Global bond and equity funds witnessed massive outflows in the week ended Sept. 28 as worries about a recession grew, with the U.S. Federal Reserve determined to keep interest rates higher to tame inflation pressure. A selloff in British gilts following finance minister Kwasi Kwarteng's announcement of historic tax cuts also shook confidence in bond markets globally.
Demand for U.S. dollars in the currency derivative markets surged on Friday to its highest since the COVID-19 crisis in 2020 as market turmoil sent investors hunting for cash at the end of one of the most volatile quarters in decades.
Japan should not rely solely on debt issuance and must instead come up with a stable source of revenue to fund an expected rise in defence spending, a senior official of the ruling coalition said on Friday, flagging the chance of a future tax hike.
Demand for U.S. dollars in the currency derivative markets surged on Friday to its highest since the COVID-19 crisis in 2020 as market turmoil sent investors hunting for cash at the end of one of the most volatile quarters in decades.
Japan spent up a record 2.8 trillion yen intervening in the foreign exchange market last week to prop up the yen, Ministry of Finance data showed on Friday, draining nearly 15% of funds it has readily available for intervention.
A look at the day ahead in U.S. and global markets from Mike Dolan. The last quarter of a dire 2022 gets underway next week with few signs of respite for world markets grappling with sky high inflation and rocketing borrowing costs. Euro zone inflation hit 10% for the first time on record this month - with an eye-watering 17% rate recorded in the Netherlands, the bloc's fifth largest economy.
The head of Britain's independent fiscal watchdog the Office for Budget Responsibility, Richard Hughes, said he discussed the economic and fiscal outlook in a meeting with Prime Minister Liz Truss and finance minister Kwasi Kwarteng on Friday.
CareTrust REIT, Inc. (CTRE) announced today that it has completed the sale of seven skilled nursing facilities in Ohio for a purchase price of $52 million. President and CEO, Dave Sedgwick, said, In February, we announced a plan to de-risk the portfolio by selling or re-tenanting 32 properties. About.
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