U.S. Treasury yields were lower on Monday as investors weighed President-elect Donald Trump’s Treasury secretary pick and eyed a key inflation reading due later in the week. At 5:42 a.m. ET, the 10-year Treasury was down over 6 basis points at 4.347%. The 2-year Treasury yield was down over 2 basis points at 4.348%. One…
Sydney city skyline, New South Wales, Australia. Education Images | Universal Images Group | Getty Images Asia-Pacific markets mostly rose Monday, with investors awaiting a slew of economic data this week including China industrial data and India’s third-quarter GDP numbers. On Monday, Singapore released its inflation figures for October. Its headline inflation rate fell to…
Shoppers with a cart choose vegetables and fruits at the Okey supermarket in St. Petersburg. Sopa Images | Lightrocket | Getty Images A break-in at a small food store in the Russian city of Yekaterinburg wouldn’t usually make headlines around the world, but this time was different. CCTV footage from the store, Dairy Place, in…
Jerome Powell and President Donald Trump during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. Andrew Harrer | Bloomberg | Getty Images President-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision course in 2025 depending on how…
A general view shows the skyline over the central business district in Beijing on Feb. 28, 2023. Jade Gao | Afp | Getty Images Asia-Pacific markets were mostly lower in choppy trading Wednesday, following a mixed performance on Wall Street amid mounting geopolitical tensions between Ukraine and Russia. Investors assessed October trade data out of…
The prospect of the U.S. introducing a swathe of new tariffs under President-elect Donald Trump has led economists to say the euro could return to parity with the U.S. dollar in their 2025 outlooks. Since Trump’s decisive victory in the Nov. 5 election, which also handed the Republican party control of both houses of Congress,…
View of the central business district skyline at sunset in Beijing, China. Sheng Peng | Visual China Group | Getty Images Asia-Pacific stocks were mostly lower Monday as markets kickstarted what ING calls a “quiet” week for economic data from the region. Key data this week from Asia will include China’s loan prime rate, set…
A view of the night scenery in Shanghai, China S3studio | Getty Images Entertainment | Getty Images Asia markets were mixed Friday as Wall Street fell after U.S. Federal Reserve Chair Jerome Powell indicated the central bank was in no rush to cut rates, with investors also assessing China and Japan economic data. Speaking in…
Federal Reserve Chair Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in remarks for a speech…
European markets moved higher Thursday as traders assessed the global inflation outlook and the possible trajectory of central bank rate cuts. The pan-European Stoxx 600 was up 0.5% in early deals, with the majority of sectors and major bourses trading in the green. Tech stocks led gains, up 1.72%, while household goods ticked 0.36% lower….