Economic events

Stocks open little changed as investors await Powell speech

Stocks open little changed as investors await Powell speech Stocks were flat on Wednesday as Wall Street awaits an afternoon speech on the economy from Federal Reserve Chair Jerome Powell. S&P 500 was essentially little changed, with the benchmark looking to snap a 3-day losing streak. The Dow Jones Industrial Average gained 11 points, also …

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Euro zone inflation rate eases to 10% in November as energy prices slow

Euro zone inflation rate eases to 10% in November as energy prices slow Markets track the latest inflation data out of the euro zone ahead of a new ECB meeting. Julien DeRosa | dpa | Getty Images Inflation in the euro zone slowed slightly in November, according to preliminary figures out Wednesday, with prices coming …

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Stocks fall as Chinese Covid protests dampen market sentiment

Stocks fall as Chinese Covid protests dampen market sentiment Stocks fell Monday as social unrest from China’s prolonged Covid restrictions weighed on markets, sending oil prices lower — after Wall Street notched gains during the Thanksgiving holiday-shortened week. The Dow Jones Industrial Average fell more than 60 points, or 0.2%. The 30-stock average briefly tumbled …

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Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; US markets closed

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; US markets closed Hong Kong movers: Casinos, technology stocks drop on rising China case numbers Hong Kong-listed stocks related to reopening and technology fell in Asia’s morning session following reports of a surge of Covid cases in China. Shares of casino operator MGM China …

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Recession will be an inch deep but a mile wide, says UBS strategist

Recession will be an inch deep but a mile wide, says UBS strategist Global economic conditions will shift next year and that’s going to flip which markets and sectors underperform, according to the chief strategist of UBS Investment Bank. Bhanu Baweja told CNBC’s “Squawk Box Europe” on Wednesday that between one-third and half of the …

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Stock futures are little changed as investors look ahead to Fed meeting minutes

Stock futures are little changed as investors look ahead to Fed meeting minutes Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 9, 2021. Brendan McDermid | Reuters US stock futures were little changed on Tuesday night, as investors looked ahead to Federal Reserve meeting minutes for …

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New Zealand interest rate hikes, inflation data

New Zealand interest rate hikes, inflation data Malaysia stocks little changed as nation’s wait for new prime minister continues Malaysia-listed stocks were little changed as the country’s political deadlock continues and local media reported Malaysia’s king, the Yang di-Pertuan Agong, will make a decision, without giving a timeline. The benchmark KLCI index was down 0.09% …

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Hong Kong stocks lead losses as China Covid cases rise; Asia markets mixed

Hong Kong stocks lead losses as China Covid cases rise; Asia markets mixed JD.com shares drop after company cuts senior management pay Hong Kong-listed shares of JD.com traded more than 5% lower in the afternoon after the company confirmed pay cuts of its senior management team. The Chinese e-commerce giant confirmed that it will slash …

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