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(Bloomberg) — The bond market rebounded from session lows, with Jerome Powell only reiterating the Federal Reserve’s wait-and-see approach before policymakers decide to embark on interest-rate cuts. While the Fed chief didn’t break any major new ground, Wall Street got some relief from his views that recent inflation figures did not “materially change” the overall…
(Bloomberg) -- Asian equities got off to a muted start Tuesday as strong US data supported the view the Federal Reserve will be slow to cut rates.Most Read from BloombergTrump’s Net Worth Drops $1 Billion as Social Media Firm SinksErdogan Suffers Historic Loss in Turkey Municipal ElectionsCaribbean Golden Passport Cost Soars to $200,000 on EU CrackdownCrash or Soar? Traders Are Preparing for Stock Market ExtremesTesla Has Wall Street Worried About How Many Cars It Just SoldAustralian shares were
(Bloomberg) — European stocks were set for a lukewarm start as traders recalibrated their bets on the Federal Reserve’s easing. US Treasuries were steady after slumping in the previous session. The Euro Stoxx 50 futures inched higher, while contracts for US stocks slipped in Asian trading. The S&P 500 fell 0.2% Monday while the Nasdaq…
(Bloomberg) — Hong Kong stocks outperformed in an otherwise muted Asian market, while bonds in the region fell as traders recalibrated their bets on the Federal Reserve’s easing. Shares in Hong Kong jumped after a two-session holiday, tracking Monday’s gains in their mainland counterparts. Xiaomi Corp. contributed the most to the advance in the city’s…
(Bloomberg) — Stocks and bonds dropped around the world as solid economic readings and a rally in commodities spurred speculation that major central banks will keep rates higher for longer. In a revival of the “good news is bad news” trade, Tuesday’s better-than-estimated readings on US job openings and factory goods orders kept markets under…