US stocks and oil prices declined in choppy trading on Monday, even as the dollar and Treasury yields rose, as Wall Street digested a raft of what it read as negative macroeconomic news.With markets already jittery from central bank signals of additional interest rate hikes, U.K. government fiscal plans released …
Read More »JPMorgan: Brent crude may rise to around $100 in Q4 2022
JPMorgan expected the price of Brent crude to rise again towards levels of $100 a barrel, with supply shrinking in the coming months. And the US bank said in a note last week that Brent crude will record levels of $ 101 a barrel in the fourth quarter and $ …
Read More »Japan’s forex intervention estimated at $25 billion – Reuters
Citing calculations made by Tokyo money market brokerage firms, Reuters reported on Monday that Japan’s intervention in the foreign exchange market on September 22 is estimated to be around 3.6 trillion yen ($25 billion). Japan’s Ministry of Finance is expected to unveil the amount spent during the intervention on Friday. …
Read More »Japanese stocks close lower as recession fears escalate
Japanese stocks closed lower on Monday as investors returned from a long weekend to markets affected by the Japanese authorities’ intervention to support the currency, the collapse of the British pound and increasing recession fears. The Nikkei index fell at close 2.66 percent to 26431.55 points, after falling to 26,424.60, …
Read More »Not Cold Enough War: Could Global Economy Incur Further Pain?
The stock market has experienced two rough weeks, ending recently with a warning from FedEX about an imminent slump in the global economy that sent shares to the red territory.FedEx is but one business among millions of companies across the world, especially in the advanced countries. Transportation stocks are giving …
Read More »Dow drops 400 points on slowdown, recession fears
US stocks collapsed on Friday and were heading to record another losing week as investors are generally afraid that the Fed’s hawkish stance could lead to an economic downturn.The Dow Jones Industrial Average fell by 470 points, or 1.55%, while the S&P 500 slid 1.8%. The Nasdaq Composite lost 1.8%.Friday …
Read More »US stocks fall on recession-linked concerns
US stocks fell on Thursday, for the third successive day after the Fed delivered another aggressive 75 base point rate hike. The monetary policy decision, originally meant to encounter hot inflation, triggered anew fears that the US economy could fall into a recession.The Dow Jones Industrial Average was last down …
Read More »Dow closes lower after the Fed’s decision
Stocks fell in volatile trading Wednesday after the Federal Reserve raised rates by 75 basis points and forecast more sizable rate hikes ahead in its fight to tame surging inflation.The Dow Jones Industrial Average slid 522.45 points, or 1.7%, to close at 30,183.78. The S&P 500 shed 1.71% to 3,789.93, …
Read More »Stocks Dip, T-Yields Gain After US Interest Rate Hike
The major US stock averages retreated, reversing earlier gains, after the Fed announced its third consecutive 0.75-percentage-point interest-rate increase. The two- and 10-year U.S. Treasury yields rose to 3.581 up by some +0.17% after the announcement.Following is how the US indexes are performing versus five minutes before the rate policy …
Read More »Dow surges 100 points as Fed’s decision awaited
US stocks rose on Wednesday as investors await another interest rate hike by the Fed as it fights inflation.The Dow Jones Industrial Average gained 155 points, or 0.51%. The S&P 500 climbed 0.58%, and the Nasdaq Composite added 0.47%.Short-term interest rates were surging in anticipation of the Fed’s next super-sized …
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