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  • Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting

    Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting0

    The U.S. dollar stabilized in early European trade Thursday near a one-month low after the first day of Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress, while sterling edges lower ahead of the latest Bank of England meeting. At 01:50 ET (05:50 GMT), the Dollar Index, which tracks the greenback against a basket of

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  • Global banks raise forecast to 4% peak for key ECB rate

    Global banks raise forecast to 4% peak for key ECB rate0

    Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to peak at 3.75%, following a 25 basis points (bps) hike in July, they said in notes after the central bank meeting. The ECB raised euro zone borrowing costs to their highest level in 22 years

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  • 4 Big Analyst Picks: Accenture Upgraded To Neutral Ahead of Q3 Earnings

    4 Big Analyst Picks: Accenture Upgraded To Neutral Ahead of Q3 Earnings0

    Earlier this week, the company announced a $3 billion investment over three years in its Data & AI practice. The expansion includes new industry solutions, the AI Navigator for Enterprise platform, a Center for Advanced AI, and doubling their AI talent to 80,000 people. The company is set to report its Q3/23 earnings on June

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  • KIM KARDASHIAN SEEKS SECRET OF PRIVATE EQUITY SUCCESS AS RISING RATES BITE

    KIM KARDASHIAN SEEKS SECRET OF PRIVATE EQUITY SUCCESS AS RISING RATES BITE0

    Reality star Kim Kardashian’s arrival at a gathering of the globe’s top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry. Flanked by bodyguards, Kardashian drew a crowd of hundreds of executives at the Super Return industry event, saying she

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  • Asian Stocks Dip As Markets Weigh Fed Fears, China Stimulus Hopes

    Asian Stocks Dip As Markets Weigh Fed Fears, China Stimulus Hopes0

    Most Asian stocks retreated on Thursday amid continued concerns over rising interest rates and slowing global economic growth, although optimism over more Chinese stimulus measures helped limit some losses. Chinese losses limited as state banks cut deposit rates China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes moved in a flat-to-low range, while Hong Kong’s

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  • Asian Stocks Edge Past Weak Economic Signals, Chinese Shares Lag

    Asian Stocks Edge Past Weak Economic Signals, Chinese Shares Lag0

    Most Asian stocks rose slightly on Wednesday as markets weighed worsening economic conditions in the region against the prospect of a pause in the Federal Reserve’s rate hike cycle this month. But China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes lagged their peers, reversing early gains after data showed the country’s trade surplus hit

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