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    Markets recover as US stimulus offsets angst over new virus strain

    22 Dec 2020

    Stocks rebounded on Tuesday, with Washington’s approval of an $892 billion pandemic relief package helping them recover some of the losses caused by fears over a highly infectious new strain of COVID-19.

    The effect of 2020 on Wall Street

    20 Dec 2020

    Quincy Krosby, chief market strategist at Prudential Financial described it as “a year of extreme extremes.”

    Stocks dragged further by US rate worry, China gloom

    18 Aug 2023

    Global equities fell on Friday as investors contemplated the prospect that interest rates could remain higher for longer and on concerns over China’s economy.

    US Commerce chief seeks trade, tourism boost in China talks

    27 Aug 2023

    US Commerce Secretary Gina Raimondo arrived in Beijing late on Sunday for a four-day visit aimed at boosting business ties between the world’s two largest economies

    US Fed leaves open possibility of further rate increases

    27 Aug 2023

    Federal Reserve Chair Jerome Powell on Friday did little to dissuade markets from the “higher for longer” mantra for rates that has driven up Treasury

    US GDP growth for last quarter revised down to 2.1% annual rate

    30 Aug 2023

    The US economy expanded at a 2.1% annual pace from April through June, showing continued resilience in the face of higher borrowing costs for consumers and businesses, the government said Wednesday in a downgrade from its initial estimate. The government had previously estimated

    More rate hikes ‘likely’ needed to lower inflation: Fed official

    06 Aug 2023

    Washington: A US central bank official said Saturday that more interest rate hikes “will likely be needed” to bring inflation down further, shortly after policymakers lifted rates to the highest level since 2001. Federal Reserve governor Michelle Bowman’s prepared remarks to an event in Colorado also came after a mixed

    Global stock markets extend losses on US credit downgrade

    03 Aug 2023

    Major stock markets mostly slid further on Thursday as traders moved out of riskier assets and into havens such as bonds, the dollar and yen after Fitch this week stripped the United States of its top credit rating.

    Fitch downgrades top-tier US credit rating to AA+ from AAA

    02 Aug 2023

    Rating agency Fitch downgraded the US government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago. Traders’ immediate response was to embark on a safe-haven push out of stocks and into government

    US job growth stays moderate in July; wage gains remain strong

    04 Aug 2023

    The US economy maintained a moderate pace of job growth in July, but solid wage gains and a decline in the unemployment rate pointed to continued tightness in labour market conditions. Nonfarm payrolls increased by 187,000 jobs last month, the labour Department said in its closely watched employment report on Friday.

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