In June, we suggested that the market would go down 5% before it would go up 10%.
Twitter shares jumped 20% after CNBC reported the microblogger is moving closer to a sale and that suitors include Alphabet’s Google and Salesforce.com.
The Bank of Japan left its main interest rates unchanged, but introduced an interest-rate target for 10-year government bonds.
Expectations for the Bank of Japan are more mixed ahead of the bank’s comprehensive assessment of its expansive stimulus program.
The probability of a December move shot up to 70 percent in the past month from 57.5 percent in the previous month.
In Europe, banking sector leads losses as Deutsche Bank shares tumble.
Movements in the world’s sovereign bond markets are driving both stocks and currencies at the moment.
Concerns about higher interest rates have preoccupied investors in recent sessions.
SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS EUROPE & WORLD | TODAY IN HISTORY WALL STREET DRAGGED LOWER BY ENERGY, FINANCIALS Even Apple’s 2.3 percent gain, after two U.S. carriers reported strong demand for the new iPhones, was not enough to pull up the indexes. U.S. crude oil dropped 2.7% to $45.05 a barrel […]
Investors concern that central banks around the world were running out of willingness or ability to prop up markets.
Investors currently price a 30% chance of an interest-rate rise in September, compared with an 18% chance as of Thursday.