Markets
China’s Covid lockdowns have less impact on its economy
Pictured are residents of the metro in Zhengzhou city, Henan province, on December 5, 2022, after the municipality said negative nucleic acid test results were no longer required to ride public transport in common. CGV | Visual Group China | Getty Images BEIJING — China’s Covid lockdowns are having a lesser impact on the economy … Read more
Wall Street, Reserve Bank of Australia, interest rates
Reserve Bank of Australia says further hikes expected, but not on a fixed path Australia’s central bank said it planned to continue raising interest rates, but was “not on a predefined path”, according to Governor Philip Lowe’s statement. The council monitors factors such as the global economy and household spending in the country, Lowe said. … Read more
The Fed Can’t Stop Raising Interest Rates Because of These 4 Factors
CNBC’s Jim Cramer listed four reasons why the Federal Reserve can’t stop tightening the economy just yet. Not enough people are re-entering the labor market. This makes it harder for the Fed to eradicate wage inflation. There is a gap between job offers and job seekers. While many engineers are needed to implement the measures … Read more
Stock futures are up slightly as fears grow over upcoming interest rate hikes
Stock futures traded lightly late Monday as investors tried to shake off the previous session’s selloff. Dow Jones Industrial Average futures added 35 points, or 0.1%. S&P 500 and Nasdaq-100 futures both gained 0.1%. Monday’s close marked a negative start to the trading week. The Nasdaq Composite led the charge lower, shedding 1.93% to end … Read more
Stock futures are up slightly as fears grow over upcoming interest rate hikes
Stock futures are trading nearly flat on Monday night as investors tried to shake off the previous session’s selloff. Dow Jones Industrial Average futures added 52 points, or 0.1%. S&P 500 and Nasdaq-100 futures both gained 0.1%. Monday’s close marked a negative start to the trading week. The Nasdaq Composite led the charge lower, shedding … Read more