Ratings agency Moody's on Friday raised Hungary's sovereign credit rating to 'Baa2' from 'Baa3', saying its economic resilience is underpinned by the strong growth rebound throughout the first half of 2021.
- Subtropical Storm Teresa formed north of Bermuda on Friday, the U.S. National Hurricane Center said, adding that little change in strength is forecast during the next 36 hours and Teresa should dissipate in about two days. Teresa is located about 155 miles north of Bermuda, packing maximum sustained winds of 45 miles per hour, the Miami-based weather forecaster said.
* Facebook (FB), Tesla lift big gainers on S&P, Dow. * Nike (NKE) falls after cutting full-year sales estimate. * Crypto firms fall as China's crackdown deepens. * Indexes: Dow up 0.1%, S&P 500 up 0.2%, Nasdaq down 0.03% By Caroline Valetkevitch.
The Federal Reserve's signal that it will soon unwind its bond buying program is bolstering the case in financial markets for the so-called reflation trade, which lifted Treasury yields and boosted shares of banks, energy firms and other economically sensitive companies in the early months of 2021. The reflation trade stalled during the summer.
* MSCI world share index down after 3 days of gains. * U.S. Treasury yields hit highest in nearly three months. * Nike (NKE) shares drop after lower sales forecast. * Oil prices rise, Brent up to near three-year high. By Lewis Krauskopf and Tommy Wilkes.
The Federal Reserve's signal that it will soon unwind its bond buying program is bolstering the case in financial markets for the so-called reflation trade, which lifted Treasury yields and boosted shares of banks, energy firms and other economically sensitive companies in the early months of 2021. The reflation trade stalled during the summer.
Ratings agency Moody's on Friday raised Hungary's sovereign credit rating to 'Baa2' from 'Baa3', saying its economic resilience is underpinned by the strong growth rebound throughout the first half of 2021.
The dollar rose on Friday and was poised for its third straight week of
gains against a basket of major currencies, as uncertainty over beleaguered Chinese property developer
Evergrande helped the ...
* Nike (NKE) falls after cutting full-year sales estimate. * Facebook (FB), Tesla biggest gainers on S&P500. * Crypto firms fall as China's crackdown deepens. By Caroline Valetkevitch. NEW YORK, Sept 24 - The S&P 500 ended slightly higher on Friday after a volatile week as gains in growth names like Facebook (FB) offset a dive by Nike (NKE) after the athletic wear company delivered a downbeat sales forecast.
Speculators increased their net long U.S. dollar positions in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position rose to $14.28 billion in the week ended Sept. 21, compared with a net long of $9.99 billion the previous week.
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