FTSE bounces back ahead of budget and Wall Street pushes higher
The FTSE came back despite UK business confidence falling to a four-month low ahead of the budget.
The FTSE came back despite UK business confidence falling to a four-month low ahead of the budget.
By Laura Matthews, Tom Westbrook, Stefano Rebaudo NEW YORK/SINGAPORE (Reuters) -The yen hit three-month lows against the dollar on Monday, as Japan's ruling coalition's election...
- The Japanese general election over the weekend saw a political shakeup with the loss of the ruling bloc's parliamentary majority, and Citigroup looks at the...
- The Japanese general election over the weekend saw a political shakeup with the loss of the ruling bloc's parliamentary majority, and Citigroup looks at the...
September's Personal Consumption Expenditures (PCE) index and October's jobs report are on the horizon for this week, with the Federal Reserve and investors anticipating what fresh economic data could mean for interest rates. Summit Place Financial Advisors founder and president Liz Miller joins Wealth! to share her perspective on current market dynamics as new inflation and labor figures pour out. "We're all living in a very precarious time going into this election, so, of course, that seems to dominate our thinking," she acknowledges. However, looking beyond the election noise, Miller points to the ongoing earnings season as relatively stable. "It's all going to be about the economics because what we really want to know is will the Fed be continuing to lower rates into the end of the year and what does that pace look like," she tells Yahoo Finance. With this outlook, Miller highlights Equity Residential (EQR) as an investment opportunity. She notes it is "the largest residential REIT," offering a 3.5% yield and positioned to benefit from lower interest rates. "As home sales and home activity picks up, this is going to be a continued beneficiary. So I think this is an easy buy for a two to three-year hold," Miller states. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
The Japanese yen fell to a three-month low early Monday after the country’s ruling party lost its majority following a snap election by new Prime Minister Shigeru Ishiba. The coalition led by the Liberal Democratic Party won 215 seats, falling short of the 233 needed for a majority. The result and ensuing political situation could ease the pace of Japan’s interest-rate hikes.
The latest investor updates on stocks that are trending on Monday.
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U.Today - The 50-day moving average (50 MA) crossing above the 200 MA is known as a golden cross in trading, and it frequently causes traders to become slightly more excited than...
LONDON (Reuters) - British business confidence sank to a four-month low in October ahead of the first budget plan from the country's new government, a survey showed on Monday,...