HSBC, the biggest commercial bank in Hong Kong, lowered its prime lending rate for a second time this year, trimming borrowing costs for consumers and businesses. Bank of China’s local unit matched the move, and other lenders are expected to follow suit. The UK banking group will trim its prime rate by 25 basis points…
(Bloomberg) — Asian equities were set to climb Friday after a cross-asset rally in the US lifted stocks, bonds and commodities as the Federal Reserve cut interest rates. Most Read from Bloomberg Australian stocks and equity futures for Japan and Hong Kong all rose, while the Golden Dragon index of US-listed Chinese companies rallied 3.5%….
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Donald Trump’s imminent return to the White House is putting a spotlight on the U.S. dollar, which could have far-reaching implications for everything from domestic manufacturers to emerging markets if the currency’s rally continues. The U.S. currency notched its biggest one-day gain against its peers in eight…
(Bloomberg) — Bonds from Australia to Japan are falling as investors mull prospects of slower US interest-rate cuts, a trend that risks upending debt positions everywhere. Most Read from Bloomberg Yields on Australian notes due in a decade jumped as much as 15 basis points, New Zealand’s 10-year yields climbed seven basis points, while those…
Stocks closed mixed on Monday as the 10-year Treasury yield rose and investors braced for a packed week of top-tier earnings that could drive or drag on a record-setting rally. The S&P 500 (^GSPC) dropped almost 0.2%, coming off a fresh all-time closing high and a sixth weekly win in a row. The Dow Jones…
By Samuel Shen and Vidya Ranganathan SHANGHAI/SINGAPORE (Reuters) -China cut benchmark lending rates as anticipated at the monthly fixing on Monday, following reductions to other policy rates last month as part of a package of stimulus measures to revive the economy. The one-year loan prime rate (LPR) was lowered by 25 basis points to 3.10%…
We recently looked at Goldman Sachs’ Stocks With Highest Consensus Returns: 42 Stocks With The Highest Consensus ROE. In this piece, we will look at where Uber Technologies, Inc. (NYSE:UBER) ranks in the list. As the fourth quarter of 2024 settles in, the narrative surrounding stocks on Wall Street is starting to shift. This is…
Photo by Spencer Platt/Getty Images US stocks rose as September’s wholesale price data showed cooling inflation. The producer price index was flat, and core PPI rose less than expected in September. JPMorgan, Wells Fargo, and BlackRock shares climbed after beating earnings estimates. US stocks edged higher on Friday after Producer Price Index data for September…
(Bloomberg) — Shares rose in Asia, sidestepping losses on Wall Street following hotter-than-expected core inflation that heightened the focus on the Federal Reserve’s next move. Most Read from Bloomberg Japanese and South Korean stocks opened higher while those in Australia slipped. US equity futures also edged higher, after the S&P 500 fell 0.2% and the…
The three of the major indexes (^DJI,^GSPC, ^IXIC) rose sharply at the open following the much better-than-expected September jobs report. Yahoo Finance Markets and Data Editor Jared Blikre breaks down the action at the open. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This…