TSX ends down 1.2% at 21,698.11 * Posts its lowest closing level since April 17 * Energy falls 3.1% * Financials end 1.2% lower By Fergal Smith June 13 – Canada’s main stock index fell to a near two-month low on Thursday, weighed by declines for financial and commodity-linked shares, […]
Federal Reserve
A rally in the Treasury market lured investors to a sale of 30-year securities after new economic data bolstered bets the Federal Reserve will cut interest rates more than policymakers anticipate. Yields across the maturity spectrum declined on Thursday, with most reaching the lowest levels since early April after the […]
European stocks retreated from near record-high levels, as investors assessed the outlook for interest rates after Federal Reserve policymakers dialed back their expectations for cuts this year. The Stoxx Europe 600 Index slipped 0.8% by 2:24 p.m. in London, after rallying by the most in five weeks on Wednesday as […]
The S&P 500 topped 5,400 for the first time, with Wednesday marking the 20-month anniversary of the bull-market. A rally in Treasuries sent two-year yields down as much as 17 basis points as the US dollar dropped against all of its developed-world peers. Fed swaps now fully price in quarter-point […]
European stocks advanced ahead of a crucial day for markets as the Federal Reserve will provide updated rate projections a few hours after a key US inflation print. The Stoxx Europe 600 Index rose 0.3% at 8:04 a.m. in London. Banks and insurers led the gains, while among individual movers, […]
European stocks rose to a session high after the US reported slower-than-estimated inflation, encouraging traders that the Federal Reserve is likely to lower interest rates later this year, just hours before the central bank provides updated rate projections. The Stoxx Europe 600 Index jumped 1.0% at 1:46 p.m. in London. Rate-sensitive real […]
European stocks rose after the US reported slower-than-estimated inflation, encouraging traders that the Federal Reserve is likely to lower interest rates later this year, just hours before the central bank provides updated rate projections. The Stoxx Europe 600 Index gained 1.1% at the close in London. Rate-sensitive real estate and technology led […]
World’s biggest cryptocurrency Bitcoin slid as much as 3.78 per cent to $66,817 on Tuesday reflecting trader anxiety ahead of the US inflation data release and the Federal Reserve’s monetary policy decision. Bitcoin reached a record high of $73,798 in March, boosted by inflows into dedicated US exchange-traded funds. However, […]
US stocks declined on Tuesday as investors await crucial inflation data and the Federal Reserve’s policy decision. The consumer price index (CPI) report for May and the conclusion of the Fed’s two-day policy meeting will be announced on Wednesday. As of 10:01 a.m. Eastern, the Dow Jones Industrial Average fell […]
The S&P 500 and the Nasdaq turned higher, while the Dow was flat on Monday as investors remained wary ahead of a key inflation reading as well as a Federal Reserve meeting this week, which could provide clues on the central bank’s policy-easing path. The S&P 500 pared early declines, […]