NEW YORK: U.S. stocks fell on Friday, weighed down by a jobs report that showed a continued labor market slowdown but left traders uncertain about how far the Federal Reserve will go in cutting interest rates. All three main indexes were lower, with the 11 sectors of the benchmark S&P 500 losing ground led by … Read more
Nobel Prize-winning economist Joseph Stiglitz says the Federal Reserve should deliver a half-point interest rate cut at its forthcoming meeting, accusing the U.S. central bank of going “too far, too fast” with monetary policy tightening and making the inflation problem worse. His comments come ahead of Friday’s pivotal release of U.S. jobs data, with investors … Read more
People walk through a Manhattan mall on July 05, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like … Read more
Andreypopov | Istock | Getty Images Wall Street is gearing up for one of the most important economic releases of the year Friday, when the Labor Department puts out a jobs report expected to go a long way in determining the future of Federal Reserve policy. The Wall Street consensus is for nonfarm payrolls growth … Read more
A ‘Now Hiring’ sign posted on the window of a business looking to hire workers on May 05, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more
Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images A deeper interest rate cut from the Federal Reserve this month could spook financial markets and send the wrong message … Read more
A “Now Hiring” sign is displayed on a storefront in Adams Morgan Neighborhood on October 07, 2022 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
Foreign ownership of Indian government bonds has accelerated through August as decision-influencing US data and Federal Reserve commentary point toward a rate cut later this month, but are not alarming by themselves to trigger a risk-off sentiment on Wall Street and dent financial assets in the world’s fastest-expanding major economy. From July 31 to August … Read more
Global and Indian markets have been shining so far in 2024 with MSCI world up 13%, MSCI India increasing an impressive 21%, and small and midcap Indian indices almost 30%. For the remaining part of the year, global events would take centre stage as to how the equity market performs globally and headwinds seem more … Read more
The dollar climbed to a two-week top against the euro on Monday as traders pared bets for aggressive policy easing by the Federal Reserve with the focus now moving to a crucial U.S. jobs report at the end of this week. The dollar advanced to its strongest since Aug. 21 on the yen, buoyed by … Read more
