Currencies
Because of extraordinary government support, the notes are set for a complete writedown and were quoted at prices of a few cents on the dollar on Monday. The Bloomberg Dollar Spot Index was little changed, leading to mixed trading among Group-of-10 currencies. The U.S. dollar steadied, while gold prices slipped. The dollar steadied, while gold slipped. FOMO worries Trillion-dollar investment groups including Franklin Templeton, Invesco and JPMorgan Asset Management fear missing out on the next big rally.
Diverging Europe | Britain s underlying price pressures are set to diverge with those in the euro zone.
Diverging Europe | Britain s underlying price pressures are set to diverge with those in the euro zone.
Metals
Gold fell and oil rose, while Bitcoin retreated for the first time in nearly a week.
Oil
Oil rose, extending recovery from a 15-month low price. Russia jumps above Saudi Arabia as China s biggest oil supplier.
United States
They re convinced that an impending slowdown in the US and elsewhere will prompt central banks to switch back to looser policy, triggering a renewed surge higher in markets. They re convinced an impending slowdown in the US and elsewhere will prompt central banks to switch back to looser policy, triggering a renewed surge higher in markets. BEFORE THE BELL Wall Street futures edged higher, with investors taking heart from the rescue of Credit Suisse while waiting for the Federal Reserve’s next monetary policy decision.
Wall Street futures gained, with investors taking heart from the rescue of Credit Suisse while waiting for the Federal Reserve’s next monetary policy decision. Today we look at the Fed s tough choice on Wednesday, the health of China s consumer, and whether the Bank of Japan will miss the global tightening cycle. Of course, beyond what’s been happening with the banks, the rates world has been absolutely rocked, with this massive repricing of the Fed outlook.
Musk wants Fed rate cut, Ackman seeks pause amid banking crisis. Earnings include Nike, Tencent Music and GameStop.Tune in this Wednesday for the Instant MLIV Pulse survey after the Fed rate decision, starting at 2:45 p.m. New York time. For the Fed, traders were betting on another 110 basis points of hikes before the troubles at Silicon Valley Bank escalated. At 11:30 a.m., the US will sell $34 billion of 52-week bills and later at 1 p.m., $12 billion of 20-year bonds.
Wall Street futures gained, with investors taking heart from the rescue of Credit Suisse while waiting for the Federal Reserve’s next monetary policy decision. Today we look at the Fed s tough choice on Wednesday, the health of China s consumer, and whether the Bank of Japan will miss the global tightening cycle. Of course, beyond what’s been happening with the banks, the rates world has been absolutely rocked, with this massive repricing of the Fed outlook.
Musk wants Fed rate cut, Ackman seeks pause amid banking crisis. Earnings include Nike, Tencent Music and GameStop.Tune in this Wednesday for the Instant MLIV Pulse survey after the Fed rate decision, starting at 2:45 p.m. New York time. For the Fed, traders were betting on another 110 basis points of hikes before the troubles at Silicon Valley Bank escalated. At 11:30 a.m., the US will sell $34 billion of 52-week bills and later at 1 p.m., $12 billion of 20-year bonds.
China
Yesterday, Putin praised Beijing s peace proposals, which have been rejected by Ukraine s allies, ahead of one-on-one talks between the two leaders. (Many are no doubt waiting to ask Ernie what it thinks of Xi Jinping s leadership.)
Europe
Hungary blocked European Union member states from issuing a joint statement about the international arrest warrant against Putin, sources say. Energy Fallout | The EU proposed extending its target of reducing gas demand by 15% through next winter as it adjusts to lower Russian supplies. ECB supervisory chief Andrea Enria appears before the European Parliament s economic committee. Macron government survives no-confidence votes over pensions.
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