LONDON (Reuters) – Direct lending, a key but expensive source of credit for riskier European firms that banks often shy away from, is running out of steam, a fresh sign that aggressive interest rate rises may be starting to cause funding stress and exacerbate economic pain. Fundraising and deal-making have dropped sharply at European private […]

LONDON (Reuters) – Morgan Stanley’s analysts returned to a ‘bearish’ stance on emerging market FX on Tuesday, predicting China’s economic strains would continue to push down its currency and flagged the growing set of developing countries also now cutting interest rates. “We expect more CNH (yuan) weakness, and China macro risks add to existing pressure […]

(Reuters) – The growth in euro zone’s gross domestic product (GDP) may come under pressure as corporates ease the pace of investments due to higher borrowing costs, HSBC economists said on Tuesday. The global bank expects rising interest rates to shave off more than 1% of euro zone’s GDP by 2025. HSBC, however, forecast a […]

SHANGHAI (Reuters) -Tesla on Friday unveiled a restyled, made-in-China Model 3 with a longer driving range, the first time the automaker has launched a new model in China ahead of the United States. The new model, which is being built at Tesla (NASDAQ:TSLA)’s Shanghai plant, comes with a starting price 12% higher than the previous, […]

Titan Investments– Oil prices steadied at three-week highs in Asian trade on Friday as the prospect of tighter supplies, stemming from deeper Saudi and Russian production cuts, largely offset concerns over slowing economic growth. Russian Deputy Prime Minister Alexander Novak said on Thursday that Moscow had reached a new deal with its peers in the […]

Titan Investments– Gold prices moved little on Friday, steadying near three-week highs as markets awaited more cues on U.S. monetary policy from nonfarm payrolls data due later in the day, while copper prices rose on positive Chinese factory data. The yellow metal had a strong run-up this week as a string of weak U.S. economic […]

Titan Investments — European Central Bank president Christine Lagarde on Friday called for higher-for-longer interest rates to achieve the central bank’s key objective of bringing inflation back to its 2% target. “In the current environment, this means – for the ECB – setting interest rates at sufficiently restrictive levels for as long as necessary to […]

Titan Investments — Federal Reserve Chair Jerome Powell is set to give a pivotal speech at the Jackson Hole economic symposium on Friday, as some policymakers suggest that the central bank may need to keep rates higher for longer to combat inflation. Stock futures edge up ahead of Powell’s comments. Elsewhere, buy-now-pay-later group Affirm shares […]

Titan Investments — U.S. stocks got a jolt from tech after Nvidia’s stronger-than-expected earnings report and outlook, which demonstrated the surge of activity around artificial intelligence. At 9:39 ET (13:39 GMT), the Dow Jones Industrial Averagewas up 20 points or 0.1%, while the S&P 500 was up 0.2% and the NASDAQ Composite was up 0.2%. Nvidia (NASDAQ:NVDA), the world’s most […]

Titan Investments — U.S. futures traded in a mixed fashion Thursday, with the tech sector dominating after Nvidia’s strong quarterly numbers. Here are some of the biggest premarket U.S. stock movers today: Nvidia (NASDAQ:NVDA) stock rose 7.8% after the world’s most valuable chipmaker posted stellar quarterly earnings, with second-quarter revenues crushing lofty expectations, boosted by the frenzy over generative artificial intelligence. Microsoft (NASDAQ:MSFT) stock […]