AA arghg! Stocks in debt ceiling risk zone after US rating warning

[1/2] The US Capitol is reflected in a diminishing pool amidst ongoing negotiations seeking a deal to raise the US debt ceiling and avoid a catastrophic default, in Washington, US, on May 24, 2023. REUTERS/Jonathan Ernst SINGAPORE (Reuters) – Markets were stuck in uncertainty about the U.S. debt ceiling on Thursday, while Europe largely ignored … Read more

Markets are jittery about the uncertainty about the debt ceiling and rising US yields

[1/2] A trader works at the Frankfurt Stock Exchange amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. REUTERS/Ralf Orlovsky Debt ceiling hopes are hanging Fed talk pushes US yields higher European stocks are down, and US futures are flat European PMI data shows that business growth has remained resilient SINGAPORE (Reuters) … Read more

Moody and Blinken meet Pacific Island leaders in Papua New Guinea

[1/2] Prime Minister of India Narendra Modi is greeted by Prime Minister of Papua New Guinea James Marape at Jackson International Airport, in Papua New Guinea on May 21, 2023. Papua New Guinea … Read more (Reuters) – Indian Prime Minister Narendra Modi pledged support to the Pacific islands at a summit in Papua New … Read more

Japan and South Korea have revived stalled economic talks as global risks grow

Finance leaders in Japan and South Korea hold their first bilateral talk in 7 years The two sides agree to conduct regular bilateral financial dialogue China sends its deputies to meet with Japan and South Korea Policymakers in Asia discuss strengthening market protection measures INCHEON, South Korea, May 2 (Reuters) – Japan and South Korea … Read more

Wall Street ended mixed declines for the dollar, weighed down by technological increases and recession fears

SINGAPORE (Reuters) – U.S. stocks fell to a mixed finish on Wednesday as strength in technology boosted the Nasdaq, while weak economic data and an ongoing debate in Washington over the debt ceiling weighed on cyclical volatility and the dollar. Technology stocks (.SPLRCT) jumped 1.7%, helping the Nasdaq gain 0.5%, and the S&P 500 and … Read more

Dollar, you earn returns with the potential for a higher Fed rate

The case for a “one-and-done” rate hike by the Fed is growing Wall Street’s major indices are falling Top STOXX 600 in Europe for over a year Gold is beating a sharp decline as the dollar rebounds SYDNEY (Reuters) – Treasury yields rose and the dollar index rebounded from a one-year low on Friday after … Read more

Stocks and gold are cheering up the US inflation picture, while the dollar is falling

The Financial Times reports that SoftBank sells shares of Alibaba, and prices drop Sunak sinks, and Hong Kong real estate stocks fluctuate The Euro reached a 2-1/2 month high as the Dollar fell LONDON (Reuters) – Global stocks rose on Thursday while the dollar settled near a two-month low, after US inflation data suggested the … Read more

Wall Street zigzags, dollar gains as the Fed raises interest rates in May

NEW YORK (Reuters) – U.S. stocks closed mostly flat and the dollar rose on Monday after strong jobs data last week indicated the Federal Reserve would raise interest rates in May, while the yen weakened after Japan’s new central bank governor pledged to hold it. Very loose policy. Gold prices fell below the key $2,000 … Read more

Stocks are rising, but concern is rising about spiraling inflation

Rising inventories led by miners and oil producers The dollar fell for a second day after a drop in manufacturing Oil is heading for its biggest jump in two days since July LONDON (Reuters) – Global stocks rose in cautious trade on Tuesday as investors grappled with the prospect of escalating inflation due to the … Read more

Weak global factory activity with faltering demand

US manufacturing weakest in nearly three years in March Eurozone factories fell further last month The China Purchasing Managers’ Index (PMI) stalled in March WASHINGTON/LONDON/TOKYO (Reuters) – Global factory activity weakened in March as consumers were feeling the pinch of a lower cost of living, polls showed on Monday, suggesting that the deteriorating outlook will … Read more