Daily News

Source: BNN Bloomberg October 15, 2022

U.S. stocks upended by inflation survey's sobering view

U.S. stocks fell after a report showed U.S. year-ahead inflation expectations rose for the first time in seven months. The dollar gained and Treasuries fell. The S&P 500 closed near lows of the day, falling more than 2 per cent. The growth-sensitive Nasdaq...

Source: BNN Bloomberg October 15, 2022

U.K. needs budget U-turn to prevent market turmoil, BlackRock says

BlackRock Inc.'s chief macroeconomic strategist, Rupert Harrison, said the U.K. government must backtrack on its budget plans to prevent turmoil in financial markets from spreading. “It does seem pretty clear that the government is preparing a U-turn on at...

Market Call Source: BNN Bloomberg October 15, 2022

Bruce Murray's Top Picks: October 14, 2022

Bruce Murray, chief executive officer and chief investment officer, The Murray Wealth Group FOCUS: Global and North American equities MARKET OUTLOOK: The bear market continues to feed off the fear of higher interest rates which may feed a more sign...

Source: BNN Bloomberg October 15, 2022

BMO's Belski cuts TSX target to 'more realistic' 21,000

BMO Capital Markets Chief Investment Strategist Brian Belski, who just a few days ago was clinging to a year-end S&P/TSX Composite Index target that implied almost 32 per cent potential upside, has cut that outlook. “Given the persistent inflationary envir...

Source: BNN Bloomberg October 15, 2022

Private bets shield world's largest investors from market mayhem

A shift toward private markets is cushioning many of the world's largest investors from the wreckage wrought by runaway inflation and spiraling interest rates. The big question now looming over giants from China's US$1.2 trillion sovereign wealth fund to C...

Source: BNN Bloomberg October 15, 2022

TSX recap: Index closes down 1.54% amid losses in energy and base metal stocks

Canada's main stock index fell almost 300 points Friday after a surprise reversal Thursday, pulled down by losses in energy and base metals, while the U.S. markets fell at a steeper rate. The S&P/TSX Composite Index was down 287.28 points, or 1.54 per cent...

Source: BNN Bloomberg October 15, 2022

Stocks defy logic in a see-saw week riled by inflation

At times this week, not even a crystal ball into the economy would’ve helped foretell the stock market’s return. Red-hot consumer prices? Stocks rallied violently, adding 5 per cent in a flash. In the end, though, the direction of the drift was all too pre...

Source: BNN Bloomberg October 14, 2022

U.K. pension funds selling stokes fear across bond markets

U.K. pension funds are dumping assets to meet margin calls as the BOE confirmed it will end emergency bond buying, and the reverberations are being felt everywhere from Sydney to Frankfurt and New York.  In the US, investment-grade corporate bonds are fall...

Source: BNN Bloomberg October 14, 2022

Core U.S. inflation rises to 40-year high, securing big Fed hike

A closely watched measure of U.S. consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation. The core consumer price index, whi...

Source: BNN Bloomberg October 14, 2022

TSX recap: Index closes 2.24% higher

Canada’s main stock index was up more than 400 points after a tumble right out of the gate, while U.S. stock markets also recovered significantly from the dip.  The S&P/TSX Composite Index was up 407.35 points, or 2.24 per cent, at 18,613.63. In New Yor...