Latest Finance-Economy News
Stocks Rebound After AI Selloff as Tech Recovers
Major indices like NASDAQ saw a turnaround Tuesday, with AMD surging on Meta's billions in investment news. Freight stocks and consumer durables weakened, but Asia tech gauge rose 3% on optimism.
Fed Speakers Express Inflation Caution, Pressure on Rate Cuts
Fed officials highlighted caution over inflation, questioning further rate cuts this year and impacting two-year Treasury yields. Emphasis on dual mandate balancing employment and inflation data revisions.
Trump Touts Economic Record in State of the Union Address
President Trump highlighted his economic achievements during the SOTU speech, influencing market sentiment ahead of health care sector slips. Address focused on broader economic performance.
HSBC Raises Bonus Pool 10% to $3.93B After Earnings Beat
HSBC boosted its bonus pool to the highest in a decade following full-year earnings exceeding estimates, driven by strong wealth division performance. This signals robust banking sector health.
Japan PM Voices Caution on Economy, Impacts BOJ Nominations
Japanese Prime Minister expressed economic concerns, nominating new BOJ board members amid rising yields and effects on assets. Markets react to potential policy shifts.
Asia Markets Rise on Tech Optimism and Weaker Dollar
MSCI Asia Dollar Index climbed for a third day, supported by US tech recovery and AMD-Meta deal reassuring on capex spending. Australian dollar strengthened on rate hike expectations.
Australia Eyes Rate Hike as RBA Meeting Looms
Markets price in a 25 basis point RBA rate increase soon, boosting the Australian dollar. Expectation builds for action at next or following meeting.
S&P Global Composite PMI Final Hits 55.7 for February
US S&P Global Composite PMI final reading for February reached 55.7, up from previous 52.0, signaling manufacturing and services expansion. Data released today influences Fed outlook.
Italy 6-Month BOT Auction Yields 2.032%
Italy's 6-Month BOT Auction averaged 2.032%, below previous 2.040%, reflecting stable short-term borrowing costs. Part of today's European debt market activity.
Germany 15-Year Bund Auction at 3.09%
Germany's 15-Year Bund Auction yielded 3.09%, down from 3.23% prior, indicating lower long-term rates. Supports broader Eurozone bond trends today.
US MBA Purchase Index Drops to 149.7
US MBA Purchase Index fell to 149.7 from 157.1, signaling cooling housing demand. Released today amid mortgage rate watches.
Wayve Self-Driving Startup Raises Funds at $8.6B Valuation
UK firm Wayve secured Series D funding led by Eclipse, Balderton, SoftBank, with Microsoft, Nvidia, Uber participating. Plans self-driving Ubers in London this year, boosting tech investment.