US indices pulled back from their highs overnight as bond yields continued to scream higher as Fed officials maintained their hawkish rhetoric. Wednesday US cash market close: The Dow Jones Industrial fell -448.96 points (-1.29%) to close at 34,358.50 The S&P 500 index rose -55.37 points (2.51%) to close at 34,058.75 The Nasdaq 100 index […]
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Tokyo’s November CPI data pointed to resurgence of inflation pressures in Japan, raising expectations for BoJ to tighten policy further. Tokyo Core CPI, excluding food, climbed from 1.8% yoy to 2.2% yoy, beating expectations of Read more…
Headlines on Thursday revealed that Israel may have violated the recent Gaza ceasefire just one day after it began, with reports of tactical military actions targeting areas not included in the agreement. Meanwhile, OPEC+ postponed Read more…
The shift to a more services-based economy increases economy-wide depreciation rates, and so the need to invest. Higher average interest rates – and economy-wide profit shares – are among the likely results. An important reason Read more…