Forex markets
China’s yuan jumps to 16-month high, state banks step in to curb gains
Close up of Chinese Yuan notes, with Mao Tse-tung Peter Dazeley | The Image Bank | Getty Images China’s yuan rose to its strongest level in nearly 16 months on Friday on bets that Beijing will unveil fresh economic stimulus following a jumbo U.S. rate cut, though gains were capped by dollar buying from Chinese […]
Read More
Hong Kong central bank cuts interest rate, tracks Fed move
People wearing face masks walk by the Hong Kong Monetary Authority on March 4, 2020 in Hong Kong. The Hong Kong Monetary Authority bought HK$1.586 billion ($202 million) from the market on Thursday to stop the local currency weakening and breaking its peg to the U.S. dollar, the de-facto central bank’s first intervention in 18 […]
Read More
What a Fed rate cut could mean for the world
The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the Covid-19 pandemic — and despite the move being widely forecast, global investors are braced for impact. The Fed is behind a swathe of its central bank peers, including those in the euro zone, the U.K., Canada, […]
Read More
Dollar Tree shares slide after discounter cuts full-year forecast
A sign is posted in front of a Dollar Tree and Family Dollar store on March 13, 2024 in Rio Vista, California. Justin Sullivan | Getty Images Shares of Dollar Tree fell about 10% in premarket trading Wednesday after the discounter cut its full-year outlook, citing increasing pressures on middle-income and higher-income customers. The retailer […]
Read More
Biggest concern is the market sell-off becoming a ‘self-fulfilling prophecy,’ research firm warns
The New York Stock Exchange is seen during afternoon trading on August 05, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images Sustained market declines in the wake of the recent global sell-off could become a “self-fulfilling prophecy” that eventually leads to a recession, Morningstar DBRS analysts warned. “In […]
Read More
Investors are unwinding the biggest ‘carry trade’ the world has ever seen, SocGen strategist says
A pedestrian walks past a display board showing the morning numbers on the Tokyo Stock Exchange along a street in Tokyo on August 5, 2024. Richard A. Brooks | Afp | Getty Images A rapid unloading of “carry trades” extended on Monday, with market participants seeking to roll back on the popular strategy amid a […]
Read More
CNBC Daily Open: Fed signals possible rate cut; Wall Street soars; oil gains as Middle East tensions rise
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 matter where they are. Like what you see? You can subscribe here. Traders work on the floor of the New York Stock Exchange on July 25, 2023. Angela Weiss […]
Read More
Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking
Golden Horn and Bosphorus at sunset, Istanbul, Turkey Matteo Colombo | Digitalvision | Getty Images Turkey came out miles ahead of the rest of the world in an annual global wealth ranking — in a result that may come as surprising, given the country’s high levels of inflation. “Türkiye stands out with a staggering growth […]
Read More
Japan information implies feasible yen intervention of around $22 billion
A gentleman walks previous an electronic board demonstrating the amount of the Japanese yen vs . the US greenback along a avenue in Tokyo on February 14, 2024. Kazuhiro Nogi | Afp | Getty Illustrations or photos A refreshing current market projection by the Bank of Japan on Friday hints at a feasible intervention of […]
Read More
Dollar Tree is exploring a sale of its Family Dollar brand
An exterior view of a Dollar Tree store in Bloomsburg Pennsylvania. Paul Weaver | Sopa Images | Lightrocket | Getty Images Dollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand. The company had recently shared plans to close almost 1,000 Family Dollar stores in an attempt to revamp […]
Read More