Wall Street set for bounceback but recession risk keeps investors cautious

Wall Street set for bounceback but recession risk keeps investors cautious

LONDON, June 21 (Reuters) – Wall Street was set to open higher on Tuesday and European shares were set for a second day of gains, recovering slightly from last week’s 17-month lows, but major central banks’ rate hike plans and global recession risks kept investors cautious. World stocks have edged higher so far this week, … Read more

Fed’s Waller backs another big rate hike for ‘all in’ inflation fight

Fed's Waller backs another big rate hike for 'all in' inflation fight

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, US, June 14, 2022. REUTERS/Sarah Silbiger Register now for FREE unlimited access to Reuters.com Register June 18 (Reuters) – Federal Reserve Governor Christopher Waller on Saturday became the latest US central banker to pledge a whatever-it-takes approach to fighting … Read more

Wall Street rallies to close higher after Fed statement

Wall Street rallies to close higher after Fed statement

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 13, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register Fed announces biggest rate hike since 1994 Powell: does not expect 75 bps to be the norm S&P 500 snaps five-session losing streak … Read more

Asian stocks slide as Fed hike fears tip Wall St into bear market

Asian stocks slide as Fed hike fears tip Wall St into bear market

HONG KONG, June 14 (Reuters) – Asian shares slid sharply and the safe-haven dollar held near a two-decade peak on Tuesday after Wall Street hit a confirmed bear market milestone on fears aggressive US interest rate hikes would push the world’s largest economy into recession. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell … Read more

US retailers cut prices but services keep inflation hot

US retailers cut prices but services keep inflation hot

WASHINGTON, June 9 (Reuters) – Major US retailers like Target Corp (TGT.N) and Walmart Inc (WMT.N)have been cutting prices to clear overstocked warehouses, but hotel revenue is pouring in as daily room rates and occupancy have broken above pre-pandemic levels. Used car prices are no longer surging at the chart-topping pace that drove an initial … Read more

Stock markets jolted by Musk’s economy and jobs warning

Stock markets jolted by Musk's economy and jobs warning

LONDON, June 3 (Reuters) – Wall Street was tipped for a weaker open on Friday, bucking share price gains in Europe and Asia after warnings on the economic outlook from Tesla Chief Executive Elon Musk who outlined plans to lay off 10% of his staff . Markets are on edge ahead of crucial monthly jobs … Read more

Global stock markets rise, US yields fall ahead of employment data

Global stock markets rise, US yields fall ahead of employment data

Wall Street stocks close higher Benchmark 10-year yields down Brent crude prices up 1% US dollar eases Safe-haven gold rises above 1% NEW YORK, June 2 (Reuters) – Global equity markets rose while US yields were lower on Thursday after lower-than-expected private payrolls data stirred hopes that the American economy was likely cooling and the … Read more

Rising cost of living hurts US consumer confidence; house prices soar

Rising cost of living hurts US consumer confidence;  house prices soar

Consumer confidence index falls to 106.4 in May Labor market gauge softeners; more say jobs hard to find Buying intentions for cars, homes, major appliances ease House prices accelerate year-on-year in March WASHINGTON, May 31 (Reuters) – US consumer confidence eased modestly in May as persistently high inflation and rising interest rates force Americans to … Read more

Wall St. Week Ahead: Stock rally fanned by hopes of Fed ‘past peak hawkishness’

Wall St. Week Ahead: Stock rally fanned by hopes of Fed 'past peak hawkishness'

NEW YORK, May 27 (Reuters) – Bad news may once again be good news on Wall Street, as signs of slowing US growth fan hopes that the Federal Reserve may not need to tighten policy as much as previously expected. Home sales have fallen for a third straight month, while big misses from retail giants … Read more

Global shares rally on relief after Fed minutes

Global shares rally on relief after Fed minutes

NEW YORK, May 26 (Reuters) – World stock markets broadly rose on Thursday and bond yields eased as no hawkish surprises from the latest US Federal Reserve minutes helped soothe immediate worries over the impact of interest rate hikes on economic growth. Wall Street extended its rally from Wednesday. By midmorning, all three major US … Read more