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Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy

The debt crisis is here, Nouriel Roubini says. Expect central banks to wimp out in their fight against inflation as financial distress deepens 2:58 p.m. Oct. 3, 2022

Europe’s red-hot inflation numbers may be ready to cool off, says Morgan Stanley

Europe's efforts to bring down soaring energy prices could help to cool record high inflation, says Morgan Stanley. 10:40 a.m. Oct. 3, 2022

This big tech stock looks way oversold. Here’s your best strategy for buying it now in this volatile market.

Miller Tabak + Co.'s chief market strategist Matt Maley says this is one of the best oversold stock names to start buying right now. 8:48 a.m. Oct. 3, 2022

Today in Commodities

Gold prices sweep to fourth week of gains Friday, the longest streak since December

Gold futures closed higher Friday, shrugging off earlier weakness, to sweep to a fourth straight week in a row of gains. Gold for December rose 0.5% on Friday, or $8.30, to settle at $1,815.50 an ounce on Comex. For the week, the most-active contract gained 1.3% to clinch its longest stretch of weekly gains since Dec. 31, 2021, according to Dow Jones Market Data. A key focus of the week was U.S. consumer inflation data that showed signs of easing, while still extremely elevated at a 8.5% annual rate in July, versus 9.1% a month ago. The ICE US Dollar index was up 0.5% on Friday against a basket of rival currencies, but was still headed for a roughly 0.9% weekly decline, according to FactSet data. A weaker dollar can bolster the appeal of gold, since it eases costs for buyers using other currencies.

1:45 p.m. Aug. 12, 2022

Today in Bonds

Treasury yields pull back after U.K. abandons tax cuts, U.S. data weakens

Treasury yields pull back as a U-turn on fiscal policy by the U.K. government sparks a rally in British bonds, while traders monitor Credit Suisse and U.S. data weakens.

4:36 p.m. Oct. 3, 2022

Currencies Headlines

A rampaging U.S. dollar just booked its strongest quarter in at least 7 years as investors search for safety

The dollar wrapped up its biggest quarterly climb in at least seven years on Friday, along with its largest four-month advance since November 2008 --- the latest chapter in what has been a historic year for the greenback.

7:22 a.m. Oct. 3, 2022
U.K. abandons tax cut for wealthy that sparked market turmoil

Treasury chief Kwasi Kwarteng said Monday that he will not scrap the top 45% rate of income tax paid on earnings above 150,000 pounds ($167,000) a year. "We get it, and we have listened," he said in a statement.

2:50 a.m. Oct. 3, 2022
Looking for a cheap retirement spot? Europe is a good deal for Americans

The skyrocketing dollar—and collapsing foreign exchange rates, including the pound, euro, yen and others—is good for retirees, and future retirees

2:07 p.m. Oct. 1, 2022

Benchmark Rates

/zigman2/quotes/210561242/realtime/sampled
0.9867
+0.4275%
+0.0042
/zigman2/quotes/210561789/realtime/sampled
144.7490
+0.1314%
+0.1900
/zigman2/quotes/210561263/realtime/sampled
1.1356
+0.3003%
+0.0034

Key Cross Rates

United States DollarUSD United Kingdom PoundGBP European EuroEUR Japanese YenJPY
United States DollarUSD /zigman2/quotes/210561263/realtime/sampled0.8806 /zigman2/quotes/210561242/realtime/sampled1.0135 /zigman2/quotes/210561789/realtime/sampled144.7490
United Kingdom PoundGBP /zigman2/quotes/210561263/realtime/sampled1.1356 /zigman2/quotes/210561278/realtime/sampled1.1514 /zigman2/quotes/210561291/realtime/sampled164.4200
European EuroEUR /zigman2/quotes/210561242/realtime/sampled0.9867 /zigman2/quotes/210561278/realtime/sampled0.8685 /zigman2/quotes/210561215/realtime/sampled142.8166
Japanese YenJPY /zigman2/quotes/210561789/realtime/sampled0.0069 /zigman2/quotes/210561291/realtime/sampled0.0061 /zigman2/quotes/210561215/realtime/sampled0.0070

Currency Converter

 

Key Currencies

Symbol Bid Ask High Low Time(ET)
USDJPY/zigman2/quotes/210561789/realtime/sampled 144.7440 144.7540 144.9130 144.4200 02:38:56
USDCHF/zigman2/quotes/210561981/realtime/sampled 0.9898 0.9902 0.9945 0.9895 02:38:58
GBPUSD/zigman2/quotes/210561263/realtime/sampled 1.1355 1.1357 1.1366 1.1280 02:38:53
EURUSD/zigman2/quotes/210561242/realtime/sampled 0.9865 0.9868 0.9869 0.9807 02:38:49
AUDUSD/zigman2/quotes/210560947/realtime/sampled 0.6514 0.6518 0.6519 0.6451 02:38:56
USDCAD/zigman2/quotes/210561978/realtime/sampled 1.3585 1.3590 1.3655 1.3585 02:38:56
EURCHF/zigman2/quotes/210561153/realtime/sampled 0.9768 0.9771 0.9794 0.9741 02:38:57
EURJPY/zigman2/quotes/210561215/realtime/sampled 142.7900 142.8432 142.9000 141.9226 02:38:56
NZDJPY/zigman2/quotes/210561685/realtime/sampled 82.8949 82.9875 82.9637 82.2961 02:38:57
AUDCHF/zigman2/quotes/210560928/realtime/sampled 0.6446 0.6456 0.6470 0.6399 02:38:57
AUDNZD/zigman2/quotes/210560938/realtime/sampled 1.1362 1.1382 1.1426 1.1322 02:38:51
CADJPY/zigman2/quotes/210560992/realtime/sampled 106.5200 106.5600 106.5700 105.9137 02:38:58
EUR= European Euro CHF= Swiss Franc NZD= New Zealand Dollar
USD= United States Dollar JPY= Japanese Yen GBP= United Kingdom Pound
AUD= Australian Dollar

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