Nov 28 (Reuters) – A preview of the day ahead in Asian markets from Jamie McGeever. The Purchasing Managers’ Index (PMI) data will be the main economic driver for Asian markets this week, but the tone will be set by the increasingly tense political situation in China. Thousands of people are taking to the streets …
Morning auction: the Chinese crisis is preparing Read More »
Nov 21 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Reports of the falling dollar may have been greatly exaggerated, and if that turns out to be the case, that’s bad news for Asia. Global equities have rebounded strongly, bond yields and the dollar have fallen, and financial conditions …
NEW YORK, Nov 18 (Reuters Breakingviews) – Layoffs at tech giants such as Twitter, Amazon.com (AMZN.O) and Meta Platforms (META.O) mark the first large-scale job cuts since the beginning of 2020. After years of falling unemployment in the United States, it might seem that Silicon Valley foreshadows the start of a dystopian future for workers. …
Big Tech layoffs are a dystopian labor market fiction Read More »
LONDON, Nov 11 (Reuters) – Defusing this year’s biggest shock to the global economy could catalyze a rebound in global markets that many investors believe is too late – but could also raise other uncomfortable puzzles. Whispers about an endgame to Russia’s 9-month-old invasion of Ukraine – suggestions ranging from ‘talking talks’ to a brokered …
Column: Ukraine endgame could electrify global markets Read More »
Nov 7 (Reuters) – A preview of the day ahead in Asian markets from Jamie McGeever. What the Fed takes, China may be about to give back. Speculation is mounting that China may soon make substantial changes to its zero COVID policy and begin to reopen the economy. Chinese asset prices were on fire at …
Morning Bid: Positioning for pivot made in China Read More »
Nov 1 (Reuters) – After months of tears and tantrums, bitcoin wants to break away from stock markets. The cryptocurrency, which has been closely correlated to tech stocks for much of its torrid 2022, is staging one of its biggest efforts yet to break loose. Its 30-day correlation with the Nasdaq (.IXIC) slipped to 0.26 …
Cryptoverse: Bitcoin wants to break its link with stocks Read More »
A preview of the day ahead in US and global markets by Mike Dolan. A potentially pivotal week for U.S. monetary policy was overshadowed by renewed “terminal rate” speculation, with worrying global growth signals coming out of China and global inflation fears fueled by rising grain prices. Despite some shocking earnings for US mega-cap stocks, …
Morning deal: Fed peak rate talks meet Chinese restrictions and grain pressure Read More »
Oct 31 (Reuters) – A preview of the day ahead in Asian markets from Jamie McGeever If global markets on Monday take a cue from Friday’s crash on Wall Street, it will close out what has, in many ways, been a truly remarkable month. Investors face another (likely) one-off US rate hike from the Fed …
A preview of the day ahead in US and global markets by Mike Dolan. A brutal week for tech stocks around the world worsened further on Friday as Amazon became the latest mega-cap to plunge, underscoring recession fears and fueling speculation that central bank tightening has hit. a nerve and may soon subside. Shares of …
LONDON, Oct 27 (Reuters) – The specter of recession hangs over London Metal Exchange (LME) Week festivities this year. The consensus of analysts is that the European manufacturing sector is already contracting and that the United States could well follow. Demand forecasts have been revised downwards. The International Lead and Zinc Study Group (ILZSG) now …
Column: Metals markets brace for a different kind of slowdown: Andy Home Read More »
