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Search resuls for: "David Chao"


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☆ Treasury yields jump before Fed meeting, stocks rebound
  + stars: | 2022-09-19 | by ( Herbert Lash Alun John | Herbert Lash | Alun John | ) www.reuters.com   time to read: +5 min
The higher rate helped strengthen the dollar and weaken gold prices as other central banks also are expected to hike rates this week. But a rally this time is unlikely when policymakers conclude a two-day meeting on Wednesday, he said. Markets also indicate a real chance that rates could hit 4.5% as the Fed is forced to tip the economy into a recession to subdue inflation. "Asset performance during this Fed tightening cycle is very different from the norm for other rate hike episodes," said David Chao, a global market strategist at Invesco. read moreChina's central bank went its own way though, and cut a repo rate by 10 basis points to support its ailing economy.
☆ Stocks slide, treasury yields jump before central banks meet
  + stars: | 2022-09-19 | by ( Wayne Cole Alun John | Wayne Cole | Alun John | ) www.reuters.com   time to read: +4 min
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 16, 2022. They also indicate a real chance that rates could hit 4.5% as the Fed is forced to tip the economy into recession to subdue inflation. However, most assets have suffered this time, perhaps due to the surge in inflation and abrupt policy change." (.SX8P) read moreS&P 500 futures lost 0.9%, and Nasdaq futures fell 1%. read moreChina's central bank went its own way though, and cut a repo rate by 10 basis points to support its ailing economy.
☆ Stocks struggle, dollar dominant ahead of central bank binge
  + stars: | 2022-09-19 | by ( Wayne Cole Alun John | Wayne Cole | Alun John | ) www.reuters.com   time to read: +4 min
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 16, 2022. However, most assets have suffered this time, perhaps due to the surge in inflation and abrupt policy change." read moreChina's central bank went its own way, though, and cut a repo rate by 10 basis points to support its ailing economy, leaving blue chips (.CSI300) up 0.1%. The dollar index , which measures the currency against six counterparts, was 0.4% stronger at 110.03. Oil prices slid, pressured by the stronger dollar Brent crude fell 1.3% to $90.18.
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