Markets

Euro slides to 20-year low against the dollar as recession fears build

Euro slides to 20-year low against the dollar as recession fears build

A euro currency symbol sits on display in the visitor center at the European Central Bank (ECB) building in Frankfurt, Germany. Alex Kraus | Bloomberg | Getty Images The euro fell to its lowest level in two decades on Tuesday, sliding over 1% to hit $1.0305. It comes as fears of a recession in the …

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RBA rate decision, services PMI, currencies, oil

RBA rate decision, services PMI, currencies, oil

SINGAPORE — Shares in the Asia-Pacific mostly rose on Tuesday as the Reserve Bank of Australia hiked interest rates in line with expectations. South Korea’s Kospi increased 1.8% to close at 2,341.78, and the Kosdaq advanced 3.9% to 750.95. SK Hynix jumped 3.82% while Naver rose 3.4%. The Nikkei 225 in Japan gained about 1% …

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Where the experts say to put your money

Where the experts say to put your money

Volatile markets, inflation hitting new highs and the risk of recession are making things tough for investors right now. “Looking out over the next 10 years, the forces that drove the rapid outperformance of growth over value are unlikely to repeat,” Paul Danis, head of asset allocation at Brewin Dolphin , told CNBC. “Bond yields …

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To understand this vile market, study the dot-com crash of 2000

Forty years is an awfully long time. Yet that’s how much time has passed since we had an abomination like this first half of the year. Almost everything went down. Your stocks went down. Your bonds went down. Your house went down. Your crypto went down. The only thing that didn’t go down were the …

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Stock futures are flat after another losing week on Wall Street

Traders on the floor of the NYSE, July 1, 2022. Source: NYSE Stock futures were flat in overnight trading after the major averages finished another losing week. Stock futures tied to the Dow Jones Industrial Average slipped 30 points or 0.11%. S&P 500 futures dipped 0.08%, and Nasdaq 100 futures fell 0.04%. The moves come …

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UK Army’s Twitter and YouTube accounts hacked to promote crypto scams

A screenshot of the British Army’s Twitter profile when it was hacked, via Wayback Machine. Its profile and banner pictures were changed to resemble a nonfungible token collection called “The Possessed.” A hacker compromised the social media accounts of the British Army to push people toward cryptocurrency scams. The army’s Twitter and YouTube profiles were …

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Crypto lender Vauld halts withdrawals as market crash takes its toll

Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Crypto lender Vauld on Monday paused …

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Here are the China trends investors bet money on so far in 2022

A factory in Suqian, Jiangsu province, China, on May 9, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — By the numbers, manufacturing companies in China snagged the most investment deals in the first half of the year among 37 sectors tracked by business database Qimingpian. In fact, the number of early-stage to …

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Asia-Pacific markets are mixed as investors search for direction

SINGAPORE — Australian stocks rose more than 1% while Hong Kong and South Korean markets were lower on Monday ahead of Australia and Malaysia central bank decisions this week. The S&P/ASX 200 advanced 1.26%, with banking and retail stocks in the green. Japan and mainland China markets were also higher. The Nikkei 225 in Japan …

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Recession fears flare and jobs report looms as markets head to Q3

Investors are greeting the third quarter with greater trepidation about a recession, and that makes next Friday’s June jobs report a potentially bigger catalyst for markets than it might otherwise have been. The jobs report and Wednesday’s release of minutes from the Federal Reserve’s last interest rate meeting are expected to highlight the four-day, post-holiday …

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