Bonds surge as CPI surprises, leading to a rally in stocks. Japan's economy weakens due to a weak yen and inflation. Gaza hospitals in focus as Biden urges restraint in Israel. Mitsubishi Heavy supports battery-management startup Element Energy. Schonfeld ends partnership talks with Millennium and secures billions elsewhere. House passes spending plan, easing threat of government shutdown. Ken Griffin predicts Miami could replace NYC as finance capital.
Stocks and bonds rally as traders speculate that Fed hikes are over. TSX index up 1.6% on strength in finance and base metals. Ottawa extends deadline for underused housing tax. Surveys show women less likely to request a raise or negotiate salary. Many Canadians are financially stressed and close to being broke. Canadian tech workers earn 46% less than their US counterparts
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Bonds Surge on CPI Surprise; Asia Stocks to Jump: Markets WrapBonds surge and Asian stocks are expected to jump as US CPI eases bets on more Fed rate hikes. Gold and copper prices rise. Treasury yields slide as soft CPI boosts the view that the Fed is done hiking rates. Cathie Wood predicts negative US inflation rate in 2024. Nvidia adds $200 billion to its value. Canada to review Glencore deal for Teck Coal Mines. Flybondi plans Brazil expansion after SPAC deal. US court ruling revives fight over solar panel tariff waiver. Ottawa extends deadline for underused housing tax. Surveys show women less likely to request a raise or negotiate salary. Many Canadians are financially stressed and tech workers make 46% less than their US counterparts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Stocks and Bonds Rally as Traders Bet That Fed Hikes Are DoneStocks and bonds rally as traders speculate that the Federal Reserve will not raise interest rates. The TSX index increases by 1.6% due to strength in finance and base metals. The S&P 500 rises by 2% as investors believe the 'Fed is done' and U.S. yields decline. The PGA Tour announces plans to offer equity ownership to players. The SEC celebrates $5 billion in penalties after a year of cracking down on cryptocurrency. Low-cost airline Flybondi plans to expand into Brazil after a SPAC deal. A U.S. court ruling revives the fight over solar panel tariff waivers. Oil prices continue to rise on positive fuel consumption signals. Crypto exchange Blockchain.com raises $110 million at a lower valuation. Ottawa extends the deadline for an underused housing tax. Surveys show that women are less likely than men to request a raise or negotiate salary. Many Canadians are facing financial difficulties and stress. Canadian tech workers earn 46% less than their U.S. counterparts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Asia Stocks Set to Gain as CPI Data, Fedspeak Loom: Markets WrapSummary of the latest news in the financial markets, including Asia stocks, failed trade talks, TSX index gain, FTX employee bonus demand, oil output projections, yen surge, emerging-market stocks, hedge fund activities, housing tax deadline extension, salary negotiation gender gap, and Canadian financial stress.
Source: BNNBloomberg - 🏆 83. / 50 Read more »