40 minutes ago Blackpink’s contract extension relieves pressure on YG’s stock price: analyst Following news that K-pop girl group Blackpink has renewed its contracts with agency YG Entertainment, Minha Choi, senior analyst at Samsung Securities, said a “significant drag” on the label’s share price has been removed. On Wednesday, shares of YG rose 25% following … [Read more…]
(Bloomberg) — Stock markets rose as traders increased bets and central bankers prepared a global policy shift toward interest rate cuts. Bonds paused a rally that sent the 10-year U.S. Treasury yield falling below 4.2%. Most read by Bloomberg The Stoxx 600 index traded near its highest level in four months, while U.S. stock futures … [Read more…]
4 hours ago Activity in India’s services sector grew slower than expected in November S&P Global said activity in India’s services sector grew slower than expected in November. The country’s services purchasing managers’ index came in at 56.9, down from 58.4 in October and also lower than the 58.0 expected in a Portal forecast. A … [Read more…]
(Bloomberg) — Treasury bonds slipped and gold fell from session highs on Monday as markets pared back some of Friday’s moves that defied Federal Reserve Chairman Jerome Powell’s reminder that policymakers are in no hurry to raise interest rates reduce. Most read by Bloomberg Treasury yields rose across all maturities, with the benchmark 10-year Treasury … [Read more…]
Federal Reserve Chairman Jerome Powell answers a question during a news conference at the Federal Reserve in Washington, U.S., November 1, 2023. Portal/Kevin Lamarque/File Photo Acquire LICENSE RIGHTS A look at the day ahead in European and global markets from Ankur Banerjee With a blockbuster November in the rearview mirror, investors are bracing for a … [Read more…]
4 hours ago Oil prices continue to slide after OPEC postpones its political meeting Oil prices plunged more than 1% after the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, postponed their policy meeting for four days. The oil cartel meetings were postponed from November 25th to 26th to November … [Read more…]
Volatile crypto markets turned higher this week on Wednesday afternoon, with Bitcoin (BTC) breaking $37,400 and now higher this week, even as another crypto major exited the scene. Crypto markets were initially shocked on Monday by news that a possible comprehensive settlement in the US criminal cases against Binance, the world’s largest crypto exchange, could … [Read more…]
(Bloomberg) — Treasury yields rose after data showed another rise in consumer inflation expectations for the year ahead and some traders took profits on dovish bets from the Federal Reserve. Most read by Bloomberg In a weak trading session before the Thanksgiving holiday, two-year U.S. yields topped 4.9%. The S&P 500 rose slightly. Amazon.com Inc. … [Read more…]
(Bloomberg) — Treasury yields rose as investors weighed a range of economic data for clues about the prospects for the Federal Reserve’s next moves. Most read by Bloomberg Two-year yields reached 4.9% after data showed short-term U.S. inflation expectations climbed to an eight-month high in November. The S&P 500 gave up its gains. Microsoft Corp. … [Read more…]
(Bloomberg) — The dollar weakened and stocks rose in Asia on increasing speculation that the Federal Reserve is nearing the end of its tightening cycle. Most read by Bloomberg The U.S. currency weakened against all of its Group of 10 currencies after dovish comments from Federal Reserve officials last week bolstered bets that the central … [Read more…]