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☆ South Korea's short-lived martial law declaration rattled markets. Here's what's next for stocks
▼ + stars: | 2024-12-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

A visitor looks at screens at the Korea Exchange (KRX) headquarters in Seoul, South Korea, on Wednesday, Dec. 4, 2024. The political whiplash thrust South Korea, a key U.S. ally and critical link in international supply chains, into the global spotlight and rattled financial markets. U.S.-listed Korean equities fell sharply on Yoon's initial martial law order, while South Korea's won notched a fresh two-year low against the U.S. dollar on the news. "Martial law hasn't been introduced since 1979 and is seen as deeply negative. Investor sentiment could turn for the betterNot everyone was as downbeat on the market implications of South Korea's unfolding political drama.

Persons: Yoon Suk Yeol, Kim Byung, Yoon, Jonathan Garner, Morgan Stanley, CNBC's, Garner, Rory Green, South Korea's, Trinh Nguyen, hasn't, Nguyen, Thomas Mathews, Yoon Suk, Anthony Wallace Organizations: Korea Exchange, Bloomberg, Getty, South, National Assembly, South Korea's, U.S, Yonhap News Agency, Deutsche Bank, Tech, Samsung, Korea's, LG Energy, Hyundai Motor, TS Lombard, greenback, Bank of, Asia Pacific, Capital Economics, Afp Locations: Seoul, South Korea, North, Korea, U.S, Asia, China, Bank of Korea

☆ Recession worries used to be bad for bank stocks. Not anymore
▼ + stars: | 2023-03-08 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

London CNN —Investors are bucking tradition this year by piling into big bank stocks just as major economies are expected to either slow down or fall into recession. Fed Chair Jerome Powell said Tuesday that interest rates would rise more than people anticipated. European bank stocks have risen particularly sharply in the past six months. “As those worries have unwound, European banks have done particularly well.”No ‘hidden skeletons’But European economies are still fragile. When economic activity slows down, bank stocks are typically among those hit hardest.

☆ Europe grew faster than the US last year. Its markets are outperforming too
▼ + stars: | 2023-02-01 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

The overall rise is a reversal of a 15-year trend that has seen US stock indices, flush with fast-growing tech companies, consistently beat those across the Atlantic. Over the past decade, investors poured money into fast-growing tech stocks, aided by ultra-low interest rates. (SXXL)But tech companies have taken a beating recently. Tech companies, including Microsoft and Alphabet, announced thousands of layoffs last month. High interest rates make it more expensive for companies to borrow to expand their business, raising doubts about their future earnings.

☆ The global stock market rally could be about to meet recession reality
▼ + stars: | 2022-11-17 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Specialist traders work inside a post on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2022. Brendan Mcdermid | Reuterswatch now"We think those hopes will be dashed again as the Fed pushes ahead with policy overtightening. With the S&P 500 jumping 13% from its October low, stocks are even further from pricing in the recession — and earnings downgrades — we see ahead." While consensus expects earnings growth to fall from 10% at the start of 2022 to just over 4% in 2023, the world's largest investment manager expects zero growth, noting that third-quarter annual earnings growth would already be in negative territory without the huge windfalls seen in the energy sector. watch nowDownbeat viewLast Thursday's Wall Street rally was the 15th-largest single-day gain for the S&P 500 since the mid-1960s, according to Capital Economics.

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