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  • Nov 27, 2024

Emerging-Market Currencies Wobble While Brazil Sees Selloff

(Bloomberg) -- Emerging-market currencies closed little changed after being whipsawed in a session marked by low trading volume before the US holiday and a steep selloff for Brazilian assets. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldLosses for Brazil’s real mixed w

  • Nov 27, 2024

Morning Bid: Tech stocks drag US indexes lower as tariff talk clouds markets

Investors were grappling with fresh U.S. inflation data and its implications for Federal Reserve policy along with continued fallout from Donald Trump's tariff pledges as trading in the U.S. was thinning out ahead of the Thanksgiving holiday. Asian markets were waking up to a tepid day for U.S. equities, with technology shares leading major indexes lower. Data showed the personal consumption expenditures (PCE) price index -- an inflation gauge followed by the Fed -- rose 2.3% in the 12 months through October, a slight uptick from the prior month.

  • Nov 27, 2024

Consumer-related stocks help lift TSX to record closing high

(Reuters) -Canada's stock market rose to a record high on Wednesday, led by gains for the utilities and consumer-related sectors, as long-term borrowing costs fell and investors grew less anxious about the prospect of sweeping U.S. tariffs on imports from Canada. The Toronto Stock Exchange's S&P/TSX composite index ended up 83.16 points, or 0.3%, at 25,488.30, eclipsing the record closing high it posted on Friday. Investors have "had a day to think about the tariff situation and maybe it's not as bad as they originally thought," said Michael Sprung, president of Sprung Investment Management.

  • Nov 27, 2024

RBA’s Bullock Says Inflation Too High to Consider Rate Cuts

(Bloomberg) -- Australia’s core inflation is “too high” to consider interest-rate cuts in the near term, Reserve Bank Governor Michele Bullock said, reiterating that there’s still some way to go before prices return sustainably to target.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier Seas“The word ‘sustainably’ is important because it recognizes that we

  • Nov 27, 2024

Hong Kong offers grants to boost tokenised bond issuance in goal to become crypto hub

The Hong Kong Monetary Authority (HKMA) will subsidise some companies in issuing tokenised bonds in the local market, as the city forges ahead in incorporating blockchain in the financial services sector amid a push to become a virtual-asset hub. The city's de facto central bank has launched a three-year grant scheme that will hand out up to HK$2.5 million (US$321,000) in subsidies per issuance to qualified tokenised-bond issuers, for a maximum of two issuances, the HKMA said on Thursday. Tokeni

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