Investors need not worry about higher-for-longer interest rates, according to BMO’s Brian Belski. He noted that stocks have historically performed just fine during periods of rising and elevated interest rates. These four charts prove Belski’s bullish stance even as the Federal Reserve signals no imminent rate cuts. Thanks for signing up! Access your favorite topics

Don’t miss a story Sign up to the Behind the Headlines newsletter (and get a free copy of Byline Times in the post) Brexit “wrecked” the London stock market and the “consequences have been disastrous”, a leading writer on the economy has said while suggesting the level of underperformance is so “serious and astonishing” it

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: With roughly one-third of the year gone by, investors may notice something strange about 2024: It looks a lot like 2023. “The rotation trade has just gotten a lot more complicated,” wrote RBC

TOKYO — Asian shares were trading mixed Wednesday, as expectations resurfaced that U.S. interest rates may stay high for a while. Japan’s benchmark Nikkei 225 dipped 0.5% in afternoon trading to 38,296.69. Australia’s S&P/ASX 200 edged up less than 0.1% to 7,618.50. South Korea’s Kospi was little changed, inching down to 2,608.93. Hong Kong’s Hang

Good morning. Bank of England Governor Andrew Bailey opens the door to UK rate cuts, with today’s inflation data likely to add to the case, while Jerome Powell is in no rush for the Fed to ease. Luxury goods stocks face a dour day. Here’s what people are talking about. The Bank of England may

(Bloomberg) — Asian stocks traded in narrow ranges following a rout that pushed a key benchmark close to erasing the year’s advance. Currencies were in focus once again as traders braced for higher-for-longer interest rates in the US. Most Read from Bloomberg The dollar edged lower versus most of its major peers Wednesday after seeing

Superdry has said it will leave the London Stock Exchange and will seek rent reductions for its stores as part of a radical three-year restructuring plan. The troubled fashion chain, which is also hoping to raise up to £10 million in fresh funds, said it would be forced into an insolvency procedure if it did

In response to the recent geopolitical shifts, the main index turned negative, registering a 0.73% drop at the close of Tuesday’s session, settling at 29,401 points. The EGX70 EWI saw a rise of 0.86%, reaching 6,754 points, while the comprehensive EGX100 climbed by 0.51% to 9,633 points. Conversely, the EGX30 Capped experienced a 0.75% decrease,

Stocks were up Tuesday after equities tumbled in the previous session on worries over Middle East tensions and on fears the Federal Reserve will have to maintain high interest rates to keep inflation under control. Earnings reports Tuesday from UnitedHealth Group and Bank of America were better than expected. UnitedHealth reported first-quarter adjusted earnings of

New residential construction, including single-family and multifamily homes, tumbled by the largest amount in four years as rising mortgage rates weaken housing activity. Housing starts fell 14.7% month over month in March, dropping from a 1.55 million units annualized pace to 1.32 million units annualized, according to data from the Census Bureau released Tuesday. Single-family