Stocks fall while US crude prices rise on the hope of China

Wall Street stocks, MSCI World Index in red Oil prices rebounded on China’s hopes The dollar is making some progress in a volatile session 10-year US Treasury yields rose NEW YORK/LONDON (Reuters) – Wall Street lost ground on Tuesday as investors awaited guidance on the Federal Reserve’s rate hike path, while U.S. oil futures settled … Read more

The Italian government approves the 2023 budget of 35 billion euros to boost the economy

The budget finds more than 21 billion euros to tame energy bills Additional energy company profits are taxed at 35%. Includes amnesty for tax arrears, lowering the retirement age Relaunching a bridge project linking Sicily with the mainland ROME (Reuters) – Italy’s new right-wing government approved its first budget on Tuesday, a package focused on … Read more

Asia stocks pause as Fed warns of glut Federal Reserve Chairman Waller underestimates the CPI as just a single number Beijing offers property support, COVID steps Biden will meet with Xi at the G20 meeting SYDNEY (Reuters) – Asian stock markets took a breather on Monday after a massive rally last week as a major US central bank warned investors not to … Read more

Lula’s honeymoon ends with Brazilian markets amid concerns over spending plan

BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva’s short honeymoon with financial markets appeared to be over on Thursday, as he sought to create more room to increase social spending without setting long-term fiscal rules or naming top economic policy makers. . Brazil’s currency and the Bovespa stock exchange benchmark (.BVSP)Which rose last … Read more

The Bank of England has historically raised interest rates despite ‘extremely tough’ expectations.

By David Milliken and Andy Bruce LONDON (Reuters) – The Bank of England raised interest rates to 3% on Thursday from 2.25%, the largest rate increase since 1989 as it warned of an “extremely tough” outlook for the economy. The central bank expects inflation to reach a 40-year high of around 11% this quarter, but … Read more

European debt market pressures force some governments to rewrite trading rules

Oct 31 (Reuters) – Some euro zone countries have relaxed rules for banks that handle the circulation of their government debt to help them weather some of the toughest market conditions in years, officials told Reuters. Of the 11 major eurozone debt agencies contacted by Reuters, officials in the Netherlands and Belgium told Reuters they … Read more

Jeremy Hunt statement: New UK finance minister scraps tax plan, increases energy subsidies

Hunt reins in the extensive energy subsidy program Hunt reflects nearly every tax cut gear plan Announcement two weeks before the scheduled date The pound is rising against the dollar Bond prices rise in early London trading LONDON (Reuters) – New Chancellor of the Exchequer Jeremy Hunt sought on Monday to rebuild investor confidence in … Read more

The US Treasury is asking major banks to buy back bonds

(Reuters) – The US Treasury is asking major dealers in US Treasuries whether the government should buy back some of its bonds to improve liquidity in the $24 trillion market. Liquidity in the world’s largest bond market has deteriorated this year in part due to increased volatility as the Federal Reserve rapidly raises interest rates … Read more

European stocks struggle for direction, sterling recovers after Bank of England warning

LONDON (Reuters) – European shares were flat in early trade on Wednesday, while sterling rebounded after hitting a 13-day low overnight, as the Bank of England reiterated it would end emergency bond purchases at the end of the week. . Global stock markets have fallen sharply in recent days, weighed down by mounting concerns about … Read more

British market defeat fuels contagion fears around the world

NEW YORK/LONDON (Reuters) – The scale and speed of British asset sales have rattled global markets, raising contagion concerns as chaos in a major advanced economy adds to anxiety already generated by sharp interest rate hikes. United States and elsewhere. After the UK’s mini-budget on Friday, which recorded 45 billion pounds ($48 billion) in unfunded … Read more