Prices
Treasury yields dip as final trading week of 2024 kicks off
U.S. Treasury yields slipped on Monday in one of the final trading days of the year got underway. The yield on the 10-year Treasury was down by about 7 basis points at 4.547%, trading just below multimonth highs recorded last week. The 2-year Treasury yield was last trading at 4.254% after dipping by about 7 […]
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China’s industrial profits extend decline to a fourth straight month, dropping 7.3% in November
Piles of coal at Rizhao port in China’s Shandong Province on Nov. 2, 2021. VCG | Visual China Group | Getty Images China’s industrial profits extended declines to a fourth straight month, dropping 7.3% in November from a year earlier, signaling that Beijing’s stimulus measures have yet to meaningfully stem the slide in corporate earnings. […]
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Treasury yields retreat ahead of the Christmas holiday
Treasury yields retreated on Tuesday in a holiday-shortened trading session ahead of the Christmas break. The yield on the 10-year Treasury was 12 basis points lower at 4.586%, while the 2-year Treasury was down 9 basis points at 4.340%. One basis point is equal to 0.01%. Yields move inversely to prices. Tuesday will likely play out as […]
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Britain’s economy flatlined in the third quarter, revised figures show
Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known […]
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CNBC Daily Open: Inflation and dot plots
A person shops at a Whole Foods Market grocery store on December 17, 2024 in New York City. Spencer Platt | Getty Images 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 […]
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Bull market tested as volatility spikes, overheated assets cool off. The testing may not be done
A turbulent week on Wall Street ends with a “Thank Goolsbee, it’s Friday” rally, after the Chicago Fed President used a CNBC appearance to refocus investors’ attention on the still-encouraging trend in inflation and the likelihood that interest rates still have room to be trimmed in the context of a healthy economy. Friday’s 1.1% relief […]
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Russian central bank surprises markets by holding key rate at 21%
MOSCOW, Russia: The Russian central bank has cut its key interest rate by 300 basis points for a third time since its emergency hike in late February, citing cooling inflation and a recovery in the ruble. KIRILL Kudryavtsev | AFP | Getty Images Russia’s central bank on Friday unexpectedly left its key interest rates unchanged […]
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European markets set for lower open after US spending plan fails
European markets are set to open lower on Friday as investors monitor political turmoil in the U.S. and monetary policy decisions from various major economies. The FTSE 100 is slated to open 110 points lower at 8,088, according to data from IG, with Germany’s DAX to lose around 400 points to19,835, and the French CAC […]
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China keeps benchmark lending rates steady as Fed signals fewer cuts ahead
BEIJING, CHINA – DECEMBER 02: The People’s Bank of China (PBOC) building isn seen on December 2, 2024 in Beijing, China. Visual China Group | Getty Images China kept its main benchmark lending rates unchanged on Friday, as Beijing faces the challenge of bolstering economic growth while backstopping a weakening yuan. The People’s Bank of […]
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Asia markets trade mixed as investors await China rate decision
The central bank of the People’s Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability. Peng Song | Moment | Getty Images Asia-Pacific markets saw a mixed open on Friday as investors digest inflation data out of Japan and await an interest rate decision […]
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