July 23 – Visa’s third-quarter revenue growth fell short of Wall Street expectations as steep borrowing costs limited consumer spending, sending shares of the world’s largest payments processor down 2.1% in extended trading. The U.S. Federal Reserve’s efforts to curb inflation have taken interest rates to their highest since the […]
interest rates
View Full Image (The Economist) To a certain extent, this record-smashing is to be expected. Dump the losers periodically, as benchmark indices tend to, and the history of equities is one long (albeit frequently interrupted) march upwards. Bear markets and crashes abound, but once prices recover to set one new […]
Gold has outshone equity markets in the first half of calendar year 2024, defying expectations and showcasing its resilience. Spot gold prices on the Multi Commodity Exchange surged 14%, outpacing the benchmark Nifty50 index. Globally, the yellow metal climbed nearly 13% during the period, reaching $2,380 per ounce. This rally […]
NEW YORK — U.S. stocks are rising toward more records Friday after a highly anticipated report on the job market bolstered Wall Street’s hopes that interest rates may soon get easier. The S&P 500 was 0.4% higher and on track to set an all-time high for a third straight day […]
NEW YORK, – A series of upcoming economic reports and Congressional testimony from Federal Reserve Chairman Jerome Powell could jolt U.S. government bonds out of a narrow trading range. Yields on benchmark U.S. 10-year Treasuries, which move inversely to bond prices, have bounced between about 4.20% and 4.35% since mid-June, […]
European equities gained, tracking a rally in US peers, as investors anticipated the region’s central bank will cut interest rates further to protect the economy from any severe damage. The Stoxx Europe 600 Index gained 0.5% by 8:17 a.m. in London. The technology, retail and industrial sectors led the advance, […]
European stocks advanced as the Swiss central bank unexpectedly reduced interest rates ahead of a Bank of England policy decision due later. The Stoxx 600 Index was 0.5% higher by 10:50 a.m. in London, with the technology, chemicals and construction sectors leading the gains. The main equities benchmark in Zurich […]
European stocks held gains after Bank of England left rates on hold but kept alive hopes of cuts, following the Swiss central bank’s unexpected decision to reduce interest rates. The Stoxx 600 Index was 0.5% higher by 12:10 p.m. in London, with the technology, chemicals and construction sectors leading the […]
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, […]
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 […]