(Add comment, US markets close) * U.S. producer prices rise in November * Rate hike worries keep Wall Street under wraps * Crude prices set for 10% weekly loss By Herbert Lash and Carolyn Cohn NEW YORK/LONDON, Dec 9 (Reuters) – Treasury yields rose and Wall Street stocks fell on Friday after U.S. producer price …
GLOBAL MARKETS – Stocks fall, yields rise as inflation data sends mixed signals Read More »
Wholesale prices in November may have been slightly warmer than expected, but next week’s look at consumer prices is one that could solidify the Federal Reserve’s next interest rate decision. Ultimately, we think November’s consumer price index (CPI) carries more weight with the market and the Fed than Friday’s wholesale numbers, known officially as the …
Costco’s Inflation Signals Keep Us From Overreacting to Rising Producer Prices Read More »
Investors predict the Federal Reserve will cut rates when it faces a slowing economy next year, betting that the US central bank is much closer to ending its historic monetary tightening campaign than it was. did not announce it. Traders in the US government bond market are betting the Fed will be forced to cut …
Investors bet on interest rate cuts in 2023 despite Fed signals Read More »
All major stock averages closed higher for the week thanks to a Friday afternoon rally that pushed the Dow back into positive territory. Several key economic reports drove the action, including the ADP November Nonfarm Payrolls and Employment Reports and the October Personal Spending Report. Most important, perhaps, was Federal Reserve Chairman Jerome Powell’s comment …
Expect more turmoil after a week of mixed market signals Read More »
Japanese yen strengthens after Powell’s comment on small bulls Temasek’s $245m FTX loss ‘damaged reputation’ of Singapore, Deputy PM says Singapore’s Deputy Prime Minister Lawrence Wong says the state’s sovereign wealth fund’s loss of $275 million investment in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” of the city-state. But the loss …
Asia-Pacific Markets Rise, Japanese Yen Strengthens as Fed Signals Lower Rises Read More »
Comment this story Comment The Federal Reserve is preparing to slow the rapid pace of its interest rate hikes, but will likely keep borrowing costs higher longer than expected to stabilize the economy, the central bank chief said on Wednesday. In a speech at the Brookings Institution, Fed Chairman Jerome H. Powell said the central …
Fed Chairman signals lower rate hikes as bank continues fight against inflation Read More »
NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about falling demand for crude and a surplus market in the coming months. After months of strength, crude futures are flirting with all-year lows as major oil consumer China enters additional COVID-19-related lockdowns while central …
Global oil market signals near-term weakness ahead of EU embargo on Russian oil Read More »
Boston, United States – FTX used to be one of the largest cryptocurrency exchanges in the world – until earlier this month it collapsed within days. In the wake of the collapse of Sam Bankman-Fried’s crypto empire, increased government oversight and calls for tougher regulation threaten to spell the end of the freewheeling Wild West …
‘Betrayed’: FTX Collapse Signals End Crypto’s ‘Wild West’ Days Read More »
Dow Jones futures were little changed overnight, as were S&P 500 and Nasdaq futures. The stock market rally rebounded on Tuesday, with the S&P 500 resuming the 4,000 level. X Deere (DE) reports results early Wednesday, with DE shares in a buy zone. Deere’s profits and advice could be important for a variety of agricultural …
the S&P 500 exceeds 4,000; These 5 Stock Flash Buy Signals Read More »
Dow Jones futures fell slightly overnight, along with S&P 500 and Nasdaq futures. A strong stock market rally on Tuesday morning faded, becoming briefly mixed after Russian missiles reportedly hit Poland. X Target (TGT) headlined Wednesday morning earnings, while the chip giant Nvidia (NVDA) looms large on Wednesday night. The stock market rallied Tuesday morning …
Market Turns, More Stocks Are Showing Buy Signals, But Resistance Looms Read More »
