Market

The Fed may cut rates more than expected in 2025, according to State Street. Economic cooling, disinflation, and improved government finances could all lead to looser monetary policy.

Published on: January 30, 2025, 04:00 AM UTC

Oil hovers near $76 as investors await clarity on US trade policy with Canada and Mexico

Published on: January 30, 2025, 04:00 AM UTC

Asian stocks rise slightly with focus shifting to BOJ Deputy Governor Ryozo Himino's speech; US tech earnings mixed. Yen strengthens, while US futures point to a reversal of small declines.

Published on: January 30, 2025, 03:00 AM UTC

Tesla shares rose 4% after the company pledged a return to growth in 2025. Q4 revenue was $25.7B, below estimates, and full-year revenue rose just 1%. Adjusted EPS was $0.73, also below estimates. Tesla expects its auto business to return to growth in 2025 after revenue fell 8% in Q4 and 6% in 2024.

Published on: January 30, 2025, 02:01 AM UTC

The Bank of Japan makes progress in shrinking its balance sheet by ending a lending program and tapering bond purchases.

Published on: January 30, 2025, 01:01 AM UTC

Asian stocks fluctuated Thursday after the Federal Reserve held rates unchanged, with Chair Jerome Powell indicating no rush to lower borrowing costs. Some Asian markets remained closed for the Lunar New Year, while others saw mixed movement. The yen gained slightly, and US tech earnings were in focus, with Tesla and IBM reporting positive results. Meanwhile, investors monitored the start of megacap earnings season and concerns over tech sector concentration.

Published on: January 30, 2025, 01:00 AM UTC

Goldman Sachs says Monday's stock sell-off is not the start of a bear market, as strong macroeconomic conditions will support the market. The sell-off was a correction in high tech stock valuations, not due to weak fundamentals.

Published on: January 30, 2025, 01:00 AM UTC

The euro could face renewed selling pressure if the ECB takes a dovish stance on rates later today, as markets expect at least a 25 basis point cut and see risks of a larger 50 basis point move.

Published on: January 30, 2025, 01:00 AM UTC

Tech stocks declined on Wednesday after the Federal Reserve left interest rates unchanged, maintaining its cautious approach towards inflation. Nasdaq Composite led the decline, reflecting the market's sensitivity to the Fed's hawkish stance. The S&P 500 and Dow Jones Industrial Average also fell, mirroring the broad-based retreat in equity markets.

Published on: January 30, 2025, 12:03 AM UTC

Oil prices edge up as investors await clarity on US trade policy, with Trump's pick for commerce secretary indicating Canada and Mexico may avoid import levies.

Published on: January 30, 2025, 12:01 AM UTC