Traders work on the floor of the New York Stock Exchange in New York City, US on January 10 2022. Picture: REUTERS/BRENDAN MCDERMIDGlobal stocks edged up and bond yields clung to recent highs on Tuesday as investors awaited US Federal Reserve chair Jerome Powell’s appearance before the Senate banking committee, hoping for clues to the timing of expected policy tightening.
The MSCI All Country stock index nudged 0.2% up to 742.93 points on Tuesday. In Europe, the Stoxx index jumped 1%, snapping a three-day losing streak to enjoy its best day in nearly three weeks. The Nikkei index fell 0.9% as trading resumed after a holiday on Monday. Australian stocks shed 0.8%, Taiwan added 0.3% and Seoul was steady. Hong Kong ticked 0.1% higher and China’s 300 index shed 0.8%.US December consumer inflation data will be released on Wednesday, with the headline CPI seen coming in at a red-hot 7% on a year-on-year basis, boosting the case for rates to rise sooner rather than later.
He did not mention the central bank’s plans to hike rates explicitly and this week's hearings are the first opportunity for Powell and Brainard to shed more light on their views.
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:
Investing with williamchurch09 has brought my family so much joy, I've received R25,500 from my little funds i invested and I'm grateful, i advice everyone to invest with 👇👇👇👇 williamchurch09
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to build a world-class smartphone app for your businessIf your business is looking to build its own smartphone app, then Codehesion is the perfect partner.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
US reports 1.35 million COVID-19 cases in a day, shattering global record - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The United States reported 1.35 million new coronavirus infections on Monday, according to a Reuters tally, the highest daily total for any country in the world as the spread of the highly contagious Omicron variant showed no signs of slowing. Might sound gloomy but these are good news somewhat... because natural vaccination is taking place with a less deadlier strain... Oyo What?
Source: SABCNews - 🏆 37. / 51 Read more »
US Mint rolls out quarters featuring late author, activist Maya Angelou - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The US Mint has started rolling out quarters which feature late American author and activist Maya Angelou, the first Black woman to appear on the coin. Out of many, one I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Dpurplewomanfx on Twitter she guides me through and i made a return of $10500 after a week of trading, connect with her Dpurplewomanfx Black people are making some progress, I ner with a black face still, the coins will illude black people & be allergic to their presence & not reside in any of their pockets, only to reside in white people's pockets...
Source: SABCNews - 🏆 37. / 51 Read more »
Dollar rises on US interest rate hike optimism - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The dollar edged higher against a basket of currencies on Monday as recent employment data prompted some Wall Street banks to raise their estimates for how quickly the Federal Reserve will raise interest rates this year. Investing with williamchurch09 has brought my family so much joy, I've received R25,500 from my little funds i invested and I'm grateful, i advice everyone to invest with 👇👇👇👇 williamchurch09 My wife passed away while I looking for employment. I have two children (3 & 4 years) to take care of now and I'm struggling and in my struggle my children sleep hungry😔💔. Please assist us with any food parcel or tinned food you dont use🙏🏻. For my babies 🙏🏻
Source: SABCNews - 🏆 37. / 51 Read more »
No concessions: Russia takes hard line before vital talks with US - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Russia said on Sunday it would not make any concessions under US pressure at talks this week on the Ukraine crisis and its demands for Western security guarantees and that there was a risk they might end quickly. Till date stephanie_fx_tr has been great to me and am happy with her work. For a start I deposited $1000 and after a week got $9,900 return. Her accuracy and reliability can’t be compromised The US as who in the first place? Who checked the US human rights issues and abuse for their over 20 years of shame and defeat in Afghanistan? The US is actually the last nation on earth to be talking about human rights....
Source: SABCNews - 🏆 37. / 51 Read more »