S&P 500 Hits Intraday Record of 5000

A drumbeat of earnings reports drives moves in individual stocks. 


 
RBA Governor Says Board Hasn't Ruled Out, or Ruled In, Another Rate Hike

"An inflation rate with a four in front of it is not good enough and still some way from the midpoint of our target," she said. 


 
ANZ Sees RBNZ Raising Rate in February and April

The job of the Reserve Bank of New Zealand to tame inflation seems far from over, with ANZ forecasting two interest rate increases by April. 


 
Chinese Banks' January Loan Issuance Beat Expectations

Banks in China typically front-load lending at the start of the year after they get new loan quotas. 


 
HKEX CEO to Step Down Earlier Than Planned

Hong Kong Exchanges & Clearing Chief Executive Nicolas Aguzin will step down at the end of February, three months earlier than expected, as the international financier seeks to accelerate the leadership transition. 


 
Market May Be Too Optimistic on Fed Rate-Cut Outlook

The market is pricing in multiple interest-rate cuts by the Federal Reserve through 2024, but the current expectation could be overly optimistic and may drag on stocks if not realized. 


 
A Market Correction Could Be a Stockpickers' Paradise

After stocks' blistering start to the eyear, it isn't surprising that some strategists think the market could be due for a pause. 


 
Investors see risk that inflation was hotter than reported for the end of 2023

Inflation revisions don't generally make waves. But they did last year and it's for this reason that investors are preparing for what Friday's updated data might show. 


 
Bank of Mexico Holds Interest Rate Steady for Seventh Straight Time

The Bank of Mexico stayed on hold for a seventh consecutive time Thursday, while signaling it will consider interest-rate cuts at its following meetings. 


 
Dutch Pension Fund Sells Major Oil Stakes in $3 Billion Energy Divestment

PFZW says it sold its shares in Shell, BP and TotalEnergies as the companies have made 'insufficient steps' in the transition to cleaner fuel.


(END) Dow Jones Newswires

02-09-24 0515ET