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Market Turmoil Resumes As Inflation Rises More Than Expected, Oil Prices Spike, Gold At Record Highs: This Week In The Markets
Volatility surged as geopolitical tensions rose in the Middle East and inflation data defied estimates, delaying rate cuts and causing concern for stocks, mortgages and consumer sentiment. read more.....»»
Nasdaq hits record as Fed holds, coronavirus stimulus talks gain steam
The Fed is now more optimistic on the economy next year......»»
London Markets: Pound slumps after construction sector sees worst decline on record
The British pound fell sharply on Wednesday, following data that showed a collapsing construction sector as the country remains largely locked down due to its coronavirus outbreak......»»
U.S. business activity hits fresh record lows amid coronavirus lockdowns
U.S. business activity plumbed new record lows in April as the novel coronavirus severely disrupted manufacturing and services industry production, pushing the economy into uncharted waters......»»
U.S. business activity hits fresh record lows amid coronavirus lockdowns
U.S. business activity plumbed new record lows in April as the novel coronavirus severely disrupted manufacturing and services industry production, pushing the economy into uncharted waters......»»
Primark owner scraps dividend, takes charge for surplus stock as coronavirus crisis hits
Primark owner Associated British Foods will not pay an interim dividend to save cash during the coronavirus crisis and has booked a 284 million pound ($352 million) charge to reflect an expected lower value of stock when its stores reopen......»»
London Markets: U.K. stocks rally, British pound recovers as optimism over possible virus containment offsets worry over Johnson
The British pound recovered and U.K. stocks rose Tuesday, as concern over the hospitalization of British Prime Minister Boris Johnson was offset by broader optimism the coronavirus crisis was slowing......»»
Wall Street falls as coronavirus cuts into U.S. payrolls
Wall Street's main indexes fell on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, leaving little doubt that the economy is in a recession......»»
Big banks reassure staff about potential job cuts
Big banks are postponing decisions about staff cuts as the coronavirus hits their businesses hard, with executives saying they are unsure how long the outbreak will hurt the economy and worried about being unprepared if business suddenly snaps back......»»
Bond Report: 10-year Treasury yield hits record low of 0.90% as virus worries spark renewed haven buying
U.S. Treasury yields edged even lower on Thursday as a volatile stock market helped draw investors to government paper, amid worries about the COVID-19 outbreak’s potential to upend American consumer activity and supply chains......»»
Stocks slide, 10-year Treasury yield hits record low after Fed"s emergency rate cut
Global equity markets slid on Tuesday and the yield on 10-year U.S. Treasuries fell below 1% for the first time after the Federal Reserve cut interest rates in an emergency move to shield the U.S. economy from the impact of the fast-spreading coronavirus......»»
Stocks gain as China cuts tariffs, investors look beyond virus
Stock markets across the world gained on Thursday, helped by record highs on Wall Street and a move by China to halve tariffs on some U.S. goods as investors bet that the global economy would avoid long-term damage from the coronavirus......»»
Oil hits 13-month lows as coronavirus worries rattle market
Oil prices fell to the lowest in more than a year on Monday, dragged down by concern over demand in China after the coronavirus outbreak, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support......»»
Oil falls as coronavirus hits demand; OPEC+ considers deeper cuts
Oil prices fell on Monday, dragged down by concern over demand in China after the coronavirus breakout, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support......»»
Wall Street hits new highs in strongest week since August
Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth......»»
Wall Street hits new high as data boosts growth outlook
Wall Street indexes hit new record highs on Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth......»»
London Markets: Pound surrenders $1.30 level after key Bank of England member hints of interest-rate cuts
The British pound is under pressure after Gertjan Vlieghe, a member of the U.K.’s Monetary Policy Committee, hinted in an interview with the Financial Times that he’d be willing to consider interest rate cuts......»»
Fed officials kick off 2020 with optimistic view of U.S. economy
Top U.S. Federal Reserve officials struck upbeat tones about the economy on Friday, a confidence reflected in a record of their latest meeting that signaled no urgency to offer additional stimulus in the wake of three interest rate cuts last year......»»
Oil hits three-month highs as strong U.S. consumer spending underpins growth hopes
Oil prices rose on Friday, hitting three-month highs after data showed record online spending by U.S. consumers, stoking faith in the world's no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing......»»
Stocks hit record high, sterling endures rough week
World stocks touched record highs on Friday, as trading wound down before the year-end holidays, while the British pound was heading toward its worst week for more than two years amid renewed worries over how Britain will leave the European Union......»»