Daily News

(Bloomberg) -- The Bank of England unleashed its biggest interest-rate hike in 27 years as it warned the U.K. is heading for more than a year of recession under the weight of soaring inflation. The half-point increase to 1.75 per cent was backed by eight o...

Canada’s benchmark stock index finished the trading day higher on Thursday as investors digested a slew of earnings releases. The S&P/TSX Composite Index closed up 31.10 points, or 0.16 per cent, to 19,577.04. Shares of Restaurant Brands International I...

The recent brisk rebound in equity markets won’t last as the macroeconomic data continue to deteriorate and earnings forecasts are being slashed, strategists at Goldman Sachs Group Inc. and Sanford C. Bernstein warn. “Without clear signs of a positive shif...

John Zechner, chairman and founder, J. Zechner Associates FOCUS: North American large-cap stocks MARKET OUTLOOK: In July, growth stocks pushed the Nasdaq up 12 per cent, cyclical stocks lagged, gold bounced up nearly $100 and 10-yr bond yields fell...

US stocks snapped a two-day decline on Wednesday as corporate earnings and economic data came in better than expected. Treasuries trimmed losses as traders priced in further interest-rate hikes from the Federal Reserve.  Solid reports from Moderna Inc. and...

Canada’s benchmark stock index ended in positive territory Wednesday as strength in the financials and technology subgroups offset weakness in energy stocks. The S&P/TSX Composite Index closed with a 40.61-point gain, or 0.21 per cent, to 19,545.94. Sho...

Kim Bolton, president and portfolio manager at Black Swan Dexteritas FOCUS: Technology stocks MARKET OUTLOOK: Last month (i.e. July 2022) global stock markets had their best month since November 2020. Retreating global interest rates and a general...

JPMorgan Chase & Co.’s Marko Kolanovic is quickly emerging as one of the very few bulls among Wall Street’s top strategists, who says US stocks will rally in the second half. Kolanovic, voted the No. 1 equity-linked strategist in last year’s Institutional...

The S&P/TSX Composite Index kicked off the shortened trading week in negative territory as the energy subgroup weighed down the market. The index closed 187.59 points lower, or 0.95 per cent, at 19,505.33 on Tuesday. West Texas Intermediate fluctuated b...

US Treasuries sank and stocks dropped after Federal Reserve officials signaled the central bank is still intent on raising rates until inflation is under control. Treasury yields rose across the curve, with 10-year rates climbing as much as 20 basis points...