Bank of Japan’s Kuroda: No need to further expand bond target band Bank of Japan’s governor Haruhiko Kuroda said in an afternoon press conference on Wednesday that there is no further need to expand its yield curve control range, according to a Reuters translation. “We don’t need to further expand the band around our yield … Read more
Yamaguchi emerging as candidate for next Bank of Japan governor: Sankei Former Bank of Japan deputy governor Hirohide Yamaguchi is emerging as a candidate to lead the central bank, Japanese local media Sankei reported, citing people familiar with the matter. Yamaguchi, who held the deputy position at the central bank until 2013, has been a … Read more
Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla rallied 4.4% in the premarket after posting its first rise in eight sessions Wednesday, softening the blow to its stock in what will still be the worst year ever for Tesla shares. related investing news Cal-Maine Foods (CALM) – Cal-Maine slid 4.9% … Read more
A worker walks past gas pipes that connect a Floating Storage and Regasification Unit ship with the main land in Wilhelmshaven, northern Germany on December 17, 2022. EU energy ministers are wrangling over a proposed price cap on gas. Michael Sohn | Afp | Getty Images LONDON — European natural gas prices fell this week … Read more
European markets slip as caution abounds to end the year European markets retreated on Thursday as caution returned to global stocks, with investors assessing a number of likely headwinds in 2023. The pan-European Stoxx 600 index was down 0.5% in early trade, with food and beverage stocks shedding 1% to lead losses as almost all … Read more
Bank of Japan announces unscheduled bond purchases The Bank of Japan announced two rounds of unscheduled purchases of Japanese government bonds in attempt to contain upward pressure in yields, according to a notice. The central bank offered to buy unlimited amounts of two- and five-year notes at a fixed rate – and another offer to … Read more
Shoppers enter a newly opened Sam’s Club in Beijing on Dec. 23, 2022, the chain’s fourth store in China’s capital city. Zhao Jun | China News Service | Getty Images BEIJING — Most Chinese people still don’t want to leave their apartments, despite a relaxation in Covid-related restrictions, an Oliver Wyman survey found. More than … Read more
A sign hangs in front of an AMC theater on January 27, 2021 in Chicago, Illinois. Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. Scott Olson | Getty Images Check out the companies making headlines in midday trading. Tesla – The electric vehicle stock rose … Read more
Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla gained 1.6% in the premarket in a volatile session, following a seven-day losing streak and declines in ten of the past eleven sessions. Baird reduced its price target on Tesla to $252 per share from $316, but continues to rate the stock … Read more
Hong Kong to scrap Covid tests for arrivals, SCMP reports Hong Kong is slated to scrap its mandatory PCR tests for inbound travelers, South China Morning Post reported, citing people familiar with the matter. The report added that Hong Kong will fully drop its vaccine pass scheme, which requires proof of three doses of Covid … Read more