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Asia stocks track Wall Street rally as treasury yields retreat Asian shares rallied on Thursday after blockbuster results from tech darling Nvidia boosted Wall Street and a retreat in U.S. bond yields eased pressure on borrowing costs globally. A round of soft surveys on manufacturing had also revived hopes central banks were done tightening, though that might change depending on what clues about interest rates Federal Reserve Chairman Jerome Powell gives at an annual central bank summit in Jackson Hole, Wyoming, on Friday. "Equities rallied a...
Asia stocks track Wall Street rally as treasury yields retreat
Asia stocks track Wall Street rally as treasury yields retreat
Source: Reuters
24/08/2023 8:52:39 AM
Asian shares sit tight ahead of Nvidia results, yields near highs Asian shares held tight ranges on Wednesday as investors awaited results from tech darling Nvidia to see if the sector's lofty valuations can withstand a jump in bond yields, while still gloomy factory readings from Japan left sentiment fragile. S&P 500 futures climbed 0.3% while Nasdaq futures rose 0.4%. MSCI's broadest index of Asia-Pacific shares outside Japan were up 0.1%, hovering not far away from its nine-month trough hit just two sessions ago. Japan's Nikkei rose...
Asian shares sit tight ahead of Nvidia results, yields near highs
Asian shares sit tight ahead of Nvidia results, yields near highs
Source: Reuters
23/08/2023 8:50:15 AM
Asian shares hesitant on China inflation data, US bank jitters Asian shares were on the defensive on Wednesday after China inflation data confirmed the recovery in the world's second-biggest economy is losing steam, while resurfacing concerns about U.S. bank stability also capped sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1% after a 1.2% tumble a day earlier. Japan's Nikkei slipped 0.1%. The much-watched data on Wednesday showed China's consumer prices fell 0.3% in July from a year ago, slightly b...
Asian shares hesitant on China inflation data, US bank jitters
Asian shares hesitant on China inflation data, US bank jitters
Source: Reuters
9/08/2023 8:37:42 AM
Asian shares hesitant after Wall Street sell-off, dollar buoyant Asian shares were subdued on Thursday after Fitch downgraded U.S. sovereign debt sparking profit-taking, with investors now shifting focus to Bank of England's rate decision and earnings from Apple and Amazon. Both S&P 500 futures and Nasdaq futures added 0.2%, following a heavy wave of selling on Wall Street overnight. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2%, having also suffered a colossal drop of 2.3% just a day earlier. That compa...
Asian shares hesitant after Wall Street sell-off, dollar buoyant
Asian shares hesitant after Wall Street sell-off, dollar buoyant
Source: Reuters
3/08/2023 8:49:51 AM
Asian shares mostly weaker as markets mull Fed rate rise Asian markets were trading mostly weaker on Wednesday ahead of the U.S. Federal Reserve's expected interest rate rise to be delivered later in the day, as investors also weighed the likelihood of a Chinese economic stimulus package. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, after U.S. stocks ended the previous session with mild gains. The index is up 3.8% so far this month. The yield on benchmark 10-year Treasury notes rose to 3.8924%, compared with it...
Asian shares mostly weaker as markets mull Fed rate rise
Asian shares mostly weaker as markets mull Fed rate rise
Source: Reuters
26/07/2023 8:46:23 AM
Asian shares fall after US tech falters, dollar and yields hold gains Asian shares fell on Friday after Tesla and Netflix weighed on U.S. tech shares after their earnings reports, while the dollar and Treasury yields held their gains ahead of an action-packed week that could see the end of the U.S. tightening cycle. As well as the U.S. Federal Reserve meeting next week, the Bank of Japan will meet amid speculation of imminent policy tweaks. Early on Friday, Japan's inflation stayed above the central bank's target of 2% for the 15th straight month in ...
Asian shares fall after US tech falters, dollar and yields hold gains
Asian shares fall after US tech falters, dollar and yields hold gains
Source: Reuters
21/07/2023 8:36:25 AM
Wall Street cheers cool CPI with stock rally; dollar, yields decline Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. inflation data showed a slowdown in the seemingly relentless rise of consumer prices. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in prices of used motor vehicles. CPI advanced 3.0% in the 12 months through June, down from 4.0% in May and the smallest year-on-year ...
Wall Street cheers cool CPI with stock rally; dollar, yields decline
Wall Street cheers cool CPI with stock rally; dollar, yields decline
Source: Reuters
13/07/2023 9:05:10 AM
Asia shares track Wall Street rally with inflation data, Fed in focus Asian shares edged up in early trade on Tuesday, following an upbeat session on Wall Street while investors turned their attention to key U.S. inflation data and the Federal Reserve's interest rate decision this week. Investors will be closely monitoring U.S. Consumer Price Index (CPI) data, due to be released on Tuesday, and Producer Price Index (PPI) data, due out Wednesday, for a reading of how well the Fed's tightening cycle has managed to curb inflation. The equity index...
Asia shares track Wall Street rally with inflation data, Fed in focus
Asia shares track Wall Street rally with inflation data, Fed in focus
Source: Reuters
13/06/2023 9:04:12 AM
Wall Street officially in bull market The S&P 500 rallied to end the day in a bull market, marking a 20 per cent surge since its most recent low, reached on October 12, 2022. That brings to end the bear market that began in January 2022. Buoyed by gains in big technology stocks, the broad-based index closed at 4,293.93 and crossed the threshold that separates a bear market from a bull market -- that's investor-speak for a period of time marked by rising stock prices and optimism on Wall Street, CNN reported. Markets...
Wall Street officially in bull market
Wall Street officially in bull market
Source: IANS
9/06/2023 11:43:42 AM
Analysts fear bear market rally on Wall Street could end up biting investors The S&P 500 is up nearly 20 per cent from its October 2022 lows and within striking distance of a bull market -- thats investor-speak for a period of time marked by rising stock prices and optimism on Wall Street, the media reported. But economists are warning investors to hold off on celebrating, at least for now. This could still be a bear market dressed in a bull's clothing, CNN reported. Markets have remained surprisingly resilient over the past nine months, as 2022 losers l...
Analysts fear bear market rally on Wall Street could end up biting investors
Analysts fear bear market rally on Wall Street could end up biting investors
Source: IANS
8/06/2023 2:22:53 PM
Tesla to pick location for new factory this year, Musk says Tesla Inc Chief Executive Officer Elon Musk said on Tuesday the automaker would probably pick a location for a new factory by the end of this year. When the Wall Street Journal's Thorold Barker asked Musk at an event if India was interesting, he said, "Absolutely". Tesla is "serious" about its plans to establish a manufacturing base in India, the country's deputy minister for technology told Reuters in an interview last week. Tesla announced earlier this y...
Tesla to pick location for new factory this year, Musk says
Tesla to pick location for new factory this year, Musk says
Source: Reuters
24/05/2023 9:05:54 AM
Wall Street mixed, European stocks flat as US debt ceiling talks progress Wall Street shares were mixed and European stocks finished little-changed as talks in Washington resumed to avert a U.S. default, while gold prices retreated under pressure from hawkish remarks by Federal Reserve officials. Oil prices finished higher on demand optimism. U.S. treasury yields rose. House Republican Speaker Kevin McCarthy said Monday morning's debt talks were "on the right path" ahead of a meeting with U.S. President Joe Biden. June 1 remains a "hard dea...
Wall Street mixed, European stocks flat as US debt ceiling talks progress
Wall Street mixed, European stocks flat as US debt ceiling talks progress
Source: Reuters
23/05/2023 8:46:02 AM
Markets edgy as US debt ceiling talks near crunch time Asian stocks and Wall Street futures struggled on Monday as U.S. debt ceiling negotiations approached crunch time after stalling last week, while lingering banking fears and fresh geopolitical worries also capped sentiment. U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss the debt ceiling on Monday, less than two weeks before the June 1 deadline after which Treasury expects the federal government will struggle to pay its debts. A failure to lift ...
Markets edgy as US debt ceiling talks near crunch time
Markets edgy as US debt ceiling talks near crunch time
Source: Reuters
22/05/2023 8:46:56 AM
Asian stocks follow Wall Street higher amid debt ceiling optimism Asia-Pacific share indexes rallied on Thursday, following Wall Street's lead, and the dollar held just below a two-month high versus the yen amid signs the United States might be close to a deal to raise the debt ceiling and avert a disastrous default. On Wednesday, President Joe Biden and top U.S. congressional Republican Kevin McCarthy underscored their determination to reach an agreement soon, pledging to negotiate directly on a deal amid estimates the Treasury could run out of mone...
Asian stocks follow Wall Street higher amid debt ceiling optimism
Asian stocks follow Wall Street higher amid debt ceiling optimism
Source: Reuters
18/05/2023 8:48:54 AM
Oil prices rise on strong fuel demand data Oil prices rose in early Asian trade on Thursday after strong demand for fuels in the U.S. outweighed concerns about the possibility of the world's biggest oil producer and consumer defaulting on its debt. Brent crude futures rose by 26 cents, or 0.34%, to $76.67 a barrel by 0015 GMT. U.S. crude futures rose 28 cents to $72.84. Latest U.S. data showed consumer prices rose in April, increasing the likelihood that the Federal Reserve will maintain higher interest rates which can have ...
Oil prices rise on strong fuel demand data
Oil prices rise on strong fuel demand data
Source: Reuters
11/05/2023 8:56:40 AM
Shares rise, dollar weakens on bank sector fears Asian stocks rose, the dollar eased and gold hovered around its record highs on Friday, as jittery investors remained nervous about the U.S. banking sector following another rout in shares of regional lenders. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.44% higher and was on course to snap its two-week losing streak. Japan remains shut for holiday, while Australia's S&P/ASX 200 index fell 0.06%. Wall Street ended lower on Thursday after Los Angeles-based...
Shares rise, dollar weakens on bank sector fears
Shares rise, dollar weakens on bank sector fears
Source: Reuters
5/05/2023 8:55:01 AM
Wall Street darlings, ESG funds may be on the way out Environmental, social, and governance-focused funds, which were once deemed the darlings of Wall Street, may be on the way out, media reports said. They're currently weathering a "perfect storm of negative sentiment," said Robert Jenkins, head of global research at Lipper, a financial data provider, CNN reported. Despite the gloomy forecast, Jenkins remains optimistic. He sees this as a natural phase of the market's evolution. A new, more efficient system is taking sha...
Wall Street darlings, ESG funds may be on the way out
Wall Street darlings, ESG funds may be on the way out
Source: IANS
30/04/2023 1:16:36 PM
Stocks advance, US 10-year yield slips as earnings roll in A gauge of global stocks rose for a second straight day on Tuesday to reach its highest since early February as the pace of U.S. earnings season picked up, while Treasury yields dipped after three straight sessions of gains. On Wall Street, the S&P 500 closed roughly unchanged. A 1.70% drop in Goldman Sachs after its quarterly results, as well as a 2.81% decline in Johnson & Johnson weighed on the Dow Jones Industrial Average to leave it almost unchanged, offsetting gains in Home D...
Stocks advance, US 10-year yield slips as earnings roll in
Stocks advance, US 10-year yield slips as earnings roll in
Source: Reuters
19/04/2023 9:00:25 AM
Dollar, yields gain as likelihood of Fed rate hike rises NEW YORK - Treasury yields rose and the dollar index bounced off a one-year low on Friday after a decline in U.S. retail sales suggested the economy is slowing but not fast enough to stop the Federal Reserve from raising interest rates again in May. Stocks on Wall Street fell and gold pulled back sharply after surging the day before to a more than one-year peak as markets struggle to determine when the Fed might pause its monetary tightening to curb high inflation. Traders of futures ti...
Dollar, yields gain as likelihood of Fed rate hike rises
Dollar, yields gain as likelihood of Fed rate hike rises
Source: Reuters
15/04/2023 9:27:25 AM
Rupee likely to strengthen on cooler-than-expected US inflation The Indian rupee was expected to firm on Thursday, after U.S. inflation softened more than expected and raised hopes that the Federal Reserve was near the end of its hiking cycle. The non-deliverable forwards indicate the rupee will open at around 81.92-81.96 to the U.S. dollar compared with 82.0775 in the previous session. U.S. Consumer Price Index (CPI) climbed 0.1% last month, below economists' expectations of a 0.2% gain, and down from a 0.4% increase in February. On a year-on-y...
Rupee likely to strengthen on cooler-than-expected US inflation
Rupee likely to strengthen on cooler-than-expected US inflation
Source: Reuters
13/04/2023 8:58:19 AM
Accounting firm EY calls off plan to break up auditing & consulting units Accounting firm EY has called off its plan called 'Project Everest' to break up its auditing and consulting units, BBC reported. The firm, formally known as Ernst & Young, announced they were "stopping work on the project" because it's US arm decided to not to move forward, BBC reported. The Big Four -- Deloitte, EY, KPMG and PwC -- dominate the global accounting market share. The plan came as regulators called for major industry reforms over conflict of int...
Accounting firm EY calls off plan to break up auditing & consulting units
Accounting firm EY calls off plan to break up auditing & consulting units
Source: IANS
12/04/2023 1:02:28 PM
Shares rise, but risks of inflation flare-up pick up LONDON - Global stocks rose on Tuesday, while investors grappled with the possibility of a flare-up in inflation due to the OPEC+ group's surprise output target cut, while the dollar dipped after weak U.S. manufacturing data the previous day. An announcement on Sunday of an output target cut by the Organization of the Petroleum Exporting Countries (OPEC) and its partners, known as OPEC+, boosted oil prices and complicated the inflation outlook. Brent crude was last up 0.8% at $85.57 a ...
Shares rise, but risks of inflation flare-up pick up
Shares rise, but risks of inflation flare-up pick up
Source: Reuters
4/04/2023 8:30:11 PM
Asia stocks bounce gingerly but bank fears lurk Asian stocks were lifted from lows on Tuesday, with the rescue of Credit Suisse stemming selling in bank shares, though the mood was fragile and the stress in markets had traders wondering whether U.S. rate hikes might be finished. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade. Australian shares bounced 1.3% from Monday's four-month trough and the Hang Seng opened 0.7% higher. Japanese markets were closed for a holiday, though Chicago-traded...
Asia stocks bounce gingerly but bank fears lurk
Asia stocks bounce gingerly but bank fears lurk
Source: Reuters
21/03/2023 8:53:23 AM
First Citizens considering to buy collapsed SVB As Wall Street giants move to end the spiralling banking crisis in the US, First Citizens BancShares Inc is reportedly considering making an offer to acquire the collapsed Silicon Valley Bank. According to Bloomberg News, citing sources, at least one other suitor is making a serious consideration for the collapsed bank and that could be First Citizens. Although nothing could be confirmed at the moment. SVB and First Citizens did not immediately respond to the report. This will be ...
First Citizens considering to buy collapsed SVB
First Citizens considering to buy collapsed SVB
Source: IANS
19/03/2023 12:42:13 PM
FedEx soars maximum in 9 months under Raj Subramaniam The shares of FedEx Corp, led by Indian-origin CEO Raj Subramaniam, jumped the most in nine months beating Wall Street's earnings estimate in the third quarter. The upswing came after the company boosted its profit outlook, signalling efforts to cut costs are helping counter a decline in package volume, a Bloomberg report said. Stating that its third-quarter profit topped Wall Street's expectations, FedEx revealed that adjusted earnings this fiscal year will be $14.60 to $15.20 ...
FedEx soars maximum in 9 months under Raj Subramaniam
FedEx soars maximum in 9 months under Raj Subramaniam
Source: IANS
19/03/2023 12:24:04 PM
Banks drag down Wall Street stocks Wall Street stocks have fallen, dragged down by banks. The S&P 500 financial sector index has lost 2.2 per cent while the KBW regional banking index has tumbled 3.8 per cent, the media reported. The Dow Jones has shed 254 points to 31,992, a 0.8 per cent drop while the S&P 500 is down nearly 20 points, or 0.5 per cent, at 3,942, and the Nasdaq is flat at 11,709, The Guardian reported. Among big US banks, Goldman Sachs is down 1.9 per cent, Citigroup has lost 2.4 per cent and Wel...
Banks drag down Wall Street stocks
Banks drag down Wall Street stocks
Source: IANS
18/03/2023 9:54:57 AM
Credit Suisse secures $54 billion lifeline as authorities rush to avert global bank crisis Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global banking crisis. The Zurich-based bank's announcement helped reverse some of the heavy share market losses and restored confidence in wider financial markets, which were battered on Wednesday and into Asia trade on Thursday as investors fretted about potential runs on global bank deposits. ...
Credit Suisse secures $54 billion lifeline as authorities rush to avert global bank crisis
Credit Suisse secures $54 billion lifeline as authorities rush to avert global bank crisis
Source: Reuters
16/03/2023 3:34:36 PM
Panic subsides on Wall Street as regional bank stocks rebound  After a few days of panic over the health of the US banking system, Wall Street appeared to take a deep breath Tuesday, media reports said. Regional bank stocks rebounded Tuesday morning after being pummelled in a Monday selloff that was fuelled by a mix of contagion fears and a pile-on of short-sellers who profit when stocks lose value, CNN reported. Even after the federal government's intervention on Sunday to backstop deposits in two failed lenders, Silicon Valley Bank and ...
Panic subsides on Wall Street as regional bank stocks rebound
Panic subsides on Wall Street as regional bank stocks rebound
Source: IANS
15/03/2023 8:57:55 AM
Wall Street dives, Treasury yields tumble as bank worries spread NEW YORK - U.S. stocks closed sharply lower and Treasury yields extended their slide on Friday over fears of contagion in the financial sector and strong February employment data showing the economy added more jobs than expected. All three major U.S. stock indexes ended the session down more than 1%, with the tech-laden Nasdaq suffering the largest percentage loss. The indexes ended a tumultuous week significantly lower than last Friday's close. The S&P had its biggest week...
Wall Street dives, Treasury yields tumble as bank worries spread
Wall Street dives, Treasury yields tumble as bank worries spread
Source: Reuters
11/03/2023 6:19:01 PM
Wall Street dives, Treasury yields tumble as bank worries spread U.S. stocks closed sharply lower and Treasury yields extended their slide on Friday over fears of contagion in the financial sector and strong February employment data showing the economy added more jobs than expected. All three major U.S. stock indexes ended the session down more than 1%, with the tech-laden Nasdaq suffering the largest percentage loss. The indexes ended a tumultuous week significantly lower than last Friday's close. The S&P had its biggest weekly percentage lo...
Wall Street dives, Treasury yields tumble as bank worries spread
Wall Street dives, Treasury yields tumble as bank worries spread
Source: Reuters
11/03/2023 8:57:43 AM
Oil little changed, worries over rate hikes persist Oil prices were little changed on Friday as traders remained cautious about frequent and steeper rate hikes by the U.S. Federal Reserve, concerns that have triggered a rout in energy prices over the last three days. Brent futures, which fell about 5% over the last three days, were up marginally from near-three week lows at $81.72 a barrel at 0113 GMT. U.S. West Texas Intermediate (WTI) crude rose 2 cents, or 0.03%, to $75.74, having slumped by nearly 6% in the last three trading sessions. ...
Oil little changed, worries over rate hikes persist
Oil little changed, worries over rate hikes persist
Source: Reuters
10/03/2023 8:45:57 AM
Wall Street ends sharply lower, Treasury yields dip ahead of jobs report Wall Street slid sharply on Thursday, pulled lower by bank stocks and jitters ahead of Friday's employment report, while Treasury yields dropped on signs that the Federal Reserve's restrictive policy is beginning to work as intended. All three major U.S. stock indexes slid between 1.7% and 2.1% after lender SVB Financial Group announced a $1.75 billion share sale to shore up its balance sheet. This sparked a broad sell-off as investors prepared for the Labor Department's hotly ...
Wall Street ends sharply lower, Treasury yields dip ahead of jobs report
Wall Street ends sharply lower, Treasury yields dip ahead of jobs report
Source: Reuters
10/03/2023 8:40:01 AM
Wall St pares gains, Treasury yields turn higher ahead of Powell testimony Wall Street edged higher and the greenback softened on Monday as investors weighed China growth expectations and a drop in U.S. factory orders, while looking ahead to U.S. Federal Reserve Chairman Jerome Powell's congressional testimony and crucial jobs data later in the week. All three major U.S. stock indexes were modestly higher, although well off session highs, Treasury yields reversed an earlier dip and the dollar pared its losses in afternoon trading. "You're going to...
Wall St pares gains, Treasury yields turn higher ahead of Powell testimony
Wall St pares gains, Treasury yields turn higher ahead of Powell testimony
Source: Reuters
7/03/2023 9:02:05 AM
Wall Street stocks power higher as Treasury yields and dollar ease Wall Street stocks posted strong gains while Treasury yields and the dollar pulled back on Friday as data pointing to U.S. economic growth boosted risk appetite, even as expectations for rate hikes kept bond yields near multi-year highs. The U.S. services sector grew at a steady clip in February, with new orders and employment rising to more than one-year highs, suggesting the economy continued to expand in the first quarter. U.S. shares jumped, with the Dow Jones Industrial Average up ...
Wall Street stocks power higher as Treasury yields and dollar ease
Wall Street stocks power higher as Treasury yields and dollar ease
Source: Reuters
4/03/2023 9:20:11 AM
Wall Street sells shares, Treasuries to end fraught February  Wall Street indexes and global equities slid further on Tuesday, and bonds wrapped up a difficult month by holding their elevated yields, as more evidence of stubborn inflation added to expectations that central banks will keep rates high. The optimism that drove shares up and global bond yields down in January has ebbed this month, as data from around the world has pointed to economies and labour markets facing little in the way of strain from high inflation. The concern now is l...
Wall Street sells shares, Treasuries to end fraught February
Wall Street sells shares, Treasuries to end fraught February
Source: Reuters
1/03/2023 8:53:18 AM
Asian shares edge higher, dollar rally takes a breather Asian shares nudged higher on Tuesday, tracking small gains on Wall Street, while the U.S. dollar paused after a sharp rally as month-end flows lift sentiment and investors adjust to expectations of more interest rate hikes. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.25% higher but was set to end the month down about 6%. Japan's Nikkei rose 0.44%, while Australia's S&P/ASX 200 index gained 0.51%. China shares was up 0.4% while Hong Kong's Hang S...
Asian shares edge higher, dollar rally takes a breather
Asian shares edge higher, dollar rally takes a breather
Source: Reuters
28/02/2023 8:44:44 AM
Binance's U.S. partner confirms firm run by CEO Zhao operated on exchange The U.S. partner of global cryptocurrency exchange Binance has confirmed that a trading firm managed by Binance CEO Changpeng Zhao operated as a market maker on its platform. Reuters reported on Thursday, citing banking records and company messages, that Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to the trading firm, Merit Peak Ltd. "While there was a market making firm named...
Binance's U.S. partner confirms firm run by CEO Zhao operated on exchange
Binance's U.S. partner confirms firm run by CEO Zhao operated on exchange
Source: Reuters
18/02/2023 10:22:34 AM
Asian Shares track Wall Street's inflation optimism, yen recoups losses Asian shares tracked a bounce on Wall Street on Tuesday, as investors remained confident that key U.S. economic data due later would show an easing in inflation, while the yen recouped losses as Japan nominated a new central bank governor. Japan's currency had weakened on uncertainty surrounding the next governor of the Bank of Japan. The government named academic Kazuo Ueda on Tuesday as its pick for the job, a surprise choice that could improve the odds of an end to its unpopular yie...
Asian Shares track Wall Street's inflation optimism, yen recoups losses
Asian Shares track Wall Street's inflation optimism, yen recoups losses
Source: Reuters
14/02/2023 8:50:03 AM
Stocks, dollar gain on allure of Fed soft landing World stocks rallied and the dollar edged up from eight-month lows on Friday as slowing inflation data raised hopes the Federal Reserve can engineer an economic soft landing and reduce its pace of aggressive monetary tightening next week. U.S. consumer spending fell for a second straight month in December, a Commerce Department report said, which also showed the smallest gain in personal income in eight months that partly reflected moderate wage growth - booth good signs for inflation. ...
Stocks, dollar gain on allure of Fed soft landing
Stocks, dollar gain on allure of Fed soft landing
Source: Reuters
28/01/2023 9:17:35 AM
Narendra Modi government final full budget to focus on welfare spending, reduction of subsidies, 'Make in India' Wall Street major Goldman Sachs does not expect any significant reforms to be announced in this budget, but some details on incentives for 'Make in India', a roadmap on direct tax code implementation, and rationalization of subsidies, particularly fertilizers. The Indian Union budget will be presented on February 1 as the final full-year budget under the current administration before the national elections in mid-2024. This comes at a time when the government is trying to weigh ...
Narendra Modi government final full budget to focus on welfare spending, reduction of subsidies, 'Make in India'
Narendra Modi government final full budget to focus on welfare spending, reduction of subsidies, 'Make in India'
Source: Accord Fintech
11/01/2023 12:42:09 PM
McDonald's CEO says layoffs coming by April to reduce costs McDonald's CEO Chris Kempczinski has announced that layoffs are coming by April, as the global fast food chain aims to reduce costs and "free up resources to invest in growth." Kempczinski told The Wall Street Journal that "some jobs that are existing today are either going to get moved or those jobs may go away." McDonald's plans to communicate its decision around layoffs by April 3. McDonald's last reported nearly 200,000 corporate staff and workers ...
McDonald's CEO says layoffs coming by April to reduce costs
McDonald's CEO says layoffs coming by April to reduce costs
Source: Reuters
7/01/2023 11:00:36 AM
Wall Street ends higher, Treasury yields rise after data flurry Wall Street shuffled to a modestly higher close on Friday and Treasury yields advanced as investors digested a deluge of economic data ahead of the Christmas holiday long weekend, capping a week fraught with worries over the Fed's restrictive monetary policy and related recession fears. All three major U.S. stock indexes ended the session green after waffling through much of the session, with investors showing little conviction as a raft of indicators pointed to economic softening, evi...
Wall Street ends higher, Treasury yields rise after data flurry
Wall Street ends higher, Treasury yields rise after data flurry
Source: Reuters
24/12/2022 9:18:09 AM
Asian shares slip on fears that Fed will have to stay hawkish Asian shares fell on Friday and were set for a second week of losses, while the dollar firmed as strong U.S. data revived fears the Federal Reserve will have to retain its hawkish stance to tame inflation. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1%, snapping a two-day winning streak. Australia's S&P/ASX 200 index and Japan's Nikkei also lost 1%. U.S. weekly jobless claims data pointed to a still tight labour market, while the U.S. economy rebou...
Asian shares slip on fears that Fed will have to stay hawkish
Asian shares slip on fears that Fed will have to stay hawkish
Source: Reuters
23/12/2022 8:59:13 AM
Wall Street ends sharply lower, dollar gains on hawkish policy fears U.S. stocks tanked and the dollar eked out a small gain on Thursday as solid economic data fueled worries that the Federal Reserve's monetary policy will hover at restrictive levels for longer than many market participants may have hoped. The S&P 500 and the Dow lost 1.5% and 1.1%, respectively, while semiconductor stocks and interest rate-sensitive megacaps pulled the tech-laden Nasdaq down 2.2%. The sell-off helped bolster the greenback against a basket of world currencies. ...
Wall Street ends sharply lower, dollar gains on hawkish policy fears
Wall Street ends sharply lower, dollar gains on hawkish policy fears
Source: Reuters
22/12/2022 8:47:27 PM
Global shares rise, but face patchiest yearly performance since 2008 Global shares rose on Wednesday, regaining some stability after the Bank of Japan rocked markets with a surprise decision to loosen its tight leash on government bond yields, pushing the yen to its biggest one-day gain against the dollar in 24 years. The MSCI All-World index rose 0.1% on the day, although it is on track for a 4.4% decline in December. This year, the index is set to have fallen for eight out of 12 months, on a par only with 2008 for the number of monthly losses in a calenda...
Global shares rise, but face patchiest yearly performance since 2008
Global shares rise, but face patchiest yearly performance since 2008
Source: Reuters
21/12/2022 8:28:51 PM
World shares extend rout, oil prices drop on recession worries A rout in global equities extended on Friday and government bond markets came under fresh selling pressure as hawkish tone from central bankers and weak data stoked recession fears. The selling spilled over into commodities markets, where oil prices dropped over $2 per barrel. Gold prices faced their biggest weekly loss in four weeks after the Federal Reserve indicated it was not done hiking rates. The dollar rose in choppy trading. The Fed was one of a slew of central banks that jac...
World shares extend rout, oil prices drop on recession worries
World shares extend rout, oil prices drop on recession worries
Source: Reuters
17/12/2022 10:23:19 AM
Global stocks gain, dollar drops ahead of Fed rate decision Global stocks eked out small gains and the dollar slipped on Wednesday on hopes that central banks will stop raising interest rates in early 2023 following the latest U.S. data that showed a slowdown in inflation. Yet nervousness about the next moves by policymakers kept gains in check ahead of a Federal Reserve meeting later on Wednesday and central bank decisions in Europe and Britain on Thursday. The subdued price moves followed a rally in stocks and a sharp drop in the dollar the pr...
Global stocks gain, dollar drops ahead of Fed rate decision
Global stocks gain, dollar drops ahead of Fed rate decision
Source: Reuters
14/12/2022 8:39:51 PM
Wall Street cautiously optimistic as easing inflation lifts hopes of smaller rate hike Wall Street stocks gained on Tuesday, while Treasury yields fell and the dollar weakened, as new U.S. government data showed the smallest annual increase in inflation in nearly a year. The consumer price index increased 0.1% last month after advancing 0.4% in October, the Labor Department said. Economists polled by Reuters had forecast the CPI gaining 0.3%. The slowdown could give the Federal Reserve cover to start scaling back the size of its interest rate increases on Wednesday. &q...
Wall Street cautiously optimistic as easing inflation lifts hopes of smaller rate hike
Wall Street cautiously optimistic as easing inflation lifts hopes of smaller rate hike
Source: Reuters
14/12/2022 9:28:04 AM