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  • Dow Futures Little Changed, Chegg Tanks 21.5% After Earnings

    Dow Futures Little Changed, Chegg Tanks 21.5% After Earnings0

    U.S. stock futures were trading in a tight range during Monday’s evening deals, after major benchmark averages finished the regular session lower as rising yields put pressure on risk-sensitive assets ahead of key speeches set to be delivered by Federal Reserve officials later in Tuesday’s session. By 18:30 ET (23:30 GMT) Dow Jones futures, S&P

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  • Asia FX Drifts Lower On Hawkish Fedspeak, Weekly Losses On Tap

    Asia FX Drifts Lower On Hawkish Fedspeak, Weekly Losses On Tap0

    Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data released earlier showed that the country’s economy was beginning to pick

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  • China Q4 GDP Slows on COVID Woes, But Beats Expectations

    China Q4 GDP Slows on COVID Woes, But Beats Expectations0

    The Chinese economy grew at a slower pace in the fourth quarter of 2022, data showed on Tuesday, as disruptions caused by the country’s now relaxed zero-COVID policy weighed heavily on business activity, although the reading still beat expectations. Chinese gross domestic product (GPD) grew at an annualized rate of 2.9% in the three months

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  • jerome Powell to Set Stage For Slowing Fed ate Hikes Amid Hawkish Tone

    jerome Powell to Set Stage For Slowing Fed ate Hikes Amid Hawkish Tone0

    Jerome Powell is scheduled to deliver a speech, nominally focused on the labor market, at an event on Wednesday hosted by the Brookings Institution in Washington. It will be one of the last from policymakers before the start of a quiet period ahead of their Dec. 13-14 gathering. Chair Jerome Powell is expected to this

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  • Oil Prices Hover Near 8-Mth Low as Recession Fears Dent Outlook

    Oil Prices Hover Near 8-Mth Low as Recession Fears Dent Outlook0

    Oil prices held near eight-month lows on Monday after falling sharply last week, as markets feared that slowing global economic activity will dent demand for crude. London-traded Brent oil futures rose 0.3% to $85.29 a barrel, while U.S. West Texas Intermediate futures were unchanged at $78.67 a barrel by 21:30 ET (01:30 GMT). Both contracts

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  • Dow Futures Tick Higher After Indices Post Their Worst Week Since June

    Dow Futures Tick Higher After Indices Post Their Worst Week Since June0

    US. stock futures were trading slightly higher during Sunday’s evening deals, after major benchmark indices posted their greatest weekly losses in 3 months, with investors remaining cautious amid persistent inflation fears ahead of Federal Reserve’s two-day meeting and rate decision later this week. By 19:10 ET (23:10 GMT) Dow Jones Futures and S&P 500 Futures

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