European markets open to close, stocks, data and earnings news

Stocks on the move: BP up 5%, Allfunds down 9% UK wealth tech company All Funds Group saw its shares fall 9% to the bottom of the Stoxx 600 in early trade. At the top of the index, bp shares added 5% to lead a broad advance for the oil and gas sector. – Eliot … Read more

Hong Kong stocks rise more than 2% as China trade data misses estimates

Rising interest rates and food inflation are headwinds for Indian economy The two risks that the Indian economy will face in 2023 are inflation and rising interest rates, the chairman of the State Bank of India Dinesh Kumar Khara told CNBC’s “Squawk Box Asia” on Monday. There is a risk that India and other economies … Read more

European markets open to close, investors focus on the Fed’s next move

World’s largest container shipping firm Maersk, a barometer for global trade, warns of ‘dark clouds on the horizon’ Maersk, the world’s largest container shipping firm, on Wednesday posted record profits for the third quarter on the back of high ocean freight rates, but noted a slowdown in demand. The Danish giant, widely seen as a … Read more

Goldman Sachs predicts stock market bottom for Europe; says how to position

Goldman Sachs has predicted further pain for a raft of European indices over the short term, with one expected to be firmly in a bear market by the end of the year. The Euro Stoxx 600 is expected to fall by nearly 8% by the end of this year, the investment bank said in a … Read more

Fed hike, Bank of Japan, interest rates, currencies

Oil prices climb after Fed’s rate hikes, demand fears linger Oil prices climbed following the Fed’s third consecutive rate hike. Reuters also reported Chinese refiners are expecting the nation to release up to 15 million tonnes worth of oil products export quotas for the rest of the year, citing people with knowledge of the matter. … Read more

Japan CPI inflation, China loan prime rate, currencies

Tech, casino stocks in Hong Kong buoy broader index Australia’s central bank says the argument for slower rate hikes strengthening The Reserve Bank of Australia (RBA)’s board members “saw the case for a slower pace of increase in interest rates as becoming stronger,” according to minutes from its Sept. 6 meeting, where it raised its … Read more

Stock futures are flat as Wall Street awaits key inflation report

CNBC Pro: Want to invest in real estate? These REITs are among analysts’ favorites Real estate investment trusts — or REITs — are coming back to the spotlight after a volatile year for many asset classes. Analysts from Morgan Stanley and Citi highlight REITs from two sectors that they say could outperform the wider market, … Read more

Hong Kong’s Hang Seng rises 2%, leads Asia markets higher after Powell’s inflation comments

HSBC says China’s latest inflation readings allow PBOC to maintain accommodative monetary policy China’s latest inflation figures give the People’s Bank of China room to maintain its current monetary stance, HSBC said in a note. “The moderation in price pressures gives the PBOC room to stay accommodative,” greater China economist Erin Xin said. Xin added … Read more

Japan could be about to surprise markets with monetary policy

Japan’s national flag flies atop the Bank of Japan building on November 12, 2019 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images Japan’s central bank is nearing an inflection point. It comes as policymakers around the world scramble to tighten monetary policy in an effort to rein in record-high inflation. The Swiss National Bank was … Read more

Ed Yardeni on bear market, the Fed and inflation

Markets have been on a wild ride recently, swinging between gains and losses. However, the brutal selling has meant the S&P 500 is still in a bear market. When asked whether markets have hit a bottom, Wall Street veteran Ed Yardeni said he doesn’t think “we’re gonna climb out of this thing very quickly, not … Read more