Australia

Wall Street takes a breath after Powell rally while dollar falls

Reuters | December 1, 2022

By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – Wall Street equities made little progress in Thursday’s choppy session as investors digested economic data after a big rally in the previous session from U.S. Federal Reserve signals that it would slow its interest rate hiking pace. The U.S. dollar index fell to its lowest […]

Wall Street rebounds with a vengeance after initial inflation sell-off

Reuters | October 13, 2022

By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – Wall Street stock indexes made a dramatic recovery, closing sharply higher after an earlier sell-off on Thursday while the dollar gave up earlier gains as investors poured back into riskier bets after digesting a red-hot U.S. inflation reading that fueled bets for a big Federal […]

Stocks soar, yields slide on hints of cooling economy

Reuters | October 4, 2022

By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks and oil on Tuesday posted strong gains for a second straight day while U.S. Treasury yields slid as investors wondered if global efforts by central banks to fight inflation may ease in the future. A new report showing shrinking U.S. job openings, a weaker read of U.S. manufacturing […]