Economic events
European markets set to start the new trading week in mixed territory
European markets are expected to start the new trading week in mixed territory Monday, as jitters over the global economy persist. The U.K.’s FTSE 100 index is expected to open 22 points lower at 8,227, Germany’s DAX down 37 points at 20,182, France’s CAC down 11 points at 7,413 and Italy’s FTSE MIB down 143 points […]
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Asia-Pacific markets set to open lower after strong U.S. jobs report clouds Fed rate-cut path
Aerial view of the Shanghai financial district skyscrapers and the Huangpu river at sunset. Tobiasjo | E+ | Getty Images Asia-Pacific markets were set to open lower Monday, after U.S. jobs report on Friday dampened investors’ hopes for early interest rate cuts by the Federal Reserve. Australia’s S&P/ASX 200 traded 0.99% lower. Hong Kong’s Hang […]
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Behind the stock sell-off and whether the bull market is at risk
It’s really not as simple as saying good news on the economy was treated as bad news on Wall Street. Yes, the S & P 500 shed 1.5% Friday, after December payroll growth of 256,000 was 100,000 above forecasts and the unemployment rate fell a tick to 4.1%. But the mini-market tantrum is less about […]
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10-year Treasury yield spikes to highest level since late 2023 after hotter-than-expected jobs report
U.S. Treasury yields jumped to their highest level since November 2023 after the latest jobs data came in stronger than economists had forecast. The 10-year Treasury yield added nearly six basis points at 4.745%. The 2-year Treasury surged more than 10 basis points at 4.369%. One basis point is equal to 0.01% and yields and […]
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Ubisoft drops 8% after appointing advisors to review strategic options; European markets trade lower
European markets opened lower on Friday, as investors monitor economic data and ongoing turbulence in the U.K.’s debt markets. The pan-European Stoxx 600 index was down 0.1% shortly after the opening bell, with most sectors and major bourses in negative territory. London’s FTSE 100 shed more than 0.1% during early morning deals. Shares of Ubisoft […]
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Why China’s central bank has stopped bond purchases
BEIJING — The Chinese central bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that’s put unwanted downward pressure on the yuan, analysts said. China’s 10-year bond yield plunged to a record low this month, while the Chinese currency traded in Hong Kong on Wednesday hit its weakest […]
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Chinese lenders have a massive challenge: They can’t lend enough
SHENZHEN, CHINA – NOVEMBER 16: A boy sits outside a branch of the Bank of China while using a smartphone on November 16, 2024 in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images Chinese commercial banks have a huge problem. With consumers and businesses gloomy about the prospects of the […]
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Asia-Pacific markets slip as investors assess Japan pay and household spending data
A customer places a Japanese 10,000 yen banknote on a checkout counter while making a purchase at an Akidai YK supermarket in Tokyo, Japan, on Monday, June 27, 2022. Kiyoshi Ota | Bloomberg | Getty Images Asia-Pacific markets mostly fell Friday, with investors assessing November pay and household spending out from Japan. Real household spending […]
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CNBC’s Inside India newsletter: Stocks have ‘bottomed out.’ Here’s what 2025 has in store
A man stands at his makeshift vegetable shop at a temporary open-air market in Samastipur, Bihar, India, on november 29, 2024.(Photo by Bilal Kuchay/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging […]
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China’s consumer inflation slows further in December, stoking deflation worries
Customers purchase fruit at a supermarket on December 9, 2024 in Qingzhou, Shandong Province of China. Vcg | Visual China Group | Getty Images China’s consumer prices in December edged up 0.1% year on year, in line with expectations, data from the National Bureau of Statistics showed Thursday, but the slower rise from the previous […]
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