[ad_1] U.S. Treasury yields rise as investors weigh interest rate decisions ahead U.S. Treasury yields were higher on Tuesday as the Federal Reserve’s meeting is due to kick off and investors considered the outlook for interest rate decisions from central banks in major global economies that are expected this week. At 4:27 a.m. ET, the … Read more
[ad_1] South Korea’s gross domestic product grows 0.9% in second quarter South Korea’s gross domestic product grew 0.9% year-on-year in the second quarter of 2023, according to advance estimates. This was unchanged from the 0.9% seen in the first quarter, and beat the 0.8% estimate by economists polled by Reuters. On a quarter to quarter … Read more
[ad_1] U.S. stock futures were little changed on Monday night after the major averages snapped a three-day decline. Dow Jones Industrial Average futures rose 4 points, or 0.01%. S&P 500 gained 0.02%, while the Nasdaq-100 futures added 0.04%. Investors are coming off a positive session for the major averages. On Monday, the Dow Jones Industrial … Read more
[ad_1] Traders on the floor of the NYSE, June 29, 2023. Source: NYSE The Dow Jones Industrial Average inched lower Wednesday as Wall Street resumed a holiday-shortened week and looked to Federal Reserve meeting minutes coming in the afternoon. The 30-stock average lost 57 points, or 0.2%. The S&P 500 and Nasdaq Composite each shed … Read more
[ad_1] Ayhan Altun | Moment Open | Getty Images Turkey’s monthly inflation rate for June came in lower than expected, despite the continued collapse of the lira currency following the re-election of President Recep Tayyip Erdogan. Turkey’s consumer price index rose 3.92% month-on-month, official data showed Wednesday. The reading was lower than Reuters’ forecast of 4.84% … Read more
[ad_1] The U.S. economy has shifted from a “rolling recession” to a “rolling recovery,” according to market veteran Ed Yardeni. Since March of last year, the Federal Reserve has raised the federal funds rate by five percentage points and is likely to increase it by another 50 basis points by the end of this year. … Read more
[ad_1] Stocks rose Friday and technology names continued their staggering run to cap off a strong start to the year, and the best first half for the Nasdaq Composite since 1983. The Dow Jones Industrial Average gained 285.18 points, or 0.84%, to close at 34,407.60. The S&P 500 climbed 1.23% to end at 4,450.38, and … Read more
[ad_1] Factory activity in China in June contracted for a third month, official data released June 30, 2023 show. Weak China economic data in April and May have fanned calls for economic stimulus for the world’s second-largest economy. Future Publishing | Future Publishing | Getty Images China’s factory activity in June contracted for a third … Read more
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, May 30, 2023. Brendan McDermid | Reuters Stock futures are modestly higher Monday night as investors looked toward the next batch of economic data and readied for the end of June and the second quarter. Futures tied to … Read more
[ad_1] Fresh PMI data came in below expectations and pointed to an economic slowdown. Bloomberg | Bloomberg | Getty Images Business activity growth in Europe slowed in June, pointing to a difficult end to the second quarter, according to preliminary data Friday. The euro zone’s flash composite Purchasing Managers’ Index dropped to 50.3 in June … Read more