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...“Markets have priced out lots of the Federal Reserve rate cuts they’d expected earlier in the year, but they’re still hopeful for the Bank of England and European Central Bank.”...
Brent spikes above $90 before dropping close to three-week low as Tehran plays down attacks
...That has pushed the yen to 34-year lows against the dollar, sparking an unusually blunt warning from BoJ governor Kazuo Ueda that the central bank could act if the weaker yen impact became “too big to ignore...
...I’d say, “I’m a Jakarta girl.” My mom, sister and I left Jakarta for Singapore when I was nine, but we’d go back every few months....
...Stephanie Stacey...
...The currency weakened to as low as ¥154.42 per dollar on Monday afternoon in New York, as traders scaled back bets on rapid interest rate cuts from the US Federal Reserve following strong retails sales data...
...The reading was below the threshold of 50, which separates a contraction from expansion, but an improvement from a low of 46.5 in October....
...The yen rebounded from a 34-year low on Wednesday after Japan’s three main monetary authorities held an emergency meeting to discuss the currency’s extended weakness....
...India’s rupee fell 0.2 per cent to a record low of Rs83.64 against the dollar and the Malaysian ringgit was trading close to a 26-year low, down 0.3 per cent at RM4.79, a day after Malaysia’s central bank...
...HSBC prefers domestically focused mid-cap stocks, such as the FTSE 250, which are better placed to benefit from cooling inflation and low unemployment in the UK, said Stanford....
...The index last rose by as much in a week in mid-December, and it has now climbed more than 27 per cent since a low in late October....
...The S&P 500 closed 0.1 per cent lower on Friday, but its 2.3 per cent gain over the past five sessions marked its biggest weekly advance since mid-December and leaves it up about 27 per cent since a low...
...“Who’d think Tom Brady would buy a soccer team,” Stillitano said, referring to the seven-time Super Bowl-winning quarterback’s investment in English club Birmingham City....
...The yield on benchmark 10-year Treasury hit a two-month low of 4.36 per cent earlier in the day....
...close attention to comments from the Federal Reserve’s Christopher Waller later on Tuesday.Waller’s unexpectedly dovish speech in November boosted bets on rate cuts and pushed the dollar to a three-month low...
...The greenback rose 0.7 per cent against a basket of six other major currencies, recovering slightly after hitting a five-month low at the end of 2023....
...Stephanie Kelton: I think a substantial factor is the pandemic....
...Indeed, Bank of America’s chief Japan equity strategist Masashi Akutsu believes a combination of sustained inflation, corporate reforms and relatively low valuations could push the Nikkei 225 to surpass...
...The S&P’s 4.4 per cent rally in December took its rise from its October low to 15 per cent. The strength of those gains prompted Tuesday’s caution, participants said....
...The cartel’s failure to drive the market higher is also likely to be welcomed by US President Joe Biden, who is battling low approval ratings and has made reducing gasoline prices and containing inflation...
...European stocks closed slightly higher on Monday, pushed up by a strong performance in energy stocks as oil prices continued to rally from last Thursday’s four-month low....
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