markets
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European markets set to rebound at the open ahead of U.S. inflation data CNBC Source link
(Bloomberg) — Bonds extended their drop and stocks posted small moves as traders braced for a swathe of US data that could show whether bets on interest-rate cuts this year are justified. Most Read from Bloomberg Europe’s Stoxx 600 benchmark and futures contracts on US shares were little changed after Tuesday’s slump. US Treasury yields […]
Egypt’s black market exchange rate for the US dollar reached a record high of 53 Egyptian pounds amid calls for the cash-strapped North African country to devalue its currency. The latest rise in the black market price of the US dollar is due to a worsening in recent weeks of an FX crunch that has […]
(Bloomberg) — Shares in Asia rose after gains in US stocks pushed the S&P 500 to within a whisker of its record high as investors bet that the Federal Reserve will cut interest rates as early as March. Most Read from Bloomberg The MSCI Asia Pacific Index jumped as much as 0.8%, the highest in […]
Most stock markets in the Gulf ended higher on Tuesday as cooling U.S. inflation supported the view that the Federal Reserve could cut borrowing costs next year. The market expectations grew after U.S. data released on Friday showed that by some key measures inflation was now at or below the central bank’s 2% target. Monetary […]
(Bloomberg) — US stocks swung in choppy afternoon trading ahead of the Christmas holiday, they remain on track for an eight-week bull run. Treasuries notched a weekly advance. Most Read from Bloomberg The S&P 500 edged higher on trading volume that trailed the 30-day day average at this time of day by roughly 25%. The […]
(Bloomberg) — European stocks are set to follow losses in the US and Asia as traders dial back optimism over possible Federal Reserve interest-rate cuts and trim positions before the long Christmas weekend. Most Read from Bloomberg Futures on Europe’s stock benchmark declined as much as 0.8% after the S&P 500 and Nasdaq 100 both […]
(NEXSTAR) – Renters may finally catch a break next year. Of the 100 cities analyzed in Zumper’s Annual Rent Report, which was released this week, 55 have seen rent prices drop since last year. An additional 17 are flat year-over-year. The report predicts rent prices will keep “softening,” at least through the first half of 2024. […]
Financial Stability Oversight Council says emerging technology poses ‘safety-and-soundness risks’ as well as benefits. Financial regulators in the United States have named artificial intelligence (AI) as a risk to the financial system for the first time. In its latest annual report, the Financial Stability Oversight Council said the growing use of AI in financial services […]
Asia markets opened higher following a positive close on Wall Street. Investors are eagerly awaiting a crucial U.S. inflation report later in the day, which will likely set the tone for the Federal Reserve’s final meeting of the year on Wednesday. U.S. futures and oil prices advanced. Tokyo’s Nikkei 225 added 0.5% to 32,959.50. Data […]