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Bonds crater, 10-year yield spikes briefly above 4.5% in confounding move that’s worrying Wall Street
The bond market — not a plunging stock market — is the talk of Wall Street with prices tumbling and yields spiking, unusual action during times when fears of a recession are growing where fixed income...
Global bond rout starting to sound market alarm bells
U.S. Treasuries, the bedrock of the global financial system, were hit by fresh selling pressure on Wednesday in a sign that investors were dumping their safest assets as turmoil unleashed by U.S. tari...
Global ratings agency Fitch on Thursday downgraded China's long-term foreign currency credit rating to 'A' from 'A+', on expectations of weak public finances and rapidly rising debt.
The latest U.S. r...
JPMorgan becomes the first Wall Street bank to forecast a US recession following Trump's tariffs
JPMorgan believes the US economy will enter a recession in the back half of 2025 as the impact of President Trump tariffs takes hold in the economy. The firm's chief US economist Michael Feroli sees a...
Dow Opens Sharply Lower, Bonds Rally After China Retaliates Against Trump Tariffs
China lashed back at President Trump’s tariffs, applying 34% levies on all imported goods from the U.S. Beijing said the levies would come into effect next Thursday, the day after a big part of Trump’...
FinTech IPO Index Plunges 11.7% Amid Broad-Based Market Rout
There was nowhere to run this week for investors seeking to escape a market rout that came on like a tidal wave, crashing down Thursday. Tariffs, of course, dominated, and once they were real, as of W...
European shares plummet after China slaps retaliatory tariffs on U.S.; Defense stocks fall as NATO chief touts regional security splurge
European stock markets continued to tumble on Friday, with investors still reeling from the scale of U.S. tariffs announced this week. The regional Stoxx 600 index was down 4.4% at 1:04 p.m. in London...
HEDGE FLOW Hedge funds rush to cut Asia exposure ahead of US tariff announcement
Hedge funds dumped stocks and lowered leveraged positions in Asian markets last week, data from Morgan Stanley shows, pointing to their defensive stance before U.S. President Donald Trump's announceme...
Stablecoin operator Circle files for IPO as revenues jump to $1.7bn
Circle Internet, the US group behind the world’s second-largest stablecoin, has filed to list in New York, the first major cryptocurrency company to try for an initial public offering since President ...
Australia central bank highlights global risks as it keeps rates steady at 4.1%
Inflation has stayed within the bank’s target range since August 2024, and prompted the RBA to cut rates in February. The central bank said it was “cautious” about its outlook, pointing out that recen...