A specialist trader works at his post on the floor at the New York Stock Exchange (NYSE) in New York City. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they…
China’s 10-year government bond yield dropped to a historic low of 2% Monday, as traders ramped up wagers that the country’s central bank would ease monetary policy further to bolster a weak economy. After declining for a fifth week, the benchmark yield fell two basis points to the level on Monday morning. The 30-year yield…
Asian stocks are poised for cautious gains after US shares rose on Friday and as global markets enter a seasonally strong period. Developing nation assets will be in focus after further tariff threats from US President-elect Donald Trump. Source link
LVMH-owned jeweler Bulgari is looking to India to mitigate the effects of faltering luxury demand in China amid an economic slowdown. Bulgari is expanding its footprint in India to take advantage of strong growth and favorable demographics, Bulgari Chief Executive Officer Jean-Christophe Babin said in an interview with Bloomberg TV. The brand’s website lists 13…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2024. Brendan McDermid | Reuters Stock futures are little changed Sunday night as investors looked toward the final month of trading this year. Futures tied to the Dow Jones Industrial Average slipped 45 points, or 0.1%….
US hiring probably jumped in November after hurricanes and a major strike undercut job growth a month earlier, consistent with a labor market that’s healthy yet gradually cooling. Nonfarm payrolls probably advanced by 200,000 in November, according to a Bloomberg survey of economists. The data due Friday are also expected to show the unemployment rate…
The October jobs report was weak, with a sharp slowing in net nonfarm payrolls due to hurricane-related disruptions and strikes. The November jobs report is likely to reflect more jobs and a rebound in payrolls, although the unemployment rate could rise further. Workers deliver Amazon packages on Black Friday in New York, US, on Friday,…
Small caps have been one of the hottest corners of the markets in the wake of President-elect Donald Trump’s election victory four weeks ago. But now there are signs of trouble in paradise, potentially capping future gains. “The concern with small- and mid-cap stocks right now is that while there is a change in sentiment…
China launched its first rocket from a new commercial space site on Saturday night as the country attempts to expand its presence in a business currently led by Elon Musk’s SpaceX. The rocket successfully placed two experimental satellites into orbit, China Central Television reported. Source link
Hong Kong International Airport’s handling capacity will increase 50% by 2035, Financial Secretary Paul Chan said in his weekly blog. The city’s airport will be able to manage 120 million passengers and 10 million tons of cargo a year by 2035, Chan said. At present, the facility is connected to 200 destinations around the world,…