PMI shocker from China, Fed hikes rates

By Jeffrey Halley  The extent of the impact of China’s Covid zero-policy on the domestic economy was highlighted Thursday morning as the Caixin Services PMI for April recorded its second-largest fall on

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Waiting for the Fed

By Jeffrey Halley  Markets are trading sideways in Asia, a continuation of the price action seen in New York, as the entire world awaits the outcome of the FOMC rate decision Wednesday

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Wild week ends

By Craig Erlam It’s been another wild ride in the markets this week, but indices are on course to end it roughly where they started. There has been a lot to digest

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Stability amid tech earnings

By Craig Erlam Equity markets stabilised a little in the middle of the week, with big tech earnings failing to steer them significantly one way or another. It’s been a mixed bag

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Meta makes Asia feel better  

By Jeffrey Halley  Equity markets were higher in Asia Thursday as US index futures rallied after Facebook-parent Meta posted minuscule growth in user numbers, along with robust financials. The results came too

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Jumpin’ Vlad flash cuts his gas

By Jeffrey Halley The Ukraine/Russia conflict has suffered some headline fatigue of late, and more than a little complacency by the world’s financial markets, as China’s slowdown fears grabbed centre-stage. The economic

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Tech gloom quickly fades

By Craig Erlam Stock markets pushed higher again on Thursday, with the Nasdaq taking part this time after Tesla reported strong figures for the first quarter. The doom and gloom following Netflix

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Tech glitch as Netflix disappoints

By Craig Erlam Wednesday was slightly better for stock markets in Europe as they continued to fluctuate in the same ranges they’ve traded in for the last month. US indices had a

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