The November jobs report and the Fed matter most to markets in the week ahead

November’s jobs report is the big event for markets in the week ahead, and it could provide important insight into the path of Federal Reserve interest rate hikes. Stocks were higher in the shortened holiday week, with the S & P 500 up as Treasury yields slipped and the dollar weakened. The post-Thanksgiving week will … Read more

Recession will be an inch deep but a mile wide, says the UBS strategist

Global economic conditions will shift next year and that’s going to flip which markets and sectors underperform, according to the chief strategist of UBS Investment Bank. Bhanu Baweja told CNBC’s “Squawk Box Europe” on Wednesday that between one-third and half of the countries the bank covers globally are facing a recession. “It’s an inch deep … Read more

Morgan Stanley’s Wilson on the S&P 500 hitting a ‘new low’

Morgan Stanley’s Chief US Equity Strategist Mike Wilson says we’re nearing the end of the bear market, but things could remain challenging for a while longer. “I think we’re in the final stages, but the final stages can be very challenging, right?” he told CNBC’s “Street Signs Asia” on Friday. “Now it’s a more of … Read more

Markets are watching for more clues on Fed hikes and the economy in the week ahead

Investors may be a bit more cautious in the week ahead, with stocks seeking direction in quiet trading and the bond market’s warnings about recession getting louder. Stocks eked out modest gains on Friday, but were negative for the week. The market could be sluggish in the coming Thanksgiving holiday week, one of the quietest … Read more

Net growth slows to the lowest level in 18 months

A “Now Leasing” sign is displayed in front of an apartment complex in Washington, DC, on January 24, 2022. Stephanie Reynolds | AFP | Getty Images The red-hot rental market is finally starting to cool off along with the rest of housing. Rents are still higher than they were a year ago, but the gains … Read more

The global stock market rally could be about to meet recession reality

Specialist traders work inside a post on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2022. Brendan McDermid | Reuters Global stock markets have rallied on hopes that central banks will soon begin to slow their aggressive interest rate hikes as inflation shows signs of peaking, but strategists … Read more

UK property market at risk of major downturn as recession fears loom

Economists are predicting that soaring interest rates and falling prices will mark the end of the UK’s 13-year housing market boom, potentially leading to a house price crash. Matt Cardy | Getty Images News | Getty Images LONDON — The UK property market may be verging on a major downturn, with some market watchers warning … Read more

The G-20 summit kicks off Tuesday. Here’s what to expect.

Indonesian Finance Minister Sri Mulyani (C front) attends the G20 Finance Ministers Meeting in Nusa Dua, on Indonesia’s resort island of Bali, on July 16, 2022. SONNY TUMBELAKA | POOL | AFP via Getty Images World leaders are kicking off a meeting Tuesday on the holiday island of Bali, Indonesia as the global economy grapples … Read more

These currencies have tanked this year — and one is down over 75% against the dollar

Zimbabweans queue to withdraw money from a bank on June 21, 2008 in Bulawayo, Zimbabwe. Sky-high inflation continues to affect the Zimbabwean economy. John Moore | Getty Images News | Getty Images Foreign exchange markets have endured a rocky ride in 2022, but in some countries, a combination of geopolitical pressures and central bank missteps … Read more

The G-20 summit kicks off Tuesday. Here’s what to expect.

Indonesian Finance Minister Sri Mulyani (C front) attends the G20 Finance Ministers Meeting in Nusa Dua, on Indonesia’s resort island of Bali, on July 16, 2022. SONNY TUMBELAKA | POOL | AFP via Getty Images World leaders are kicking off a meeting Tuesday on the holiday island of Bali, Indonesia as the global economy grapples … Read more