Oil rose after Iran sent a warship to the Red Sea in response to the US Navy’s sinking of three Houthi boats over the weekend, adding to regional tensions as ships continue to avoid the key waterway. Brent crude climbed above $78 a barrel after declining by 5% over the prior three sessions, with West … Read more
The Federal Reserve received some holiday cheer as inflation continued to soften while consumer demand firmed, and the Bank of Japan stuck with the world’s last negative interest rate. Meantime, maritime attacks carried out by Houthi rebels in Yemen have disrupted shipping in the Red Sea, prompting a rerouting of cargoes that’s raised costs. Source … Read more
Stock Market Today: Dow, S&P Live Updates for December 22 Bloomberg Source link
I’m Malcolm Scott, a senior economics editor in Sydney. Today, we’re looking at the Bank of Japan’s policy decision. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. The … Read more
Wall Street extended its rally Tuesday, shrugging off warnings from policymakers trying to rein in expectations for Federal Reserve rate cuts. The Nasdaq 100 set another all-time high while the S&P 500 added 0.6%, fast approaching the benchmark’s record peak. The blue-chip Dow Jones Industrial Average also hit a fresh record. Atlanta Fed President Raphael … Read more
Apple Inc., the globe’s top publicly traded company, continues to enjoy sustained market success. Apple set another record high as trading sessions concluded on Thursday, bringing its market capitalization to a staggering $3.1 trillion — a figure now rivaling the total market value of France’s entire stock market, which stood at roughly $3.2 trillion, Bloomberg … Read more
I’m Chris Anstey, a senior editor in Boston, and today we’re looking at what we learned from China’s latest economic data. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so … Read more
India stock market: The Indian benchmark equity indices, Sensex and Nifty 50, are expected to open higher on Thursday following gains in global markets after the US Federal Reserve kept the key interest rates unchanged and foresees three rate cuts next year. The Asian markets rallied while the US stocks jumped overnight on a dovish … Read more
Wed, Dec 13 2023 3:19 PM EST ‘History will not be kind’ to current central bank officials: investing officer The Federal Open Market Committee will not be looked back on positively after the central bank did not push back on market expectations for cuts next year, said Brad Conger, deputy chief investment officer at Hirtle … Read more
Wall Street is gearing up for what’s expected to be the most-important Federal Reserve decision of the year, with traders awaiting any signals on whether the market’s aggressive dovish bid is now overdone. Stocks, bonds and the dollar saw mild moves amid bets the Fed will hold rates Wednesday and try to put a lid … Read more