markets

Live stock market news updates: Stocks plunge as rate hikes rock markets, retail sales miss

Live stock market news updates: Stocks plunge as rate hikes rock markets, retail sales miss

U.S. stocks fell on Thursday as Wall Street reeled from another big rate hike by Federal Reserve officials and weighed similar moves from monetary policymakers across the Atlantic. A disappointing reading on consumer spending also weighed on sentiment. The European Central Bank and the Bank of England followed the lead of the US Fed by …

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Asia-Pacific markets trade lower after Fed rate hike, signals more ahead

Asia-Pacific markets trade lower after Fed rate hike, signals more ahead

November retail sales in China experience major misfires China’s industrial production for November rose 2.2%, after growing 5% in October, official data showed. That’s less than expectations for 3.6% growth in a Reuters survey. Retail sales fell 5.9% on an annualized basis, more than expectations of a 3.7% drop in a Reuters survey and a …

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5 things to know before the stock market opens on Tuesday

5 things to know before the stock market opens on Tuesday

Traders work on the floor of the New York Stock Exchange (NYSE), December 7, 2022. Brendan McDermid | Reuters Here are the most important information investors need to start their trading day: 1. Take the temperature of the economy The government’s latest reading on inflation is expected to drop at 8:30 a.m. ET. Economists polled …

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Hong Kong stocks briefly fall 2% as investors anticipate Fed meeting and US inflation this week

Hong Kong stocks briefly fall 2% as investors anticipate Fed meeting and US inflation this week

China could reopen its border with Hong Kong before the Lunar New Year China may drop quarantine requirements for Hong Kong residents traveling to the mainland ahead of the Lunar New Year next month as part of the latest round of reopening measures, the South China Morning Post reported, citing official sources. close to the …

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Stocks wobble with swaps priced for Fed downgrade: Markets wrap

Stocks wobble with swaps priced for Fed downgrade: Markets wrap

(Bloomberg) – Stocks have faced great volatility, with traders weighing mixed economic numbers amid bets they won’t be enough to stop the Federal Reserve from reducing the pace of tightening next week, as recently reported. Bloomberg’s Most Read The S&P 500 faltered as an unexpected drop in near-term inflation expectations tempered concerns with a warmer-than-expected …

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Hong Kong shares rise nearly 3% after reports say city plans to ease Covid rule

Hong Kong shares rise nearly 3% after reports say city plans to ease Covid rule

China’s National Health Commission issues guidelines for treating Covid at home Chinese health authorities announced guidelines on Thursday to treat Covid patients at home, a day after formalizing a policy that allows most infected patients to quarantine at home, as part of the easing measures in the country. The notice on the National Health Commission …

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Trump's surprise Christmas gift to Joe Biden still moves the markets

Trump’s surprise Christmas gift to Joe Biden still moves the markets

No one could predict what President Donald Trump would do in the final days of December 2020, and stunned onlookers could only wait and hope. A lobbyist has recalled how he dared not raise the elephant in the room as Trump debated signing the $900 billion COVID stimulus bill. “We didn’t want to give him …

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European markets fall as investors assess China's Covid relaxation and oil moves

European markets fall as investors assess China’s Covid relaxation and oil moves

Stocks in motion: CFF up 8%, Rational down 7% Swedish real estate company SBB saw its shares surge 8% mid-afternoon to top the Stoxx 600 after presenting its pro forma earning capacity for 2023 following the sale of shares in education unit EduCo. At the bottom of the index, German kitchen appliance maker Rational fell …

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