Stock market, central bank and economic news: indices, rates, inflation, currencies and the data driving global markets.
Bank of Japan Governor Kazuo Ueda has sharpened the case for further monetary tightening, telling parliament on Monday that underlying inflation is now “quite close” to the central bank’s 2% target. The significance is not that an October rate increase is assured. It is that Japan’s policy debate
Indonesia’s stock market suffered its sharpest one-day decline in nearly three decades on Friday after MSCI proposed moving the country from emerging-market to standalone status. The Jakarta Composite Index fell as much as 11.4%, its steepest drop since January 1998, after an 8% opening slide triggered
Wall Street’s biggest banks will open third-quarter earnings season this week under an unusually demanding set of expectations. JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo are scheduled to report on Tuesday, followed by Bank of America and Morgan Stanley on Wednesday. Their results will arrive as investors
China is moving to put a higher price on speed in the world’s largest auto industry. Four government agencies released draft rules on Saturday that would pull safety reviews and longer testing requirements directly into the vehicle-approval process, challenging an industry where rapid model launches and increasingly elaborate
Wall Street’s push toward round-the-clock trading has moved from concept to a concrete market structure experiment. OKXICE, the 50-50 venture between crypto exchange OKX and Intercontinental Exchange, has published a notice outlining a U.S. venue for tokenized stocks that would operate 24 hours a day,
Brazilian voters went to the polls Sunday in a presidential election that could shape the cost of capital in Latin America’s largest economy for years. President Luiz Inácio Lula da Silva faces Senator Flávio Bolsonaro, with 10 other candidates also on the ballot. If nobody wins more than 50%
Julius Baer has cleared a major regulatory obstacle, but the terms of its release show that Switzerland’s private bank still has years of supervised repair ahead. The Swiss Financial Market Supervisory Authority, FINMA, concluded a combined enforcement proceeding on Tuesday covering the bank’s former private-debt business and
Jefferies Financial Group delivered record quarterly revenue in investment banking and equities, offering an early signal that the revival in dealmaking and stock-market activity is translating into substantial fees. But weakness in debt underwriting, fixed-income trading and asset management shows that the recovery remains uneven, a distinction investors
Paychex delivered higher revenue, wider margins and double-digit earnings growth in its fiscal first quarter. Investors sold the stock anyway. The reaction reflects a demanding question for the payroll and human-resources provider: how much of its growth is coming from the core business that supports its investment case,
The European Central Bank has moved tokenised finance out of the laboratory and into the euro area’s financial plumbing. On Monday, the Eurosystem launched Pontes, a service that allows wholesale transactions in tokenised assets to settle in central bank money. The ECB also began preparations to invest a small
France has put a stark number on its fiscal problem: public debt is expected to climb to 121.7% of gross domestic product in 2027, even if the government delivers its planned deficit reduction. The Finance Ministry said Saturday that debt would rise from 119.3% of GDP in 2026,
India’s central bank has rejected Tata Sons’ application to surrender its registration as a core investment company, according to Reuters and other reports citing people familiar with a letter delivered on Saturday. The decision removes the principal route the Tata group’s holding company had pursued to remain private
