Economic events
IMF-Sri Lanka bailout talks end without a deal
Sri Lanka is facing its worst financial crisis since independence in 1948, which has left it struggling to pay for essential imports and forced it to default on some foreign debt. Serhej Calka | Istock | Getty Images The International Monetary Fund has ended talks with Sri Lanka, failing to conclude a deal for a […]
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Asia-Pacific markets slip; China PMI data ahead
SINGAPORE — Shares in the Asia Pacific fell at the market open on Thursday as investors await data from China. The Nikkei 225 in Japan dropped 0.72% in early trade, while the Topix slipped 0.76% In Australia, the S&P/ASX 200 fell 0.33%. South Korea’s Kospi declined 0.76%, while the Kosdaq was 0.19% lower. MSCI’s broadest index […]
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Stock futures are flat as S&P 500 tracks for worst first half of the year since 1970
U.S. stock index futures were flat during overnight trading Wednesday, as the S&P 500 prepares to wrap its worst first half in decades. Futures contracts tied to the Dow Jones Industrial Average added 0.1%. S&P 500 futures gained 0.07%, while Nasdaq 100 futures were flat. During regular trading the Dow advanced 82 points, or 0.27%, […]
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European Central Bank member Holzmann says there’s ample room to hike to cool surging inflation
The ECB is heading to a critical meeting in July with a rate rise expected and investors awaiting details of its new fragmentation tool. Daniel Roland | Afp | Getty Images A member of the European Central Bank told CNBC Wednesday that there’s plenty of runway to hike interest rates, following the two planned raises […]
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Shares in the Asia Pacific fall; Australia retail sales rise
SINGAPORE — Shares in the Asia-Pacific fell on Wednesday after Wall Street’s negative performance on Tuesday. Investors will also be looking forward to Japan’s consumer confidence data release. Hong Kong’s Hang Seng index declined about 1% in early trade, while the Hang Seng Tech index dropped 1.44%. In South Korea, the Kospi dropped 1.55%, while […]
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Is the bear market coming to an end? Here’s one indicator pros say to watch closely
After the worst first-half for U.S. stocks in decades, a major rebound last week prompted some optimism that the worst of the sell-off may be behind us — but not everyone’s convinced . It’s perhaps unsurprising that market watchers are reluctant to call the bottom on the brutal selloff, but there’s one indicator that many […]
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China’s economy didn’t bounce back in the second quarter, China Beige Book survey finds
China’s exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for export. Si Wei | Visual China Group | Getty Images BEIJING — Chinese businesses ranging from services to manufacturing reported a slowdown […]
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Lagarde plays down recession risks, says ECB is ready to ‘move faster’ on rates if needed
Christine Lagarde, President of the European Central Bank. The central bank scheduled an emergency meeting to address higher bond yields. John Thys | Afp | Getty Images European Central Bank President Christine Lagarde on Tuesday played down concerns about a recession in the euro zone, also saying her team is ready to raise rates at […]
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Fund manager says this stock is so cheap it makes ‘no sense’
Trying to buy the dip in a beaten down market might feel similar to stepping into a clearance sale at your favorite store — everything’s on sale and screams “buy.” But with no guarantee that the recent uptick in markets is anything more than temporary, investors are stressing the importance of being selective if adding […]
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Don’t get ‘sucked back in’: Fund manager says investors should learn from past bear markets
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2022. Brendan Mcdermid | Reuters The stock market bounce in recent days is just a relief rally and investors should avoid getting sucked back in, according to Trevor Greetham, head of multi-asset at Royal London Asset […]
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