Pakistani rupee plummets as markets adjust to removal of unofficial controls – CNN
The Pakistani rupee fell 9.6% against the dollar on Thursday. Central bank data showed his biggest one-day drop in more than two decades in a slump that could persuade the International Monetary Fund to resume lending to the country. The decline comes a day after foreign exchange firms lifted exchange rate caps, a key IMF […]
The U.S. is massively underperforming global stock markets, and analysts see more of the same – CNBC
Traders at work on the trading floor of the New York Stock Exchange (NYSE) on January 5, 2023. Andrew Kelly | Reuters U.S. stocks have significantly underperformed their global peers over the past three months, a rarity in recent years, and analysts expect the gap to widen in 2023. By Tuesday morning, Russell 3000 The […]
Stocks Erase Gain With Earnings, Rates in Focus: Markets Wrap – Yahoo Finance
(Bloomberg) — U.S. stocks wiped out gains in volatile trading as investors weighed the outlook for corporate earnings and the prospect of tightening central banks. Bloomberg’s most read articles The S&P 500 is below the 4,000 level and the Nasdaq 100 is down 0.2% after six days of gains. Blue chip Dow Jones Industrial Average […]
Stocks Edge Higher in Quiet Session as Bonds Slide: Markets Wrap – Yahoo Finance
(Bloomberg): Chairman Jerome Powell has refrained from giving clues about the outlook for interest rates, even though some officials recently suggested it was too early to declare victory over inflation. Stocks rose in a volatile trading session. Bloomberg’s most read articles The S&P 500 made a small move near the key 3,900 mark. This is […]
Oil prices dip as markets seek more clarity on Fed, SPR restocking By Investing.com – Investing.com
© Reuters. Amber Warwick Investing.com — Oil prices retreated from recent gains on Tuesday ahead of Federal Reserve Chairman Jerome Powell’s speech, but markets are more clear about replenishing US strategic oil reserves this year asked to do Powell is expected to visit Sweden later today to provide more clarity on the direction of US […]