Fed Chair Powell is having trouble communicating with the market

No matter what Federal Reserve Chairman Jerome Powell says to market participants these days, they seem to only hear good things. Two recent examples: The first was in July, when Powell hinted that a rate hike might be on the way. The second was last week, when the central bank chief appeared to confirm that … Read more

Hong Kong stocks rose significantly ahead of China’s Covid presser index

India’s central bank raises interest rates by 35 basis points, in line with expectations The Reserve Bank of India raised 35 basis points after its policy meeting in December, pushing interest rates to 6.25%. This follows an increase of 50 basis points in September. Inflation eased to 6.77% in October this year on an annual … Read more

European markets, stocks, data, news and earnings

Stocks on the Go: SBB Up 13%, Rational Down 8% Swedish real estate company SBB Its shares were up 13% in the late afternoon, gaining from their previous increases, after showing its pro forma earning capacity for 2023 following the divestiture of shares in education unit EduCo. At the bottom of the index is the … Read more

Warner Bros. Discovery has approached Max’s choice of name for the HBO Max replacement

In this photo illustration, the Warner Bros. logo is shown. Discovery On the smartphone screen and in the background, the HBO Max and Discovery Plus logos. Rafael Henrique | Light Rocket | Getty Images Discovery Warner Brothers The executives are close to formalizing a new name and platform for the soon-to-be-launched streaming service that will … Read more

Car parking has become as important as cars in climate change efforts

Vcg | China Optical Group | Getty Images It’s not just cars that will go through the energy transition in the coming years. Parking lots where electric vehicles are recharged are a growing focus of construction efforts linked to climate change and carbon abatement. A law approved in France last month requires that car parks … Read more

European markets are open for the close as investors react to the US jobs data

Defensive sectors such as healthcare and defensive regions such as Switzerland are good bets, says the wealth manager at Credit Suisse Defensive sectors such as healthcare and defensive regions such as Switzerland are good bets, says the wealth manager at Credit Suisse. Credit Suisse’s Director of International Wealth, Nanette Hechler-Waidherbe discussed the markets on CNBC’s … Read more

South Korea inflation, US jobs report, COVID-19 in China

India is poised to become the third largest economy by 2030 India is expected to overtake Japan and Germany to become the third largest economy in the world. Standard & Poor’s Worldwide Morgan Stanley predicted in a report. The S&P forecast is based on the expectation that India’s average annual nominal GDP growth will be … Read more

European markets closed higher at the end of November

HSBC closes 114 branches in the UK and is considering selling its New Zealand business HSBC has announced plans to close 114 of its UK branches as it tries to improve returns after criticism from a major investor. The bank also announced a possible sale of its New Zealand business. Retail banks are under increasing … Read more

Factory activity data in China missed expectations. Asia Pacific markets are mostly higher

Factory activity in China came in below expectations, contracting for the second straight month Official manufacturing in China Purchasing Managers Index For the month of November it came in at 48, below the 50-point mark that separates growth from contraction. This is lower than the forecast of analysts polled by Reuters, who had expected a … Read more

European markets are watching changes in China’s Covid policy

Bank of England governor says UK gold market ‘not going back to normal’ The UK gold market is “not getting back to normal” yet Bank of England intervention on Sept. 28, according to Gov. Andrew Bailey, who spoke before the Committee of Lawmakers on Tuesday. The governor said the bank did not want to buy … Read more