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A look at the day Ahead | Selected Financial Daily News | October 6, 2022:

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Source: reuters.com Morning Bid: Putting the back in greenback 2 minute read October 6, 2022 3 minutes The dollar chalked up its second straight daily increase of around 1% on Thursday to bring its year-to-date rise up to 17%. This would be the biggest annual appreciation since the era of free-floating exchange rates was introduced half a century ago. This is ominous for U.S. corporate profits, global financial conditions and central banks around the world battling to prevent historically low exchange rates from weakening further. chart Many Asian currencies enjoyed a breather over the past week as the U.S. dollar's rally lost steam, although the Indian rupee hit a record low on Thursday and the Japanese yen was set for its lowest New York daily close in 24 years around 145 per dollar. Intervention territory? You'd think so. These pressures look set to dominate Friday's session, contributin

Wall Street Markets Closing Report | Selected Financial Info News | October 6, 2022

 Source: cnbc.com | Selected Financial Info News by Fernando Guzmán Cavero Stocks close lower as investors await September jobs report, Dow drops nearly 350 points Tanaya Macheel, Carmen Reinicke     U.S. stocks fell Thursday, as traders weighed sharp swings in stocks and rates to start the month. The Dow Jones Industrial Average fell 346.93 points, or 1.15%, to 29,926.94. The S&P 500 lost 1.02% to 3,744.52, while the Nasdaq Composite dropped 0.68% to 11,073.31. The three stock benchmarks opened the session lower. All of the major averages are on pace to end the week more than 4% higher for their best week since June 24. Energy was the best performing sector, gaining 1.8%. Utilities lagged, falling 3.3%. The benchmark 10-year rate surpassed 3.8%. The 2-year yield, which is more sensitive to monetary policy changes, topped 4.2%. Investors are anxiously awaiting the Friday jobs report, which will show how the labor market fared in September, giving the central bank another p

EU Regulator News | EU Antitrust Regulator is searching to know if Microsoft will block Rivals after Activision Acquisition | Selected Financial Info News | October 6, 2022:

  Source: reuters.com | Selected Info News by Fernando Guzmán Cavero EU wants to know if Microsoft will block rivals after Activision deal.   2 minute read October 6, 2022   By Foo Yun Chee   3 minutes BRUSSELS, Oct 6 (Reuters) - EU antitrust regulators are asking games developers whether Microsoft (MSFT.O) will be incentivised to block rivals' access to "Call of Duty" maker Activision Blizzard's (ATVI.O) best-selling games, according to an EU document seen by Reuters. EU antitrust regulators are due to make a preliminary decision by Nov. 8 on whether to clear Microsoft's proposed $69 billion acquisition of Activision. The EU competition enforcer also asked if Activision's trove of user data would give the U.S. software giant a competitive advantage in the development, publishing and distribution of computer and console games, the EU document shows. The planned acquisition, the bigges

European Markets Closing Report | Selected Financial Info News | October 6, 2022:

 Source: cnbc.com :  Selected Info News by Fernando Guzmán Cavero European stocks close lower as markets fail to regain positive momentum Elliot Smith , Holly Ellyatt     All major bourses and the majority of stocks finished the day in the red, with utility stocks leading the losses, down 1.9%. Technology and autos stocks were the only sectors in the green, up 1.3% and 1.1%, respectively. Travel and leisure stocks closed just above the flat-line. The choppy trade in Europe came after regional markets closed lower on Wednesday as the positive trend seen in global stocks in recent days faded, particularly after euro zone PMI data fell to a 20-month low, cementing fears of a recession across the 19-member currency bloc. U.S. stocks seesawed Thursday , as traders weighed sharp swings in stocks and rates to start the month, while shares in the Asia-Pacific were mixed overnight . Read More: https://www.cnbc.com/2022/10/06/european-markets-open-to-close-stock-moves-data-and-earnings.htm

UK Mortgage rates | Selected Financial Info News | October 6, 2022:

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 Source: bbc.com : UK Mortage Rates | Selected Financial Info News by Fernando Guzmán Cavero Average five-year mortgage rate hits 12-year high Source: BBC News 2-3 minutes Image source, Getty Images The interest rate on a typical five-year fixed rate mortgage has topped 6% for the first time in 12 years. The typical deal now has a rate of 6.02%, the financial information service Moneyfacts says, a level not seen since February 2010. Mortgage rates have been rising for months, but saw a sharp increase following the mini-budget last month. The latest rise in rates comes as the bosses of major UK lenders are meeting the Chancellor, Kwasi Kwarteng. The meeting is understood to be part of a regular series of talks, but the impact of the recent financial market turmoil on the mortgage market is set to be discussed. Rates have jumped sharply in the past couple of weeks, and hundreds of mortgage deals have been taken off

UK Long Term Yields | Selected Financial Info News | October 6, 2022:

  Source: marketwatch.com : Selected Financial Info News by Fernando Guzmán Cavero U.K. long bond yields rise as end of Bank of England intervention looms Jamie Chisholm 3-4 minutes Long-dated U.K. government bond yields hit their highest levels since the Bank of England announced a £65 billion intervention in the market as traders noted the central bank was shortly due to end its buying program. The 30-year gilt yield TMBMKGB-30Y, 4.332% , which moves in the opposite direction to prices, rose 11 basis points to 4.305% on Thursday, up sharply from Monday’s recent low of 3.77%. Still, the benchmark’s yield remains significantly below the 5% breached on September 28th, when a flurry of selling engulfed the U.K. government bond market, raising fears of forced liquidations by pension funds, and prompting the BoE to step in. Inves

Stocks Biggest Moves Premarket | Selected Info News | October 6, 2022:

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  Sorce: cnbc.com : Selected Info News by Fernando Guzmán Cavero     By Peter Schacknow 3-4 minutes Check out the companies making headlines before the bell: Conagra (CAG) – The food producer's stock added 2% in the premarket after it reported better-than-expected quarterly profit and sales. Conagra also reaffirmed its full-year guidance. Peloton (PTON) – Peloton slid 4.1% in premarket trading after announcing it would cut another 500 jobs, or about 12% of its remaining workforce following several previous rounds of job cuts. CEO Barry McCarthy told the Wall Street Journal he's giving the fitness equipment maker another six months or so to turn itself around and if it can't, Peloton is likely not viable as a standalone company. McCormick (MKC) – The spice maker reported adjusted quarterly earnings of 69 cents per share, 7 cents below estimates, with revenue essentially in line with forecasts. McCormic