Category: World

US 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 […]

Representative image. The S&P 500 ended an indecisive session with a nominal increase and Treasury yields edged up on Wednesday as a spate of economic data appeared to support Federal Reserve Chairman Jerome Powell’s reassertion, in his second day of congressional testimony, that the central bank would continue to ratchet up policy rates until inflation […]

Asian shares wobbled while the dollar was perched near a three-month top on Thursday after a spate of economic data overnight appeared to support Federal Reserve Chairman Jerome Powell’s hawkish guidance on further interest rate increases. In his second day on Capitol Hill, Powell stuck to his message of higher and potentially faster interest rate […]

U.S. stock indexes closed sharply lower on Tuesday after Federal Reserve Chair Jerome Powell told Congress the central bank will likely need to raise interest rates more than previously expected as it seeks to rein in stubbornly high inflation. Of Wall Street’s three major indexes, the Dow Jones Industrial Average (.DJI) lost most ground with a 1.7% […]

Asian Markets Asian shares fell sharply on Wednesday, while the dollar advanced after hawkish comments from Federal Reserve Chair Jerome Powell raised the possibility of the U.S. central bank returning to large rate hikes to tackle sticky inflation. The Fed will likely need to raise interest rates more than expected in response to recent strong […]

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Tuesday, Sept. 7, 2021. Equities retreated from near-record highs as U.S. trading resumed after the Labor Day holiday. Photographer: Michael Nagle/Bloomberg Four major events over the next 13 trading sessions will be the key catalysts in determining […]

Asian shares edged up on Monday while bond markets held their breath ahead of an update on the U.S. rate outlook from the world’s most powerful central banker, and a jobs report that could decide if the next hike needs to be super-sized. There was some disappointment that Beijing chose to lowball its growth outlook […]

Asian shares edged up on Monday while bond markets held their breath ahead of an update on the U.S. rate outlook from the world’s most powerful central banker, and a jobs report that could decide if the next hike needs to be super-sized. There was some disappointment that Beijing chose to lowball its growth outlook […]

Wall Street rallied on Friday to end a volatile week, as US Treasury yields eased and economic data helped investors look past the growing likelihood that the Federal Reserve will have to keep its restrictive policy in place until late in the year. All three major US stock indexes surged more than 1%, with the […]

Asian markets Asian shares rose on Friday after Wall Street reversed losses on signals of a measured policy tightening approach from the U.S. Federal Reserve as well as on prospects of a solid economic recovery in China. Global markets have been buffeted by a raft of strong U.S. data over recent weeks, including U.S. jobless […]

Wall Street stocks reversed losses to end higher on Thursday, and U.S. government bond yields tempered gains, as investors digested strong economic data and signals of a measured interest rate approach from the Federal Reserve. U.S. jobless claims numbers fell, while Atlanta Fed President Raphael Bostic said that he favored “slow and steady” quarter-point U.S. rate increases to […]

Asian markets A rally in Asian shares sputtered on Thursday, pressured by a pullback in Chinese stocks and higher U.S. yields amid fears that global central banks would keep raising interest rates to combat sticky inflation. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.3%, reversing some of the 2.1% gain in the previous […]

The broad-based S&P 500 rose 0.72 percent to 3,998.74, while the tech-heavy Nasdaq Composite Index rose 0.9 percent to 11,497.94. (Representative Image) The S&P 500 and Nasdaq fell for a second straight session on Wednesday as Treasury yields jumped after manufacturing data indicated inflation is likely to remain stubbornly high, while comments from Federal Reserve […]

Asian Markets Asian stocks rebounded from a two-month low on Wednesday as data showing China’s manufacturing activity in February expanded at the fastest pace in more than a decade cheered investors, ofsetting fears over rising interest rates. China’s official manufacturing purchasing managers’ index (PMI) stood at 52.6 last month against 50.1 in January, based on […]