Bond yields continue to slip ahead of key jobs report
[ad_1] Bond yields declined on Friday, ahead of labor market data that could show whether the Federal Reserve will be able to slow down the pace of rate hikes. What’s…
French industrial production falls in October amid weaker external demand, high energy prices
[ad_1] French industrial production significantly fell in October, reflecting weakening external demand and high energy prices. Total industrial output–comprising output in manufacturing, energy and construction–declined by 2.6% on month after…
Bitcoin dips below $17,000 ahead of October jobs data
[ad_1] After a short rally above $17,000, bitcoin BTCUSD, -0.09% has dipped to $16,959.93, a change of -0.70% over the past 24 hours, according to CoinDesk. “Right now it is…
Fed’s Barr says slowing pace of interest-rate hikes ‘makes sense’
[ad_1] The Federal Reserve should downshift the pace of its rate hikes in December, said Federal Reserve Vice Chairman for Supervision Michael Barr on Thursday. The Fed has pushed up…
U.S. weekly jobless claims retreat in latest week
[ad_1] The numbers: Initial jobless claims fell 16,000 to 225,000 in the week ended November 26, the Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated…
U.K. house prices slump in November, falling by the most since the pandemic
[ad_1] U.K. house prices took a sharp tumble in November, falling by the most since the height of the pandemic, according to Nationwide Buliding Society. The latest survey, released Thursday,…
China Caixin manufacturing PMI marks 4th straight month of contraction
[ad_1] A private gauge of activity in China’s manufacturing sector remained in contractionary territory for a fourth straight month in November, as the government’s stringent COVID restrictions continued to weigh…
South Korea’s exports contract for second straight month
[ad_1] South Korea’s exports contracted for a second straight month in November on sluggish global demand. Exports fell 14% from a year earlier to $51.91 billion following a 5.7% decline…
Gloomy prediction for home buyers: Prices will continue to rise in 2023, despite a cooling housing market
[ad_1] Home sales are slowing as interest rates rise, and prices are also cooling as buyers are put off by interest rates hovering around 7%, double what they were this…
Watch Jerome Powell’s speech at Brookings here
[ad_1] Federal Reserve Chairman Jerome Powell is speaking Wednesday afternoon at a Brookings Institution event. Here’s a link to a stream of the event via Brookings, and here, via MarketWatch,…
Chicago factory activity falls deeper into contraction territory in November
[ad_1] The Chicago Business Barometer, also known as the Chicago PMI, plummeted to 37.2 in November from 45.2 in the prior month. This is the lowest level since the pandemic hit in early…
Treasury yields mildly mixed as investors await Powell speech and data deluge
[ad_1] Treasury yields were mildly mixed on Wednesday ahead of a speech by Federal Reserve chairman Jay Powell and a looming large bundle of important economic data. What’s happening The…
China’s factory, construction, service activities contract further
[ad_1] China’s official gauges measuring factory, construction and service activities slipped further into contraction in November, weighed by the country’s stringent COVID restrictions that have throttled production, along with a…
Treasury yields edge higher as traders absorb latest Fed comments
[ad_1] U.S. bond yields inched higher on Tuesday as more hawkish rhetoric from the Federal Reserve counteracted signs of cooling inflation in Europe. What’s happening The yield on the 2-year…
Is the stock market open on Black Friday? Here’s the post-Thanksgiving trading schedule.
[ad_1] Investors will see a shortened session Friday to end a holiday-abbreviated week on Wall Street. U.S. stock exchanges were closed for Thanksgiving Day on Thursday, and reopen only for…
German consumer sentiment set to continue its recovery in December
[ad_1] Consumer confidence in Germany is set to continue to stabilize in December, although remaining at a very low level. Market research group GfK’s forward-looking consumer-sentiment index forecasts confidence rising…
Hedge-fund manager Bill Ackman says the Hong Kong dollar is his ‘big short’ right now
[ad_1] “The peg no longer makes sense for Hong Kong and it is only a matter of time before it breaks.” — Bill Ackman That was the founder and Chief…
Central banks must buy bitcoin to hedge against sanctions: Harvard Ph.D. candidate
[ad_1] A research paper published at Harvard University is advocating that central banks should buy bitcoin BTCUSD, +0.33% as a hedge against sanctions by other countries. The paper, titled “Hedging…
Bank of Korea raises rate by 25 basis points, easing pace of hikes
[ad_1] South Korea’s central bank has eased the pace of interest-rate increases to curb high inflation, lowering its 2023 growth and inflation forecasts. The Bank of Korea raised the benchmark…
Fed’s Bullard set to talk inflation, interest rates in MarketWatch Q&A Monday
[ad_1] St. Louis Federal Reserve President James Bullard is scheduled to sit down for an exclusive interview with MarketWatch on Monday, to discuss the outlook for the economy and monetary…
Fed eyes slower rate hikes as recession threat grows
[ad_1] Senior officials at the Federal Reserve expect smaller increases in interest rates will “soon be appropriate” as the threat of recession grows. Although the Fed still expects rates to…
Long-end yields slip ahead of pre-holiday Fed minutes and data
[ad_1] Bond yields were mixed on Wednesday, as investors waited for the minutes of the latest Federal Open Market Committee meeting and a big batch of economic data ahead of…
New Zealand central bank sharply raises rates, now expects to peak at 5.5% in 2023
[ad_1] The Reserve Bank of New Zealand raised interest rates aggressively on Wednesday in response to stubborn inflation pressures, ignoring recent signals from some its global peers that the pace…
Junk-rated companies have ‘meaningful exposure’ to Fed rate hikes, with one part ‘the root cause’ of vulnerability, warns Deutsche Bank
[ad_1] Junk-rated companies in the U.S. have “meaningful exposure” to interest rate hikes by the Federal Reserve, raising concerns over defaults as a potential recession looms, according to Jim Reid,…
Home prices will fall in 2023, but affordability will be at its worst since 1985, research firm says
[ad_1] Home prices will fall by 8% next year, but high mortgage rates and a possible recession will continue to hurt affordability, a new report says. In a report published…