Stocks Rally Stalls, Eyes Powell Testimony For Rate Clues

Global shares drifted on Monday, consolidating gains after hitting a 14-month high last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad gauge of world stocks was steady, with Wall Street markets closed for the Juneteenth holiday. In Europe, the Stock 600 share index fell 0.5% in early trading. After a week in which the stock market cheered the Fed’s…

"Stocks Rally Stalls, Eyes Powell Testimony For Rate Clues"

Global banks raise forecast to 4% peak for key ECB rate

Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to peak at 3.75%, following a 25 basis points (bps) hike in July, they said in notes after the central bank meeting. The ECB raised euro zone borrowing costs to their highest level in 22 years on Thursday and said stubbornly high inflation all but guaranteed another move next month and likely beyond that too. “The…

"Global banks raise forecast to 4% peak for key ECB rate"

4 Big Analyst Picks: Accenture Upgraded To Neutral Ahead of Q3 Earnings

Earlier this week, the company announced a $3 billion investment over three years in its Data & AI practice. The expansion includes new industry solutions, the AI Navigator for Enterprise platform, a Center for Advanced AI, and doubling their AI talent to 80,000 people. The company is set to report its Q3/23 earnings on June 22. Street estimates stand at $3.01 for EPS and $16.49B for revenues.Shift4 Payments upgraded to Outperform SVB Moffett Nathanson upgraded…

"4 Big Analyst Picks: Accenture Upgraded To Neutral Ahead of Q3 Earnings"

Toyota Wins Over Shareholders at AGM After Questions On Strategy, Governance

Toyota shareholders backed the board and voted down the first resolution proposed in 18 years at an annual general meeting (AGM) on Wednesday, an endorsement of the automaker a day after it laid out an extensive electric vehicle strategy. EV ROADMAP Toyota aims to produce more efficient, faster-charging versions of current batteries to improve EV driving range and cost, and, within the decade, mass produce game-changing solid-state batteries after saying it had overcome a technical…

"Toyota Wins Over Shareholders at AGM After Questions On Strategy, Governance"

Nikkei Closes Above 33,000 For The First Time In 33 Years

Japan’s benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology shares on expectations of a flood of investment in chip-related companies. SoftBank Group Corp jumped 5.25% on reports it may team up on an AI venture with Chat GPT operator Open AI and that its semiconductor unit Arm is in investment talks with Intel Corp (NASDAQ:INTC). Chip-testing equipment maker Advantest Corp soared 4.79%. Toyota Motor…

"Nikkei Closes Above 33,000 For The First Time In 33 Years"

European Stock Futures Edge Higher; Central Bank Decisions Seen Key

European stock markets are expected to drift higher at the open Monday, at the start of a week dominated by a series of key central bank meetings in the U.S., Asia and Europe. At 02:00 ET (06:00 GMT), the DAX futures contract in Germany traded 0.4% higher, CAC 40 futures in France climbed 0.3% and the FTSE 100 futures contract in the U.K. rose 0.4%. enteral bank decisions to drive stock markets European equities are…

"European Stock Futures Edge Higher; Central Bank Decisions Seen Key"

Kim Kardashian seeks Secret of Private Equity Success As Rising Rates Bite

Reality star Kim Kardashian’s arrival at a gathering of the globe’s top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry. Flanked by bodyguards, Kardashian drew a crowd of hundreds of executives at the Super Return industry event, saying she wanted to learn the secrets of investing having set up her own fund last year. Talking about her ambitions, Kardashian,…

"Kim Kardashian seeks Secret of Private Equity Success As Rising Rates Bite"

Asian Stocks Dip As Markets Weigh Fed Fears, China Stimulus Hopes

Most Asian stocks retreated on Thursday amid continued concerns over rising interest rates and slowing global economic growth, although optimism over more Chinese stimulus measures helped limit some losses. Chinese losses limited as state banks cut deposit rates China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes moved in a flat-to-low range, while Hong Kong’s Hang Seng lost 0.3% after the country’s biggest state-owned banks were seen cutting rates on yuan deposits. The move points…

"Asian Stocks Dip As Markets Weigh Fed Fears, China Stimulus Hopes"

Asian Stocks Edge Past Weak Economic Signals, Chinese Shares Lag

Most Asian stocks rose slightly on Wednesday as markets weighed worsening economic conditions in the region against the prospect of a pause in the Federal Reserve’s rate hike cycle this month. But China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes lagged their peers, reversing early gains after data showed the country’s trade surplus hit its lowest level since April 2022, driven by a sharp drop in exports. A steady decline in imports also raised…

"Asian Stocks Edge Past Weak Economic Signals, Chinese Shares Lag"

Exclusive-Accounting For War: Ukraine’s Climate Fallout

The war in Ukraine is deepening the climate crisis at time when global greenhouse gas emissions are already running at a record high, according to report by carbon accounting experts who have tallied the overall impact of the conflict. The report, which is due to be released on the sidelines of the U.N. climate summit in Bonn this week, calculates that the first 12 months of the war will trigger a net increase of 120…

"Exclusive-Accounting For War: Ukraine’s Climate Fallout"