Bank of America Corp. strategist Michael Hartnett — one of the most bearish voices on Wall Street last year — says investors should sell any rally in stocks as fund flows don’t yet reflect deep enough concern about a looming recession.
China’s move to lower the reserve requirement ratio for banks is a measure aimed at shoring up growth that’s unlikely to have much impact on the local currency, according to analysts.
Microsoft Corp. handed in formal antitrust commitments to European Union watchdogs probing its $69 billion plan to buy Activision Blizzard Inc., putting the onus on Britain’s merger watchdog to deliver a potentially decisive ruling on the deal.
Former Pakistan Premier Imran Khan vowed to turn up in court on Saturday after skipping hearings, potentially setting the scene for further political unrest in a country that’s at risk of a default.
Japan’s main labor unions won their biggest wage hike in decades amid historic levels of inflation, in results that could have implications for the Bank of Japan’s policy path.
A trio of hawkish European Central Bank policymakers came out in force to restate the case for hiking interest rates further, once financial-market volatility subsides.
(Bloomberg) — Economists predict the European Central Bank will stop raising interest rates before they reach 4% — a scenario that was widely expected and priced in by investors until just a week ago.
Sweden’s unemployment rate unexpectedly rose last month, putting at risk a housing market recovery after one of the worst property slumps globally.
Spreading the risk of financial contagion to achieve “a false sense of confidence” in First Republic Bank is “bad policy”, Pershing Square’s Bill Ackman said in a tweet.
Deribit, the largest Bitcoin and Ether options exchange, plans to launch futures contracts to facilitate Bitcoin volatility trading.
