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  • Fed's Mester On Board With November Taper, 2022 Rate Rise

    Federal Reserve Bank of Cleveland leader Loretta Mester said Friday she supports the U.S. central bank beginning the process of slowing its bond buying stimulus effort starting at the next monetary policy meeting. "In my view, the economy has met those conditions, and I support starting to dial back our purchases in November and concluding them over the first half of next year," Ms. Mester said in the text of a speech.

  • FTSE Falls, Retail Sales Slow as Pandemic, Brexit Weigh

    UK Retail Sales Slow as Pandemic, Brexit Weigh. U.K. retail sales rose at the weakest pace since March 2021 in the year to September as supply and labor shortages caused by the coronavirus pandemic and the U.K.' s exit from the EU weighed, a survey showed. Internet sales growth slowed in the year to September and growth in orders placed with suppliers also eased, according to the latest Confederation of British Industry monthly distributive trades survey of 126 companies, including 45...

  • EUROPEAN MIDDAY BRIEFING: Stocks Fall as Evergrande Payment Deadline Passes

    European stocks were lower Friday as bond yields continued to rise and investors kept an eye on troubled real estate giant China Evergrande headed into the weekend. Stocks had enjoyed two strong days of gains following the Federal Reserve's policy meeting on Wednesday, as markets seemed to welcome a delay to the start of tapering and ignored the hawkish undertones of the central bank's outlook. But a delayed taper tantrum appeared to show up for bonds on Thursday, as yields shot...

  • North American Morning Briefing: Stock Futures Weaken After Evergrande Payment Deadline Passes

    New Home Sales for August; Kansas City Southern special meeting of shareholders to vote on acquisition by Canadian National Railway. Stock futures wavered and bond yields ticked up to multi-month highs, as uncertainty lingered about the future of heavily indebted property giant China Evergrande Group. "There has been a growing feeling that there is a pullback waiting," said Seema Shah, chief strategist at Principal Global Investors.

  • News Highlights: Top Global Markets News of the Day

    Stock Futures Weaken After Evergrande Payment Deadline Passes. U.S. stock futures wavered and bond yields reached multi-month highs as uncertainty lingered about the future of indebted property giant China Evergrande. Evergrande Bondholders Await Update on Key Interest Payment.

  • IMF Calls for Lending Clamps to Cool Australia's Housing Price Surge

    SYDNEY--The International Monetary Fund has added to calls for regulatory steps to be taken to cool surging house price growth in Australia, warning of building "incipient risks" in the market. In an Article IV discussion paper, the IMF said so-called macroprudential policy should be tightened to address gradually rising financial stability risks. "High debt-to-income mortgages are on the rise amid elevated household debt, and investor demand has begun to increase from low...

  • Indian Morning Briefing: Asian Markets Mostly Higher Amid Focus on China Evergrande

    GLOBAL MARKETS DJIA 34764.82 506.50 1.48% Nasdaq 15052.24 155.40 1.04% S&P 500 4448.98 53.34 1.21% FTSE 100 7078.35 -5.02 -0.07% Nikkei Stock 30169.83 530.43 1.79% Hang Seng 24522.65 11.67 0.05% Kospi 3125.40 -2.18 -0.07% SGX Nifty* 17845.00 16 0.09%* Sept contract USD/JPY 110.36-37 +0.03% Range 110.42 110.25 EUR/USD 1.1738-41 +0.01% Range 1.1749 1.1736 CBOT Wheat Dec $7.176 per bushel Spot Gold $1,748.99/ oz 0.3% Nymex Crude $73.19 $0.96 U.S. The Dow Jones Industrial...

  • ICE Review: Canola Posts Solid Gains

    WINNIPEG, Manitoba--The ICE Futures canola market was stronger on Thursday, underpinned by solid demand and gains in outside markets. European rapeseed and Malaysian palm oil futures both set fresh contract highs overnight. Chicago Board of Trade soyoil futures were also stronger.

  • Front Month ICE Brent Crude Rose 1.39% to Settle at $77.25 -- Data Talk

    Front Month ICE Brent Crude for Nov. delivery gained $1.06 per barrel, or 1.39% to $77.25 today. --Up for three consecutive sessions. --Up $3.33 or 4.50% over the last three sessions.

  • Front Month Nymex Crude Rose 1.48% to Settle at $73.30 -- Data Talk

    Front Month Nymex Crude for Nov. delivery gained $1.07 per barrel, or 1.48% to $73.30 today. --Up for three consecutive sessions. --Up $3.01 or 4.28% over the last three sessions.

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