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☆ Wall Street falls with tech shares, investors assess rate outlook
▼ + stars: | 2022-10-10 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

read moreRegister now for FREE unlimited access to Reuters.com Register"People are worried about the economy. People are worried about a possible recession," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. The U.S. third-quarter earnings season is set to kick off on Friday, with results from some of the major banks. The Dow Jones Industrial Average (.DJI) fell 41.55 points, or 0.14%, to 29,255.24, the S&P 500 (.SPX) lost 23.05 points, or 0.63%, to 3,616.61 and the Nasdaq Composite (.IXIC) dropped 95.65 points, or 0.9%, to 10,556.75. Investors also awaited inflation reports through the week, including consumer prices data, which is expected to have likely risen last month.

☆ Bernanke bank-crisis Nobel requires markets sequel
▼ + stars: | 2022-10-10 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

LONDON, Oct 10 (Reuters Breakingviews) - Rarely has an academic put theory into practice like Ben Bernanke. Yet the resulting era of tight bank regulation and ultra-low interest rates helped build up risks in financial markets which are only slowly becoming apparent. Bernanke’s research, and that of fellow laureates Douglas Diamond and Philip Dybvig, put lenders at the heart of the economy. In 2021, they accounted for about half of total global financial assets, compared with two-fifths for banks. Years of loose monetary policy, under Bernanke and his successors, have pushed many of these market players to take on more risk.

☆ Stock Futures Slip as Growth Worries Linger; Pound Slumps
▼ + stars: | 2022-09-26 | by ( Joe Wallace | ) www.wsj.com time to read: 1 min

U.S. stock futures fell as investors fretted about the world economy, while the U.K. government’s tax-cutting plans sent the British currency and bond markets into disarray. Futures for the S&P 500, the Dow Jones Industrial Average and Nasdaq-100 dropped between 0.4% and 0.7% Monday, suggesting investors were continuing to back away from a market that fell sharply last week. On Friday, the S&P 500 lost 1.7% on concerns that rising interest rates will push the global economy into recession.

☆ European markets head for mixed open; sterling slumps against the dollar
▼ + stars: | 2022-09-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are expected to open in mixed territory Monday as investors continue to weigh the deteriorating economic outlook in the region. Shares in the Asia-Pacific fell sharply on Monday as negative sentiment continues to weigh in on markets. The British pound plunged to a record low on Monday, following last week's announcement by the new U.K. government that it would implement tax cuts and investment incentives to boost growth. Investors in Europe will also be watching Italy following a snap election on Sunday. The country is on course to elect its first female prime minister and the first government led by the far-right since the end of World War II.

An employee is seen walking over a mosaic of pound sterling symbols set in the floor of the front hall of the Bank of England in London, in this March 25, 2008 file photograph. Yet the rapid rise in yields investors now receive for owning UK bonds hasn't helped sterling much. Pound slumps and UK borrowing costs surgePredicting the short-term direction of currencies is notoriously hard. Against the euro the pound is only at two-year lows, although it is down 3% since Friday. "People will look at the UK and think that that's not a market that is stable," said Payne at Janus Henderson.

☆ Reactions: Britain's pound crumbles to record lows in firesale of UK assets
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +8 min

Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger/File PhotoLONDON, Sept 26 (Reuters) - Britain's pound plunged to record lows on Monday and bonds were slammed for a second day, as investors punished UK assets after the government's mini-budget announcement last week. The presentation of the mini-budget was received quite badly by the markets – sterling literally collapsed. The significant tax cuts announced by the Treasury Secretary cause concerns for the currency markets because of rising government debt." One is the loss of confidence in UK fiscal policy and that won't help sterling.

☆ U.S. interest rates may be rising, but that won't trigger another Asian Financial Crisis, analysts say
▼ + stars: | 2022-09-23 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +5 min

watch nowThe world economy may be facing conditions seen during the 1997 Asian Financial Crisis — aggressive U.S. interest rate hikes and a strengthening U.S. dollar. The Thai baht and other Asian currencies collapsed, triggering the Asian Financial Crisis and leading to slumps in stock markets. Reducing currency disparity with the U.S. dollar reduces the risks of capital flights and foreign exchange rate collapses. Nevertheless, he, too, does not anticipate another Asian Financial Crisis. watch now"They largely let exchange rates absorb the external pressure, rather than supporting the currency by selling FX reserves."

☆ Bitcoin falls to a four-month low, slumps below $19,000
▼ + stars: | 2022-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin falls to a four-month low, slumps below $19,000CNBC's Jim Cramer and the 'Squawk on the Street' team discuss bitcoin as investors ditch risk assets amid expectations of higher interest rates from the Federal Reserve.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin slumps ahead of Fed decision, and DOJ takes action to curb crypto crime: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Mo Shaikh, co-founder and CEO of Aptos, discusses what could drive the next crypto rally as volatility continues to shake markets ahead of the Federal Reserve's decision on rate hikes.

☆ Rising rates weigh on tech stocks as S&P 500 tech slumps 14% year-to-date
▼ + stars: | 2022-04-19 | by ( Dominic Chu | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRising rates weigh on tech stocks as S&P 500 tech slumps 14% year-to-dateCNBC's Dominic Chu reports on different pockets in the technology sector that have lagged behind the broader markets.

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