STX

Britain’s tax slump sent stocks and sterling rebounding

Britain scrapped a small part of the tax plan; relieved markets The Reserve Bank of Australia surprises with a slight rise VIX height; Credit Suisse’s slipping point into the nerves below it SYDNEY (Reuters) – Asian stocks rebounded on Tuesday after Britain scrapped parts of a controversial tax-cut plan, leading to an initial improvement in …

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Oil settles lower after hitting $90 a barrel as OPEC+ considers production cuts

OPEC+ starts talks on production cuts at Oct 5th meeting – OPEC source Russia proposes that OPEC + cut production by one million barrels per day – source US markets are dragged down by the Fed’s aggressive moves to tame inflation US production resumes after being halted due to Hurricane Ian NEW YORK (Reuters) – …

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Fed criticizes Fed ‘situation’ as market pain recedes to fight inflation

WASHINGTON, Sept. 28 (Reuters) – In the month since Federal Reserve Chairman Jerome Powell took a hawkish stance on inflation, stocks have suffered compounding losses, fissures have opened in global currency markets, and safer US government debt returns have emerged. It jumped to its highest levels since the dark days of the financial crisis nearly …

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Wall Street fears it will continue with UK intervention to cool bonds

US stocks changed little after hitting new lows on Tuesday Global stocks battle some losses, while UK bonds rise The Bank of England says it will intervene in the bond market Oil prices are rising due to Hurricane Ian (Reuters) – U.S. and global stocks did little on Wednesday to recover from new lows, even …

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S&P 500 drops to two-year low as bear market deepens

The Standard & Poor’s 500 hit its lowest level since November 2020 Utilities and consumer discretionary sectors lead to decline Investors are concerned about shrinking corporate earnings growth Indices: Dow -0.74%, S&P 500 -0.57%, Nasdaq -0.24% (Reuters) – Wall Street sank deeper into a bear market on Tuesday, with the S&P 500 hitting a two-year …

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Wall Street’s eyes opened high, sterling rose as bears licked their wounds

Register now to get free unlimited access to Reuters.com Register The dollar is retreating from a 20-year high reached on Monday German 10-year bond yields are near 11-year highs Oil rises from nine-month lows on Monday LONDON (Reuters) – U.S. stock index futures pointed to an open rally on Wall Street and the pound rebounded …

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Wall St Week Ahead Investors are wondering when the sell-off in US stocks will end

A specialist trader operates at the New York Stock Exchange (NYSE) in New York City, US, September 22, 2022. REUTERS/Brendan McDermid Register now to get free unlimited access to Reuters.com Register NEW YORK (Reuters) – A week of heavy selling has rocked US stocks and bonds, and many investors are bracing for more pain ahead. …

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The dollar rose to a two-decade high as Putin shook the FX market ahead of the Fed

Register now to get free unlimited access to Reuters.com Register The dollar index is at its highest level in two decades The euro fell to its lowest level in two decades Putin announces partial mobilization of troops for Ukraine Markets Gauge Fed Tightness at Powell’s Briefing LONDON/NEW YORK (Reuters) – The dollar surged on Wednesday …

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