BOJ will be ‘alarmed’ if yen crosses 130 per dollar, says ex-vice minister

BOJ will be 'alarmed' if yen crosses 130 per dollar, says ex-vice minister

The Bank of Japan will be “alarmed” if the yen weakens beyond 130 per dollar, according to Japan’s former vice minister of finance for international affairs, Eisuke Sakakibara. The yen was trading at 123.77 per US dollar on Wednesday morning Asia. The Japanese currency fell more than 5% against the greenback in March, despite the … Read more

Stock market in for ‘rough ride’ after Brainard’s ‘tough talk’ on Fed balance sheet

Stock market in for 'rough ride' after Brainard's 'tough talk' on Fed balance sheet

Tough talk Tuesday on the Federal Reserve’s balance sheet from a key policy maker could signal rough sledding ahead for equity investors, a Wall Street economist warns. “Fedspeak has become increasingly more hawkish with a noted dove hinting that balance-sheet reduction could begin as soon as next month,” said Joe LaVorgna, chief economist for the … Read more

5 things to know before the stock market opens Tuesday, April 5

5 things to know before the stock market opens Tuesday, April 5

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks lower after two-session winning streak Traders on the floor of the NYSE, April 4, 2022. Source: NYSE US stock futures dipped Tuesday after back-to-back gains on Wall Street. The Nasdaq advanced nearly 2% to … Read more

Bear market rally setting stage for correction: Morgan Stanley warns

Bear market rally setting stage for correction: Morgan Stanley warns

A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September. Wilson cited technical headwinds on CNBC’s “Fast Money” on Monday. “It does have all the hallmarks of what I would call a … Read more

5 things to know before the stock market opens Monday, April 4

5 things to know before the stock market opens Monday, April 4

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks steady; key Treasury spreads remain inverted Traders on the floor of the NYSE, March 31, 2022. Source: NYSE US stock futures were mixed Monday, with the tech-heavy Nasdaq looking modestly higher. Twitter shares soared … Read more

JPMorgan, Goldman pick top Southeast Asia markets for 2022

JPMorgan, Goldman pick top Southeast Asia markets for 2022

Indonesia’s stocks are among the top picks of JPMorgan Asset Management and Goldman Sachs for 2022. In this photo from April 2019, the statue of a bull is standing at the lobby of the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia. Dimas Ardian | Bloomberg via Getty Images Geopolitical tensions around the world have been … Read more

US stock end higher Friday, S&P 500 rises for third straight week, after March jobs report reinforces Fed rate-hike expectations

US stock end higher Friday, S&P 500 rises for third straight week, after March jobs report reinforces Fed rate-hike expectations

All three major US stock benchmarks closed higher Friday, after a March jobs report reinforced a picture of a healthy economy but also underlined expectations for the Federal Reserve to be more aggressive in hiking interest rates in an effort to rein in persistently hot inflation. How did stock indexes perform? The Dow Jones Industrial … Read more

US stock end higher Friday, S&P 500 rises for third straight week, after March jobs report reinforces Fed rate-hike expectations

US stock end higher Friday, S&P 500 rises for third straight week, after March jobs report reinforces Fed rate-hike expectations

All three major US stock benchmarks closed higher Friday, after a March jobs report reinforced a picture of a healthy economy but also underlined expectations for the Federal Reserve to be more aggressive in hiking interest rates in an effort to rein in persistently hot inflation. How did stock indexes perform? The Dow Jones Industrial … Read more

America’s job market is on fire. Here’s why it doesn’t feel like it

America's job market is on fire.  Here's why it doesn't feel like it

new York CNN Business — America’s economic recovery from the historic shock of the pandemic has been nothing short of extraordinary. However, consumers are feeling disparaged as they struggle with rising prices on everything from garden furniture and groceries to gas. Home prices have gone through the roof but with the Federal Reserve raising interest … Read more

America’s job market is on fire. Here’s why it doesn’t feel like it

America's job market is on fire.  Here's why it doesn't feel like it

new York CNN Business — America’s economic recovery from the historic shock of the pandemic has been nothing short of extraordinary. However, consumers are feeling disparaged as they struggle with rising prices on everything from garden furniture and groceries to gas. Home prices have gone through the roof but with the Federal Reserve raising interest … Read more