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...The move in yields sent stocks lower: the blue-chip S&P 500 was down 0.8 per cent in mid-morning trade in New York and the tech-heavy Nasdaq Composite had dropped 1.3 per cent....
...“We think central banks are being too dovish.”...
...The S&P purchasing manager’s index, a measure of activity in the private sector, rose to 53.3 in February, up from 52.9 in January and the highest since May 2023....
...The rethink on US rates has also spilled over to European markets, with investors now pricing in three cuts for the European Central Bank and two for the Bank of England in 2024, down from more than six...
...US stocks fell on Friday as traders trimmed their bets on interest rate cuts, with the benchmark S&P 500 falling 0.6 per cent and the tech-heavy Nasdaq Composite down 1 per cent....
...A loss of traction for the S&P 500 on Friday as Federal Reserve officials suggested markets may have overestimated how quickly the central bank is prepared to cut interest rates was not enough to stop the...
...KBW index of US regional banks was down 0.5 per cent, recovering from a larger drop earlier in the day....
...The S&P 500 has hovered just short of its January 2022 record in thin post-Christmas trading before dipping 0.3 per cent on Friday’s last trading day....
...Some of the world’s poorest countries also face an additional burden as they repay accumulated debt owed for participating in the G20’s debt service suspension initiative in 2020 and 2021, the exact costs...
...He added that the issue would become a serious concern to markets “in the next six to 12 months as something that matter[s] a lot”....
...Those moves came after San Francisco Federal Reserve president Mary Daly pointed to the US central bank’s “progress” on inflation late on Monday....
...Credit rating agency S&P Global downgraded Ethiopia’s debt to default on December 15 after the initial deadline for payment was missed....
...European bonds rallied on Friday following weak economic data as investors continued to shrug off comments from the European Central Bank on Thursday that there was still “more work to be done” in its battle...
...US equities were less affected than bonds, with Wall Street’s benchmark S&P 500 down 0.1 per cent and the tech-dominated Nasdaq Composite up 0.2 per cent by midday in New York....
...In the aftermath of 2022’s gilt market turmoil Stheeman said it was “very notable” how quickly international investor confidence had been restored....
...Almost all of the S&P 500’s 15 per cent gain so far in2023 has been driven by the “magnificent seven” of Nvidia, Tesla, Meta, Microsoft, Alphabet, Apple and Amazon....
...S&P Global Ratings this week forecast a 5 per cent contraction for Israel’s economy in the last three months of this year....
...The deals were arranged by Goldman Sachs and Bank of America respectively....
...MSCI’s emerging market stocks index has added 3 per cent so far this year, well behind a rise of almost 19 per cent for the US S&P 500 index of blue-chip stocks....
...Treasury yields suffered their biggest weekly decline since the collapse of Silicon Valley Bank in March last week, while Wall Street’s S&P 500 stocks index rose for eight consecutive sessions from October...
...On Thursday, the Bank of England also voted 6-3 to hold rates steady at 5.25 per cent while Norway’s central bank left its rates unchanged too....
...The benchmark S&P 500 was up 0.5 per cent on Thursday, within 2 per cent of an all-time high....
...The headline US inflation rate has fallen from June 2022’s peak of 9.1 per cent to 3.7 per cent in September....
...Bank of China and Industrial and Commercial Bank of China are part of a group of lenders involved in a stand-off over debt at Thames Water’s parent company....
...The benchmark S&P 500 was up 0.6 per cent on Tuesday afternoon, while the tech-heavy Nasdaq Composite was up 0.7 per cent....
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