The S&P 500 and the tech-heavy Nasdaq 100 declined. Shares of Tesla Inc. gained in anticipation of Elon Musk stepping back from Twitter Inc., the social-media company that distracted him from running the electric-car maker for months. Twitter usersin favor of Musk stepping back from the leadership role. Treasuries dropped, with the policy-sensitive two-year yield around 4.22%.
Investors are still on the edge after recent remarks from the Fed and other hawkish central banks across the globe. But some may be looking past fears of an economic recession triggered by higher interest rates, and betting instead that inflation might be peaking, allowing the Fed and its peers some leeway in their tightening policy.
“I’m kind of more in the camp of they hike in February, and I do think they’ll hike again in March, but that’s probably it,” Matt Brill, head of US investment grade and senior portfolio manager at Invesco, said on Bloomberg Television. “We’re 90%-95% of the way done here. I think the floor has sort of been set and the worst is certainly behind us.”
But to Dennis DeBusschere, founder of 22V Research, the Fed restating their hawkish rhetoric complicates the near-term backdrop for the S&P 500. “There is no near-term catalyst to reverse the market trend, but the downside to 3,800 is limited unless a negative catalyst appears,” he said.from China’s top leaders to boost the economy next year by reviving consumption and supporting the private sector. While news of a Covid surge across China capped Asian market gains, Beijing’s pledge lifted energy and metals prices, with those sectors leading gains on Europe’s Stoxx 600 index.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: There’s never been a worse time to get sick in the UKHospital waiting lists are growing. Pharmacies are running out of antibiotics. Nurses have been taking industrial action for the first time in their history and over the next week ambulance drivers will join them — with strikes planned for Wednesday. And we wonder why?
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Trump’s actions on 6 January merit insurrection charges, Schiff saysA member of the House’s 6 January panel said there’s enough evidence to charge Donald Trump with insurrection and other crimes. Oh, bs, man. Zuma of USA Hahaha.. what a joke... the one man who really cares about America... would love to have Trump in South Africa
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Rolls-Royce Engine Key to Zero-Carbon Flights Ready for TestingRolls-Royce Holdings Plc said a new aircraft engine designed to slash carbon production over coming decades is ready to be fired up in ground-based tests. There's a lot of talk of burning hydrogen because 'the only emission is water'. I've also heard that water is a far more potent greenhouse gas than co2.
Source: dailymaverick - 🏆 3. / 84 Read more »
Sifiso Skenjana | We should ask what role big tech plays in enabling a sustainable future | BusinessAs we continue to see big tech exploring expansion opportunities into our local market, the questions we must ask, ought to be grounded by what role they offer in ensuring we have sustainable industry, writes Sifiso Skenjana. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »
Nearly 10% of marine life threatened with extinction - Red List | BusinessThe effects of human activity from climate change to pollution are 'devastating' marine life, with nearly a tenth of underwater plants and animals assessed so far threatened with extinction, the latest Red List of Threatened Species showed last week. Pollution, yes. Climate Change? Hard no. We're not buying that propaganda. Give it up
Source: News24 - 🏆 4. / 80 Read more »
Group life premiums are being hiked by 20% to 40% - what you need to know | BusinessIf you are an employee who enjoys group life cover, you need to be aware of what is happening to your benefits as there have recently been significant premium increases - driven by higher-than-expected pandemic deaths. | News24_Business _Business I was so brave to give a try after a Friend recommended Jerry, month ago i invested a min of $300 been a jobless hustler, but i literally can't tell of how happy i am right after a profit return of $2250 not much of it but surely it worth it, hit him up for tips JerryMelba _Business Come on, pandemic deaths? Don’t you mean vaccine deaths! _Business You mean the treatment not given to those who fell ill due to corporate media been bought by big Pharma and their advertising spend.
Source: News24 - 🏆 4. / 80 Read more »