Nasdaq bets on best qtr since 2020, latest inflation data a boost

February PCE growth slows S&P 500 poised for second quarter in a row Indexes up: Dow 0.8%, S&P 0.9%, Nasdaq 1.3% NEW YORK, March 31 (Reuters) – The Nasdaq was set to post its biggest quarterly gain since June 2020, with US stocks moving higher on Friday as signs of cooling inflation bolstered hopes that … Read more

Wall St looks higher open ahead of inflation data as bank fears fade

Weekly jobless claims are up last week Faraday Future begins production of luxury EVs Roku benefits from plans to cut 200 jobs Futures Up: Dow 0.59%, S&P 0.61%, Nasdaq 0.68% March 30 (Reuters) – US stocks were set to open higher on Thursday as banking crisis fears eased as investor attention turned to key consumer … Read more

China has committed to economic opening and reforms, Premier Li says

BOAO, China, March 30 (Reuters) – China is determined to open up the world’s second-largest economy and implement reforms that can boost growth, Premier Li Qiang said on Thursday, adding that geopolitical tensions are hampering global development. would only hinder. Li’s remarks at an international business summit in the island province of Hainan are his … Read more

Canada boosts clean tech investment in budget to compete with US

OTTAWA, March 28 (Reuters) – Canada on Tuesday sought to close its competitive gaps with the United States with a budget aimed at attracting investment into the low-carbon economy, including tax breaks for electric vehicle (EV) manufacturers and expansion of the power grid. The 2023-2024 fiscal document, delivered to the House of Commons, also includes … Read more

Britain raises domestic threat level for Northern Ireland to ‘severe’

Level changed due to attacks on police officers Northern Ireland is hosting the 25th anniversary of the peace agreement The level was lowered last year for the first time in ten years LONDON, March 28 (Reuters) – Britain’s MI5 intelligence agency has raised the threat level in Northern Ireland from domestic terrorism to “severe”, meaning … Read more

Biggest strike in decades shuts down Germany

BERLIN/FRANKFURT, March 27 (Reuters) – Airports and bus and train stations across Germany shut down on Monday morning, causing disruption for millions at the start of the working week in one of the biggest strikes in decades as Europe’s largest economy teeters from inflation. The 24-hour strikes called by the Verdi trade union and the … Read more

As confidence in the banking sector faltered, central banks called for more

NEW YORK, March 26 (Reuters) – Some investors and analysts are calling for more coordinated interventions by central banks to restore financial stability as they fear the turmoil in the global banking sector will continue amid rising interest rates. After the collapse of two US lenders this month and the Swiss government-orchestrated takeover of troubled … Read more

Bank stress is pushing the US closer to recession, says Kashkari

WASHINGTON/FRANKFURT, March 26 (Reuters) – Stress in the banking sector is under close scrutiny due to its potential to trigger a credit crunch, a US Federal Reserve policymaker said on Sunday, while a European Central Bank official also suggested a possible credit tightening. . Authorities around the world are on high alert about the fallout … Read more

US considers more support for banks and gives time to First Republic – Bloomberg News

March 25 (Reuters) – US authorities are considering expanding an emergency credit facility that would provide more support to banks, in a bid to give First Republic Bank (FRC.N) more time to strengthen its balance sheet, Bloomberg News reported. on Saturday. All deliberations are in the early stages and an expansion of the Federal Reserve’s … Read more

Central banks continue to raise interest rates amid banking turmoil

March 23 (Reuters) – The Bank of England followed the Federal Reserve and the Swiss National Bank on Thursday in continuing rate hikes, saying the UK banking sector was strong enough to withstand the instability that rippled through markets this month. Relentless rate hikes to contain inflation are among the factors responsible for the worst … Read more