S&P 500 falls to two-year low, bear market rally snuffed out

Sept 27 (Reuters) – The S&P 500 (.SPX) fell to its lowest level in almost two years on Tuesday on worries about super aggressive Federal Reserve policy tightening, trading under its June trough and leaving investors appraising how much further stocks would have to fall before stabilizing. Stocks have been under pressure since late August … Read more

Cryptoverse: Bitcoin miners get stuck in a bear pit

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register Sept 27 (Reuters) – Spare a thought for the beleaguered bitcoin miner. In late 2021, miners were the toast of the town with … Read more

World stocks edge above Nov 2020 lows, sterling recovers some ground

Register now for FREE unlimited access to Reuters.com Register Dollar eases from 20-year highs reached Monday German 10-year bond yields hit near 11-year highs Oil rallies from Monday’s nine-month lows LONDON/HONG KONG, Sept 27 (Reuters) – World stocks picked up from 21-month lows on Tuesday and sterling rallied after hitting record lows versus the dollar … Read more

Analysis: Crowd of dollar bulls raises risk of violent pullback

A teller counts U.S. dollars at a money changer in Jakarta, Indonesia May 18, 2015. REUTERS/Nyimas Laula/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 26 (Reuters) – Some investors are growing concerned the dollar’s meteoric rise is setting the stage for a rapid reversal, which would bruise those who … Read more

Market chaos forces UK lenders to pull mortgage products

Property estate agent sales and letting signs are seen attached to railings outside an apartment building in south London, Britain, September 23, 2021. REUTERS/Hannah McKay Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 26 (Reuters) – Turmoil in British financial markets forced mortgage lenders to temporarily withdraw and reprice products for new … Read more

Oil prices fall for a second day on concerns for expected recession

Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Sept 26 (Reuters) – Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by … Read more

Morning Bid: Pounded | Reuters

Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in European and global markets from Tom Westbrook Sterling’s freefall extended to new lows on Monday as investors emphatically reject British finance minister Kwasi Kwarteng’s programme of subsidies and unfunded tax cuts. The pound, the most liquid method for betting … Read more

Sterling collapses as investors fly into dollars

Register now for FREE unlimited access to Reuters.com Register Sterling hits record low; risk of BOE response Euro down 1%; Aussie, kiwi, yuan hit multi year lows S&P 500 futures drop 0.6% SYDNEY, Sept 26 (Reuters) – Sterling slumped to a record low on Monday, prompting speculation of an emergency response from the Bank of … Read more

Inflation fight can avoid deep pain, Atlanta Fed president says

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 25 (Reuters) – Atlanta Federal Reserve President Raphael Bostic said on Sunday he still … Read more

UK market meltdown? Nothing to see here, minister says

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 24 (Reuters) – Britain’s deputy finance minister on Saturday played down a historic collapse in the pound and government bonds in response to the country’s new economic growth plan, which sent international investors heading for the exit. The pound slumped 3.6% on Friday below … Read more