It would be the first time the S&P 500 has confirmed a bear market since the 2020 Wall Street plunge brought on by the Covid pandemic
Inflation rate has caused a stir throughout global markets leading to extended selloff of stocks and government bonds
Russia's invasion of Ukraine and significant monetary tightening have led to volatile trading in financial markets this year
The MSCI world equity index, which tracks shares in 50 countries, was down 1.14%. The pan-European STOXX 600 index was down 0.26%.
The dollar index - which tracks the greenback against six major rivals - is on track for its first monthly drop in five, as the safe haven currency loses steam after a breakneck start to the year.
Over past decade, strong retail flows have coincided with declining / low deposit rates, said analysts at Jefferies, who expect the deposit rates to go above the 7 per cent level with a lag
NEW YORK (Reuters) - Global equity markets rebounded after the S&P 500 pared losses that briefly took it into bear market territory, and the dollar gained on Friday, as investor unease about Federal Reserve policy tightening to curb inflation kindled fears of a recession.
Global stock markets were mixed and Wall Street futures were lower Wednesday after positive US retail sales data helped to offset concern the Federal Reserve might consider more rate hikes to cool inflation. London and Frankfurt opened lower. Tokyo and Seoul advanced, while Shanghai declined. Oil prices rose more $1 to stay above $110 per barrel. On Wall Street, the future for the S&P 500 index was down 0.4% after the market benchmark rose by 2% on Tuesday. That came after positive US retail sales data helped to offset worries about inflation and rate hikes. The Fed will have to consider moving more aggressively if inflation that is running at a four-decade high fails to ease after earlier rate hikes, chair Jerome Powell said at a Wall Street Journal conference. Expectations of rate hikes ticked higher due to Powell's comments, but markets are shrugging it off and are in need of a breather after a selloff, Yeap Jun Rong of IG said in a report. In early trading, the FTSE 100 in ...
Over the next 12 months, Morgan Stanley forecasts range-bound markets for equities, credit, yields, and the US dollar
Business Standard's Puneet Wadhwa speaks to Mark Matthews, head of research for Asia at Julius Baer to get his views on the road ahead for global equity markets as they adjust to rising interest rates
While the general consensus is of 6-7 rate hikes this year by the US Fed, there are some who expect lower rate hikes and a slowdown in the economy
The euro dropped to its weakest since 2017 after Russia halted gas supplies to Bulgaria and Poland, and investors fretted more about the region's economy
Following the two 75 bps hikes in June and July, Nomura expects the US Fed to hike rates by 25 bps at every meeting scheduled in 2022 and 2023
London's FTSE 100 lost less than 0.1% to 7,575.04 while Frankfurt's DAX added 0.1% to 7,578.75. The CAC 40 in Paris shed less than 0.1% to 6,743.19
World shares were mostly lower Thursday following a retreat on Wall Street as leaders prepared to meet in Europe to discuss the Ukraine crisis
LONDON (Reuters) - Prospects of peace talks between Russia and Ukraine, Chinese stimulus and an imminent U.S. interest rate rise lifted stocks and U.S. Treasury yields on Wednesday.
Data on Thursday showed U.S. inflation at a four-decade high, prompting traders to raise their bets on rate hikes from the Federal Reserve beginning next week.
Sentiment also suffered on worries over Russia's war against Ukraine, after talks between their foreign ministers on Thursday brought little respite in the conflict between the two countries.
Russia accused the United States of declaring an economic war, after U.S. President Joe Biden announced a ban on Russian oil exports on Tuesday.
International oil benchmark Brent crude, which briefly hit more than $139 a barrel in the previous session, was up about 2.6% at $126.42.