The ASX 200 trimmed its weekly gains to 0.8% after today’s close of 0.77%, with the biggest losses felt in the energy and technology sectors. ASX Small Ordinaries lost more than 1.1%, while gold shares also underperformed during the session. Energy stocks saw oil prices fall after a report highlighted growing U.S. crude supplies. Santos …
U.S. stocks rose sharply on Thursday, boosted by investor optimism that the Federal Reserve may have ended the cycle of Fed interest rate hikes that have strained the economy. The Dow Jones Industrial Average rose 565 points, an increase of 1.7%. At the same time, the S&P 500 Index, a broad measure of the performance …
Early forecasts suggest that property category renewals at 1.1 in most Asia-Pacific markets are likely to push risk-adjusted rates into the lower single-digit range, with expectations that most of the significant change will come from renewals in 2023. Sources he used Insurer all pointed to a more stable renewal on January 1, with only moderate …
The cautious market mood follows a flurry of quarterly earnings reports as investors consider the ECB’s next monetary policy moves on Thursday. ADVERTISEMENT European markets started the session in the red on Wednesday, while the FTSE 100 index remained unchanged in anticipation of a key decision by the European Central Bank (ECB) on interest rates. …
LAS VEGAS (KSNV) Either way, the September jobs report from the Nevada Department of Employment, Training and Rehabilitation (DETR) may seem a bit paradoxical. On the one hand, Nevada’s unemployment rate remains the highest in the country. On the other hand, 1.6 million Nevadans were working in September, more than ever in the state’s history. …
(Bloomberg) — U.S. corporate debt markets are showing early signs of weakness as rising yields and falling stock prices take their toll. Most read by Bloomberg Risk premiums, or spreads, on investment-grade corporate bonds rose to their highest level since June. In the junk bond market, where yields have risen to their highest level in …
In September, Texas’ total employment topped 14 million for the first time as the state’s job growth returned to a national high. Texas added 61,400 new jobs last month, the most since July 2022, bringing the state’s total job creation last year to nearly 436,000, the Texas Workforce Commission reported Friday. In the San Antonio-New …
Atlanta Federal Reserve President Raphael Bostic said Friday that he does not anticipate cutting interest rates earlier than 2024. “We’re going to have to be cautious, we’re going to have to be patient, but we’re also going to have to be decisive,” he told CNBC. Atlanta Federal Reserve President Raphael Bostic said Friday that he …