ECM

S&P 500, Nasdaq end higher in choppy session as inflation data looms

S&P 500, Nasdaq end higher in choppy session as inflation data looms

All eyes on US CPI data on Wednesday Peloton falls as CEO says business “thinly capitalized” Indexes: Dow down 0.3%, S&P 500 up 0.3%, Nasdaq up 1% NEW YORK, May 10 (Reuters) – The S&P 500 and Nasdaq ended higher on Tuesday, with big growth shares rising after the previous day’s selloff as Treasury yields …

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Wall Street dips while treasury yields, oil prices drop

Wall Street dips while treasury yields, oil prices drop

NEW YORK, May 10 (Reuters) – Wall Street stocks turned lower in a volatile session and oil prices fell on Tuesday with risk appetite appearing to falter as investors turned to safe havens such as Treasuries amid fears about inflation and slowing economic growth. US Treasuries rallied, with the yield on the benchmark 10-year note …

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South Korea's Yoon suggests 'bold' economic plan if North Korea abandons nukes

South Korea’s Yoon suggests ‘bold’ economic plan if North Korea abandons nukes

South Korea’s new president inaugurated on Tuesday Yoon made remarks after being sworn in Yoon has signaled a tougher line on North Korea But speech shows willingness to reopen denuclearization talks SEOUL, May 10 (Reuters) – South Korea’s new president, Yoon Suk-yeol, said on Tuesday that North Korea’s weapons programs pose a threat but that …

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Cryptoverse: Buying the dip?  Bitcoin's a rate rookie

Cryptoverse: Buying the dip? Bitcoin’s a rate rookie

A Bitcoin and Dollar note are seen in this illustration picture taken September 27, 2017. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register May 10 (Reuters) – Bitcoin has scant experience with rising interest rates, posing perils for investors looking to capitalize on its dramatic drop. The cryptocurrency has tanked along with …

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Protests break out as Philippines election returns a Marcos to presidency

Protests break out as Philippines election returns a Marcos to presidency

Marcos leads unofficial tally by wide margin over rivals Philippine stocks fall, but peso up following election About 400 anti-Marcos protesters rally outside poll commission Poll body dismisses appeals seeking to disqualify Marcos MANILA, May 10 (Reuters) – The Philippines woke to a new but familiar political landscape on Tuesday, after an election triumph by …

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'Like a prison': Shanghai, Beijing ratchet up COVID curbs

‘Like a prison’: Shanghai, Beijing ratchet up COVID curbs

Shanghai tells some to stay home, not receive deliveries Part of push to eliminate infections by late May -sources Chinese capital Beijing imposes tightest curbs so far Lawyers question legality of tough measures as anger grows China export growth weakest in two years SHANGHAI/BEIJING, May 9 (Reuters) – China’s two largest cities tightened COVID-19 curbs …

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Stocks suffer renewed slide on growth fears, dollar extends rally

Stocks suffer renewed slide on growth fears, dollar extends rally

LONDON, May 9 (Reuters) – Stocks fell heavily again on Monday and the dollar rocketed to a new two-decade high as worries about higher interest rates and a tightened lockdown in Shanghai deepened investors’ fears that the global economy is rapidly heading for a slowdown. After a bruising session on Friday in which US stocks …

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'Stop asking why': Shanghai tightens COVID lockdown, Beijing keeps testing

‘Stop asking why’: Shanghai tightens COVID lockdown, Beijing keeps testing

Shanghai tightens lockdown, curbs seen lasting into late May Millions in Beijing taking another round of COVID tests Many Chinese cities expected to adopt routine mass testing SHANGHAI/BEIJING, May 8 (Reuters) – Shanghai authorities were tightening the city-wide COVID lockdown they imposed more than a month ago, prolonging into late May an ordeal that China’s …

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