Markets agitated by recession risk and an escalating dollar
Asian stock markets fell on Wednesday as rising borrowing prices heightened concerns about a worldwide recession, sending investors running for the safe-haven greenback and hurting the region’s currencies.The yield on 10-year Treasuries in the United States was pushed above 4.0% for the very first time since 2010 as investors speculated that the Federal Reserve may […]
S&P 500 plunges to a two-year low; bear market rally crushed
On Tuesday, the S&P 500 (.SPX) dropped to a level below its June low amid concerns about extremely vigorous Federal Reserve policy tightening, prompting investors to estimate how much lower stocks would have to drop before stabilising.Since late August, when the U.S. Federal Reserve made statements and took bold actions that suggested the central bank’s […]
Following CPI figures, Wall St. suffers its largest loss in two years
A broad sell-off left U.S. equities reeling on Tuesday as a difficult inflation report shattered hopes that the Federal Reserve could pause and pull back its policy strengthening in the coming months.A four-day winning streak was broken and all three of the major U.S. market indices made their largest one-day percentage declines since June 2020, […]
UK considers support package; Europe struggles with energy crisis
As nations race to shield citizens from skyrocketing bills and bolster faltering suppliers, Britain’s incoming prime minister was hard at work on what appears to be Europe’s largest energy crisis relief plan so far. According to the BBC, Liz Truss, who replaced Boris Johnson on Tuesday, intends to freeze family energy prices at their current […]
Australia needs labour, a million applicants await approval
A million potential employees are currently stranded in Australia due to an explosion in visa processing timeframes, which has made the severe personnel shortages that are crippling businesses and dampening economic sentiment worse.Business owners in corporate Australia are finding it difficult to fill positions and maintain their operations as a result of two years of […]
China audit deal provides relief, but there are limited incentives to invest
Investors applaud a groundbreaking agreement that grants U.S. regulators access to the financial records of Chinese companies, but they caution that before much more capital can be expected to flow to China, markets must first witness successful inspections and an improvement in the country’s economy. The agreement, which was announced on Friday, at least in […]
Ping An approves HSBC restructuring proposal; although not an activist investor
China’s Ping An Insurance Group stated that it supported calls for HSBC (HSBA.L) to be restructured, which may involve a spinoff of its Asia division, and that it was not an activist investor but worried about investment yields from its sizeable holding in the bank. When questioned about the motivations behind the insurer, which sources […]
Investors pay attention to thirsty companies as drought concerns increase
Investors are putting more pressure on businesses that waste water as droughts spread throughout the globe and are attempting to identify winners from a small group of specialised listed companies that are trying to solve the issue. A lack of fresh water has drawn the attention of authorities from Kenya to California plus nearly half […]
Dollar reaches a one-month high as Fed officials discuss rate increases
In the lead-up to their important Jackson Hole symposium, Federal Reserve officials proceeded to stress the necessity for additional interest rate increases, pushing the U.S. dollar to a new one-month high versus major rivals on Friday. The dollar index increased 0.14% to 107.63 from its previous high of 107.72, reached on July 18. This week, […]
Fed minutes may hint justification for the upcoming jumbo rate hike
Officials from the Federal Reserve are adamant that they will keep increasing interest rates until soaring inflation is brought under control, and the minutes from their policy meeting on July 26–27, which will be released on Wednesday, may reveal just how aggressive they want to be. The minutes, which are scheduled for release at 2 […]