disaster at China’s biggest ‘bad bank’ (Bloomberg) – It was past 9 p.m. on Financial Street in Beijing when the character inside the Huarong Tower took an ink brush and, with trained strokes, began to put characters on paper. Another grueling work day was coming to …
Read More »Caught in Bitcoin Fashion? Experts advise caution – The New Indian Express
Express press service BENGALURU: Bitcoin may be the last asset you can’t wait to get your hands on, given that it has rallied 400% in the past year, but experts are advising potential investors to be cautious and daring. Consider the old-fashioned way of investing: Don’t put all your eggs …
Read More »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 …
Read More »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 …
Read More »Iran-IAEA nuclear surveillance deal expired, top lawmaker says
Bloomberg German crisis rebounds during Merkel’s twilight months: Eco Week (Bloomberg) – Germany’s economy is going through a time of change as it tries to shake off the coronavirus crisis as Chancellor Angela Merkel’s era comes to an end. voters will choose a new government. in an election that heralds …
Read More »Serious inflation is coming and it’s time to start fixing it
As the global economy recovers from Covid-19, a surge in demand is responding to supply constraints across a range of sectors, as producers around the world struggle to respond after a year of lockdown. This explains why US inflation last week hit its highest level since 2008. Anxious to appease …
Read More »Eurozone services PMI data mixed, focus remains on yields
Notes / Observations – Mixed data from the main European PMI services (Beats: Euro Zone, Spain; Misses: Italy, France and Germany). Asia – Gov Das of the Central Bank of India (RBI) announced loan repayment relief and measures to increase credit to key sectors to overcome the pandemic. Provide a …
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