Economic events

European stocks slide 2.8% after weak euro zone data, new UK economic plan

European stocks were sharply lower on Friday, as investors digested a raft of central bank decisions and a new economic plan from the U.K.The Stoxx 600 was down 2.8% in early afternoon trading, with all sectors and major bourses trading in the red.Oil and gas stocks and basic resources were the biggest fallers, both down …

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Asia’s developing economies are set to grow faster than China’s

Chinese laborers working at a construction site at sunset in Chongqing, China.Getty ImagesAsia’s developing economies may be showing signs of recovery, but the Asian Development Bank (ADB) cut its growth forecasts for them yet again — thanks to China’s prolonged zero-Covid policy.But this will be the first time in more than three decades that the …

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Stock futures are flat ahead of the Federal Reserve’s expected interest rate hike

Stock futures were flat Tuesday evening as traders look ahead to Wednesday’s interest rate hike announcement from the Federal Reserve.Dow Jones Industrial Average futures rose by 12 points, or 0.04%. S&P 500 and Nasdaq 100 futures climbed 0.07% and 0.07%, respectively.Stocks fell Tuesday on the first day of the Federal Open Market Committee’s meeting. The …

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Here’s why the $39 trillion U.S. retirement system gets a C+ grade

Siriporn Wongmanee / Eyeem | Eyeem | Getty ImagesThe U.S. retirement system may seem flush — yet it ranks poorly in relation to those in other developed nations.Collectively, Americans had more than $39 trillion in wealth earmarked for old age at the end of 2021, according to the Investment Company Institute.However, the U.S. places well …

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Treasury yields tick higher as traders anticipate the Fed’s next move

Treasury yields ticked higher early Monday as traders anticipate the U.S. Federal Reserve’s next moves in the face of persistently high inflation.The yield on the 2-year Treasury bond rose 7 basis points to trade at 3.93% at 6:41 a.m. ET, trading around levels not seen since 2007. The yield on the 10-year Treasury, meanwhile, gained …

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