Economic events
European markets head for higher open as investors look to reverse negative slide
LONDON — European stocks are expected to open higher on Wednesday as markets look to reverse a negative slide in the previous trading session. The U.K.’s FTSE index is seen opening 79 points higher at 7,096, Germany’s DAX 159 points higher at 12,550, France’s CAC 40 up 82 points at 5,867, and Italy’s FTSE MIB 270 […]
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Bonds flash recession warning light as key part of the yield curve inverts again
The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like the yield […]
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Luxury car buyers shell out more than ever with ‘car payments that look more like mortgage payments’
If you can even find a new car to buy, actually purchasing it is going to cost you. “It’s a really difficult time to buy a car,” said Jessica Caldwell, executive director of insights for Edmunds. Limited inventory due to a persistent shortage of computer chips, along with other supply-chain challenges, helped propel new car […]
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Germany’s much-vaunted trade surplus disappears as import prices surge
Germany trade entered negative territory in May, raising questions about the stability of its economy in the wake of Russia’s invasion of Ukraine. Picture Alliance | Picture Alliance | Getty Images Germany is no longer exporting more than what it buys from other countries, highlighting the strains that the nation and other European economies are […]
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Euro slides to 20-year low against the dollar as recession fears build
A euro currency symbol sits on display in the visitor centre at the European Central Bank (ECB) building in Frankfurt, Germany. Alex Kraus | Bloomberg | Getty Images The euro fell to its lowest level in two decades on Tuesday, sliding over 1% to hit $1.0305. It comes as fears of a recession in the […]
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European stocks flat as markets struggle to build momentum
LONDON — European stocks were flat on Tuesday as global markets look to cement gains after a bruising week for stocks last week. The pan-European Stoxx 600 hovered around the flatline after an hour of trading, having given back opening gains. Food and beverage stocks gained 0.8% while oil and gas stocks dropped 1%. In […]
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The second-half is ‘not looking good’: Strategists on how to weather the market storm
A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters The first half of 2022 was historically dismal for global stock markets, and strategists think there are dark clouds on the horizon and some way to go before the storm blows over. The S&P 500 […]
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Asia-Pacific markets rise; Reserve Bank of Australia decision ahead
SINGAPORE — Shares in the Asia-Pacific traded higher as investors look ahead to the Reserve Bank of Australia’s rate decision. South Korea’s Kospi increased 1.29%, and the Kosdaq advanced 3.25%. SK Hynix jumped 3.37% while Naver rose 3.19%. The Nikkei 225 in Japan gained 0.82%, while the Topix index rose 0.4%. Hong Kong’s Hang Seng […]
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Stock futures are flat after another losing week on Wall Street
Traders on the floor of the NYSE, July 1, 2022. Source: NYSE Stock futures were flat in overnight trading after the major averages finished another losing week. Stock futures tied to the Dow Jones Industrial Average slipped 30 points or 0.11%. S&P 500 futures dipped 0.08%, and Nasdaq 100 futures fell 0.04%. The moves come […]
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Turkey’s annual inflation soars to almost 79%
Shoppers stroll the aisles of a bazaar in Konya, Turkey. The country is experiencing brutal inflation, with food and non-alcoholic beverage prices rising 70.3% year over year for March. Diego Cupolo | Nurphoto | Getty Images Inflation in Turkey rose close to 79% last month, the highest the country has seen in a quarter of […]
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