A look at the day ahead in European and global markets from Kevin Buckland Chinese property stocks and Japanese government bonds put on a two-ring show in Asia to start the global day on Tuesday, setting the tone for Europe. The Hang Seng’s property index kicked off trading by dropping as much as 2.6% to …
Marketmind: China developers catch break, BOJ hawks take flight Read More »
By Sarupya Ganguly BENGALURU (Reuters) – The benchmark U.S. 10-year Treasury note yield has peaked in the current cycle, according to a majority of bond strategists polled by Reuters, although most said their conviction around that prediction was weak. Despite yields rising over the past few months, analysts in a Reuters Sept. 5-11 poll held …
Bond strategists stand ground, say U.S. Treasury yields have peaked: Reuters poll Read More »
By Sri Hari N S and Manya Saini (Reuters) -Klaviyo is seeking a fully-diluted valuation of up to $8.4 billion in its initial public offering (IPO) in the United States, the marketing firm said on Monday, as it becomes the latest company to tap a growing wave of stock market listings. SoftBank-backed chip designer Arm …
Marketing firm Klaviyo eyes up to $8.4 billion valuation in US IPO Read More »
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s Consumer Price Index (CPI) likely rose 11.8% in August, which would be the highest monthly figure since 1991, according to a Reuters poll of analysts on Monday, after a sharp devaluation of the local peso currency last month. The country’s government devalued the currency by nearly 20% …
Argentina August inflation forecast at highest since 1991 Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -If Federal Reserve officials want U.S. financial conditions to tighten enough to cool the economy and inflation without triggering a deep recession, they’re getting a strong helping hand right now from the dollar. The dollar is at a six-month high and has surged 5.5% since mid-July. That rip higher …
Mighty dollar shares in Fed’s heavy lifting: McGeever Read More »
LONDON (Reuters) -It’s a packed week ahead for markets with the European Central Bank holding a crunch meeting on whether or not to hike rates again as the economy falters, while the United States releases latest inflation numbers. Rising oil prices could re-ignite angst about price pressures. Key UK jobs data and a G20 summit, …
By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Amy Zhang used to buy branded fashion from shopping malls, but China’s economic uncertainty has driven the 35-year-old teacher, and other middle-class Chinese like her, to shop at one of Beijing’s most famous wholesale markets. Daliushu Guanxin, a sprawling compound of thousands of stalls selling …
More Chinese seek bargains at Beijing market as confidence in economy wanes Read More »
By Yoruk Bahceli and Stefano Rebaudo (Reuters) – For a year European Central Bank interest rate hikes were a done deal for markets, but that phase is over with investors struggling to gauge the outcome of Thursday’s policy meeting. That’s because price pressures are too sticky for comfort, while economic activity is now slowing sharply. …
(Reuters) – Grocery delivery service Instacart is targeting a valuation between $8.6 billion and $9.3 billion in its initial public offering, according to a person familiar with the matter. The valuation range will be disclosed in an updated IPO regulatory filing on Monday, the source said on Sunday Instacart declined to comment. The Wall Street …
Instacart to target valuation of up to $9.3 billion in IPO -source Read More »
By Yousef Saba and Rachna Uppal DUBAI (Reuters) -Saudi Arabia faces the risk of an economic contraction this year following its decision to extend crude production cuts, highlighting its still heavy reliance on oil as reforms to diversify are slow moving. Riyadh says it aims to stabilise the oil market by extending a voluntary oil …
Oil cut extension raises risk of Saudi economic contraction this year Read More »
