Auto Sales Show the Consumer May Be Fading: Morgan Stanley's Wilson

Asian Stocks to Rally as BOE Lifts Risk Sentiment: Markets Wrap

Risk-off sentiment returned to markets on Thursday as concern about inflation and the risk of global recession overshadowed the Bank of England’s move to restore calm.

Flags of the European Union (EU) outside the headquarters of the European Central Bank (ECB) in Frankfurt, Germany, on Monday, May 23, 2022. While ECB policy makers have increasingly coalesced around the prospect of a first hike at their July 21 meeting in recent weeks, they have barely mentioned the possibility of a more aggressive half-point move such as the US Federal Reserve delivered this month.

Next Euro-Zone Hike in Focus as ‘Big’ Move Backed: ECB Update

The European Central Bank should opt for a “big” increase in interest rates in October, according to Governing Council member Martins Kazaks, who said in an interview that subsequent hikes are likely to be smaller.

A stallholder counts out ten-pound banknotes at a market stall in Croydon, Greater London, UK, on Monday, Sept. 26, 2022. The Bank of England may need to step in with an emergency rate rise to calm market nerves about the government’s economic plans, Conservative lawmakers said after the pound tumbled to a record low against the dollar. Photographer: Jason Alden/Bloomberg

Pound Resumes Fall as BOE Move Fails to Quell Tax-Cut Concerns

The pound snapped a two-day gain, after the Bank of England’s emergency bond-buying program eased some selling pressure on UK gilts but left investors facing broader concerns over the UK’s tax-cut plan.

A customer looks at a Porsche GT3, left, a Porsche 911 Turbo, center, and a Porsche Taycan Turbo S automobile at a Porsche SE showroom in Berlin, Germany, on Tuesday, March 29, 2022. Porsche, which reports reports final year earnings today, delivered 301,915 vehicles to customers in 2021, an 11% jump from 2020 and the first time it has surpassed the 300,000 mark.

Porsche Set for Bold Trading Debut After Pricing at Top End

Porsche AG gained during its robust trading debut after parent Volkswagen AG set the final listing price for the sports-car maker at the upper limit in a bid to defy deep market upheaval.

A traveler with luggage rides an escalator outside Beijing Station in Beijing, China, on Tuesday, Sept. 27, 2022. China's shaky recovery continued in September, with a pickup in car and homes sales in the biggest cities compensating for weaker global demand and falling business confidence.

China Stock Traders Look to Golden Week for Market Turnaround

China’s Golden Week holiday will be a crucial period for stock traders looking for fresh market impetus, after a brutal year pushed a key benchmark to near its lowest in two years.

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