The U.S. bond market returns from holiday to find Wall Street stocks soaring ever higher to new records, with Big Tech and Big Banks stirring earnings season...
The U.S. bond market returns from holiday to find Wall Street stocks soaring ever higher to new records, with Big Tech and Big Banks stirring earnings season excitement even as China 's markets turn tail on demand worries and stimulus doubts.
The first blush of bank results on Friday saw that sector's shares surge and estimates of annual profit growth for financials have doubled to 4% since the start of the month. The annual decline in crude oil prices is running at more than 20% again - a balm for the returning Treasury market that's been so recently agitated by sticky U.S. inflation readouts.
The Shanghai Composite slumped 2.5% in heavy trading into Tuesday's close there, while the blue-chip CSI300 lost 2.7%. Hong Kong's Hang Seng dropped 3.7% and the offshore yuan skidded to a one-month low. * New York Fed September manufacturing survey, NY Fed Oct survey of consumer inflation expectations; Canada Sept CPI inflation
Glycolic Acid Market to Surpass USD 782.9 Million by 2034, Driven by Growing Demand in Skincare and Industrial Applications | Future Market Insights, Inc.
Mike Dolan Global Markets European Central Bank China Big Tech Goldman Sachs Dow Jones
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morning bid: Yen's big week beginsBut the dollar/yen pair - and the 140 milestone - are in the spotlight this week, with the Fed expected to begin a U.S. easing cycle and the Bank of Japan...
Read more »
Morning Bid: Middle East tensions drive oil pricesOil prices are headed for their largest weekly rise in over a year on Friday, spurred by escalating Middle East tensions that have cast a pall over global...
Read more »
Morning Bid: Hanging on the FedIt's finally decision time for the U.S. Federal Reserve and the market is split on whether it will cut its key interest rate by 25 or 50 basis points, though...
Read more »
Morning Bid: China stocks get a reality check; Europe shuddersGravity brought China's soaring stock market back to earth with a thud on Wednesday. Disappointment about the lack - so far - of follow-through on stimulus ...
Read more »
Morning Bid: Monster payrolls see 10-year Treasury yields top 4%With any thought of U.S. recession off the agenda after a monster September jobs report, doubts about the extent of further Federal Reserve easing have...
Read more »
Morning Bid: Roaring Chinese stocks set for best week in a decadeWill this week be Chinese President Xi Jinping's equivalent of Mario Draghi's famous 'whatever it takes' moment? Only time will tell if China's volley of...
Read more »