‘The Federal Reserve is breaking things’ – this is what keeps Wall Street on edge as risks mount around the world

Jerome Powell, Chairman of the US Federal Reserve, during a federal hearing event in Washington, DC, US, on Friday, September 23, 2022. Drago | Bloomberg | Getty Images Such as Federal Reserve Efforts to tame inflation are intensifying, sending the dollar, bonds and stocks up, and concern is growing that a central bank crackdown will … Read more

Stocks drop, Chinese yuan tops 7.2 against the dollar

The Chinese yuan is likely to return to the “reasonable range” soon The yuan is likely to return to the “reasonable range” between six and seven against the US dollar — as soon as next year, said Han Baojiang, director of the Department of Economics at the Party School of the CPC Central Committee. That’s … Read more

Market professionals call potential winners and losers the sterling dips

The British pound continued its slide against the US dollar this week, setting a new record low against the dollar on Monday. Sterling briefly touched $1.0382 in Asian trade – the lowest level ever since 1971 – as investors weigh the cost of British Prime Minister Liz Truss’s sweeping tax cuts and investment incentives that … Read more

How India is trying to transform itself into a semiconductor power

Indian Prime Minister Narendra Modi’s government has sought to boost the country’s chip-making prowess. Sharma money | AFP | Getty Images Analysts say India could play a big role in the semiconductor industry, as the world’s fifth-largest economy looks to boost its domestic chip sector. Along with other countries such as the United States, India … Read more

European markets open to close, Bank of England and Swiss central bank interest rate decisions

US stocks opened mixed US stocks opened mixed Thursday after the Federal Reserve’s decision on Wednesday to implement it The third consecutive rise in the interest rate of 0.75%. The Dow Jones Industrial Average and the S&P 500 were hovering around the flat line in early trades, while the Nasdaq was down 0.2%. Karen Gilchrist … Read more

Federal Reserve hike, Bank of Japan, interest rates, currencies

Oil prices rise after Fed raises rates, demand concerns remain Oil prices rose after the third consecutive rate hike by the Federal Reserve. Reuters also I mentioned Chinese refineries They expect the country to release up to 15 million tons of oil product export quotas for the rest of the year, citing people familiar with … Read more

European markets open for closing, earnings, data and news

Fortum shares soar 9.5% ahead of Uniper deal Fortum Shares rose 9.5% in afternoon trading on Tuesday on news that the German government was closing a deal to nationalize the gas giant. Uniper. Germany is considering buying Finnish energy company Fortum’s controlling stake in Uniper, details are expected to be announced on Wednesday. Karen Gilchrist … Read more

European markets open for closing, data, earnings and news

US stocks open slightly higher US stocks moved slightly higher on Wednesday morning despite growing concern about the outlook Another big rate hike from the Federal Reserve. The Dow Jones Industrial Average rose 0.4% while the S&P 500 gained 0.5%. The Nasdaq also gained 0.8% in early trading. Karen Gilchrist Stocks on the go: Verbund … Read more