By Medha Singh (Reuters) – Retail investors are doubling down on Exchange Traded Funds (ETFs) as rising interest rates and volatile markets curb their appetite for risky assets such as meme stocks, SPACs and cryptocurrencies. Global financial markets have taken a beating as central banks try to combat runaway inflation with aggressive rate hikes, thereby…
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said there’s a “long way to go” before the Fed can meet its goals of 2% inflation and full employment, and emphasized that none of her colleagues believe there will be any rate cuts next year. “Everybody has rates holding for ’23,” Daly…
By Chris Prentice, Dhara Ranasinghe and Naomi Rovnick NEW YORK/LONDON (Reuters) – World stocks were stuck near one-month lows and government bond markets came under fresh selling pressure on Friday, a day after a slew of central banks jacked up interest rates and signalled that the fight to tame inflation was not over yet. Euro…
By Yoruk Bahceli AMSTERDAM (Reuters) – The Netherlands expects to borrow 101.5 billion euros ($107.8) on the debt markets next year, the most since 2012, and its funding needs are “extremely uncertain” as much depends on the energy price outlook, the country’s debt agency said on Friday. Around 50 billion euros will be raised from…
By Gertrude Chavez-Dreyfuss and Harry Robertson NEW YORK/LONDON (Reuters) – The dollar was modestly higher on Friday in choppy trading after posting sharp gains the previous session, with investors digesting a raft of central bank rate hikes as they grappled with the prospect that borrowing costs still have a long way to climb. “With most…
(Reuters) – Canada’s main stock index opened lower on Friday, dragged down by commodity-linked shares, as hawkish commentary from major central banks this week heightened fears of a global recession. At 9:30 a.m. ET (14:30 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 183.02 points, or 0.93%, at 19,417.61. (Reporting by Shashwat Chauhan…
MADRID (Reuters) – Spain has launched a pilot project to help small and medium sized industrial companies cut the working week by at least half a day without denting salaries in an attempt to boost productivity. The companies requesting the aid must design ways to increase productivity that compensate for wage cost overruns, the Industry…
(Reuters) – U.S. equity funds saw net purchases in the week ended Dec. 14, as slowing inflation rates raised expectations that the Federal Reserve would cut back the pace of its interest rate hikes. According to Refinitiv Lipper data, investors bought a net $3.9 billion worth of U.S. equity funds, marking their first weekly net…
(Reuters) -Goldman Sachs Group Inc will lay off up to 4,000 people as the Wall Street bank struggles to meet profitability targets, news platform Semafor reported on Friday, citing people familiar with the matter. Managers across the firm have been asked to identify low performers for what could be a cut of up to 8%…
(Reuters) – Global equity funds attracted their first inflow in six weeks in the week ended Dec. 14, with investors optimistic that easing inflation levels would prompt central banks to scale back the pace of interest rate hikes. Still, the Federal Reserve raised its benchmark rate by half a percentage point on Wednesday and said…
