Morgan Stanley cuts U.S. dollar forecasts lower
[ad_1] The U.S. dollar is going to drop further, Morgan Stanley strategists said over the weekend as they became more optimistic about the global economy. They now see the DXY…
U.S. stock futures tick higher after last week’s rally
[ad_1] U.S. stock futures were pointing modestly higher on Monday, consolidating last week’s gains as a slate of major tech company earnings await. What’s happening Futures on the Dow Jones…
U.S. stock futures surge after Wall Street’s best week since June
[ad_1] U.S. stock futures surged out of the gate late Sunday, after Wall Street notched its best week since June. Dow Jones Industrial Average futures YM00, +0.52% jumped more than…
Pound, U.K. bonds slide on further political uncertainty as retail sales disappoint
[ad_1] U.K. bond yields rose while the British pound fell on Friday, reflecting both the political turmoil as well as the state of the underlying economy as retail sales fell…
U.K. bond yields continue to drop as Kwarteng flies back early from IMF meeting
[ad_1] U.K. bond yields continued to drop on Friday, as Chancellor of the Exchequer Kwasi Kwarteng flew back early from the International Monetary Fund meeting amid expectations the U.K. government…
U.K. bond yields surge as Bank of England emergency bond-buying program set to expire
[ad_1] U.K. bond yields surged on Monday, on worries the pension fund market is not yet ready for the end of a temporary debt purchase program this week. The yield…
Pound climbs, U.K bond yields fall again on expectations U.K.’s Kwarteng will speed up debt-cutting plans
[ad_1] The British pound rose and gilt yields fell a second day after reports that U.K. Chancellor Kwasi Kwarteng will publish debt-reducing plans early, a day after a U-turn over…
Dow futures rise 200 points as another rough quarter concludes
[ad_1] U.S. stock futures on Friday were pointing to a positive end to another difficult quarter, with key inflation data and Fed speeches set to come. What’s happening Futures on…
Financial contagion from U.K.’s woes? Biden economic adviser says U.S. ‘in a strong place to deal with a full set of headwinds’ including from abroad
[ad_1] “‘The U.S. economy remains in a strong place to deal with a full set of headwinds, including those coming from abroad.’” — Jared Bernstein, member of President Joe Biden’s…
Former Bank of England chief says new government has undercut other institutions
[ad_1] Former Bank of England Gov. Mark Carney said the U.K. government was undercutting other institutions. In an interview with the BBC, Carney said the tax cuts unveiled by Chancellor…
IMF scolds U.K. on fiscal plan that has upset financial markets
[ad_1] The International Monetary Fund on Tuesday afternoon weighed in on the massive tax-cut package and other measures at the heart of a U.K. government fiscal plan that sank the…
U.K. gilt yields surge, with 10-year moving past 4%, as investors bet on aggressive Bank of England action to tame tax cuts
[ad_1] U.K. bond yields surged on Monday for a second day, as investors bet the Bank of England will have to take aggressive action to offset the impact of surprisingly…