Breaking News: Markets

Australia RBA meeting minutes, oil and currencies

SINGAPORE — Asia-Pacific markets were mostly buoyant on Tuesday while bitcoin continued to rise after a recent rebound. Meanwhile, Australia’s central bank says inflation will peak by the end of the year. Tea Shanghai Composite in mainland China traded higher at 0.22% while the Shenzhen Component gained by 0.15%. Hong Kong’s Hang Seng index climbed …

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Asia-Pacific markets mixed as investor sentiment remains fragile

In our view, the risks around a recession in 2023 can’t be ignored. Kerry Craig Global Market Strategist, JP Morgan Asset Management Japan’s Nikkei 225 rose 0.4% on the day to 26,431.20 while the Topix was up 0.64% to 1,867.81. Shares of fast-retailing were up 1.44% while robot maker Fanuc saw its stock climb 0.47%. …

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Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994

The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressive hike since 1994. Ending weeks of speculation, the rate-setting Federal Open Market Committee took the level of its benchmark funds rate to a range of …

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Markets are now bracing for the possibility of bigger Fed interest rate hikes ahead

As inflation climbs to new 40-year highs, expectations for interest rate increases from the Federal Reserve are escalating as well. With the rate-setting Federal Open Market Committee scheduled to hold a policy meeting this week, markets are ramping up their bets on the way things will go, particularly in the months ahead. There’s still about …

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Stocks like Planet Fitness & ChargePoint are winners in this market

Investors scrambling for safety amid the persistent market downturn have plenty of buying opportunities, analysts said this week. There’s still a bunch of stocks that are attractively valued that analysts believe have tremendous upside even amid the growing concerns the economy is barreling toward a recession induced by a 40-year high in inflation. CNBC Pro …

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