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This is not the bottom of the market, says Morgan Stanley, as he named 3 things that should happen first

A sustainable market bottom is unlikely unless three conditions are met, according to Morgan Stanley. The investment bank reiterated that it expects this bear market drop to reach between 3,000 and 3,400 points for the S&P 500 index, its analysts, led by US equity expert Mike Wilson, wrote in an October 3 note. They added …

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Asia Pacific markets mixed, Hang Seng index at 11-year lows; oil rises

The Reserve Bank of Australia expects to raise interest rates by 50 basis points, according to a Reuters poll A Reuters poll of economists expected the Reserve Bank of Australia to raise its benchmark interest rate by 50 basis points to 2.85%. RBA board members said the issue of a slower pace of rate hikes …

Asia Pacific markets mixed, Hang Seng index at 11-year lows; oil rises Read More »

Asia Pacific markets mixed, Hang Seng index at 11-year lows; oil rises

The Reserve Bank of Australia expects to raise interest rates by 50 basis points, according to a Reuters poll A Reuters poll of economists expected the Reserve Bank of Australia to raise its benchmark interest rate by 50 basis points to 2.85%. RBA board members said the issue of a slower pace of rate hikes …

Asia Pacific markets mixed, Hang Seng index at 11-year lows; oil rises Read More »

Asia Pacific markets mostly fell after the S&P 500 closed at its lowest level in the new year

CNBC Pro: Iron ore demand on the verge of collapse in October, says UBS. Here’s how to trade this. Iron ore demand in China surged earlier this month, but Swiss bank UBS says it’s a “short-term” lift that will collapse next month. UBS research also said demand for iron ore has already weakened globally as …

Asia Pacific markets mostly fell after the S&P 500 closed at its lowest level in the new year Read More »

Asia Pacific markets mostly fell after the S&P 500 closed at its lowest level in the new year

The Reserve Bank of India raised interest rates by 50 basis points India’s central bank raised its benchmark interest rate by 50 basis points to 5.9%, in line with expectations of analysts polled by Reuters. The fourth consecutive increase comes as the country’s consumer inflation climbed to 7% in August and the currency fell to …

Asia Pacific markets mostly fell after the S&P 500 closed at its lowest level in the new year Read More »

Hong Kong’s Hang Seng is down more than 3%, leading to sharp declines in the Asian trading session

Oil prices drop as a strong US dollar offsets production cuts due to hurricane Oil prices fell on Wednesday as a strong US dollar offset US production cuts from Hurricane Ian. Brent crude futures fell 2.06% to $84.49 a barrel, while US West Texas Intermediate also fell 2.15% to $76.78 a barrel. – Lee Ying …

Hong Kong’s Hang Seng is down more than 3%, leading to sharp declines in the Asian trading session Read More »

Larry Summers has criticized UK tax cuts as ‘totally irresponsible’ and warns of possible transmission

Larry Summers Cameron Costa | CNBC LONDON – Former US Treasury Secretary Larry Summers warned on Tuesday that the United Kingdom had lost its sovereign credibility after the new government’s fiscal policy deteriorated markets. The British pound hit an all-time low against the dollar in the early hours of Monday morning, before recovering slightly on …

Larry Summers has criticized UK tax cuts as ‘totally irresponsible’ and warns of possible transmission Read More »

Asian markets traded higher as inflation in Japan approached an 8-year high; China keeps the benchmark lending rate unchanged

Technology and casino stocks in Hong Kong support the broader index Australia’s central bank says argument to boost slow rate hikes The RBA board members saw the case for the slowdown in the pace of interest rate increase becoming stronger, according to the minutes of the September 6 meeting, as it raised the interest rate …

Asian markets traded higher as inflation in Japan approached an 8-year high; China keeps the benchmark lending rate unchanged Read More »