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Adam Button

European equity close: A good week ends on a sour note

Closing changes today:Stoxx 600 -1.2%FTSE 100 -0.1%German DAX -1.5%Italy MIB -1.1%French CAC -1.1%Spain IBEX -0.8%On the week:Stoxx 600 +1.1%FTSE 100 +1.4%German DAX +1.1%Italy MIB +1.5%French CAC +1.8%It looked promising early in the week...

Scholz: Everyone knows that energy bailout packages are necessary and coming everywhere

Does everyone know this?Scholz is taking heat for his government's €200 billion subsidy program for energy prices and its potential beggar-thy-neighbour effects. He said "I am sure that everyone knows that such measures...

US 2-year yields back away from the highs of the day

Whether the Fed ends at 4.50-4.75% or 4.75-5.00% is immaterial but a strong jobs report today raised the chances that the hiking cycle restarts next year.The easiest way to see that is in...

Fed’s Williams: The economy has shown extraordinary strength post-pandemic

The economy is slowing somewhatInflation is very high and the Fed is a long way from where it needs to beHousing is moderating, this is not a surpriseSees a notable drop in inflation...

Nasdaq extends decline to 2.8% as weekly gain largely evaporates

The Nasdaq is down 2.8% in a broad (and broadening) equity rout after non-farm payrolls. It highlights just how sensitive the market is to economic data. The jobs report wasn't much more than...

WTI crude oil breaks $90 on a tough tape

<p>Oil has been trading opposite the US dollar in the last month or so but that&apos;s not the case today. The dollar is strong and oil is even stronger, up nearly $2 to...

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