The price of bitcoin held at $20,000, as European benchmarks rose after most Asian markets fell. Dollar was trading at 134.76 yen against the Japanese yen, down from 135 late Friday. China’s 1-year and 5-year loan prime rates remained constant, as expected. After most Asian markets fell, European indexes rose Monday, but the bitcoin prices … Read more
Wall Street ended its most painful week since the 2020 coronavirus crash Global markets have been trembling as investors acclimatize to the unpleasant medicine of higher interest rates. Higher interest rates can reduce inflation, but they also increase the chance of a recession Wall Street ended its most painful week since the 2020 coronavirus crash … Read more
Monday, U.S. stocks fell into bear market territory as Wall Street investors fretted about interest rate hikes and inflation. The S&P 500 is down more than 20% from its early-year high. “According to Krier, the precise definition of a recession is two-quarters of declining US growth. Monday, U.S. stocks fell into bear market territory as … Read more
Futures on the Dow Jones Industrial Average increased by 67 points or 0.2 percent. Futures on the S&P 500 and Nasdaq 100 rose 0.3 percent and 0.5 percent, respectively. The S&P 500 fell 3.9 percent to its lowest level since March 2021, plunging more than 21% from its January high. On Monday night, US stock … Read more
The S&P 500 plummeted 3.88 percent to 3,749.63, its lowest level since March 2021, and it has lost more than 21 percent from its January record. Some on Wall Street argue that it is not an official bear market until the index closes below that level, which occurred on Monday. The most recent bear market … Read more
Hong Kong rose strongly as Chinese technology shares advanced. Tokyo, Seoul, and Sydney all saw increases in benchmarks. The Japanese economy shrank by 0.5 percent year on year in the first quarter due to a coronavirus outbreak, according to the Cabinet Office. Stocks in the United States rose on Tuesday as Treasury yields fell. BANGKOK: On … Read more
The losses come after a string of rocky days for markets, with key indexes frequently lurching between gains and losses by the hour. Investors are still trying to figure out how rising interest rates and inflation will affect the economy. The S&P 500 index fell 44.91 points, or 1.1%, to 4,115.77. It has notched losses … Read more
The S&P 500 and Nasdaq futures both rose 0.1 percent. Domestically, the Reserve Bank is expected to announce the outcome of its Monetary Policy Committee meeting on June 8 and is expected to hike interest rates. Today’s stock news Nifty futures on the Singapore Exchange traded at 83 points, indicating that Indian equity markets will begin … Read more
