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Europe in good spirits after hints of tariff retreat
A look at the day ahead in European and global markets from Vidya Ranganathan
It's too soon to say...
Oil prices rise as US vows to keep attacking Houthis
Oil prices traded higher on Monday after the United States vowed to keep attacking Yemen's Houthis until the Iran-aligned group ends its...
Stocks gain after mild US inflation; yields buoyed by trade tensions
Summary
Beaten-down tech shares lead rebound in U.S. and Asia
Stocks slump with bond yields as Trump pushes ahead with tariffs
Stocks slumped and bond yields slid on Tuesday in Asia as investors braced for an imminent escalation in a global trade war...
Gold gains on weaker dollar, Ukraine peace deal uncertainty
Gold prices rose on Monday, helped by a weaker dollar, while a delay in finding peace in Ukraine and concerns over the...
Citi accidentally credits client account with US$81 trillion
Citigroup Inc. erroneously credited US$81 trillion ($109.22 trillion) to a customer’s account instead of US$280 last April before reversing the transaction hours...
Singapore hedge fund Asia Genesis shuts after ‘big mistake’ on China...
SINGAPORE hedge fund Asia Genesis Asset Management is closing its macro fund after suffering an “unprecedented drawdown” following China’s stock market rout...
Retail sales fall at sharpest rate since Covid
Retail sales fell by 3.2% in December in the sharpest drop since the UK was in a Covid lockdown.
Mortgage rates drop to 7-month low
The average on a 30-year loan stands at 6.60%, down from a peak of nearly 8% in October.
Mortgage...
Global Bond Rally Powers on as Rate Cut Bets Appear Everywhere
Bonds around the world are extending gains on expectations that a wave of easing will break out next year as inflation fears...