Economic events
Asia markets tumble after Fed’s cautionary outlook prompts Wall Street sell-off; BOJ keeps rate on hold
Japan ,Tokyo City skyline, Tokyo Tower. Prisma By Dukas | Universal Images Group | Getty Images Asia-Pacific stocks and currencies fell Thursday, amid a broader market sell-off after the U.S. Federal Reserve delivered its third consecutive rate reduction and signaled fewer rate cuts ahead. Investors assessed the Bank of Japan’s decision to keep its policy […]
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New Zealand sinks into recession, more rate cuts coming
Buildings in Auckland, New Zealand, on Tuesday, Sept. 13, 2022. Photographer: Fiona Goodall/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images New Zealand’s economy sank into recession in the third quarter as activity dived far more sharply than expected and output in the prior quarter was slashed, a dire result that cements the case for […]
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Wall Street has mixed feelings toward European stocks for 2025. Here are their big calls
Major investment banks are presenting varied outlooks for European equities in 2025, with predictions ranging from modest gains to significant upside potential amid concerns about global growth and trade tensions. .STOXX YTD line Goldman Sachs Goldman Sachs lowered its expectations for European stocks, with strategist Sharon Bell forecasting a 12-month price target of 530 for […]
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10-year Treasury yield leaps to 4.5% as Fed signals caution on future rate cuts
U.S. Treasury yields jumped on Wednesday after the Federal Reserve announced its latest interest rate cut, but signaled fewer could be on the horizon. The yield on the 10-year Treasury climbed more than 11 basis points to 4.498%, hovering around the key 4.5% level in afternoon trading. The 2-year Treasury yield surged more than 10 […]
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Asia markets open mixed following losses on Wall Street; Japan trade data in focus
Containers at a shipping terminal in Yokohama, Japan on Oct. 18, 2021. Japan’s trade deficit surged in September as imports overwhelmed export growth. Kiyoshi Ota | Bloomberg | Getty Images Asia-Pacific markets opened mixed on Wednesday, following losses on Wall Street that saw the Dow Jones Industrial Average tumble for a ninth straight day. Investors in Asia […]
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France’s new prime minister gets a baptism of fire after surprise Moody’s downgrade
Francois Bayrou, France’s incoming prime minister, during the handover ceremony at the Hotel Matignon in Paris, France, on Friday, Dec. 13, 2024. Bloomberg | Bloomberg | Getty Images Within hours of being appointed, France’s new prime minister Francois Bayrou faced his first upset: the country’s credit rating was downgraded by credit rating agency Moody’s. The […]
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Russia braced for mammoth rate hike amid fears it’s losing the battle against inflation
A customer with a cart chooses cheese at the Okey supermarket in St. Petersburg. Sopa Images | Lightrocket | Getty Images Russia’s central bank is expected to carry out a mammoth rate hike later this week as inflation continues to soar in the war-focused economy. Russia’s consumer price index continues to rise despite repeated rate […]
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Asia markets mostly rise as central bank decisions take the spotlight
View of the headquarters of the Bank of Japan in Tokyo. Sopa Images | Lightrocket | Getty Images Asia-Pacific markets mostly climbed on Monday, with investors looking to several major central back decisions due this week including the Bank of Japan and the People’s Bank of China. The Federal Reserve’s decision on Dec. 18 stateside […]
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Why fast-food companies like KFC and Chick-fil-A are betting on chicken tenders again
Fast-food companies like Yum! Brands’ KFC and McDonald’s are getting back into chicken tenders as a way to attract consumers with a low-risk, high-reward bet on a familiar favorite. Nearly half of all fast-food restaurants served the chicken item as of the third quarter, up 5.7% from the same period in 2019, according to […]
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