Weekly claims for unemployment benefits in the United States hit a five-month low; darkening of the economic picture

Weekly claims for unemployment benefits drop from 16,000 to 193,000 Continuing receivables decreased from 29,000 to 1,347 million Second quarter GDP contraction not revised at the rate of 0.6%. Gross domestic income revised downwards towards GDP WASHINGTON, Sept. 29 (Reuters) – The number of Americans filing new jobless claims last week has fallen to a … Read more

The door slams on the Fed’s “put” as the pain of the market takes a back seat to the fight against inflation

WASHINGTON, Sept. 28 (Reuters) – In the month since Federal Reserve Chairman Jerome Powell established a hard line on inflation, stocks have taken double-digit losses, opened gulfs in global currency markets, and safer US government debt yields have it has risen to its highest levels since the dark days of the financial crisis nearly a … Read more

Wall Street rebounds to lows as the UK steps in to calm bonds

US stocks rebounded Wednesday after hitting new lows on Tuesday British gilts are roaring higher with the intervention of the Bank of England The US dollar breaks record gains Oil prices rise on hurricane Ian cuts September 28 (Reuters) – US and global equities staged a slight rally on Wednesday as the Bank of England … Read more

The gas crisis lands the LNG cargo market in the hands of the energy giants

LONDON / SINGAPORE, Sept. 27 (Reuters) – The surge in LNG commodity prices has driven out dozens of small traders, concentrating business in the hands of a handful of international energy majors and major global trading firms. This grip is not expected to ease until 2026, when more liquefied natural gas (LNG) begins to materialize … Read more

Take Five: the intervention clock is here

The Japanese yen and US dollar banknotes are visible in this illustrative photo taken on 23 September 2022. REUTERS / Florence Lo / Illustration Register now for FREE unlimited access to Reuters.com Sign in LONDON, 23 Sept. (Reuters) – The yen is in the market spotlight after the Bank of Japan stepped in to buy … Read more

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

A specialist trader works on the floor of the New York Stock Exchange (NYSE) in New York City, USA, September 22, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Reuters.com Sign in NEW YORK, Sept. 23 (Reuters) – A week of heavy selling has rocked US equities and bonds, and many … Read more

Stocks plummet to a 2-year low as the reality of rates bites

A man stands in front of a billboard showing the exchange rate of the Japanese yen against the US dollar outside an intermediary, after Japan intervened in the currency market for the first time since 1998 to support the battered yen, a Tokyo, Japan, September 22, 2022. REUTERS / Kim Kyung-Hoon Register now for FREE … Read more

Wall Street closes for a third day as growth fears weigh on technology

Register now for FREE unlimited access to Reuters.com Sign in Tech stocks drop following the Fed’s latest rate move Investors worried about the possibility of a recession Darden Restaurants loses quarterly sales JetBlue has its lowest close since March 2020 Downward Indices: Dow 0.35%, S&P 0.84%, Nasdaq 1.37% Sep 22 (Reuters) – Major Wall Street … Read more

The US job market is resilient as signs of recession strengthen

Weekly claims for unemployment benefits increase from 5,000 to 213,000 Continuous requests drop from 22,000 to 1,379 million WASHINGTON, Sept. 22 (Reuters) – The number of Americans filing new jobless claims increased moderately last week, indicating the labor market remains tight despite the Federal Reserve’s attempt to cool demand with aggressive hikes. interest rates. The … Read more

Yen holdings after Japan supports the currency for the first time since 1998

Register now for FREE unlimited access to Reuters.com Sign in “We have taken decisive action,” says the Japanese deputy finance minister Dollar / yen has the widest spread between the daily high and low since 2016 Pound, Swiss franc and Norwegian krone slide after a slight rate hike The dollar reaches a new multi-year high … Read more