Category: Stock Market News

Fed Rate Hikes Won’t Overturn Emerging-Market Rally

Who’s afraid of Jerome Powell? Not emerging markets. Stocks, bonds and currencies in developing nations did tumble with global markets after the U.S. Federal Reserve chairman’s comments this week spurred bets for four interest-rate increases in 2018. Conventional wisdom holds that the quick increase in borrowing costs will diminish risk appetite and end a two-year […]

Global stocks tumble as Trump sparks global trade war fears

The specter of a global trade war sent world stocks tumbling on Friday and drove investors toward the traditional safe plays of government bonds and the Japanese yen. Europe’s STOXX 600 index fell over 1 percent early on, following both Wall Street and Asia down, after Donald Trump said the United States would impose hefty […]

Fed’s Powell sends world stocks reeling to end turbulent February

World stocks were set to snap a record 15-month long winning streak on Wednesday, tumbling another quarter percent after new Fed boss Jerome Powell’s comments suggested the possibility of four U.S. interest rate rises this year rather than three. Barely recovered from an early-February sell-off, equity sentiment has been shaken by Powell and by data […]

Yen Tipped to Test 105 Per Dollar as Seasonal Flows Kick in

The yen looks set to rise toward 105 against the dollar again, with the Bank of Tokyo-Mitsubishi UFJ Ltd. and Daiwa Securities Co. predicting a boost from fiscal year-end repatriation flows. Japanese exporters left behind in the dollar-yen’s rapid slide this year will sell into any advance in the pair, according to Daiwa. That’s expected […]

BlackRock Has It Wrong on U.S. Stocks, Russell Investments Says

A difference of opinion is what makes a market — and BlackRock Inc.’s bullish case for U.S. equities over their European counterparts last week has prompted a rebuttal from Russell Investments, which argues the world’s largest money manager has got it the wrong way round. The strong earnings momentum in U.S. stocks championed by BlackRock […]