Economic events
Bank of England set for second cut after Labour reveals tax-hiking budget
Trump’s election could speed up 2025 rate cuts, UBS says Former US President Donald Trump arrives during a “Get Out The Vote” rally in Greensboro, North Carolina, US, on Saturday, March 2, 2024. Bloomberg | Bloomberg | Getty Images President-elect Donald Trump’s victory in the U.S. election could speed up the pace of Bank of […]
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CNBC Daily Open: The Trump rally kicks off
Republican presidential nominee and former U.S. President Donald Trump speaks at a campaign rally at Santander Arena in Reading, Pennsylvania, U.S., November 4, 2024. Brian Snyder | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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China October exports record highest jump in 19 months, imports decline more than expected
A cargo ship is sailing towards the docking of a foreign trade container terminal in Qingdao Port, Shandong province, in Qingdao, China, on June 7, 2024. Costfoto | Nurphoto | Getty Images China’s exports in October rose at their fastest pace in 19 months, sharply beating analysts’ estimates, according to data from the country’s customs […]
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Mortgage rates surge higher on Trump victory, causing housing stocks to fall
President-elect Donald Trump’s victory spurred a rise in in the U.S. 10-year Treasury yield. Mortgage rates, which loosely follow the benchmark yield, are also climbing. The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, according to Mortgage News Daily. That is the highest rate since July 1 of this […]
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Europe praises Trump’s victory amid wider fears of an impending economic nightmare
Donald Trump (L), President of the USA, and Emmanuel Macron, President of France, join hands during the final press conference of the G7 Summit on 26 August 2019, in Biarritz, France. NurPhoto | NurPhoto | Getty Images European officials have been quick to congratulate Donald Trump after he defeated his Democratic rival Kamala Harris to […]
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Brits brace for higher mortgage payments despite Bank of England seen cutting rates
Period red-brick home rooftops in a suburb overlooking London’s financial district. Oversnap | E+ | Getty Images LONDON — Britons are facing the prospect of higher mortgage rates for longer after the government’s tax-and-spend budget threw off expectations for a series of near-term interest rate cuts. The Bank of England is widely expected to cut […]
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10-year Treasury yield rises with all eyes on the U.S. election
A specialist trader works inside a post on the floor at the New York Stock Exchange on Oct. 23, 2024. Brendan McDermid | Reuters Treasury yields rose in early trading Tuesday evening as investors awaited results from the tight presidential race between Vice President Kamala Harris and former President Donald Trump. The 10-year Treasury yield traded 7 […]
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Asia-Pacific markets to open mostly higher after Wall Street rallies ahead of U.S. election results
A screen displays the Nikkei 225 Stock Average figure on the trading floor at the Nomura Securities Co. headquarters in Tokyo, Japan, on Jan. 11, 2024. Bloomberg | Bloomberg | Getty Images SINGAPORE — Asia-Pacific markets were set to open mostly higher Wednesday after Wall Street surged overnight ahead of the U.S. presidential election results. […]
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Asia-Pacific markets trade mixed as investors eye Fed and RBA rate decision
The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty Images Asia-Pacific markets traded mixed on Tuesday as investors prepared for the U.S. presidential election and a possible interest rate cut from the Federal Reserve later this week. Japan’s Nikkei 225 added 0.68% in its first hour of […]
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More homeowners just started pulling cash out of their properties. Here’s why.
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty Images U.S. homeowners are sitting on a record amount of equity, but higher interest rates over the past two years have made them reluctant to tap […]
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