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☆ Japanese yen tumbles, bonds rally after BOJ keeps policy ultra easy
▼ + stars: | 2023-01-18 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

The bank, however, maintained ultra-low interest rates, including its 0.5% cap for the 10-year bond yield. The dollar also gained 2.5% against the Japanese yen to 131.4 yen, in its biggest percentage daily rise since March 2020. In a Reuters poll, 97% of economists expected the BOJ to maintain its ultra-easy policy at the meeting. A survey of global fund managers by BofA Securities out on Tuesday showed that expectations of further appreciation in the Japanese yen in January were the highest in 16 years. The dollar index , which measures the safe-haven dollar against six peers, rose 0.4% at 102.84.

☆ Asian shares mixed, yen tumbles after BOJ keeps yield policy unchanged
▼ + stars: | 2023-01-18 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

read moreThe 10-year yield stayed at 0.5100% on Wednesday. In a Reuters poll, 97% of economists expected the BOJ to maintain its ultra-easy policy at the meeting. Mahjabeen Zaman, head of FX Research at ANZ, now expects any further rises in the Japanese yen might have to be delayed until April when the new BOJ governor assumes position. A survey of global fund managers by BofA Securities out on Tuesday showed that expectations of further appreciation in the Japanese yen in January were the highest in 16 years. After Bank of Japan decision, the dollar strengthened 2.4% to 131.18 yen , pulling away from Monday's seven-month low of 127.21 yen.

☆ Miners push FTSE 100 to over 4-year high, Direct Line tumbles
▼ + stars: | 2023-01-11 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

SummarySummary Companies Direct Line drops after scrapping final dividend for 2022JD Sports rises after reporting high revenue growthReach slumps after saying annual profit to miss expectationsU.S. CPI awaitedFTSE 100 up 0.5%, FTSE 250 adds 0.7%Jan 11 (Reuters) - UK's exporter-heavy FTSE 100 hit an over four-year high on Wednesday, buoyed by gains in mining stocks, while insurer Direct Line plunged after cancelling its final dividend for 2022. The blue-chip FTSE 100 (.FTSE) advanced 0.5%, its highest since August 2018, while the more domestically focused FTSE 250 mid-cap index (.FTMC) gained 0.7%. Fed Governor Michelle Bowman said overnight that the central bank will have to raise interest rates further to combat high inflation. The commodity-heavy FTSE 100 has had a bright start to the year so far, rising for five of the previous six trading sessions, after it outperformed major global peers in 2022 as commodity prices jumped. Reporting by Shashwat Chauhan in Bengaluru; Editing by Sherry Jacob-Phillips and Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla upgraded by Edward Jones as it tumbles for yet another day
▼ + stars: | 2023-01-05 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Tesla 's dramatic decline has started to catch the eye of some Wall Street firms that were previously skeptical of the stock, including Edward Jones. Analyst Jeff Windau upgraded Tesla to buy from hold during Thursday's trading session, saying in a note to clients that the stock now looks cheap in the context of Tesla's long-term growth prospects. In our opinion, the share price of Tesla does not reflect its long-term growth opportunities," the note said. Windau cited potential improvements to Tesla's full-self driving feature and batteries as growth drivers for the company. TSLA 5D mountain Tesla's stock has fallen in the first week of 2023.

Ram 1500 Revolution BEV electric concept pickup truck Stellantis"This is a vision, or a glimpse, into the future of Ram Trucks," Ram CEO Mike Koval Jr. told CNBC. The electric Ram truck is expected to enter an increasingly crowded segment of electric pickups that already includes the GMC Hummer EV, Ford F-150 Lightning, Lordstown Endurance and smaller Rivian R1T. Ram 1500 Revolution BEV electric concept pickup truck StellantisKoval said Ram isn't worried about being late to the segment. Ram 1500 Revolution BEV electric concept pickup truck StellantisThe design of the concept electric Ram pickup appears to be more of a lifestyle pickup rather than a traditional work truck, but executives said the production vehicle will serve both purposes. "The TRX (a performance version of the Ram 1500) has that in spades," Gilles told CNBC.

While these events are out of our control, there are still steps you can take in 2023 to feel a little more confident and prepared with our finances. Annual Percentage Yield (APY) Earn up to 4.11% APYMinimum balance NoneMonthly fee NoneMaximum transactions NoneExcessive transactions fee NoneOverdraft fees N/AOffer checking account? Check your credit scoreChecking your credit score can be especially important if you plan on applying for a mortgage, loan, apartment or a new credit card later in the year. Experian Boost® Learn More On Experian's secure site Cost FreeAverage credit score increase 13 points, though results varyCredit report affected Experian®Credit scoring model used FICO® Score Results will vary. Bottom lineWhile 2022 was a financially tumultuous year with many twists and turns, there are steps every individual can take to walk into 2023 feeling a little more prepared.

☆ Rouble tumbles to near eight-month low vs dollar
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +2 min

By 0740 GMT, the rouble was down 1.8% against the dollar at 72.25 , earlier hitting 72.3075, its weakest mark since April 29. It also lost 1.6% to trade at 76.82 versus the euro , also a near eight-month low, and shed 2% against the yuan to a near seven-month low of 10.28 . The rouble is continuing its "unrestrained fall", said Veles Capital analysts. Brent crude oil , a global benchmark for Russia's main export, was up 0.3% at $82.4 a barrel. For Russian equities guide seeFor Russian treasury bonds see($1 = 72.0000 roubles)Reporting by Alexander Marrow; Editing by Tom Hogue and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla tumbles: Is there more to the story than Twitter distractions?
▼ + stars: | 2022-12-20 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla tumbles: Is there more to the story than Twitter distractions? Tesla stock tumbles and the traders discuss whether there's more to the story. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.

Firefighters conduct extinguishing works after Russia's unmanned aerial vehicle attacks in Kyiv, Ukraine on December 19, 2022. Russia unleashed 35 "kamikaze" drones on Ukraine in the early hours of Monday morning as many people slept, damaging critical infrastructure in and around the capital, Kyiv. Governor Oleksiy Kubela said the assault was "fairly serious," after three areas in the region were left without power supply. The assault marks Moscow's third air attack on the city in six days. Meanwhile, the Russian ruble fell to a more than six-month low against the dollar.

☆ TSX hits 5-week low as Fed's hawkish stance fuels recession worries
▼ + stars: | 2022-12-15 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

[1/2] The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 291.02 points, or 1.5%, at 19,600.63, its lowest closing level since Nov. 9. Hopes that the U.S. central bank would soften its stance had helped lift equity markets off their lows from October. Higher interest rates reduce the value to investors of the future cash flows that companies in that sector are expected to produce. Reporting by Fergal Smith; additional reporting by Shashwat Chauhan in Bengaluru; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Wall Street tumbles as Fed sparks recession fears
▼ + stars: | 2022-12-15 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

The Fed projected continued rate hikes to above 5% in 2023, a level not seen since a steep economic downturn in 2007. "What the market is saying is if you continue this way, a recession is basically a done deal." Money market participants expect at least two 25 bps rate hikes next year and borrowing costs to peak at about 4.9% by midyear, before falling to around 4.4% by year-end. All the 11 major S&P 500 sectors were in the red, with communication services (.SPLRCL) and technology stocks (.SPLRCT) falling about 4% as the worst performing on the session. The S&P 500 posted one new 52-week high and seven new lows; the Nasdaq Composite recorded 51 new highs and 289 new lows.

☆ Dow and stock market tumbles. So much for an end-of-year rally
▼ + stars: | 2022-12-15 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +2 min

New York CNN —Christmas is just ten days away, and investors are still hoping for a Santa Claus rally. The Dow tumbled more than 700 points, or 2.1%, Thursday, and it is down about 4% in December following solid gains the previous two months. The S&P 500 is now off more than 4% for the month while the Nasdaq has sank 5%. The Fed raised rates by “just” a half of a percentage point Wednesday, as expected. It didn’t help that the government also reported a much bigger drop in retail sales for November than expected on Thursday.

☆ The US may have lost in the World Cup, but soccer is more popular than ever in America
▼ + stars: | 2022-12-12 | by ( Harry Enten | ) edition.cnn.com time to read: +36 min

The Atlas Lions made history as the first African team to reach a World Cup semifinal. They made history as the first all-female refereeing crew for a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Less spoken about is that they also rate better on television than the men do in the World Cup. We’ll just have to wait and see, though with the US, Canada and Mexico hosting the 2026 World Cup, soccer isn’t going away anytime soon.

☆ TSX posts biggest weekly decline since September as oil tumbles
▼ + stars: | 2022-12-09 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

[1/2] The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 22.12 points, or 0.1%, at 19,947.07, its lowest closing level since Nov. 17. For the week, the index was down 2.6%, its biggest weekly decline since September. The Toronto market's energy sector fell 0.7% as U.S. crude oil futures settled 0.6% lower at $71.02 a barrel. Reporting by Fergal Smith; Additional reporting by Shashwat Chauhan in Bengaluru Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Consumer prices data for November, due Tuesday, will provide fresh clues on the central bank's monetary tightening plans. The S&P 500 declined 0.73% to end the session at 3,934.38 points. The Nasdaq declined 0.70% to 11,004.62 points, while Dow Jones Industrial Average declined 0.90% to 33,476.46 points. Declining stocks outnumbered rising ones within the S&P 500 (.AD.SPX) by a 3.3-to-one ratio. The S&P 500 posted 5 new highs and 1 new lows; the Nasdaq recorded 54 new highs and 213 new lows.

☆ India's HCL Tech tumbles 6% after downbeat revenue forecast
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: 1 min

BENGALURU, Dec 9 (Reuters) - Shares of HCL Technologies Ltd (HCLT.NS) fell as much as 6% on Friday, in their sharpest intraday drop since mid-May, after the IT services firm said it expects revenue for the full year to be at the lower end of its guidance. Speaking in New York on Thursday, HCL Chief Executive C. Vijayakumar said he expects revenue growth for the year ended March 31, 2023 to be at the lower end of its 13.5%-14.5% guidance due to furloughs and drop in spending in some sectors. Reporting by Akansha Victor in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Producer prices climbed 7.4% last month on an annual basis, the Labor Department's report showed, compared with economists' expectations of a 7.2% increase. Core producer prices, which exclude volatile food and energy components, jumped 6.2% compared with estimates of a 5.9% rise. Consumer prices data for November, due Tuesday, will provide fresh clues on the central bank's monetary tightening plans. U.S. stocks had snapped a recent run of losses on Thursday after data showed initial jobless claims modestly rose last week, suggesting the labor market was deteriorating. The S&P index recorded five new 52-week highs and one new lows, while the Nasdaq recorded 24 new highs and 96 new lows.

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2022. "From the bigger picture, the Fed has hiked rates to a point where markets are expecting monetary policy to be restrictive enough to cause a mild recession." The CBOE volatility index (.VIX), also known as Wall Street's fear gauge, rose to a two-week high at 23.01 points amid increased investor anxiety. Tesla Inc (TSLA.O) slumped 2.9%, down for a third straight session over production loss worries at its Shanghai plant. The S&P index recorded two new 52-week highs and six new lows, while the Nasdaq recorded 25 new highs and 149 new lows.

SummarySummary Companies Apple down, Morgan Stanley cuts Dec shipment estimateCarvana tumbles, Wedbush slashes PT to Street lowFutures down: Dow 0.25%, S&P 0.48%, Nasdaq 0.82%Dec 7 (Reuters) - U.S. stock indexes were set to open lower on Wednesday after warnings of a looming recession from major Wall Street bankers offset optimism around China relaxing its strict zero-COVID rules. Fears of a recession due to the U.S. Federal Reserve's aggressive rate hikes to curb inflation pulled the S&P 500 (.SPX) lower for a fourth straight session on Tuesday, with all major Wall Street indexes ending down 1%-2%. "From the bigger picture, the Fed has hiked rates to a point where markets are expecting monetary policy to be restrictive enough to cause a mild recession." The CBOE volatility index (.VIX), also known as Wall Street's fear gauge, rose to a two-week high at 23.01 points amid increased investor anxiety. ET, Dow e-minis were down 85 points, or 0.25%, S&P 500 e-minis were down 19 points, or 0.48%, and Nasdaq 100 e-minis were down 94.75 points, or 0.82%.

☆ Analysis: Investors look to emerging markets as planets align for end of dollar bull market
▼ + stars: | 2022-12-06 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

NEW YORK, Dec 6 (Reuters) - As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback. Signs of a broader turn in dollar sentiment are visible in the buck’s 8% decline against a basket of developed market currencies from its September highs. "The planets are lining up for a dollar bear market," said Paresh Upadhyaya, director of fixed income and currency strategy at Amundi US. Emerging market currencies have outperformed their developed market counterparts this year, with MSCI's index of emerging market currencies down 5% year-to-date, while the dollar's G10 peers have lost nearly twice as much. Conversely, tightening by central banks around the world also risks sparking a global recession, a scenario some believe could hurt emerging market currencies and help the dollar.

☆ Dow tumbles 483 points as economic data strengthens the case for more Fed hawkishness
▼ + stars: | 2022-12-05 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

The Dow more than 500 points as traders flinched at new data that made a case for the Fed to stay hawkish. ISM services sector data for November turned higher, and factory orders increased in October. Survey data from the Institution of Supply Management showed that services sector activity picked up last month, with a reading of 56.5, up from 54.4 in October. Meanwhile, data from the Commerce Department showed that factory orders were up 1% in October, beating expectations for an increase of 0.7%. Here's where US indexes stood after the 4 p.m. closing bell on Monday:Here's what else happened today:In commodities, bonds, and crypto:

☆ CEO economic outlook tumbles to two-year low
▼ + stars: | 2022-12-05 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

The Business Roundtable said Monday its CEO Economic Outlook Index tumbled during the fourth quarter to the lowest level in more than two years. The index, a composite of CEO plans for business investment, hiring and sales expectations, has declined every quarter this year, plunging from 124 a year ago to 73 now. CEOs surveyed by the Business Roundtable are now calling for growth of just 1.2% next year, down from nearly 6% in 2021. It’s also worth noting the Business Roundtable survey fielded responses from dozens of business leaders last month and recent indicators including the jobs report and holiday shopping have come in stronger than expected. Still, given the uncertainty facing the American economy, Business Roundtable CEO Josh Bolten urged Congress to address the looming fight over the debt ceiling “as soon as possible.”

☆ Croatia beats Japan on penalties to reach World Cup quarterfinals
▼ + stars: | 2022-12-05 | by ( Ben Church | ) edition.cnn.com time to read: +28 min

CNN —Goalkeeper Dominik Livaković made himself a national hero as Croatia beat Japan on penalties 1-1 (3-1) to reach the World Cup quarterfinals. Marko Djurica/ReutersJapan’s heartbreakDespite its defeat, Japan can look back at an impressive World Cup campaign. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Mbappé was one of the leading stars of the team's World Cup triumph four years ago. He also became just the third goalkeeper to save three penalties in a single World Cup shootout.

☆ Japan vs. Croatia: Samurai Blue aiming to reach World Cup quarterfinals for first time
▼ + stars: | 2022-12-04 | by ( Aimee Lewis | ) edition.cnn.com time to read: +31 min

CNN —In a World Cup of surprises, Japan has played a leading role in headline-making shock results. Croatia is a team undefeated in nine of its last 10 World Cup matches. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Frappert became the first woman to referee a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament.

☆ USMNT’s youth and talent at Qatar 2022 bodes well for 2026 World Cup
▼ + stars: | 2022-12-04 | by ( Issy Ronald | ) edition.cnn.com time to read: +31 min

The Netherlands knocked the USMNT out of the Qatar World Cup on Saturday. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Frappert became the first woman to referee a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Qatar is the first Islamic country to host a World Cup.

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