GLOBAL MARKETS: Bond Yields Rebound, Stocks Edge Up as Last Week's Rally Fades
Global equities rise and Treasury yields rebound as hopes of interest rate cuts fade, but uncertainty remains over growth and inflation.
Basis point News & Breaking Stories
Dollar Edges Lower Ahead of Key US Data, Bitcoin Back in Spotlight
Bitcoin surges as speculation grows about the approval of a bitcoin exchange-traded fund in the United States.
September Fed Meeting: Key Takeaways After Rate Pause
Inflation is expected to be lower in the coming months, but elevated gasoline prices and labor movements could put upward pressure on prices.
Australian Dollar Lower on Evergrande Bankruptcy
Evergrande's bankruptcy raises concerns of contagion in the Chinese economy, impacting the Australian dollar and global markets.
Current Mortgage Interest Rates: Aug. 15, 2023 Update - Rates Tick Up
Inflation has led to an increase in mortgage rates, with the Federal Reserve raising its federal funds rate. Experts predict rates will remain high.
Shares, Dollar Rise Slightly Following US CPI Data | Headlines
Global shares and the dollar rise after US consumer price inflation moderates, boosting hopes of the Fed's rate-hiking cycle nearing its end.
"Breaking: Global Stocks Surge as Federal Reserve Boosts Interest Rates – Discover the Impact on Your Investments!"
ECB expected to raise rates as Fed raises interest rates.
Factors influencing mortgage interest rates and when they are expected to drop
Experts predict mortgage interest rates will drop in late 2023.
"CPI Report Boosts Sentiment, Leading Nasdaq to Higher Close on Wall Street"
U.S. stocks rise as inflation eases, tech sector leads gains.
What news can we find under Basis point News Section?
Decoding the Basis Point in News Content
Ever been baffled when coming across terms like 'basis points' in financial news and wondered what they are? Let's peel back the curtains together!
Basis Points, abbreviated as BPS or often pronounced as 'Bips,' is a unit of measure used mainly in finance to describe changes in interest rates, equity indexes, and fixed income securities. So why should we care about them?
The answer hedged within this question essentially reflects why you encounter basis points on any news platform discussing finance. Like salt adds flavor to an otherwise bland dish, understanding basis points provides perspective to raw numbers thrown around.
A single basis point represents 0.01%, that is - a change of 50 bps translates into half a per cent movement! Mind-boggling right? The purpose here isn't to overwhelm but simply introduce yet another lens through which one can assess how markets move.
The Relevance Of Basis Points In News Content:
In view of current global market volatility, it's particularly useful to gauge shifts via these tiny units rather than percentages which might appear misleading. For instance, hearing about an increase by 200 basis points sounds less cataclysmic than saying there was a 2% jump.
If ever stumbled upon phrases such as "Fed adjusts rate by X basis points," now doesn't it seem more decipherable? It's essentially illustrating small incremental pebbles that cause ripples across our macroeconomic pond!
To Wrap up...
Much of the financial newswire carries reportage of values articulated through basis point changes - be it for mutual funds investments, loan rates modification etc., Through this framework we unravel those cryptic numeric updates with ease- adding depth into our broader economic comprehension.
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