Manufacturing PMI 51.9 in March vs. 52.6 in February Non-manufacturing PMI rises at fastest pace in nearly 12 years BEIJING, March 31 (Reuters) – Chinese manufacturing activity expanded at a slower pace in March, official data showed on Friday, raising doubts about the strength of a post-COVID factory recovery amid decline in global demand and … Read more
Weekly jobless claims rise last week Faraday Future is ready to start production of luxury electric vehicles Roku wins on plans to cut 200 jobs Futures up: Dow 0.59%, S&P 0.61%, Nasdaq 0.68% March 30 (Reuters) – U.S. stocks were expected to open higher on Thursday as fears of a banking crisis subsided, while investors’ … Read more
March 23 (Reuters) – The Bank of England on Thursday followed the Federal Reserve and the Swiss National Bank in continuing to hike interest rates, saying Britain’s banking sector was strong enough to withstand the instability that caught on in the markets this month. Relentless rate hikes to curb inflation are among the factors responsible … Read more
March 22 (Reuters) – Last week’s banking sector turmoil had at least one silver lining for U.S. homebuyers: lower mortgage interest rates. Interest rates on America’s most popular home loan fell the most in four months last week after Silicon Valley Bank collapsed and emergency measures to shore up the broader banking system pushed investors … Read more
March 22 (Reuters) – A scramble by troubled U.S. lender First Republic Bank (FRC.N) for a capital injection on Wednesday rekindled concerns about the wider banking sector as authorities considered measures to further strengthen the financial stability. As recent market turmoil has eased, the Federal Reserve meeting later today is now a major concern for … Read more
Weekly jobless claims fall by 20,000 to 192,000 Continuing claims decrease by 29,000 to 1.684 million Single-family housing starts increase by 1.1% in February Import prices fall by 0.1%; down 1.1% year-on-year WASHINGTON, March 16 (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, indicating continued … Read more
March 16 (Reuters) – Credit Suisse (CSGN.S) said on Thursday it would borrow up to $54 billion from the Swiss central bank to bolster liquidity and investor confidence, after a slump in its equities has intensified fears of a global banking crisis. The bank’s announcement, which came in the middle of the night in Zurich, … Read more
February Retail Sales, Lower Producer Inflation Credit Suisse US shares hit all-time low Shares of regional banks fall NEW YORK, March 15 (Reuters) – U.S. stocks pared losses on Wednesday evening but the Dow Jones and S&P 500 still closed lower as Credit Suisse problems rekindled fears of a banking crisis, eclipsing bets on a … Read more
February CPI in line with expectations Regional banks rebound Meta rises on more layoff plans Indices up: Dow 1.06%, S&P 1.68%, Nasdaq 2.14% NEW YORK, March 14 (Reuters) – U.S. stocks rebounded on Tuesday as inflation data broadly in line with target and easing contagion fears in the banking sector dampened expectations for the magnitude … Read more
https://tmsnrt.rs/2zpUAr4 US authorities act to stabilize banks Markets speculate on less aggressive Fed hikes Short-term Treasury yields fall, Fed futures jump SYDNEY, March 13 (Reuters) – U.S. stock futures rallied in Asian trade on Monday as authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB), while investors were betting … Read more
