Hike

Bank of England set to spoil party mood with another interest rate hike

Bank of England officials are expected to take their foot off the accelerator when they meet this week to decide how much the cost of borrowing should rise. The prospect of a year-long recession that would hit living standards, reduce business investment and damage the UK economy’s long-term productive capacity might have made them think …

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Dow Jones plunges 480 points as investors fear Fed rate hike through 2023

Dow Jones plunges 480 points as investors fear Fed rate hike through 2023

Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average sold more than 480 points on Monday. Tesla stock plunged after several reports announced that Tesla plans to cut production of electric vehicles in China as demand appears to be weakening. X The electric vehicle giant has refuted the reports, …

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Investors remain cautious despite November funding hike to $1.27 billion

Investors remain cautious despite November funding hike to $1.27 billion

Indian startups raised $1.27 billion in funding in November – the highest in a month since June, when a funding slowdown became palpable and began to hit India’s funding market. The rise in funding last month was primarily driven by early and growth-stage funding rounds that crossed the $1 billion mark in revenue after more …

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Why the stock market is suffering its worst rate hike cycle performance ever

Why the stock market is suffering its worst rate hike cycle performance ever

Anyone watching the market knows that stocks have been hammered since the Federal Reserve started in March, which turned into an aggressive series of interest rate hikes, but Deutsche Bank strategists say they might be surprised to learn that these rate hikes are probably not the culprit. The S&P 500 SPX, -0.32% has experienced a …

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New Zealand Achieves Biggest Rate Hike Ever;  Asia-Pacific stocks mixed ahead of Fed minutes

New Zealand Achieves Biggest Rate Hike Ever; Inflation in Singapore fell in October

UBS expects full reopening of China by Q3 2023 UBS Wealth Management expects a full reopening for China by the third quarter of next year due to a number of factors. “We think it takes time for the government to want to review public messaging because [some] the concerns of the Chinese public are very …

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New Zealand Achieves Biggest Rate Hike Ever;  Asia-Pacific stocks mixed ahead of Fed minutes

New Zealand Achieves Biggest Rate Hike Ever; Asia-Pacific stocks mixed ahead of Fed minutes

New Zealand dollar strengthens after biggest rate hike The New Zealand dollar strengthened to 0.6192 against the dollar after the central bank raised rates by 75 basis points, its biggest rise on record. The NZD last traded at 0.6170 against the dollar and the NZX 50 index in New Zealand fell 0.8%. The New Zealand …

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