Market Overview - Page 155

Moody’s Analytics Mark Zandi has a message for investors: Brace for a significant market correction. The firm’s chief economist expects a more hawkish Federal Reserve will spark a 10% to 20% pullback. And, unlike the sharp drops over the past.

France’s far-right political party fell short of expectations in the first round of regional elections this weekend, raising questions about how much influence it will have in next year’s presidential vote. The National Rally (RN) — formerly known as National.

Shares in Asia-Pacific dropped on Monday, as Japan’s markets plummeted. Meanwhile, China kept its benchmark lending rate unchanged. Japanese stocks led losses regionally, with the Nikkei 225 falling 4% in Monday trade. It later pared some of those losses but.

New house prices in Canada jumped 1.4% in May, adding 11.3% to the same month a year earlier. The month-on-month jump in prices more than doubled analysts’ expectations, pointing to an emerging inflationary spiral. Earlier this week, the Bank of.

A first glance at the market dynamics yesterday indicates that the bulls have directed all their strength and liquidity to buy shares of technology giants in the US. Other sectors and related markets were under a tangible sell-off. We are.

The Covid-19 delta variant originally discovered in India is now spreading around the world, becoming the dominant strain in some countries, such as the U.K., and likely to become so in others, like the U.S. On Wednesday, the World Health.

Hedge fund legend David Tepper thinks the Federal Reserve did a good job, showing that policymakers are not asleep at the wheel. The Appaloosa chief, known for bold calls and strong returns, told CNBC’s Scott Wapner on Thursday that despite.

British officials are considering plans to open up international travel for passengers who’ve been fully inoculated against Covid-19, allowing a resumption of tourism to more than 150 countries and territories including the vital U.S. market and some of the most.

The prices of commodities were falling sharply on Thursday, cutting into months of gains and weighing on equity markets, as China takes steps to cool off rising prices and the U.S. dollar strengthens. The decline in commodities was widespread, with.

The Swiss National Bank on Thursday increased its inflation and GDP forecasts but vowed to keep monetary policy ultra-loose to counter the highly valued Swiss franc. Inflation is now expected to hit 0.4% in 2021, up from a previous forecast.

US initial jobless claims jumped last week to 412K from 375K, sharply contrasting the forecasted drop to 360K. Continued claims changed little over the week at 3,518K against the expected 3,430K. The overall number for initial claims has changed little.

At the end of its regular meeting, the Fed improved economic growth estimates, raised inflation forecasts for this year and brought the expected interest rate hike date closer. These estimates caused the dollar to jump by more than 1%. This.