Sumitomo Mitsui Markets Head Sees BOJ Rate at 30-Year High
  • March 11, 2025

Sumitomo Mitsui Markets Head Sees BOJ Rate at 30-Year High

(Bloomberg) -- The veteran head of markets at one of Japan’s largest banks sees the potential for the central bank to raise benchmark interest rates to a three-decade high of 2% if economic trends persist. Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionWhere New York City's Zoning Reform Will Add HousingOpen Philanthropy Launches $120 Million Fund To Sup

China’s Retail Investors Pile Into New Funds as Stocks Rally
  • March 11, 2025

China’s Retail Investors Pile Into New Funds as Stocks Rally

(Bloomberg) -- The excitement over China’s technology development that pushed the nation’s stocks to outshine their global peers has attracted a substantial inflow of money from retail investors at home.Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionWhere New York City's Zoning Reform Will Add HousingOpen Philanthropy Launches $120 Million Fund To Suppor

Euro buoyed by Ukraine ceasefire proposal, tariffs squeeze stocks
  • March 11, 2025

Euro buoyed by Ukraine ceasefire proposal, tariffs squeeze stocks

The euro was riding near five-month highs on Wednesday on Ukraine's readiness to accept a month-long ceasefire, while stocks whipsawed on back-and-forth U.S. tariff plans as levies on steel and aluminium imports kicked in. European equity futures jumped 1.1% and FTSE futures rose 0.5% on news the U.S. would restore military aid and intelligence sharing to Ukraine after Kyiv agreed to accept a U.S. ceasefire proposal. Russian Foreign Minister Sergei Lavrov said in an interview published on Wednesday, speaking in the context of a possible Ukraine peace deal, that Moscow will avoid compromises that would jeopardise people's lives, Russian agencies reported.

Gold Holds Gain as Markets Weigh Trade War, US Recession Risks
  • March 11, 2025

Gold Holds Gain as Markets Weigh Trade War, US Recession Risks

(Bloomberg) -- Gold held an advance, supported by haven demand after Wall Street was whipsawed by President Donald Trump’s on-off tariff plans and his latest comments downplaying fears of a recession.Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionWhere New York City's Zoning Reform Will Add HousingOpen Philanthropy Launches $120 Million Fund To Support Y