edged closer toward parity with the greenback, which climbed as much as 1.1%. Treasury 10-year yields dropped below 3%.
“The stock market has NOT already priced-in any possible upcoming decline in earnings estimates from this year ,” wrote Matt Maley, chief market strategist at Miller Tabak. “Even if earnings estimates stay stable and especially if they decline, the stock market is going to have to fall further before we see an important bottom for this bear market.”
A combination of steep Fed hikes and economic growth fears have lifted the greenback to the highest levels since March 2020. The dollar surge will be a
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:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China tech stocks sink as Alibaba, Tencent suffer fresh finesThe Hang Seng Tech Index dropped as much as 3.7%, with Alibaba among the top losers after plunging 6%. Tencent fell a maximum of 3.2%. Moneyweb Tencent China
Source: Moneyweb - 🏆 5. / 77 Read more »
US equity futures drop with stocks as dollar jumps: markets wrapMost Asian stocks dropped along with US equity futures Monday and the dollar jumped as the risk of more Covid curbs in China exacerbated overarching worries about the global economic outlook. Moneyweb Covid Equity
Source: Moneyweb - 🏆 5. / 77 Read more »
Business Maverick: Twitter Shares Sink, With Legal Battle Ahead as Elon Musk Walks AwayTwitter Inc. shares tumbled Monday after Elon Musk walked away from his $44 billion deal to buy the company, setting the scene for a disruptive legal battle. 54 but who's counting... I have always hated Bitcoin and thought it was a scam until a friend referred me to Mike_Rosehart , I made my first withdrawal of R100,000 in 2 weeks thanks to Mike_Rosehart I acted on faith, I'm now reaping the reward of that bold step and making more money than I couldn't even imagine all thanks to an amazing woman fx_sarah_jeff
Source: dailymaverick - 🏆 3. / 84 Read more »
China tech stocks sink as Alibaba, Tencent suffer fresh finesThe Hang Seng Tech Index dropped as much as 3.7%, with Alibaba among the top losers after plunging 6%. Tencent fell a maximum of 3.2%. Moneyweb Tencent China
Source: Moneyweb - 🏆 5. / 77 Read more »
Top government and business leaders warn that South Africa is sitting on a ‘ticking time tomb’Top business and government officials have warned that South Africa is set to face a repeat of its July 2021 as very little has been done to address the issues facing the country over the last year.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
Top government and business leaders warn that South Africa is sitting on a ‘ticking time bomb’Top business and government officials have warned that South Africa is set to face a repeat of its July 2021 as very little has been done to address the issues facing the country over the last year. It’s too late. 😢 Wonder how long a ticking time bomb must carry on ticking b4 July 2021 reloads. What is the straw to break the camel’s back? So many sparks.
Source: BusinessTechSA - 🏆 24. / 61 Read more »