• Nov 30, 2024

S&P Sticks With France Rating in Reprieve for Prime Minister

(Bloomberg) -- French Prime Minister Michel Barnier won a minor reprieve in his battle to pass a budget and remain in power as S&P Global Ratings reiterated its assessment of the country’s debt.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingIn a statement late Friday, S&P said the euro area’s second-biggest economy remains resilient despite political uncertainty. It cited the impact of labor market reforms u

  • Nov 29, 2024

Rush to ‘Value Up’ May Be Asian Stocks’ Best Defense From Trump

(Bloomberg) -- A Japan-inspired strategy of seeking to boost shareholder returns, corporate governance and market valuations is spreading like a wildfire across Asia.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingFrom Seoul to New Delhi, governments and regulators are hurrying to implement their own versions of Japan’s decade-long program of structural reforms that helped drive its benchmark index to a recor

  • Nov 29, 2024

S&P 500 Clocks Best Month of the Year; Yields Drop: Markets Wrap

(Bloomberg) -- US stocks ended a shortened trading session higher while Treasury yields declined across the curve. Speculation that President-elect Donald Trump will temper his most extreme trade policies drove the dollar down.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingThe S&P 500 climbed more than 1% for a second straight week. On Friday, it rose 0.6%, notching fresh record highs. The 10-year Treasury y

  • Nov 29, 2024

Charting the Global Economy: Sticky Inflation Backs Fed Caution

(Bloomberg) -- The Federal Reserve’s preferred inflation measure accelerated in October, helping explain US central bankers’ more cautious approach to interest-rate cuts.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesTop-line inflation in the euro area also picked up, though price growth excluding food and fuel held steady. European Central Bank officials have signaled a fourth reduction in rates