Wall Street indexes rebounded sharply after a measure of wholesale price inflation showed a weakening trend in July, as investors look forward to the release of consumer price inflation on Wednesday. The Nikkei 225 in Japan soared after the yen drifted lower.
U.S. and world markets struggled to adjust after a week of wild swings amid economic growth worries and rate path uncertainties. This week investors are looking forward to inflation updates in the U.S., a GDP estimate in the Eurozone, and retail sales growth estimate in China.
Investors are hoping that inflation and retail sales updates this week will provide additional support for stabilizing markets after wild swings in the previous week.
A broad rally on Wall Street lifted mega-cap to micro-cap stocks as investors shook off economic slowdown worries that sparked a sell-off earlier in the week, and set the stage for a strong rally in Asian markets on Friday.
Market indexes on Wall Street jumped more than 1% after weekly jobless claims rose less than expected, soothing fears of deteriorating labor market conditions.
Global markets rebounded for the second day in a row as market sentiment stabilized. The trade surplus of Germany held steady, but that of China expanded amid solid demand for Chinese products. The Japanese yen may face another bout of selling in the near future.
Stocks and market indexes rebounded for the second day in a row on Wall Street as investors searched for bargains in the recently beaten-down mega-cap tech stocks.
U.S. and global markets are likely to trade volatile for the next few weeks as investors reassess the U.S. economic growth outlook, labor market conditions, and rising tensions in the Middle East.
U.S. major stock averages recovered from previous session's lows, Treasury yield rebounded from over a year low, and the U.S. dollar gained ground against the Japanese yen.
Global markets extended the previous week's losses as investors recalibrated the US economic outlook. U.S. and European markets dropped between 2% and 3%. Japan's Nikkei 225 plunged more than 12%, its second-worst decline since the launch of the index about 74 years ago.
High-flying tech stocks plunged in Monday's trading as investors avoided artificial intelligence-linked stocks. The yield on U.S. Treasury notes dropped for the third day in a row as recession fears gather momentum on Wall Street.
Worries of a weakening economic backdrop raised fears of a further slowdown in corporate earnings in the second half, sending ripples around the world. The 10-year Treasury yield dropped below 4% and to the lowest since February.
Benchmark indexes turned volatile after initial jobless claims rose to a one-year high, unit labor cost increases slowed in the second quarter, and factory activities shrank in July.
