The pound hit a record low against the dollar, and markets fell amid fears of recession

The pound hit a record low against the dollar on Monday amid mounting concerns about the British economy after the government unveiled a massive tax cut budget. The sell-off came as most stock markets across Asia fell again on growing expectations that a central bank rate hike to combat hyperinflation would lead to a deep … 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 stocks open to close; Markets brace for more Fed rate action

Rheinmetall rises 9.7% German arms manufacturer Rheinmetall It continued its bullish run on Wednesday afternoon, rising 9.7% to reach the top of the Stoxx 600. This follows news on Monday that the German Armed Forces have contracted the company to purchase a total of 48 fuel tank trucks for use at several German Army and … Read more

European companies are rethinking their plans for a “closed” China

China’s Ministry of Commerce said on Monday that foreign direct investment from Germany to China grew by about 30% in the first eight months of the year compared to last year. Vcg | China Optical Group | Getty Images BEIJING – European companies in China are reassessing their market plans after this year’s Covid controls … 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

My biggest concern is the Fed and why we are in wait mode

There is a widespread perception that Federal Reserve Chairman Jerome Powell does not care about corporate news. It’s a strict creature of broad government economic reports – the consumer price index, the producer price index, industrial production, retail sales and, of course, non-farm employment numbers. He also cares about what his federal colleagues say. But … Read more

Big tech stocks are still very expensive. What does that mean for the market?

font size Nvidia stocks are trading at an average forward earnings multiple of about 38 times. Justin Sullivan / Getty Images Big tech stocks are still very expensive, despite the downturns this year. This is the key Standard & Poor’s 500. Now, giants – apple (Stock ticker: AAPL) and the alphabet (GOOGL) Two examples – … 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