US mortgage rate rises to 7.28%, highest since November 2023
US 30-year mortgage rate jumped to 7.28%, highest since November 2023, cooling housing demand, prompting price cuts and fewer pending sales and applications.
Finance
Singapore shares continue to falter on Thursday; STI falls 0.1%
Singapore stocks fell Thursday, with the STI down 0.1% to 5,667.67. DFI Retail led gainers, City Developments lagged. Market breadth was negative: 298 losers versus 177 gainers.
MAS proposes tighter board rules for S’pore banks, insurers
MAS proposes stricter board rules for Singapore banks and insurers: bigger boards, more independent directors, revised independence criteria, and key appointment approvals. Feedback ends Dec 9.
Robinhood to allow 24-hour weekend trading of US stocks as industry shifts to wider access
Robinhood will allow 24-hour weekend trading of select US stocks, part of an industry shift toward round-the-clock market access.
OpenAI targets US$30 billion in funding at US$1.4 trillion value
OpenAI seeks at least $30 billion in new funding at a roughly $1.4 trillion valuation, delaying its IPO as it battles Anthropic.
US consumer confidence near 12.5-year low amid labour market fears
US consumer confidence fell to a near 12.5-year low in September, as Middle East conflict, rising rates, and labour market fears darkened outlooks.
Australia’s central bank lifts rates to 15-year high, signals risk of further hikes
The Reserve Bank of Australia raised its cash rate by 25 basis points to a 15-year high of 4.60%, warning that persistent inflation may require further interest rate hikes.
Global Market Today: Asian shares mixed as surging oil, Treasury yields weigh
Asian shares were mixed as rising oil prices and surging US Treasury yields reignited inflation concerns and expectations of further Federal Reserve rate hikes.
Treasuries Stabilize After Selloff, Stocks Decline: Markets Wrap
US Treasury yields stabilized near multi-year highs after a selloff driven by rising oil prices and Fed rate-hike expectations, while Asian stocks declined.
Wall St declines as oil prices, Treasury yields remain elevated
Wall Street indexes fell as elevated oil prices and rising Treasury yields fueled inflation concerns and heightened expectations of further Federal Reserve interest rate hikes.
US stocks fall as higher oil prices, Treasury yields weigh
US stocks fell as rising oil prices and Treasury yields fueled inflation worries and expectations of Federal Reserve interest rate hikes amid Iran tensions.
Gold hits seven-week low as oil surge fuels rate hike bets
Gold hit a seven-week low as rising oil prices fueled inflation concerns and bets on US interest rate hikes, alongside a stronger dollar and higher Treasury yields.