Can Markets Function Normally With Intrusive Central Planning?
Estimated Reading Time: 6 minutes Editors’ Note: On Friday, March 10, Silicon Valley Bank collapsed, the second largest bank failure in US history. There is common wisdom that the FED keeps raising rates “until something breaks.” There is likely no bigger single market intervention than the manipulation of interest rates. Along with the meltdown in […]
Asian Currencies in Focus as Japan Warns on Yen: Markets Wrap – Yahoo Finance
(Bloomberg) — An index of Asian currencies fell for a third straight session to kick off a week that includes inflation data that may offer insight into the outlook for global interest rates, while the yen steadied after Japan’s top currency policymaker doubled down on intervention. Most read articles on Bloomberg Regional indexes also fell, […]
Stocks Fall on US Economic Data and Europe Angst: Markets Wrap – Yahoo Finance
(Bloomberg) — Stocks ended the week weaker after disappointing U.S. economic data and worries about a deepening political crisis in France led traders to shy away from riskier assets. Most read articles on Bloomberg U.S. stocks pared this week’s gains as high prices continued to hurt personal finances and a measure of consumer confidence unexpectedly […]
Elon Musk says Tesla shareholders are backing his $56bn pay package; markets cling onto soft landing hopes – business live | Business
Important Events Musk says Tesla shareholders voted for $56 billion compensation package It’s a landmark day for Tesla as the company asks shareholders to approve a $56bn (£44bn) pay package for CEO Elon Musk. The bill is back up for approval after being rejected by a Delaware judge earlier this year, so the electric-vehicle maker […]
Asia-Pacific markets rise as Fed holds rates and shifts dot plot – CNBC
The sails of the Opera House are illuminated with projected images during the opening night of Vivid Sydney 2023, Friday, May 26, 2023, in Sydney, Australia. Anadolu Agency | Anadolu Agency | Getty Images Asia-Pacific markets rose on Thursday after the US Federal Reserve kept the federal funds rate unchanged at 5.25%-5.5% and changed its […]
Stocks Rise on Dovish Rate Bets; Bond Rally Pauses: Markets Wrap – Yahoo Finance
(Bloomberg) — Stocks rose on bets that a weakening economy will give the Federal Reserve room to cut interest rates this year, while Treasury bonds pared a rally that had sparked the biggest two-day drop in yields this year. Most read articles on Bloomberg S&P 500 contracts rose after the underlying index closed just 0.6% […]
India stocks tumble 5% to lead Asia markets lower on tighter-than-expected election race; Adani stocks tank 20% – CNBC
3 hours ago Adani Group shares fall nearly 20% Adani Group shares fell nearly 20% after results from India’s general election showed a closer race than expected between the BJP-led NDA and the Indian National Congress-led INDIA alliance. Adani Ports plunged more than 18 percent and Adani Enterprises plunged 19 percent. Both stocks rose more […]
Asian Stocks Eye Early Gains as Rate Cut Bets Firm: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian stocks rose on Monday as a weak reading of the Federal Reserve’s preferred inflation gauge spurred hopes of an interest rate cut. Most read articles on Bloomberg Australian, Japanese and Hong Kong shares rose, while Indian stock futures surged after exit polls showed a landslide victory for Prime Minister Narendra Modi’s party. […]
European Futures Slip as High Yields Sour Mood: Markets Wrap (Bloomberg) – Yahoo Finance
(Bloomberg) — European stocks are set to follow selling pressure from Asia as U.S. Treasury yields hover near this year’s highs, keeping risk sentiment in check. Most read articles on Bloomberg Euro Stoxx 50 futures fell 0.4% and U.S. stock futures also fell. The MSCI Asia Pacific Index fell to its lowest in three weeks, […]
Stocks Slide With Bonds After US Yield Spike: Markets Wrap – Yahoo Finance
(Bloomberg) — Stocks fell and bond prices slid, following an overnight sell-off in U.S. Treasuries after a weak bond auction and hawkish comments from the Federal Reserve chairman. Most read articles on Bloomberg Europe’s Stoxx 600 index fell 0.6%, and futures pointed to a similar decline on Wall Street. UK 10-year government bond yields rose […]