European stocks up 0.45%, US S&P futures flat Most inverted U.S. yield curve since 1981 Brent at 4-week low LONDON/SYDNEY, Nov 18 (Reuters) – Global stocks were heading for a 1% loss for the week on Friday, drifting off recent two-month highs after U.S. Federal Reserve officials fired fresh warning shots at interest rates, while …
Global stocks eye 1% weekly loss, US yield curve points to recession Read More »
BENGALURU, Nov 18 (Reuters) – The Federal Reserve will downgrade in December to propose a 50 basis point interest rate hike, but economists polled by Reuters say a longer period of U.S. central bank tightening and a higher policy rate peak are the biggest risks to the current outlook. U.S. consumer price inflation unexpectedly fell …
The Fed will raise rates by 50 basis points, but the key rate could be higher Read More »
(Bloomberg) – Alibaba Group Holding Ltd. reported a surprise loss after quarterly revenue barely rose as China’s rigid Covid controls continue to depress consumer sentiment. Bloomberg’s Most Read China’s e-commerce leader reported a net loss of 20.6 billion yuan ($2.9 billion) against forecasts of a profit of almost the same amount, after writing down the …
Alibaba posts surprise loss as China’s Covid restrictions take their toll Read More »
China announced last week a shortening of its quarantine requirements, while simplifying travel rules and adjusting its surveillance regime. The news raised hopes that the country could soon materially roll back its draconian Covid restrictions, widely considered the toughest in the world. China has remained firm on its zero Covid policy even as countries around …
China relaxes its Covid measures. Here’s how market pros play it Read More »
The city of Guangzhou, in the southern province of Guangdong, is the hardest hit by the latest Covid outbreak. Pictured are shops closed in part of the city on October 31, 2022. CGV | Visual Group China | Getty Images BEIJING — Covid infections are rising in the capital of China’s export-heavy province of Guangdong, …
Covid outbreak worsens in south China’s city of Guangzhou Read More »
UPDATE with comments from the conference call: AMC Entertainment CEO Adam Aron has ignored Covid, streamers and windows as real exposure issues right now, saying the biggest challenge facing the industry “above all else is that exhibitors cinemas need more films”. “At this point, there’s only one topic that should be … on the tip …
Apple expects lower shipments of iPhone 14 Pro and Pro Max Apple says factory in China is operating at greatly reduced capacity Apple supplier Foxconn revises down its outlook for the fourth quarter TAIPEI, Nov 7 (Reuters) – Apple Inc (AAPL.O) expects shipments of high-end iPhone 14 models to fall from what was expected following …
Apple warns of falling iPhone shipments as COVID curbs Chinese factory Read More »
This electron microscope image made available and color-enhanced by the National Institute of Allergy and Infectious Diseases Integrated Research Facility in Fort Detrick, Md., shows virus particles of the novel coronavirus SARS-CoV-2, orange, isolated from a patient. PA Editor’s note: This article has been updated to remove a paragraph referring to a separate study conducted …
HONG KONG, Nov 2 (Reuters Breakingviews) – Tuesday’s rally in Chinese stocks may have been based on rumours. But in the offshore markets, the discount on the value offered is so extreme that it makes betting on false hopes less risky than it would otherwise be. The Hang Seng Index (.HSI) closed 5% higher on …
Breakingviews – Chinese investors are desperate for the bottom of the market Read More »
