The dollar climbed and US stocks oscillated on Wednesday following stronger than expected retail sales figures, the latest in a string of economic data that has fuelled investor bets that the Federal Reserve will have to raise interest rates further to curb inflation. Wall Street’s benchmark S&P 500 finished 0.3 per cent higher after flipping
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US stock markets steadied on Tuesday despite disappointing inflation data that raised the prospect of more aggressive interest rate rises than investors had previously expected. Wall Street’s benchmark S&P 500 index dropped as much as 1 per cent in early trading but ended the day flat, holding on to the gains made in strong trading
US stocks rose on Monday as investors bet that forthcoming economic data would ease the pressure on the Federal Reserve to continue lifting interest rates. Wall Street’s blue-chip S&P 500 index finished 1.1 per cent higher, with all sectors except energy making gains. The tech-heavy Nasdaq Composite added 1.5 per cent. US equities last week
Turkish authorities have launched a crackdown on developers connected to buildings that were toppled by this week’s devastating earthquake as president Recep Tayyip Erdoğan faces growing discontent over the quality of construction in the stricken region. The justice ministry has authorised almost 150 local prosecutors’ offices to set up earthquake investigation units to probe contractors,
Debt market specialists have been banging the drum on this for months: bonds are back. Now it appears this message has cut through sufficiently clearly — particularly on corporate bonds — that the popularity of the bet is one of the few things they think could hold the asset class back, at least in the