markets

China appoints Xi Jinping loyalists to core leadership group

Chinese President Xi Jinping (L) walks with members of the new Politburo Standing Committee of the Chinese Communist Party, the nation’s top decision-making body, as they meet with the media at the Great Hall of the People in Beijing on October 23, 2022. Noël Celis | AFP | fake images BEIJING — President of China …

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The Dow rises 200 points as short-term yields fall on the possibility that the Fed will reduce rate hikes

Volatile trading to start on options expiry day Stocks have been volatile in early trading, with the Dow up more than 300 points at one point after opening lower. Friday is a key day for options expiry, which could be contributing to volatility. “On important maturities, options traders track situations where a large amount of …

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Stocks down, Japanese yen nears 150 per dollar

Hong Kong-listed airlines rise briefly on report that China is debating easing lockdown Shares of some Hong Kong-listed Chinese airlines briefly soared after a Bloomberg report that Chinese officials are discussing reducing the quarantine period for incoming travellers. Shortly after the report, China Southern Airlines was up 3%, Air China was up about 2%, and …

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Hong Kong stocks lead losses in mixed Asia trade after John Lee’s speech

William Ma says it’s ‘too early’ to buy property in Hong Kong until policies bring talent back It is still too early to buy real estate shares and physical property in Hong Kong, said GROW Investment Group chief investment officer William Ma. Speaking on CNBC’s “Street Signs Asia,” Ma said short-term investors would have to …

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Take advantage of any opportunity to sell stocks in a busy earnings week

CNBC’s Jim Cramer on Friday advised investors to take advantage of any opportunity to sell stocks next week as the busy earnings season continues. “The market is dominated by the tick, tick, tick of bonds, oil and the dollar. So remember, if we have a big bull day like yesterday, it’s an opportunity to do …

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UK cliff edge arrives as Bank of England prepares to end bond buying

The Bank’s Financial Stability Committee announced on September 28 a two-week emergency purchase program for long-term UK government bonds. Mayor Bloomberg | Mayor Bloomberg | fake images LONDON — The Bank of Englandof emergency bond purchase program comes to an end on Friday, and traders remain nervous as the volatility in the UK bond market …

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Jamie Dimon says Musk should ‘clean up Twitter,’ echoes bot concerns

JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., on November 23, 2021. Brian Snyder | Reuters jamie dimond seems to be a fan of by Elon Musk $44 billion Twitter take the control. “I hope Musk cleans up Twitter,” he said. JPMorgan The CEO told …

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5 things to know before the stock market opens on Monday, October 10

Traders on the floor of the New York Stock Exchange, October 7, 2022. Source: NYSE Here are the most important news investors need to start their trading day: 1. The calm before the earnings storm After a strange week (stocks rose despite three consecutive negative sessions), investors have a couple of days to breathe before …

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5 things to know before the stock market opens on Thursday, October 6

Traders on the floor of the New York Stock Exchange, September 29, 2022. Source: NYSE Here are the most important news investors need to start their trading day: 1. Still on shaky ground After two breakneck rallies, US stock markets settled back into negative territory on Wednesday. The bulls showed a bit of a struggle …

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