Pound Rises As UK’s PM Resigns; Yen Intervention Looms
The Pound gained after Liz Truss handed down her resignation at the parliament. Meanwhile, the Yen breached a critical price level of 150 against the...
Germany’s Investors’ Sentiment Dropped Below Anticipated
An economic research paper revealed that German investors are below optimistic given the current macroeconomic outlook. Furthermore, a sentiment report released in October revealed market...
Australia To Lift Rate Further To Keep Up With Global Trend
In a statement to pressmen, the Deputy Governor of the Reserve Bank of Australia said the bank expects to hike rates more. Essentially, this will...
Dollar Bounces, Sterling Slumps Over Negative CPI Data
The United States Dollar rose from a two-year low during Europe's trading session on Wednesday. In contrast, the Sterling slid following CPI data showing inflation...
US Stocks Waver As Treasury Yield Peaks At 14-year Height
Wednesday saw the United States stocks oscillate between losses and gains in the market. That followed the treasury yield hitting a fourteen-year high. The surge...
UK Market Disorder Could Nurture a Vicious Circle – France
The Governor of the French central bank, Francois Villeroy de Galhau, recently warned about the UK’s market crisis. He said the current turmoil reveals the...
UK Reverses Policy, Stocks Get Back
The UK government under the leadership of Prime Minister Liz Truss has pulled back on its planned unfunded tax cut. The stock markets have, therefore,...
US Does Not Expect Progress On Debt Matters This Week
The World Bank would meet with the International Monetary Fund this week to deliberate on debt issues. The US Treasury Secretary considers debt revision a...
BlackRock Shares Lose 16% While Bonds and Stock Markets Fall
Assets under the management of BlackRock Inc. have taken a hit. They dropped by 16% during the third quarter as the stocks and bond markets...
US Stocks Nosedived Ahead Of Giant Banks’ Earning Reveal
Four top banks in the United States are preparing to unveil their quarterly earnings. The report, which will drop later on Friday, should determine quarter...