Federal Reserve Governor Christopher Waller said on Thursday he continues to believe the U.S. central bank should cut interest rates at the end of this month amid mounting risks to the economy and the strong likelihood that tariff-induced inflation will not drive a persistent rise in price pressures. "It makes sense to cut the FOMC's policy rate by 25 basis points two weeks from now," Waller told a gathering of the Money Marketeers of New York University. "I see the hard and soft data on economic activity and the labor market as consistent: The economy is still growing, but its momentum...
Stocks fell Tuesday as investors fled to safety amid rising geopolitical tensions between Ukraine and Russia. The Dow Jones Industrial Average shed 400 points, or 0.9%. The S&P 500 and Nasdaq Composite lost 0.5% and 0.2%, respectively. Treasurys increased as investors moved into the safe haven, driving yields lower. Gold futures also gained. The market pressure began overnight after Russian President Vladimir Putin warned the U.S. that the threshold for the use of nuclear weapons had lowered, a new stance coming after President Joe Biden allowed Ukraine to use U.S. weapons to strike...
The Hang Seng rose 87 points, or 0.4%, to close at 19,664 on Tuesday (11/19), marking its second session of gains amid positive sentiment from Wall Street on Monday, with lower U.S. Treasury yields boosting the appeal of equities. Meanwhile, Chinese Vice President He Lifeng highlighted the increasing certainty in Hong Kong's economic growth, as Beijing commits to strengthening the city's competitiveness, especially in its financial industry to attract more foreign investment. The gains were broad-based, led by the technology and consumer sectors. However, the gains were capped by caution...
Japanese stocks rose after the close on Tuesday (11/19), as gains in the Paper & Pulp, Steel and Warehousing sectors boosted shares. At the close in Tokyo, the Nikkei 225 was up 0.45%. The best performers on the Nikkei 225 were Japan Steel Works Ltd (TYO:5631), which rose 11.55% or 673.00 points to trade at 6,499.00 at the close. Meanwhile, Fujikura Ltd. (TYO:5803) rose 7.17% or 378.00 points to close at 5,650.00 and Ebara Corp. (TYO:6361) gained 5.21% or 115.00 points to 2,323.00 in close. The worst performers on the session were Bandai Namco Holdings Inc (TYO:7832), which fell 3.83%...
European equity markets are set to open higher on Tuesday (11/19) as investors look ahead to key economic data and earnings reports. Final Eurozone inflation figures for October are due later in the session, while earnings are expected from Imperial Brands and Thyssenkrupp. Markets are also closely watching comments from European Central Bank officials for further insight into the region's monetary policy outlook. In pre-market trading, Euro Stoxx 50 and Stoxx 600 futures were both up around 0.3%, signaling an upbeat start to the session. Source: Trading Economics
The Hang Seng Index opened 0.7% higher, climbing 135.21 to 19,711.82, as stocks gain for the second straight day in Hong Kong. HSBC Holdings Plc contributed the most to the index gain, increasing 1.4%. Trip.com Group Ltd. had the largest increase, rising 5.9%. In early trading, 67 of 82 shares rose, while 12 fell; all sectors were higher, led by commerce and industry stocks. Source: Bloomberg
According to a statement by the Federal Reserve (Fed), Fed Chair Jerome Powell met with United States (US) President Donald Trump on Thursday, where the head of the Fed reiterated that the Fed's...
The Reserve Bank of Australia (RBA) maintained its cash rate at 4.1% during its April meeting, holding borrowing costs unchanged after slashing 25 bps in the February meeting, aligning with market...