Volatile week as investors assess recession prospects

LONDON — European markets closed sharply higher on Friday to end a volatile week, as investors around the world assessed recession inflation and fears of an economicion. The pan-European Stoxx 600 index closed up by 2.6% provisionally, its best day in more than three months, with tech shares adding 3.8% to lead gains as all … Read more

Fed raises rate, oil prices and currencies

SINGAPORE — Asia-Pacific markets rallied on Thursday, tracking US stocks after the Federal Reserve raised benchmark interest rates 75 basis points in a move that equates to the most aggressive hike since 1994. Japan’s Nikkei 225’s rose nearly 2% after markets opened and it was a sea of ​​green among the automakers and tech stocks. … Read more

10-year Treasury yield in focus ahead of Fed meeting

Treasury yields fell on Tuesday as investors assessed the prospect of the Federal Reserve taking the most aggressive step yet in its fight to lower soaring inflation. The yield on the benchmark 10-year Treasury note slipped around 9 basis points to 3.276%, paring gains after climbing to 3.39% and notching its biggest move since 2020 … Read more

European stocks open to close as markets are rattled by central banks

LONDON — European stocks advanced on Tuesday after sharp declines in global markets on Monday, amid fears that central banks will be forced into aggressive monetary policy tightening with inflation remaining high. The pan-European Stoxx 600 added 0.7% in early trade, with banks climbing 1.7% to lead gains as all sectors and major bourses moved … Read more

Asia stocks continue to slide after Monday losses; Alibaba drops more than 5%

Risk assets have plummeted with recession risk rising given the surge in yields and expectations of the Fed doing a Volcker. Strickland Lids Director of Economics, National Australia Bank Mainland Chinese stocks also declined as the Shanghai Composite fell 0.87% and the Shenzhen Component fell 1.41%. South Korea’s Kospi dipped 1.59%. Australia’s S&P/ASX 200, which … Read more

European markets open to close, stocks, data, earnings

LONDON— European stocks tumbled on Monday as investor sentiment was dominated by the prospect of forthcoming interest rate hikes. The pan-European Stoxx 600 fell 2.2% by late morning, with tech stocks and autos shedding 3.8% to lead losses as all sectors and major bourses slid into negative territory. The slump in sentiment in Europe on … Read more

Japan, South Korea, Hong Kong drop nearly 3%

SINGAPORE — Shares in Asia tumbled on Monday, as major markets in the region saw sharp losses and the dollar-yen hovered around the 135 level. South Korea’s Kospi fell 3.3%, led by tech shares like Samsung Electronics which declined 2.51% while Kakao dipped 4.74%. The Nikkei 225 in Japan dropped 2.81%, and shares of conglomerate … Read more

Russia cuts key interest rate back to prewar level

National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. Maxim Shemetov | Reuters The Central Bank of Russia on Friday cut its key interest rate by 150 basis points to 9.5% — the level it was at when Russia’s invasion of Ukraine began. Although acknowledging that the external environment … Read more

Europe markets open to close after ECB meeting; US inflation data ahead

LONDON — European stocks closed lower on Friday as investors reacted to the European Central Bank’s latest policy decisions and a hotter-than-expected US inflation print. The pan-European Stoxx 600 ended the day down 2.7%, with banks shedding 4.9% to lead losses as all sectors and major bourses closed in negative territory. The ECB on Thursday … Read more

Asia-Pacific stocks mixed ahead of China’s May trade data release

SINGAPORE — Asia-Pacific stocks were mixed in Thursday morning trade, with investors awaiting the release of China’s trade data for May expected later today. In Japan, the Nikkei 225 edged fractionally higher while the Topix index climbed 0.12%. South Korea’s Kospi declined 0.57%. Over in Australia, the S&P/ASX 200 dropped 1.09%. MSCI’s broadest index of … Read more