Economic events

Hang Seng, Shanghai Composite, Covid, oil

SINGAPORE — Greater China stock indexes led losses as Covid concerns resurge, while Asia-Pacific markets traded lower on Wednesday. Oil futures rose after plunging overnight. Hong Kong’s Hang Seng index slipped 1.37%, with heavyweights HSBC and CNOOC falling 3.93% and 5.58%, respectively. mainland China markets also declined. The Shanghai Composite shed 1.34%, and the Shenzhen …

Hang Seng, Shanghai Composite, Covid, oil Read More »

Adam Tooze, Crisis Historian, Has Some Bad News for Us

This article was featured in One Story to Read Today, a newsletter in which our editors recommend a single must-read from The AtlanticMonday through Friday. Sign up for it here. America and the world are living through what Adam Tooze, the internet’s foremost historian of money and disaster, describes as a “polycrisis.” As he sips …

Adam Tooze, Crisis Historian, Has Some Bad News for Us Read More »

Bonds flash recession warning light as key part of the yield curve inverts again

The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like the yield …

Bonds flash recession warning light as key part of the yield curve inverts again Read More »

Luxury car buyers pay more than ever as prices and loan costs rise

If you can even find a new car to buy, actually purchasing it is going to cost you. “It’s a really difficult time to buy a car,” said Jessica Caldwell, executive director of insights for Edmunds. Limited inventory due to a persistent shortage of computer chips, along with other supply-chain challenges, helped propel new car …

Luxury car buyers pay more than ever as prices and loan costs rise Read More »

Treasury yields tick higher as recession fears rattle market

US Treasury yields rose slightly on Tuesday as concerns about a potential economic recession continued to send investors in search of safety. At around 7:00 am ET, the yield on the benchmark 10-year Treasury note rose less than one basis point to 2.911%, while the yield on the 30-year Treasury bond rose marginally to 3.135%. …

Treasury yields tick higher as recession fears rattle market Read More »

US, UK, Europe, Japan will be in recession over next 12 months: Nomura

Thomas Calomiris, a third generation producing vendor, weighs an onion at Eastern Market as the US struggles with rising inflation May 20, 2022, in Washington, DC. Brendan Smialowski | AFP | Getty Images Many of the world’s leading outbreak will fall into a recession within the next 12 months as central banks move to aggressively …

US, UK, Europe, Japan will be in recession over next 12 months: Nomura Read More »

Stock futures inch higher after another losing week on Wall Street

Traders on the floor of the NYSE, July 1, 2022. Source: NYSE Stock futures inched higher in overnight trading after the major averages finished another losing week. Stock futures tied to the Dow Jones Industrial Average rose 18 points or 0.06%. S&P 500 futures inched 0.18% higher, and Nasdaq 100 futures added 0.43%. The moves …

Stock futures inch higher after another losing week on Wall Street Read More »

Stock futures are flat after another losing week on Wall Street

Traders on the floor of the NYSE, July 1, 2022. Source: NYSE Stock futures were flat in overnight trading after the major averages finished another losing week. Stock futures tied to the Dow Jones Industrial Average slipped 30 points or 0.11%. S&P 500 futures dipped 0.08%, and Nasdaq 100 futures fell 0.04%. The moves come …

Stock futures are flat after another losing week on Wall Street Read More »