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  • Dec 16, 2024

Over 90% of market players expect BOJ to keep rates steady this week, survey shows

Over 90% of market participants expect the Bank of Japan to keep interest rates steady at this week's policy meeting, a survey by money market brokerage Ueda Yagi Tanshi showed on Tuesday. The survey was conducted on Dec. 12-16 targeting 150 banks, securities firms, insurers and other financial institutions, ahead of the central bank's two-day meeting ending on Thursday. Of the total, 91% said they expect the central bank to keep short-term interest rates unchanged at 0.25% this week.

  • Dec 16, 2024

Is the GM stock rally just beginning?

Bank of America's John Murphy stops by to discuss why it's good to be GM right now and for the foreseeable future. GM has secured the Yahoo Finance Surprise of the Year award.

  • Dec 16, 2024

Luxury Stocks Find China Solace to End Bad Year on Brighter Note

(Bloomberg) -- A December rebound in European luxury-goods stocks is easing the pain for investors after a year characterized by concerns over weakening demand in the key market of China.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearOptimism is returning following numerous rounds of Chinese stimulus to rejuvenate the world’s second-biggest economy, which have put shares i

  • Dec 16, 2024

China capital markets outflow hits record high in Nov after Trump election win

SHANGHAI (Reuters) -China's capital markets outflow reached a record high of $45.7 billion in November, according to official data tracking cross-border payments, as Donald Trump's U.S. presidential election win roiled global portfolio flows. Cross-border receipts from portfolio investments were $188.9 billion, while payments totalled $234.6 billion, resulting in the biggest monthly deficit on record, according to data from China's foreign exchange regulator. The data release comes as China's policy-driven stock market rally that started in late September is losing steam, while the yuan has slumped against the dollar in the face of tariff threats from Trump.

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