The American financial markets plunged into chaos Monday as investors reacted to escalating tensions between President Donald Trump and Federal Reserve Chair Jerome Powell, combined with ongoing uncertainty over global trade policies. The Dow Jones Industrial Average nosedived over 1,200 points (3.1%), marking its steepest single-day drop in months. The S&P 500 and Nasdaq Composite…
By Devayani Sathyan BENGALURU (Reuters) – Home prices in Australia will rise less quickly this year than previously thought, with only modest support from further interest rate cuts, according to a Reuters poll of property analysts. A shortage of new homes, together with a stretched price to income ratio after a more than 40% jump…
China’s stocks fell for the first time this week, as investors struggle to find a catalyst for powering the trading pause in many global markets during the Christmas holiday week. The CSI 300 Index, which tracks 300 of the largest stocks in Shanghai and Shenzhen, slid 0.2 per cent to 3,976.53 as of 9.56am local…
China’s yuan slipped and traded near a 13-month low against the dollar on Wednesday, weighed down by broad greenback strength and widening yield differentials in the world’s two largest economies. Meanwhile, trading was tepid as many global markets have headed into holiday season. As of 0251 GMT, the onshore yuan was 0.05% lower at 7.2986…
U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought.The S&P 500 fell 2.9%, just shy of its biggest loss for the year from the summer, to pull further from its…
It may be the holiday season on Wall Street, but that doesn’t mean analysts aren’t out and about making calls into year-end. Here are three notes that caught my attention before 6 a.m. ET. After a recent management meeting, JPMorgan’s longtime retail analyst Matt Boss is upgrading his rating on Gap (GAP) to Overweight (Buy…
STORY: U.S. stocks slumped on Friday after Federal Reserve Chair Jerome Powell signaled a slower pace of interest-rate cuts and investors reacted to cabinet selections by President-elect Donald Trump. The Dow dropped seven-tenths of a percent, the S&P 500 slid 1.3% and the Nasdaq plunged two-and-a-quarter percent. Shares of vaccine makers and packaged food companies…
US stocks slipped on Thursday as the post-election rally paused, while investors assessed the impact of a Republican sweep of political power and awaited a Jerome Powell speech to set the tone on interest rate cuts. The Dow Jones Industrial Average (^DJI) slipped 0.2%, while the S&P 500 (^GSPC) dipped 0.3%. The Nasdaq Composite (^IXIC)…
Lower mortgage rates lifted home sales in Hong Kong to their highest point in five months in October, reversing a two-month decline, according to Land Registry data. A total of 4,697 new and lived-in homes with a cumulative sales value of about HK$37.3 billion (US$4.8 billion) changed hands in October, rising 65 per cent from…
Lower mortgage rates lifted home sales in Hong Kong to their highest point in five months in October, reversing a two-month decline, according to Land Registry data. A total of 4,697 new and lived-in homes with a cumulative sales value of about HK$37.3 billion (US$4.8 billion) changed hands in October, rising 65 per cent from…