Fidelity, Hedge Funds Buy Brazil Stocks as Outlook Brightens
Investors are buying the dip in Brazil’s stock market as the nation’s hyper-aggressive central bank warms to the idea of easing painfully high interest rates.
Investors are buying the dip in Brazil’s stock market as the nation’s hyper-aggressive central bank warms to the idea of easing painfully high interest rates.
The European Union introduced a set of measures against Kosovo over a failure to lower tensions in the north of the country after violence erupted last month.
European natural gas resumed its rally as the market tightens amid supply outages and prolonged hot weather.
Federal Reserve policymakers are poised to pause their hiking of interest rates for the first time in 15 months, while retaining a tightening bias that signals a possible resumption of moves as soon as next month.
A Cameroon court ordered banks used by South Africa’s MTN Group Ltd. to transfer its funds into escrow over a dispute the wire carrier says it has nothing to do with, marking an escalation of a conflict that had already frozen MTN’s access to local accounts.
Traders are continuing to tweak their expectations for US interest rates as the Federal Reserve meets and have now begun to anticipate the central bank’s policy rate peaking in September rather than July.
Emmanuel Macron plans to meet with Elon Musk on Friday as the French president seeks to convince the head of Tesla Inc. to build a factory in France.
US health insurers plunged Wednesday after comments from a UnitedHealth Group Inc. executive triggered concerns about rising costs. Device makers and hospital chains, meanwhile, were bolstered by the remarks.
It’s time to exit the “cash trap” of money market funds and move into bonds as the Federal Reserve is set to pause its rate-hike campaign and then cut as soon as September, according to Wall Street veteran Bob Michele.
Sweden may not win Turkey’s support to join the North Atlantic Treaty Organization next month as the country’s new anti-terror law is failing to crack down on Kurdish militants, Turkish President Recep Tayyip Erdogan said.