Markets

23 Mins AgoAustralia's factory and services activity forecast to contract in MarchAustralia's services and factory activity is expected to fall into contraction territory in March, based on estimates by Juno Bank.Manufacturing purchasing managers index in March came in 48.7, while the services PMI came in at 48.2, down from 50.5 and 50.7 in…

© Reuters By Ambar Warrick Investing.com-- Oil prices fell in Asian trade on Thursday tracking weak economic signals from the Federal Reserve, while media reports suggested that OPEC+ will likely keep output unchanged next month, despite a recent crash in prices.  A three-day recovery rally in crude ran out of fuel after the Fed , but…

26 Mins AgoHealthcare and consumer cyclicals lead Hang Seng higherThe Hang Seng index led gains in the Asia-Pacific region on Wednesday, powered by health-care and consumer cyclical stocks.Shares of Geely saw the biggest moves, up 7.16% after the automaker posted a 45.6% year on year gain in revenue for the whole of 2022 and a 8.5% rise in…

19 Mins AgoMoody's changes UBS' outlook to negative from stableMoody's Investors Services affirmed its ratings of UBS Group AG while changing its outlook on the long term deposit and senior unsecured ratings from stable to negative.The action comes after UBS agreed to acquire Credit Suisse for $3.2 billion as regulators look to shore up…

Lower mortgage rates lure some homebuyers backThe daily average mortgage rate topped 7% a week ago last Wednesday reaching a four-month high. However, the banking crisis that has been unfolding in the United States has helped drive down the interest on home loans. The daily average of 30-year fixed-rate mortgage ended this week at 6.55%, half a…

(Bloomberg) -- Bond investors battered by the wildest swings in decades are hunkering down for their next big test: navigating the Federal Reserve’s response to the mounting financial instability that threatens to derail its fight against inflation.Most Read from BloombergNo matter what the central bank does, investors face more pain after…

A nascent rally in China’s major state-owned companies may have legs, amid hopes that more official support to revive the sector and plans for higher dividends will help extend the momentum of the country’s hottest stock trade this year. A gauge of the largest government-backed stocks has gained 7% so far in 2023, outperforming the benchmark CSI…

55 Mins AgoNew Zealand to ban TikTok for devices with access to parliamentary networkNew Zealand will ban TikTok for devices with access to the parliamentary network, Reuters reported, citing Parliamentary Service Chief Executive Rafael Gonzalez-Montero.Gonzalez-Montero told Reuters in an email that the decision was made after consultation with…

10:37 p.m. ET, March 15, 2023 Why did SVB get special treatment?…

Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures, following mixed Chinese economic data. X Lennar (LEN) headlined earnings after the close, with LEN stock signaling a buy signal late. The stock market jumped Tuesday morning as banks such as First Republic Bank (FRC), Western Alliance Bancorp…