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Global Markets

Global Markets

U.S. stocks ended lower on Thursday after news that the Bank of Japan will allow long-term interest rates to rise sent U.S.
Updated : Jul 28, 2023

Wall Street closes down, Dow snaps longest winning streak since 1987

Higher rates in Japan pushed the U.S. 10-year yield over 4% and reduced the attractiveness of stocks.

Private credit in Asia has been ramping up
Updated : Jul 21, 2023

Asia's private credit markets thrive as desperate borrowers find lenders

Besides property developers, borrowers thronging private markets include privately-held companies and start-ups whose private equity issuance has been stymied by broader stock market swings and the deepening discounts of their valuations, known as a 'down round' in the industry.

One of Berkshire's portfolio managers invested in Activision in late 2021, with Buffett boosting the stake to nearly 10% in 2022.
Updated : Jul 18, 2023

Buffett cut Activision stake before judge approved Microsoft merger

The Activision investment was a form of arbitrage, with Buffett viewing investors as too pessimistic that regulators would approve combining Microsoft's Xbox gaming console business with the publisher of the "Call of Duty" and "Candy Crush" franchises.

China's central bank rolled over maturing medium-term policy loans and kept the interest rate unchanged
Updated : Jul 17, 2023

China rolls over medium-term policy loans, rate unchanged

The economic recovery has lost momentum after an initial burst in the first quarter, prompting monetary authorities to lower key policy rates last month.

Additional interest rate hikes are needed to bring down inflation that is still too high, but the end to the U.S. central bank's current monetary policy tightening cycle is getting close
Updated : Jul 11, 2023

Wall St ends up; investors digest Fed official comments

Investors are anxious to see if price pressures are continuing to moderate. That could shed light on the interest rate outlook, with many traders expecting the Fed to raise interest rates by 25 basis points this month.

People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S.
Updated : Jul 04, 2023

Explainer: U.S. yield curve hits deepest inversion since 1981: What is it telling us?

"It's not unusual to get a yield curve inversion but it is unusual to get one of this magnitude. We haven't seen one like this in quite a while," said Brian Jacobsen, senior investment strategist at Allspring Global Investments.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S
Updated : Jul 04, 2023

Wall St ends slightly higher in shortened session, Tesla jumps

"You have got a lot of people that are just not in the market today," said Chuck Carlson, chief executive at Horizon Investment Services in Hammond, Indiana. "Nobody is really placing any big bets on either side of the market right now."

Among private banks, ICICI Bank remained on the weaker side while IndusInd Bank is witnessing buying interest from traders, Bagaria said.
Updated : Jun 26, 2023

Directionless Nifty Bank has support at 42,780 level, says Sumeet Bagadia

Nifty Bank looks choppy and non-directional for the time being until 42,780 or 44,500 is taken out.

US Fed policy outcome: Nomura analysts sees a ‘hawkish pause’ but said that would unlikely to dampen market sentiment. It believes the terminal rate may have been reached.
Updated : Jun 14, 2023

US Fed policy outcome at 11.30 pm; a pause on the cards, say stock market analysts

US Fed policy announcement: Manish Chowdhury Head of Research at Stoxbox said the calls for a rate pause have got louder following a sharp slowdown in consumer price inflation released this week.

Wall St falls ahead of debt ceiling vote; Fed hike worries persist
Updated : May 31, 2023

Wall St falls ahead of debt ceiling vote; Fed hike worries persist

A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday

Wall Street ends higher, dollar climbs on solid data, debt ceiling progress
Updated : May 19, 2023

Wall Street ends higher, dollar climbs on solid data, debt ceiling progress

US crude dropped 1.33% to settle at $71.86 per barrel, while Brent settled down $1.10, or 1.43%, at $75.97.

Asian shares mixed as China growth worries crimp US debt ceiling optimism
Updated : May 19, 2023

Asian shares mixed as China growth worries crimp US debt ceiling optimism

China shares fell 0.61%, while Hong Kong's Hang Seng index dropped as much as 1.8%, dragged down by tech stocks after Alibaba Group Holding Ltd, reported a lower-than-expected 2% rise in quarterly revenue.

S&P 500 futures ESc1 slipped 0.2%, while Nasdaq futures NQc1 fell 0.3%.
Updated : May 15, 2023

Asian shares braced for China data, Fed speakers

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.16% lower, while Japan's Nikkei bucked the trend with a gain of 0.5%, building on the optimism from last week during the earnings season.

Worries of a potential government default loom over Washington as early as June 1, if Congress does not act to resolve the deadlock.
Updated : May 10, 2023

Wall Street closes down as focus shifts to inflation data, debt talks

Investors will look for clues on whether inflation is continuing to ease following the Labor Department's consumer price index (CPI) report on Wednesday.

On Wall Street, the Dow Jones Industrial Average closed down 0.17%, the S&P 500 gained 0.05% and the Nasdaq Composite added 0.18%.
Updated : May 09, 2023

Shares rise, dollar flat ahead of key US inflation data

Treasury yields rose on increased optimism that the worst stresses in the US regional banking system may be over, while gold edged higher on the tepid dollar and crude oil advanced about 2%.

Caution made for a slow start in markets and MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.3%, while Japan's Nikkei eased 0.3%.
Updated : May 08, 2023

Asia shares inch higher, US inflation test looms

Forecasts are for a rise of 0.4% in April for both the headline and core CPI, with the annual pace of core inflation slowing just a tick to 5.5%.

The Nasdaq declined 0.49% to 11,966.40 points, while Dow Jones Industrial Average declined 0.86% to 33,127.74 points.
Updated : May 05, 2023

Wall Street ends down as PacWest fuels fears of deeper bank crisis

Of the 11 S&P 500 sector indexes, nine declined, led lower by financials, down 1.29%, followed by a 1.26% loss in communication services.

The unanimous decision lifted the US central bank's benchmark overnight interest rate to the 5.00%-5.25% range, the 10th consecutive increase since March 2022.
Updated : May 04, 2023

Wall Street ends down on nagging uncertainty about Fed rate path

Indexes initially held onto gains following the Fed's statement. It increased interest rates by a quarter of a percentage point, as expected, and signaled it could pause further hikes.

The Dow Jones Industrial Average fell 367.17 points, or 1.08%, to 33,684.53, the S&P 500 lost 48.29 points, or 1.16%, to 4,119.58 and the Nasdaq Composite dropped 132.09 points, or 1.08%, to 12,080.51.
Updated : May 03, 2023

Stocks sink; Treasury yields, dollar fall; Fed, debt ceiling in focus

Bank stocks underperformed sharply after the weekend failure of US regional bank First Republic Bank.

Investors have been on edge about the banking system's health following the collapse of two other regional banks in March.
Updated : May 02, 2023

Wall Street near flat after First Republic news, awaiting Fed meet outcome

The KBW regional banking index dropped 2.7%, while shares of JPMorgan Chase & Co, which won the auction of failed lender First Republic, rose 2.1%.

The Dow Jones Industrial Average rose 524.29 points, or 1.57%, to 33,826.16, the S&P 500 gained 79.36 points, or 1.96%, to 4,135.35 and the Nasdaq Composite added 287.89 points, or 2.43%, to 12,142.24.
Updated : Apr 28, 2023

Wall St rallies as earnings season boost offsets economy worries; Meta, Alphabet shares rise

S&P 500 communication services index ended up 5.5% for its biggest one-day percentage gain since February 2022.