US weekly unemployment figures hit a five-month low; darkening of the economic picture

Weekly drop in the number of unemployed from 16,000 to 193,000 Compensation continues to decline from 29,000 to 1.347 million GDP decline in the second quarter unreviewed at a rate of 0.6% Gross domestic income revised downwards towards GDP WASHINGTON, Sept. 29 (Reuters) – Americans applying for new unemployment benefits fell last week to a … Read more

The pound sterling plummets after the BoE buys bonds, the dollar has peaked in 20 years

NEW YORK / LONDON, Sept. 28 (Reuters) – The pound sterling plunged against the dollar on Wednesday before recouping losses after the Bank of England (BOE) said it would step in to support the government bond market and the dollar index touched a fresh 20 the annual high turnover was unstable. BOE said it would … Read more

Wall St deep into a bear market as the S&P 500 hits a new two-year low

The S&P 500 hit its lowest level since November 2020. Interest rate sensitive technologies, growth stocks pay off Energy reserves among the rare gainers Down Indices: Dow 0.56%, S&P 0.48%, Nasdaq 0.20% Sep. 27 (Reuters) – Major Wall Street indices plunged into bear markets on Tuesday as early stock price increases weakened after Federal Reserve … Read more

Cryptoverse: Bitcoin miners are stuck in the bearish pit

A representation of bitcoin can be seen in the illustrative photo taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS / Benoit Tessier Sign up now for FREE unlimited access to Reuters.com Register September 27 (Reuters) – Reflect on a besieged bitcoin mine. In late 2021, miners were toasting the city … Read more

The raging dollar holds its breath as the bears prepare stocks

Sign up now for FREE unlimited access to Reuters.com Register HONG KONG, Sept. 27 (Reuters) – Asian markets tried to stabilize on Tuesday after a crazy couple of days during which most assets, except for the dollar, fell as the dollar eased slightly and equities fell. The pound sterling, which fell to a record low … Read more

Pound sterling drops to record lows, dollar soars on UK fiscal unrest

A woman is holding British pound banknotes in this picture from May 30, 2022. REUTERS / Dado Ruvic / Ilustracja / Sign up now for FREE unlimited access to Reuters.com Register TOKYO, Sept. 26 (Reuters) – The pound sterling plunged to a record low on Monday as traders rushed to exits amid speculation that the … Read more

Sterling collapses when investors run for dollars

Sign up now for FREE unlimited access to Reuters.com Register The pound sterling hits a record low; BOE reaction risk the euro down 1%; Aussie, kiwi, yuan hit their multi-year lows S&P 500 futures down 0.6% SYDNEY, Sept. 26 (Reuters) – The pound sterling dropped to a record low on Monday, sparking speculation about the … Read more

Morning bidding: doom FX loops in Asia

Japanese yen and US dollar banknotes are shown in this picture taken on September 23, 2022. REUTERS / Florence Lo / Ilustracja Sign up now for FREE unlimited access to Reuters.com Register September 26 (Reuters) – Jamie McGeever’s look at the upcoming day in Asian markets Expect an ugly opening in Asian markets on Monday … Read more