UK Gilt Yields Highest Since 2008 Ahead of BoE, Fed
On Wednesday, British two-year and five-year government bond yields increased to their highest since late 2008. This development came ahead of expected interest rate hikes...
Tag : Federal Reserve
US Fed Raises Interest Rates as Recession Doubts Mount
The Federal Reserve is composed to roll out another big increase in interest rates on Wednesday as it cools the economy to compress down the...
Ford Shares Drop 10% on Warning of Higher Inflation-related Supply Costs
On Tuesday, shares of Ford Motor (NYSE:F) Co dropped 10 per cent after the automaker flagged a bigger-than-expected USD 1 billion hit from inflation and...
Crude Oil Weakens; Demand Concerns Increase as Building Permits Fall
On Tuesday, oil prices weakened, as evidenced by a weakening US housing market. However, movements are limited before the start of the latest US Federal...
Sensex Rises Above 60,000 as Investors Digest Hawkish Central Banks
Global markets strengthened as investors digested hawkish comments from the Federal Reserve and the European Central Bank’s biggest-ever key interest rate hike, with India’s stock...
Asian Stocks Rise on China Stimulus, Upcoming Rate Action
Asian shares rose in early trade on Tuesday after China pledged on Monday to make another effort to boost its economy. At the same time,...
Asian Shares Rise as Hopes for Audit Deal Boost Chinese Tech
Asian shares rose on Friday, uplifted by news that China and the US may progress in finalising an audit agreement. At the same time, traders...
Asian Stocks Drop, Dollar Strengthens, Yuan Falls
On Monday, Asian shares slipped as worries about global growth extended the dollar’s gains as most major banks continued to raise interest rates. At the...
Asian Stocks Shaken as Focus Turns to US Inflation Data, Fed Outlook
On Tuesday, Asian shares fell as financial markets worried about lingering global cost pressures. Investors turned their attention this week to US inflation data and...
Bank of England on the Brink of Biggest Rate Hike Since 1995
The Bank of England is expected to raise interest rates by the most since 1995 on Thursday to stem a surge in inflation in the...