Gold’s Awakening May Make Investors Sleep Less Soundly

Text size Gold’s price has climbed in 10 of the past 12 weeks and is now 6.1% below its record high. David Gray/Bloomberg Golden slumbers? Hardly. The precious metal has awakened in the past three months, quietly outperforming stocks since their mid-October lows. That’s something that hasn’t happened in the half-century since the Bretton Woods … Read more

Markets fully price in quarter-point interest rate hike in February as inflation slows

The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Sarah Silbiger | Reuters Markets are nearly certain the Federal Reserve next month will take another step down in the pace of its interest rate increases. Pricing Wednesday morning pointed to a 94.3% probability of a 0.25 percentage point hike at the central bank’s … Read more

China’s reopening set to boost Hong Kong’s property market

In light of China’s reopening and easing of Covid rules, Hong Kong’s property market will be on a path to recovery in 2023, according to property consultancy Colliers Hong Kong.   The retail market in particular will reap the “best benefit,” Hannah Jeong, Colliers’ head of valuation and advisory services, told CNBC’s “Squawk Box Asia” on … Read more

‘2022 has been the scariest year of my adult and professional life’: One mortgage broker reveals how the housing slowdown upended financial security.

When mortgage rates hit 7% in the fall, Austin-based mortgage broker Aaron Kovac was a little spooked.  After a stunning rise in home sales amid ultra-low interest rates, “the market just went absolutely silent,” the 32-year-old, who has been in the mortgage industry for six years, told MarketWatch in an interview. As the housing market … Read more

2023 Equities Outlook: Play it like a test match with a rest day in between

The past year saw the stock markets take a fundamental reality check, after the liquidity and sentiment-fuelled boom of 2020 and 2021. Some of the best performing stocks and sectors of 2021 turned out to be the worst performers of 2022. This includes information technology companies, new-age tech companies and low quality mid/small-cap companies. The … Read more

The Fed won’t be what drives markets in 2023, wealth manager says

The Federal Reserve played a major role in moving markets in 2022, driving a campaign of monetary tightening as it tried to combat inflation that hit multi-decade highs. Many who had money in stocks and even bonds suffered, as liquidity was sucked out of the market with every rate hike employed by the Fed — … Read more

BOJ’s Kuroda dismisses near-term chance of exiting easy policy

Haruhiko Kuroda, governor of the Bank of Japan, speaks during a news conference at the central bank’s headquarters in Tokyo on Dec. 20, 2022. Yuya Yamamoto | Jiji Press | Bloomberg | Getty Images Bank of Japan Governor Haruhiko Kuroda on Monday brushed aside the chance of a near-term exit from ultra-loose monetary policy but … Read more

Fed rate hike expected to be half a percentage point as central bank fights inflation

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, November 2, 2022. Elizabeth Frantz | Reuters The Federal Reserve is expected to raise interest rates by a smaller half percentage point Wednesday yet signal that its … Read more

Elon Musk Sounds a Dire Warning About the Economy

Elon Musk is worried about the economy.  For several months now, the richest man in the world has continued to sound the alarm, warning that the economy risks a deep recession if the central bank’s monetary policy stays on course.  While the Federal Reserve is holding its last monetary meeting of the year in the … Read more

Stocks Fall After Strong Data Raises Rate Fears

Markets U.S. Markets Crude-oil prices extend declines, Treasury yields tick lower