Morgan Stanley finds a way to trade the US dollar based on the obscure market’s accuracy on inflation

For much of the past few years, an obscure corner of the financial market has done a better job than professional forecasters with predicting where the US consumer price index report’s annual headline inflation rate will land. Now strategists at Morgan Stanley MS, +0.28% have found a way to trade on that accuracy. They propose … Read more

A strong dollar has been wrecking markets in 2022: Here are 3 things investors should know about what happens next

Last week, the US dollar etched a new entry in the financial history books when it briefly traded above parity with the euro EURUSD for the first time in a generation. While the greenback has pulled back from its highs this week, banks in Europe and the US – including UBS Group UBS, ING ING, … Read more

US inflation, recession concerns take a back seat in markets to someone else’s problems for now: Europe’s

Christine Lagarde, president of the European Central Bank, is shown near a flag posing with other officials from Europe at a summit in Brussels in June. Olivier Hoslet / Agence France-Presse / Getty Images A dearth of any meaningful US data over the next few days has shifted the financial market’s focus away from US … Read more

Dollar soars as recession fears finally hit the round-the-clock currency market

US and global recession fears have finally hit the round-the-clock currency market after more than a month of evaluation by traders – sending the dollar to its highest levels of almost 20 years as it jumped versus several rivals on mounting growth concerns. The ICE US Dollar Index DXY, + 1.39% rose 1.5% to 106.69 … Read more

Dow down more than 500 points as brutal first half comes to close

US stocks opened sharply lower on Thursday following the release of closelywatched inflation data, while Wall Street was headed for its worst first half of the year in more than 50 years. How are stock-index futures trading? The S&P 500 dropped 72 points, or 1.9%, to 3,746. The Dow Jones Industrial Average fell 509 points, … Read more

US stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market

US stock indices pushed higher after a wobbly start Wednesday, leaving Wall Street potentially on to gain ground after back-to-back losses, as investors tune in to remarks by central bankers while fretting that soaring inflation is damaging the world’s biggest economy. How are stock indexes trading? The Dow Jones Industrial Average DJIA, + 0.16% was … Read more

In `fragile ‘financial markets ahead of the Fed’s decision, some traders and strategists see risk of instant recession

Financial markets are on precarious footing since last Friday’s surprise reading on accelerating US inflation for May – with Treasurys, stocks, credit and currencies all exhibiting friction or tension ahead of the Federal Reserve’s interest-rate decision on Wednesday. According to strategist Ben Emons and trader Tom di Galoma, the process of transmitting monetary policy through … Read more

Strong dollar could spark repeat of 1990s ‘Asian Crisis’ if it crosses this threshold, former Goldman economist warns

Jim O’Neill, the former Goldman Sachs economist most famous for coining the term “BRICs,” told Bloomberg News Thursday that the US dollar could spark a new Asian financial crisis if the Japanese yen sinks to 150 against the greenback – a level last seen in 1990. Recently, there’s been a lot of speculation about how … Read more

What Did the Stock Market Do Today? Dow Ends Higher but Early Gains Fade.

Text size The Wall Street subway station near the New York Stock Exchange. AFP via Getty Images The stock market ended slightly higher Monday amid general optimism about the reopening of China’s economy and the boost it could provide to the global economy. Early gains fizzled, though, as bond yields ticked higher. The Dow Jones … Read more

Stock Market Today: Dow Bounces, Amazon Gains, Apple Rises

Text size The Wall Street subway station near the New York Stock Exchange. AFP via Getty Images The stock market rose slightly Monday amid general optimism about the reopening of China’s economy and the boost it could provide to the global economy. In midday trading, the Dow Jones Industrial Average advanced 58 points, or 0.2%, … Read more