Breaking News: Markets

Wall Street, Bank of Japan, currencies, oil

SINGAPORE — Shares in the Asia-Pacific region mostly traded lower on Wednesday, as economic fears continue to weigh on the market. Oil futures declined more than 4% in Asia trade. International benchmark Brent crude futures slipped 4.58% to $109.40 per barrel. US crude futures also dropped by 5.01% to $104.03 per barrel. Reuters reported that …

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These are the most oversold stocks in the S&P 500 due for a bounce

Certain stocks have become so oversold during this brutal bear market that they are long overdue to bounce. With stocks on Tuesday snapping back a bit after weeks of big losses, CNBC Pro set to find the stocks most overdue for a rebound. We looked for the shares trading the farthest from their average price …

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Kellogg, Lennar, Spirit Airlines and others

Check out the companies making headlines before the bell: Kellogg (K) – Kellogg jumped 8.1% in premarket trading after announcing plans to split into three separate public companies. One entity will comprise the snack and international cereal businesses, another the US cereal business and the third will be a pure-play plant-based food producer. Lennar (LEN) …

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Australia RBA meeting minutes, oil and currencies

SINGAPORE — Asia-Pacific markets were mostly buoyant on Tuesday while bitcoin continued to rise after a recent rebound. Australia’s central bank says inflation will peak by the end of the year ahead ahead of a meeting minutes release this morning. Japan’s Nikkei 225 was 1.67% higher while the Topix rose by 1.72%. The Kospi in …

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S&P 500 futures rise 1% as the market is set to rebound from a brutal week

Traders on the floor of the NYSE, June 16, 2022. Source: NYSE Stock futures rose in overnight trading Monday following a brutal week as investors assessed a more aggressive Federal Reserve and rising chances of a recession. Futures on the Dow Jones Industrial Average gained more than 250 points. S&P 500 futures climbed 1.1% and …

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China keeps benchmark lending rate unchanged

Stock picks and investing trends from CNBC Pro: Hong Kong’s Hang Seng index dipped 0.43%. Shares of Alibaba shares in Hong Kong fell more than 2%, despite Reuters reporting Friday that China’s central bank has accepted Alibaba-affiliate Ant Group’s application to form a financial holding firm, reviving hopes for a potential public listing for Ant. …

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