This website’s original language is English. For translation, click the globe icon or choose Translate in the menu.
6 matching records found
The Nasdaq rose 1.1% as the US 10-year yield held above 5%. China's growth beat forecasts and Brazil's inflation index topped estimates. The post Nasdaq Gains 1.1% as US Yields Hold Above 5% | Global Economy, Oct 20 appeared first on The Rio Times.
Tom Porcelli, chief economist at Wells Fargo, says US consumers are "roughed up," but they are still spending. He says wages are struggling, but consumers are still feeling pretty good because a wealth effect is in place. He is on "Bloomberg Money." (Source: Bloomberg)
Wall Street rebounded, the dollar slipped and gold gained 1.07% to US$4,156, even after US producer prices rose 1.3%. Friday's data and Brazil's real in focus. The post Dow Gains 1.08% as Dollar and US Yields Ease | Global Economy, Oct 16 appeared first on The Rio Times.
Gene Tannuzzo, global head of fixed income at Columbia Threadneedle Investments, and Subadra Rajappa, head of research at Société Générale Americas, join Scarlet Fu on "Bloomberg Real Yield." US producer prices rose in September at the fastest pace in more than four years as higher energy costs reverberated through the US economy. (Source: Bloomberg)
Robert Sockin, chief US economist at PGIM, says the US economy needs two more rate hikes at a minimum and that “the broader direction is up” for interest rates even if the Federal Reserve does not move at this month’s meeting. (Source: Bloomberg)
More and more of the US economy is riding on the same trade.