A dollar gauge rose to yet another record as 10-year Treasury yields held near the highest in a decade.
Goldman Sachs Group Inc. slashed its year-end target for the S&P 500 Index to 3,600 from 4,300, citing a higher interest-rate path from the Federal Reserve, while strategists gave up on a year-end rally for European stocks as private-sector activity in the region continued to contract. While the dollar continued its relentless advance on expectations for higher rates, a surprise cut by Turkey’s central bank sent the lira to a fresh all-time low and its longest weekly losing streak in 23 years. The yen fluctuated as traders braced for more action after Japan intervened to prop up the ailing currency for the first time since 1998.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Twelve U.S. consumer defensive, health care stocks with appealing valuations, dividendsWe are looking for U.S. consumer defensive and health care stocks with attractive valuations and better than average dividend income amid a bear market Great. Vampire blood banks are doing really well too. I suppose the mop and pail will endorse that industry
Source: globeandmail - 🏆 5. / 92 Read more »
'Market should be pretty upset': Tech stocks brace for more bleeding as Fed ratchets up ratesHigher rate target a clear escalation in Fed\u0027s effort to stamp out inflation and creates high likelihood of recession, strategist says
Source: fpinvesting - 🏆 43. / 63 Read more »
'Market should be pretty upset': Tech stocks brace for more bleeding as Fed ratchets up ratesHigher rate target a clear escalation in Fed\u0027s effort to stamp out inflation and creates high likelihood of recession, strategist says
Source: financialpost - 🏆 7. / 85 Read more »
'Market should be pretty upset': Tech stocks brace for more bleeding as Fed ratchets up ratesHigher rate target a clear escalation in Fed\u0027s effort to stamp out inflation and creates high likelihood of recession, strategist says The “market” isn’t a person. People don’t get upset when corps make a little less profit.
Source: nationalpost - 🏆 10. / 80 Read more »
Province says timber stocks remain healthy and viableProvince says timber stocks remain healthy and viable DonBradshawNTV
Source: NTVNewsNL - 🏆 54. / 59 Read more »
Midterm magic just ahead to goose Canadian stocksAn unfathomed catalyst should soon bring sweet relief to the TSX
Source: globeandmail - 🏆 5. / 92 Read more »