An Hour Ago Indonesian rupiah dips a day after central bank holds interest rates The Indonesian rupiah dipped 0.10% to 15,565 against the dollar on Friday, a day after the country’s central bank kept its rates steady, as expected. Bank Indonesia left its benchmark 7-day reverse repurchase rate at 6%, meeting expectations of economists polled … Read more
47 Mins Ago Sterling rises after UK business activity beats expectations The British pound gained Thursday after U.K. business activity defied expectations and returned to growth in November. The preliminary purchasing managers’ index from S&P Global/CIPS, a measurement of services and manufacturing, put activity at 50.1 — ahead of the 50 mark separating growth from … Read more
Damircudic | E+ | Getty Images The U.S. is not in a recession. Despite nearly three years of warnings that a recession was imminent, it hasn’t happened yet. An economic downturn could still be on the horizon, but so far unemployment remains low, gross domestic product is growing and inflation has come down from its June … Read more
The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter … Read more
The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch| Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where … Read more
An Hour Ago CNBC Pro: There’s a ‘game of thrones’ in AI — but these Chinese tech giants offer ‘a lot of value,’ says tech veteran China’s tech giants may be reeling from the regulatory clampdowns, but they still have “a lot of value,” according to veteran analyst Dan Ives. The managing director and senior … Read more
12 Hours Ago Battery raw material prices are falling ‘drastically,’ CRU says Martin Jackson, head of battery raw materials at CRU, says the lithium, cobalt and nickel markets are generally oversupplied and “it will continue to be like that for several years.” 14 Hours Ago Swiss pharma giant Roche agrees $7.1 billion deal to buy … Read more
Fri, Oct 20 2023 1:34 AM EDT Malaysia inflation rate slides to lowest since March 2021 Malaysia’s consumer price index recorded a 1.9% increase year on year for September, lower than the 2% in August and also lower than the 2.2% expected by a Reuters poll. This is lowest rate of inflation the country has … Read more
Sydney Harbour in Australia, featuring the Sydney Opera House and Harbour Bridge. Raisbeckfoto | E+ | Getty Images Asia-Pacific markets fell across the board taking cues from U.S. markets overnight, while the Bank of Korea kept its interest rates steady for the sixth time in a row. This also mirrors moves on Wall Street as … Read more
The odds of a fourth-quarter rally for the S & P 500 are coming down as higher rates and slower growth pressure equities, according to Morgan Stanley’s Mike Wilson. Only 39% of the stocks in the broad market index are trading above their 200-day moving average, creating a historically narrow rally, the bank’s chief U.S. … Read more