Stocks rise, US yields slip as markets await Fed rate hike

NEW YORK / MILAN, May 3 (Reuters) – A gauge of global equity markets edged higher on Tuesday while 10-year US Treasury yields slid from the 3% level as investors remained cautious, expecting the Federal Reserve to hike rates by the most in a single day since 2000 to curb inflation. Feeding inflation worries, data … Read more

US business spending on equipment strong; house prices push higher

Core capital goods orders increase 1.0% in March Durable goods orders rebound 0.8% Consumer confidence dips in April New home sales drop 8.6% in March; house prices surge WASHINGTON, April 26 (Reuters) – New orders for US-made capital goods rebounded more than expected in March, suggesting that business spending on equipment ended the first quarter … Read more

Column: Economic war pushes business cycle to tipping point

LONDON, March 23 (Reuters) – “The longer the war goes on, the greater the chance of an economic recession,” the chief executive of commodity trader Vitol said on Tuesday at a business leaders’ conference organized by the Financial Times. Recession risks were already elevated before Russia’s invasion of Ukraine and the subsequent surge in commodity … Read more