ECB said it’ll stay the course on rate hikes. But it’s not clear for how long
Christine Lagarde, president of the European Central Bank (ECB).Bloomberg | Bloomberg | Getty ImagesEuropean Central Bank President Christine Lagarde has repeatedly used the phrase “staying the course” when referring to upcoming rate decisions, but some market watchers doubt the bank will keep its hawkish stance for much longer.The ECB entered tightening mode last year with […]
The U.S. is massively underperforming global markets
A trader works on the trading floor at the New York Stock Exchange (NYSE), January 5, 2023.Andrew Kelly | ReutersU.S. stocks have fallen far short of their global peers over the past three months, a rarity in recent years, and analysts expect this divergence to widen over the course of 2023.As of Tuesday morning, the […]
Dow closes 300 points lower after strong jobs data signals more rate hikes
Stocks fell Thursday after jobs data showed the labor market is still strong despite the Federal Reserve’s interest rate hikes to tame inflation.The Dow Jones Industrial Average fell 339.69 points, or 1.02%, to 32,930.08. It was weighed down by Walgreens, which lost 6.13% after earnings showed a $5.2 billion opioid litigation settlement drove a quarterly […]