Investing.com — The Federal Reserve’s upcoming November 6-7 meeting is likely to see a stronger stance from monetary policy hawks, Yardeni Research strategists said in a note, as September’s inflation data came in hotter than anticipated. This challenges the position of Fed Chair Jerome Powell and other dovish members of the Federal Open Market Committee (FOMC), who delivered a 50 basis point rate cut last month amid concerns about a slowing economy. Yardeni strategists note their credibility has been weakened, especially after the latest jobs report showed a further drop in the unemployment rate and record-high payrolls. “Today’s CPI data…
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HONG KONG (AP) — Asian stocks were mostly lower on Friday as Chinese markets declined as investors await a key briefing about the details of the upcoming stimulus plan this weekend.U.S. futures and oil prices were lower.Japan’s benchmark Nikkei 225 was up 0.6% and closed at 39,605.80. Australia’s S&P/ASX 200 dipped 0.1% to 8,214.50.Chinese stocks fell on Friday trading. The Shanghai Composite lost 2.9% to 3,025.31, and the CSI 300 Index, which tracks the top 300 stocks traded in the Shanghai and Shenzhen markets, gave up 3.2%.Hong Kong markets were closed Friday for a public holiday. On Tuesday, the index…
Image source: Getty Images There are plenty of great value opportunities on the FTSE 100 today but one UK share really jumps out: energy giant Centrica (LSE: CNA). The British Gas owner has baffled me for some time now. Basically, it’s incredibly cheap, with a trailing price-to-earnings (P/E) ratio of just 3.6. That’s a fraction of the FTSE 100 average of 15.4 times. It’s pretty much the lowest on the index. Centrica isn’t just cheap measured by its P/E. Its price-to-sales ratio stands at just 0.2. That means investors are paying 20p for each £1 of sales Centrica makes. Why…
STUTTGART (Reuters) – German sports car maker Porsche on Friday posted a 29% nine-month sales drop in China, joining peers BMW (ETR:) and Mercedes in reporting weaker results in the country. The slump in China, the world’s biggest car market, and the ongoing model revamp weighed on the overall result, with global sales falling by 7% to 226,026 units in January-September. Chinese consumers are increasingly reluctant to spend money on luxury goods because of faltering economic growth resulting from a real estate crisis in the country. Among models, its large-engine sports car Panamera and battery-electric sedan Taycan saw the biggest…
Image source: Getty Images Shares in Dividend Aristocrat Rio Tinto (LSE:RIO) have been falling. But a smart acquisition this week has caught my attention. The firm has announced an agreement to buy Arcadium Lithium – one of the world’s largest lithium mining producers. That’s put it on my list of stocks to buy. Renewable energy Like a lot of mining companies, Rio Tinto’s looking to focus on metals that will be important for the transition to renewable energy. The most obvious are copper and lithium. Rio Tinto does have copper operations. But its output in 2023 was lower than the…
Investing.com – Japan stocks were higher after the close on Friday, as gains in the , and sectors led shares higher. At the close in Tokyo, the rose 0.42%. The best performers of the session on the were Fast Retailing Co., Ltd. (TYO:), which rose 6.09% or 3,130.00 points to trade at 54,490.00 at the close. Meanwhile, Fujikura Ltd. (TYO:) added 5.53% or 286.00 points to end at 5,456.00 and Furukawa Electric Co., Ltd. (TYO:) was up 4.66% or 169.00 points to 3,792.00 in late trade. The worst performers of the session were Mitsubishi Estate Co Ltd (TYO:), which fell…
ByABC7 Chicago Digital Team Thursday, October 10, 2024 11:12PMThere was a downtown Chicago protest today. Pro-Palestinian protesters blocked off Barclays investment bank’s Loop site over its Israel investments.CHICAGO (WLS) — A group of pro-Palestinian protesters blocked off an entrance to a building in the Loop Thursday.They were protesting Barclay’s investments in Israel. The investment bank has an office inside the building at 190 S. LaSalle St.ABC7 Chicago is now streaming 24/7. Click here to watchChicago police arrested 12 people, but did not provide any additional information about the incident or those arrested.In a news release Thursday, the U.S. Palestinian Community…
A look at the day ahead in European and global markets from Tom WestbrookFriday’s session brought a cautious mood to the markets, ahead of a smattering of data and an uncomfortable weekend.China’s finance minister has called a fiscal policy briefing for Saturday against a backdrop of high expectations and jittery trade. Investors and, as of Thursday, Swedish furniture shop IKEA want fiscal stimulus to reinvigorate the economy.Markets are expecting Beijing to announce 2 trillion to 3 trillion yuan ($280-$420 billion) in new spending, and worries about whether it will deliver – after a similar disappointment from policymakers’ briefing early this…
Alexander Spatari | Moment | Getty ImagesLONDON — The U.K. economy grew 0.2% in August on a month-on-month basis, flash figures published by the Office for National Statistics showed Friday.Gross domestic product (GDP) came in line with the expectations of economists polled by Reuters, who had forecast growth of 0.2%.Britain’s economic growth was up 0.2% in the three months to August, compared with the 0.5% recorded in the three months to July.The U.K.’s dominant services sector showed slight growth of 0.1% in the month to August, while production and construction output rose by 0.5% and 0.4%, respectively.The country’s economy flatlined…
The implications of the survey, which asked 2,200 individual investors between the age of 25 and 75 with at least $25,000 to be invested, could be a boost for the nascent and growing class of crypto-focused ETFs, which are being marketed as a diversification tool for traditional investment portfolios of stocks and bonds. Source link