Traders work on the floor of the New York Stock Exchange on Jan. 2, 2025. Spencer Platt | Getty Images Stocks dropped on Friday after a hot jobs report dampened Wall Street’s expectations for more interest rate cuts from the Federal Reserve this year. The Dow Jones Industrial Average lost …
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Asia markets fall as Fed inflation worries temper rate cut expectations, China CPI slows
Tourists at the Bund on July 11, 2023 in Shanghai, China. Vcg | Visual China Group | Getty Images Asia-Pacific markets tumbled Thursday in a choppy session as investors fretted the Federal Reserve could delay policy easing due to inflation worries, while China’s entrenched consumer disinflation further dented sentiment. China’s …
Read More »Trump tariffs pose a greater threat to South Korea’s economy than domestic political chaos, BOK official suggests
The Bank of Korea (BOK) in Seoul on Dec. 28, 2024. Kim Jae-Hwan | Lightrocket | Getty Images Risks posed by South Korea’s political turmoil to its economy could subside within half a year, but external pressures owed to possible tariffs on the country’s exports to the U.S. are “troublesome,” …
Read More »China’s industrial profits extend decline to a fourth straight month, dropping 7.3% in November
Piles of coal at Rizhao port in China’s Shandong Province on Nov. 2, 2021. VCG | Visual China Group | Getty Images China’s industrial profits extended declines to a fourth straight month, dropping 7.3% in November from a year earlier, signaling that Beijing’s stimulus measures have yet to meaningfully stem …
Read More »Dow closes nearly 500 points higher on cooler inflation data, but index posts third straight losing week: Live updates
Traders work on the floor at the New York Stock Exchange on Dec. 2, 2024. Brendan Mcdermid | Reuters The Dow Jones Industrial Average bounced on Friday to close out a tough week that saw the index plunge 1,100 points in a single day and complete its longest losing streak …
Read More »Russian central bank surprises markets by holding rates at 21% despite sky-high inflation
MOSCOW, Russia: The Russian central bank has cut its key interest rate by 300 basis points for a third time since its emergency hike in late February, citing cooling inflation and a recovery in the ruble. KIRILL Kudryavtsev | AFP | Getty Images Russia’s central bank on Friday left its …
Read More »China keeps benchmark lending rates steady as Fed signals fewer cuts ahead
BEIJING, CHINA – DECEMBER 02: The People’s Bank of China (PBOC) building isn seen on December 2, 2024 in Beijing, China. Visual China Group | Getty Images China kept its main benchmark lending rates unchanged on Friday, as Beijing faces the challenge of bolstering economic growth while backstopping a weakening …
Read More »Dow futures are little changed after index drops 1,100 points in 10th straight loss: Live updates
Traders work on the New York Stock Exchange (NYSE) floor in New York City. Spencer Platt | Getty Images Stock futures were little changed Wednesday night as investors digested a new, sobering reality for financial markets. Trading was volatile after the regular session’s panic surrounding the Federal Reserve’s revised outlook for …
Read More »Asia markets mostly fall as investors assess China’s stimulus pledges; South Korea stocks climb
A line of trucks parked outside a shipping terminal in Yokohama, Japan, on Monday, Dec. 4, 2023. Bloomberg | Bloomberg | Getty Images China stocks led losses in Asia Friday after Beijing affirmed its recent policy shifts and stressed on plans to boost growth following a high-profile meeting Thursday. Hong …
Read More »Swiss National Bank takes leap with 50-basis-point interest rate cut amid franc strength
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | Reuters The Swiss National Bank on Thursday cut its key interest rate by 50 basis points, exceeding expectations of a smaller trim amid an ongoing tussle …
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