Breadcrumb Trail Links PMN Business Author of the article: Reuters Tom Westbrook and Stella Qiu Article content SINGAPORE/SYDNEY — Volatility has exploded in an obscure but important corner of Australia’s $113-billion-a-day interest-rate derivatives market, with disruption flowing across fixed income products. Dealers say the typically stable market for swapping fixed and floating rate payments has … Read more
G0d4ather/iStock via Getty Images The Industrial Select Sector SPDR (XLI) was the among the only three gainers out of the 11 S&P 500 (SP500) sectors for the week ending Nov. 4 (+0.48%). Kanzhun swung back into gains after diving ~24% last week, while earnings was the major theme among this week’s worst five performers. The … Read more
Joe Biden traded jailed ‘drug lord’ Bashir Noorzai for naval veteran ‘hostage’ Mark Frerichs US President Joe Biden on Monday announced the release of Mark Frerichs, a US Navy veteran who disappeared in Kabul in 2020 while working as a civilian contractor. Meanwhile, the Taliban government of Afghanistan reported the return of Haji Bashir Noorzai, … Read more
(Bloomberg) — Rates traders are now betting that the Federal Reserve will lift its benchmark rate by at least three-quarters of a percentage point next week, with some chatter that the increase might need to be even bigger than that after consumer-price inflation data came in hotter than expected. Most Read from Bloomberg Investors are … Read more
MF3d/iStock via Getty Images Wall Street saw stocks plummeting and Dow dropping more than 1,000 points while Nasdaq declined ~4% after Federal Reserve Chairman Jerome Powell’s hawkish remarks at the Jackson Hole Economic Symposium, warning that the fight against inflation could lead to “some pain” for the economy. While Enovix was the top gainer on … Read more
MicroStockHub/iStock via Getty Images The week did not see extravagant gains among industrial stocks with Encore Wire leading the gainers, while Rocket Lab and two others in last week’s top five list landed among this week’s losers. The S&P 500 snapped out of a four-week winning streak and saw six out of the 11 sectors … Read more
Seven years ago, German striker Alexandra Popp had to put her three-year zookeeping course on hold for more than six months to play for Germany in the FIFA Women’s Football World Cup in Canada. While Germany reached the semi-finals in the world cup, Popp returned to the zoo in Essehof to complete her course. On … Read more