TOKYO—Global shares were mixed in muted trading Tuesday as investors tried to digest a slew of economic data and awaited moves by the U.S. Federal Reserve. France’s CAC 40 fell 0.1 percent in early trading to 7,363.24. Germany’s DAX added nearly 0.1 percent to 15,659.63. Britain’s FTSE 100 edged up less than 0.1 percent to…
Global Shares Mixed as Investors Watch Fed Moves, Inflation
March 7, 2023
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Wall Street Holds Steady Ahead of a Potentially Big Week
NEW YORK—Stocks were mixed in quiet trading Monday as Wall Street stays in a holding pattern ahead of a potentially big week. The S&P 500 rose 2.78 points, or 0.1 percent, to 4,048.42 after coming off its first winning week in the last four. The Dow Jones Industrial Average gained 40.47, or 0.1 percent, to…
Swiss National Bank Reports Annual Loss of 132.5 Billion Swiss Francs
ZURICH—The Swiss National Bank reported on Monday an annual loss of 132.5 billion Swiss francs ($141.54 billion), in line with the provisional calculations it announced in January. The loss, the biggest in the central bank’s 115-year history, was caused by a plunge in the value of the SNB’s investments caused by bond and stock market…
Wall Street Opens Higher as Focus Shifts to Powell’s Testimony
Wall Street’s main indexes opened higher on Monday, as Treasury yields retreated ahead of Federal Reserve Chair Jerome Powell’s testimony and jobs data this week that could offer fresh cues on the trajectory of interest rates. The Dow Jones Industrial Average rose 34.35 points, or 0.10 percent, at the open to 33,425.32. The S&P 500…
World Stocks Gain After Wall Street Has Best Day in 6 Weeks
March 6, 2023
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BANGKOK—Shares were mostly higher Monday in Europe and Asia after strong data on the U.S. economy sent Wall Street to its best close in six weeks. Germany’s DAX gained 0.4 percent to 15,644.08 and the CAC 40 in Paris was up 0.7 percent at 7,397.31. London’s FTSE 100 edged 0.1 percent lower to 7,941.38. The…
Dollar Eases Ahead of Powell’s Testimony and Pivotal Monthly Jobs Data
LONDON—The U.S. dollar eased on Monday as investors awaited testimony from Federal Reserve Chair Jerome Powell ahead of the February jobs report at the end of the week that will likely influence how much more the U.S. central bank will raise interest rates. The dollar index, which measures the performance of the U.S. currency against…
Oil Down on China Outlook, Spotlight on Powell Testimony
March 6, 2023
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Oil prices slipped on Monday after China set a lower-than-expected target for economic growth this year at around 5 percent, and as investors cautiously awaited U.S. Federal Reserve Chair Jerome Powell’s testimony this week. Brent crude futures were trading down 53 cents, or 0.6 percent, at $85.30 a barrel at 0735 GMT. U.S. West Texas…
Buffett On Buybacks
March 4, 2023
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Commentary Warren Buffett defended stock buybacks in Berkshire Hathaway Inc.’s 2022 Annual Report (pdf), pushing back on those railing against the practice he believes benefits all shareholders. “When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued…
Stocks Jump as Wall Street Cruises to Best Day Since January
NEW YORK—Stocks rallied Friday to send Wall Street to its best day in six weeks. The S&P 500 rose 1.6 percent to cap its first winning week in the last four as relaxing yields in the bond market took some pressure off Wall Street. It’s found some stability following a swift rise and fall to…
Wall Street Opens Higher as Yields Pull Back
Wall Street’s main indexes opened higher on Friday as Treasury yields took a breather from a week-long rally sparked by worries that the Federal Reserve would keep interest rates higher for longer. The Dow Jones Industrial Average rose 72.76 points, or 0.22 percent, at the open to 33,076.33. The S&P 500 opened higher by 16.67…
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