Premarket: World stocks eye 1% weekly loss, U.S. yield curve indicates recession

World stocks were heading on Friday for a 1% loss on the week, drifting from recent two-month highs after U.S. Federal Reserve officials fired more warning shots on interest rates, while the U.S. bond yield curve priced for a recession.

Sai said the market was currently “running on fumes” and would switch focus to the real economy’s response to rising rates, such as anecdotal signs of slowdown in the U.S. labour market. Britain’s FTSE gained 0.33%, a day after finance minister Jeremy Hunt announced tax rises and spending cuts in an effort to reassure markets that the government was serious about fighting inflation.

That left them 69 basis points above 10-year yields, the largest inversion since 1981 and an indicator of impending recession.

Quick. Change the definition of “recession”, again.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Market movers: Stocks seeing action on Wednesday - and whyA look at North American equities heading in both directions
Fuente: globeandmail - 🏆 5. / 92 Leer más »

Trump-tied stocks jump as former president launches 2024 White House bidDigital World Acquisition and Canada’s Rumble are among the companies seeing gains Hope he picks Tulsi Gabbard for VP Just hope he can bring world peace and a booming economy like the last time he was elected.
Fuente: globeandmail - 🏆 5. / 92 Leer más »

TSX today: Index down 0.92% amid losses in energy stocks - BNN BloombergCanada's main stock index was down nearly 200 points, as losses in the energy and base metal sectors helped lead a broad-based decline, while U.S. stock markets also fell in late-morning trading.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Wednesday’s small-cap stocks to watchOur roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news
Fuente: globeandmail - 🏆 5. / 92 Leer más »