LONDON — European stocks closed higher after a choppy trading session Thursday, as global markets reacted to the latest policy decision from the U.S. Federal Reserve. The pan-European Stoxx 600 closed up by 0.7%, clawing back from earlier losses as U.S. GDP data came in better than expected. Utilities were the top performers, climbing 2%, […]
After a brutal two weeks for the market this month, Goldman Sachs is saying it’s about time for investors to dip their toes in the volatile waters. Not whole-hog on adding risk assets to the portfolio, but a nibble. “To the extent that zero interest rate policies, negative real interest rates and quantitative easing have […]
SINGAPORE — Asia-Pacific markets fell across the board on Thursday as investors reacted to an overnight update from the U.S. Federal Reserve that indicated the central bank plans to raise interest rates as soon as March. Japan’s Nikkei 225 fell 3.3% while the Topix was down 2.3%. Over in South Korea, the benchmark Kospi dropped […]
Stock futures fell Wednesday night after the Dow Jones Industrial Average and S&P 500 turned lower following a Federal Reserve update by chair Jerome Powell, at the conclusion of its two-day meeting. Futures tied to the Dow erased earlier gains and declined 398 points, or 1.17%. S&P 500 futures and Nasdaq 100 futures slipped 1.35% […]
Intel reported fiscal fourth-quarter earnings, for the period ended Dec. 26, after the bell on Wednesday. Shares dropped as much as 3% in volatile extended trading before recovering. Here’s how Intel did versus Refinitiv consensus estimates: EPS: $1.09, adjusted, versus $0.91 expected Revenue: $19.5 billion, adjusted, versus $18.31 billion expected Intel said it expected $18.3 billion in adjusted […]
Analysts love to issue price predictions and it seems that nine out of 10 times they are wrong. For example, how many times did analysts say “we will never see Bitcoin back at X price again,” only to see it plunge well below that level a few months later? It doesn’t matter how experienced a […]
LONDON, Jan 25 (Reuters) – A potential invasion of Ukraine by neighbouring Russia would be felt across a number of markets, from wheat and energy prices and the region’s sovereign dollar bonds to safe-haven assets and stock markets. Below are five charts showing where a potential escalation of tensions could be felt across global markets: […]
The International Monetary Fund is pushing El Salvador to ditch bitcoin as legal tender, according to a statement released on Tuesday. IMF directors “stressed that there are large risks associated with the use of bitcoin on financial stability, financial integrity, and consumer protection, as well as the associated fiscal contingent liabilities.” The report, which was […]
As cryptocurrency investors reel from the sharp sell-off in bitcoin and other digital currencies, some fear the worst is yet to come. Bitcoin, the world’s largest virtual currency, briefly plunged below $33,000 Monday to its lowest level since July. It’s since recovered back above the $36,000 mark, but is still down almost 50% from a […]
U.S. stock index futures fell in early trading Tuesday, after a wildly volatile session that saw the Dow erase a more than 1,100 point decline to finish the day in positive territory. Futures contracts tied to the Dow Jones Industrial Average lost about 280 points, or around 0.8%. S&P 500 futures dropped 41 points, or […]
SINGAPORE — Japan and Hong Kong stocks fell as Asia-Pacific markets tumbled on Tuesday after a volatile session overnight on Wall Street. Japan’s Nikkei 225 closed 1.66% lower with auto and tech stocks largely down, and the Topix fell 1.72%. Hong Kong’s Hang Seng index slipped 2.6% after a slight recovery earlier in the session. […]
Bitcoin bounced into positive territory Monday after initially continuing its slide from last week. On Monday, bitcoin fell to $32,982.11, its lowest point since July, according to Coin Metrics, but the largest cryptocurrency by market cap was up 5.6% in afternoon trading, to $37,183.25, as broader equities reversed course and ended the day higher. Earlier […]
