The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to prevent the surge in inflation turning into something even more problematic. The Swiss-based BIS has held its annual meeting in recent days, where top central bankers met to discuss their current … Read more
LONDON — European stocks moved higher on Monday, continuing a positive trend seen at the end of last week’s trading. The pan-European Stoxx 600 index added 0.7% in early trade, with basic resources jumping 2.9% to lead gains as all sectors and major bourses entered positive territory. The higher open on Monday comes after the … Read more
SINGAPORE — Shares in the Asia-Pacific traded higher on Monday as investors assess inflation and recession fears. Hong Kong’s Hang Seng index was up 2.13%, with the Hang Seng Tech index up 3.46%. Alibaba’s shares in the Chinese city rose 4.13% while Meituan was up 4.09%. Mainland Chinese markets also gained. The Shanghai Composite climbed … Read more
SINGAPORE — Shares in the Asia-Pacific region were higher on Friday as investors weigh recession fears. Hong Kong’s Hang Seng index jumped 1% in early trade, with the Hang Seng Tech index rising 1.7%. Logistics company GoGoX climbed as high as 22.90 Hong Kong dollars ($2.92) in its stock market debut in the city. The … Read more
The yield on the benchmark US 10-year Treasury note fell to its lowest level in almost two weeks on Thursday as investors continued to assess the likelihood of a recession. The yield on the 10-year Treasury note was around 4 basis points lower at 3.117%, while the yield on the 30-year Treasury bond fell 3 … Read more
LONDON — European stocks were lower Thursday, as global markets see renewed volatility after a brief recovery following last week’s tumultuous trading. The pan-European Stoxx 600 dropped 0.5% by late morning, having recovered more than half of its earlier losses. Banks fell 1.5% while travel and leisure stocks gained 1.1%. In terms of individual share … Read more
SINGAPORE — Shares in the Asia-Pacific were mixed on Thursday as investors continued to monitor recession concerns. Hong Kong’s Hang Seng index wall early gains to sit close to the flatline. Mainland Chinese markets reversed course to trade lower. The Shanghai Composite was almost flat, and the Shenzhen Component was 0.562% lower. The Nikkei 225 … Read more
US Treasury yields rose on Tuesday as investors awaited the release of a fresh batch of economic data on the first trading day of the week. The yield on the benchmark 10-year Treasury note was almost 3 basis points higher at 3.269%, while the yield on the 30-year Treasury bond traded 4.5 basis points higher … Read more
LONDON — European stocks inched slightly higher on Monday after a tumultuous trading week last week. The pan-European Stoxx 600 added 0.2% in early trade, with travel and leisure stocks climbing 1.1% to lead gains while construction and material stocks fell 1.2%. The modest gains for Europe today came after a turbulent week of trading … Read more
US Treasury yields pulled back Friday as a volatile week, which saw central banks around the world signaled a more aggressive effort to curtail soaring inflation, drew to a close. At around 5:27 am ET, the yield on the benchmark 10-year Treasury note was 9 basis points lower at 3.214%, while the yield on the … Read more