Stocks Fall After Powell Says Caution Is Needed on Rate Cuts

The S&P 500 fell 0.3% to kick off the week, and the benchmark 10-year Treasury yield climbed above 4.1%. 


 
BOJ to Mull Ending Stock-Buying Program When Inflation Goal in Sight, Gov. Says

Bank of Japan Gov. Kazuo Ueda said Tuesday that the bank would discuss the possibility of ending its stock-buying program when it becomes confident about achieving sustainable 2% inflation. 


 
RBA Shifts to Neutral Stance on Interest Rates

The Reserve Bank of Australia moved to a more neutral stance on interest rates but pointedly reminded markets not to rule out the prospect of a further interest rate increase if inflation remains sticky. 


 
German Factory Orders Soar on Aircraft Purchases

German manufacturing orders unexpectedly rose 8.9% in December, driven by bumper aircraft purchases, although excluding larger orders they still fell, reflecting a difficult economic environment. 


 
America Wanted a Homegrown Solar Industry. China Is Building a Lot of It.

China's biggest solar companies are expanding in the U.S., where they will reap generous government subsidies. 


 
Why London's Wealthy Are Renting Instead of Buying

Many well-heeled buyers now favor renting over purchasing property, as home prices and sales continue to stall across the city. 


 
Appeals Court Questions U.S. Regulators' Authority Over Private Funds

Federal panel hears Wall Street challenge to new rules for private equity, hedge funds. 


 
How a Delay in Rate Cuts Could Stifle Home Buyers

The housing market has started the year much the way it ended 2023: with high home prices and rising mortgage rates. 


 
Big Tech Stocks Find Little Room for Error After Monster Run

Facebook parent Meta was last week's standout after initiating its first dividend. 


 
First Bank of Canada Rate Cut Seen in April, Market-Participant Survey Suggests

The median from 27 responses indicated the first cut of a quarter-point, to 4.75%, would come in April. By December, a median of 27 responses had the Bank of Canada's policy rate sitting at 4%.


(END) Dow Jones Newswires

02-06-24 0315ET