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Wall St Week Ahead Investors wonder when the sharp selloff in US stocks will end

Wall St Week Ahead Investors wonder when the sharp selloff in US stocks will end

A specialist trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 22, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 23 (Reuters) – A week of heavy selling has rocked U.S. stocks and bonds, and many investors are bracing for …

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Britain bets on historic tax cuts and borrowing, investors get scared

Britain bets on historic tax cuts and borrowing, investors get scared

Kwarteng slashes top income tax rate amid growth momentum Huge increase in UK government debt issuance expected Gilts suffer biggest drop in decades The pound falls to its lowest level in 37 years against the dollar LONDON, Sept 23 (Reuters) – Britain’s new finance minister, Kwasi Kwarteng, on Friday announced historic tax cuts and huge …

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Analysis: Japan is chasing the intervention on the yen

Analysis: Japan is chasing the intervention on the yen

Japanese yen banknotes are seen in this illustration photo taken September 22, 2022. REUTERS/Florence Lo/Illustration Join now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 23 (Reuters) – As the Bank of Japan enters the foreign exchange markets for the first time in decades to defend a battered yen, it faces many obstacles, chiefly …

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Wall Street ends down for third day as growth worries weigh on tech

Wall Street ends down for third day as growth worries weigh on tech

Join now for FREE unlimited access to Reuters.com Register Tech stocks down after latest Fed rate move Investors are concerned about the possibility of a recession Darden Restaurants falls on disappointing quarterly sales JetBlue posts lowest close since March 2020 Indices down: Dow 0.35%, S&P 0.84%, Nasdaq 1.37% Sept 22 (Reuters) – Wall Street’s major …

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US labor market resilient as recession signals strengthen

US labor market resilient as recession signals strengthen

Weekly jobless claims rise by 5,000 to 213,000 Continuing claims drop 22,000 to 1.379 million WASHINGTON, Sept 22 (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating that the labor market remains tight despite the Federal Reserve’s attempt to cool demand with aggressive increases in interest rates. …

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Column: The recession will be necessary to rebalance the oil market

Column: The recession will be necessary to rebalance the oil market

LONDON, Sept 22 (Reuters) – Unused capacity in global oil production has fallen to exceptionally low levels, contributing to intense upward pressure on prices until very recently. Restoring idle capacity to more comfortable levels will require a slowing of the business cycle, which is why a recession or at least a serious downturn is inevitable. …

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Fed set for another 75 basis point rate hike;  early pivot unlikely: Reuters poll

Dollar hits two-decade high as Putin shakes up FX market ahead of Fed

Join now for FREE unlimited access to Reuters.com Register Dollar index hits two-decade high The euro drops to its lowest level in two decades Putin announces partial troop mobilization for Ukraine Markets assess Fed hawkishness in Powell briefing LONDON/NEW YORK, Sept 21 (Reuters) – The dollar hit a new two-decade high on Wednesday just ahead …

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Asian stocks fall, yields rise as markets brace for aggressive Fed

Asian stocks fall, yields rise as markets brace for aggressive Fed

Visitors walk past the Japan Nikkei stock price quotation board inside a conference hall in Tokyo, Japan September 14, 2022. REUTERS/Issei Kato/File Photo Join now for FREE unlimited access to Reuters.com Register TOKYO, Sept 21 (Reuters) – Stocks in Asia fell and bond yields rose on Wednesday as investors braced for another aggressive interest rate …

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