Sweden’s Riksbank on Tuesday launched a 100 basis point hike to interest rates, taking its main policy rate to 1.75%, as it warned that “inflation is too high.” In a statement, the central bank said soaring inflation was «undermining households’ purchasing power and making it
D.R. Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Analyst Kenneth Zener said that homebuilders, which have underperformed this year, tend to rebound sooner and more sharply than the broader market. Shares of Lennar rose about 2%, while
Bitcoin fell to its lowest level in three months on Monday as investors dumped risk assets amid expectations of higher interest rates. The world’s largest cryptocurrency dropped as much as about 5% to hit an intraday low of $18,276, its lowest level since June 19, according
Yields on 10-year US debt touched their highest level since April 2011 on Monday as investors prepare for another interest rate hike by the Fed. The expectation that the Federal Reserve (Fed) will raise key interest rates by 75 or 100 basis points this week
The US stock markets ended the session up, on a day marked by high volatility, with the main indexes alternating between gains and losses. The Fed meeting that takes place on Wednesday dominates the attention of investors. Wall Street‘s main indexes closed higher on Monday
European markets saw choppy trade Thursday, although banking stocks maintained strong gains. The pan-European Stoxx 600 was down 0.59% as trading closed in London, after flipping between mild losses and gains during the morning. Banking stocks, however, added 1.71% following a Morgan Stanley analyst note
The dollar eased from multi-year highs on Friday after a strong rally earlier in the week, though expectations that the Federal Reserve would need to hike more to keep inflation in check sent Treasury yields higher and kept the greenback in demand. The onshore unit hovered dangerously
Gold dropped to its lowest level since April 2020 on Thursday, hurt by elevated U.S. Treasury yields and a firm dollar, as bets of another hefty rate hike by the U.S. Federal Reserve eroded bullion’s appeal. U.S. gold futures last fell 2.1% lower at $1,672.6.
BEIJING — More people in China and Brazil are worried about their jobs than in the U.S. and U.K., according to a survey by consulting firm Oliver Wyman released this month. In China, 32% of respondents said they were concerned about the impact of inflation
NextEra Energy: Shares fell 3% in extended trading after the company announced its intent to sell $2 billion in equity units. Each equity unit will be issued in the amount of $50 and will consist of a contract to purchase NextEra Energy common stock in the