Corporate news, financial markets, and economic trends
A rally went up on a whim for most of last year, which began as China’s stock market in 2024 but lost steam over the lack of further big stimulus beyond the initial back-to-back moves by the government. There, optimism surrounding the policy shifts by Beijing has given way to growing frustration among traders over…
In fact, the new market-friendly policy thrust, galvanized by a U.S. labor market surprisingly better than recession, raises questions of a “no landing.” This term refers to the state in which an economy continues to grow without some significant slowdown into recession, no matter how hard those trying to bring inflation under control try to…
It is actually leading a rally in Asian equities, driven by strong figures of U.S. employment that have allayed recession fears and then tempered the expectations of further rate cuts at the Federal Reserve. Japan’s benchmark Nikkei 225 jumped 2% in early trading sessions, reflecting investor optimism citeturn0search67. The September U.S. nonfarm payrolls report revealed…
The Bank of Canada has announced plans to appoint a second external deputy governor, a decision aimed at expanding the diversity and breadth of perspectives within its governing council. This move will increase the number of members on the interest rate-setting body from six to seven, ensuring a broader range of views in its monetary…
Oil prices increased the most in a week since February 2023 amid rising Middle East tensions during the week, centered on the conflict between Israel and Hezbollah. Concern about the conflict spilling over into other major oil producers, namely Iran, has fueled the instability, and that pushed oil futures significantly higher. Brent crude, the international…
The Federal Reserve decision to cut interest rates in 2024 has generated a lot of debate on how such might affect the wallet of car buyers. Though the move targets making borrowing cheap, car buyers may not feel the immediate impact for numerous reasons. How Slow Fed Rate Cuts Affect Markets The Federal Reserve does…
The Federal Reserve decision to cut interest rates in 2024 has generated a lot of debate on how such might affect the wallet of car buyers. Though the move targets making borrowing cheap, car buyers may not feel the immediate impact for numerous reasons. How Slow Fed Rate Cuts Affect Markets The Federal Reserve does…
The 2024 U.S. presidential election has catapulted cryptocurrency into the center of the political universe-aka “America’s crypto election.” Though only a little more than a decade old, the industry is unprecedentedly powerful in electoral politics. Once a decidedly niche issue, cryptocurrency is currently one of many touchstone issues for many voters, with its influence shaping…
Many Wall Street banks also foresee further gains for Pound Sterling against the US Dollar and the Euro, continuing its rally that has been among the big trends in currency markets so far in 2024. Such optimism is underpinned by a spate of encouraging macro factors, including the slowing pace of rate cuts by the…
It has been puzzling many that the Federal Reserve has cut interest rates lately, yet Treasury yields have been rising. Traditionally, when the Fed cuts the rate, bond yields, especially longer-term Treasuries, decline because the cost of borrowing falls and economic activity is expected to be sluggish. But that’s the opposite of what’s happening in…
