Tag Archives: Markets

Truss has now put the country on an economic road completely at odds with most, if not all, major global economies. Hannah Mckay | Reuters U.K. bond markets went into a tailspin Friday as investors shunned the country’s assets. Yields (which move inversely to prices) on the 5-year gilt rose …

Text size Japan has had to intervene to support the sliding yen for the first time since 1998, even as it tries to keep its interest rates low. Akio Kon/Bloomberg The world has been hooked on cheap money for years. Now we’re witnessing what withdrawal looks like. Lifting interest rates …

Text size Market chaos has hit stocks, bonds, commodities, currencies, and futures. It’s hard to see it ending soon. Michael M. Santiago/Getty Images It’s a bumpy, volatile, no good, very bad market out there. Stocks, bonds, commodities, currencies, and futures have been moving violently from day to day—and there’s probably …

Illustration by Elias Stein Text size The case for active management—stock picking—holds that funds should outperform indexes when markets crumble. Alas, that hasn’t occurred this time. Morningstar research found that only 40% of nearly 3,000 active funds outperformed their average passive peer over the 12 months through June. That rate …

Text size Investors are staring at a ‘lost decade.” NYSE After four decades of incredible performance, the stock market could be at the beginning of a lost decade. Yes, the S&P 500 has dropped 2.5% on Friday, and is down 23% in 2022. But it’s impossible to overstate just how …

Stocks tumbled on Friday to close out a brutal week for financial markets as surging interest rates and foreign currency turmoil heightened fears of a global recession. The Dow Jones Industrial Average fell more than 700 points to fall below 30,000 to a new low for the year. The 30-stock …

Text size The Federal Reserve’s rate hikes could create liquidity-related shocks to other markets. Here: a food stall complex in Manila, the Philippines, Veejay Villafranca/Bloomberg The parade of central banks—from the Bank of England to the Central Bank of the Philippines—that followed in the Federal Reserve’s footsteps with interest rate …

British pound drops 2.8% against dollar The British pound continued to fall into Friday afternoon, dropping as much as 2.8% against the dollar. It was trading at $1.0941 at 3:45 p.m. in London, as analysts said the prospect of reaching dollar parity was certainly on the table. Investors appear to …

Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square, on the Isle of Dogs on November 05, 2020 in London, England. Dan Kitwood | Getty Images News | Getty …

Text size Federal Reserve Chairman Jerome Powell. Drew Angerer/Getty Images It will be enough. That pretty much summed up Federal Reserve Chairman Jerome Powell’s message to the markets about what the U.S. central bank will do to bring down inflation from its four-decade peak back to its official 2% target. …