Prices

10-year Treasury yield rises above 4.3% as traders ignore noisy jobs report
World

10-year Treasury yield rises above 4.3% as traders ignore noisy jobs report

The yield on the 10-year Treasury rose as traders downplayed October jobs data showing meager job growth that was hurt by hurricanes and striking workers, and was far below what Wall Street was expecting. The 10-year Treasury yield jumped nearly 10 basis points at 4.382%. The 2-year Treasury yield was higher by 5 basis points […]

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Asia markets set for a mixed open after key Wall Street benchmarks clock worst day in 2 months
World

Asia markets set for a mixed open after key Wall Street benchmarks clock worst day in 2 months

SHANGHAI, CHINA – MARCH 01: Skyscrapers stand at the Pudong Lujiazui Financial District on March 1, 2022 in Shanghai, China. Xiao Yang | Visual China Group | Getty Images Asia-Pacific markets were set to open mixed Friday, after Wall Street benchmarks the Nasdaq Composite and S&P 500 suffered their worst day in nearly two months […]

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Federal Reserve rate cuts could prove to be a boon for Southeast Asian economies
World

Federal Reserve rate cuts could prove to be a boon for Southeast Asian economies

A Thai investor checks an electronic board showing stock prices. Amphol Thongmueangluang | SOPA Images| LightRocket | Getty Images The U.S. Federal Reserve’s decision to cut interest rates in September, with further reductions expected, could prove to be a boon for the emerging economies of Southeast Asia. “We’re very confident and optimistic with the rate […]

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European markets open lower ahead of euro zone inflation data; Societe Generale jumps 8%
World

European markets open lower ahead of euro zone inflation data; Societe Generale jumps 8%

Traders sit in front of trading screens at ETX Capital in central London on January 3, 2017. London’s FTSE 100 reached a historic peak at 7,205.21 points in morning trade, extending a record run seen in the final week of 2016, before easing back from its highs.  Daniel Leal | Afp | Getty Images LONDON […]

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Asia markets mostly slip ahead of Bank of Japan decision, China factory activity figures
World

Asia markets mostly slip ahead of Bank of Japan decision, China factory activity figures

Kazuo Ueda, governor of the Bank of Japan (BOJ), speaks during a news conference at the central bank’s headquarters in Tokyo, Japan Bloomberg | Bloomberg | Getty Images Asia-Pacific markets slipped Thursday as investors look to the Bank of Japan’s rate decision, as well as key business activity figures from China. Economists polled by Reuters […]

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European markets fall over 1% as investors await UK budget; Campari shares slide 15%
World

European markets fall over 1% as investors await UK budget; Campari shares slide 15%

Novo Nordisk shares fall to nine-month low Novo Nordisk shares on Wednesday fell to levels last seen in January of 2024 according to LSEG data, pulling back after competitor Eli Lilly posted weaker-than-expected quarterly results. Eli Lilly missed expectations for profit and revenue in the third quarter and cut its adjusted profit guidance for the […]

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Asia-Pacific markets set for mixed open; Australia inflation data in focus
World

Asia-Pacific markets set for mixed open; Australia inflation data in focus

The Australian flag is in front of Christiansborg Palace in Copenhagen, Denmark, on January 14, 2024.  Kristof Z. Markovics | Nurphoto | Getty Images Asia-Pacific markets were set for a mixed open Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new record high as tech stocks gained. Traders in […]

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Morgan Stanley CEO says the era of zero interest rates and inflation ‘is over’
World

Morgan Stanley CEO says the era of zero interest rates and inflation ‘is over’

Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023.  Jeenah Moon | Bloomberg | Getty Images RIYADH — The days of easy money and zero interest rates are firmly in the past, Morgan Stanley CEO Ted Pick said Tuesday, speaking at a panel […]

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Larry Fink says the Fed won’t cut interest rates as much as markets expect this year
World

Larry Fink says the Fed won’t cut interest rates as much as markets expect this year

Andrew Ross Sorkin speaks with BlackRock CEO Larry Fink during the New York Times DealBook Summit in the Appel Room at the Jazz at Lincoln Center in New York City on Nov. 30, 2022. Michael M. Santiago | Getty Images The U.S. Federal Reserve won’t cut interest rates as much as markets expect because “embedded […]

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Japan’s Nikkei 225 climbs, yen drops as political uncertainty after elections clouds rate-hike path
World

Japan’s Nikkei 225 climbs, yen drops as political uncertainty after elections clouds rate-hike path

TOPSHOT – Officials look on as people vote during the general election at a polling station set up at a local school in Tokyo on October 27, 2024. Japan voted on October 27 in its tightest election in years, with new Prime Minister Shigeru Ishiba and his juggernaut Liberal Democratic Party facing potentially their worst […]

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