Markets
Global stocks stumble as yields rise on tight US labor market
Bonds sold off and global equity markets failed to fully shake off New Year blues on Thursday after U.S. unemployment data indicated a resilient labor market, tempering expectations of Federal Reserve interest rate cuts in 2024.
PSEi closed higher by 104 points on Day One 2024 trades
Share prices surged 104 points Tuesday on the first trading day of the year, with the benchmark Philippine Stock Exchange index closing at 6,553.04 points.
Asia shares at five-month highs as rate bets pile up
Asian shares touched five-month highs on Thursday as market wagers on ever-more aggressive rate cuts extended a huge rally in U.S. stocks and bonds, but also left plenty of scope for disappointment next year.
Emerging markets’ stocks jump, led by heavyweight China shares; FX steady
Emerging markets stocks rose to their highest levels since August on Wednesday, led by gains in Chinese shares on positive economic data, while currencies remained steady as bets on U.S. interest rate cuts lingered.
US inflation decelerating in boost to economy
U.S. prices fell in November for the first in more than 3-1/2 years, pushing the annual increase in inflation further below 3 percent, and boosting financial market expectations of an interest rate cut from the Federal Reserve next March.
