ECONOMY & MARKETS

Traders have sharply increased where they see rate hikes by the world's top central banks ending this cycle as red-hot inflation readings may force policymakers to act more aggressively to quell price pressures.

The stock market's brutal year neared a grim milestone as the S&P 500's slide on Monday threatened to leave it in a bear market for the first time since March 2020, fueled by worries over sky high inflation, a hawkish Federal Reserve and future economic growth.

There is a 50% chance the U.S. economy will enter a recession though any downturn is unlikely to be severe, Morgan Stanley CEO James Gorman said on Monday, warning of a "bumpy" ride ahead for investors.

Israel and India are preparing to resume talks on a free trade agreement, Israel's Economy Ministry said on Monday, adding that an Indian delegation had arrived in Jerusalem to discuss framework rules and coordinate expectations for negotiations.

Italy is studying measures to cut taxes on low- and middle-income workers and help families and firms cope with surging energy costs exacerbated by the Ukraine war, two government officials said.

The Bank of Japan is likely to keep interest rates ultra-low on Friday, unfazed by a relentless fall in the yen that is boosting import costs and shows little sign of abating while other central banks around the world withdraw monetary stimulus.

U.S. two-year Treasury yields rose above 10-year borrowing costs on Monday -- the so-called curve inversion that often heralds economic recession -- on expectations interest rates may rise faster and further than anticipated.

U.S. Federal Reserve officials, beset by ongoing high inflation and a weakening growth picture, will lay out on Wednesday how they think their increasingly difficult goal of cooling the economy without sending it into a tailspin may play out in the months ahead.

Wall Street's main stock indexes fell sharply on Monday, with the S&P 500 on track to confirm a bear market on fears that the Federal Reserve's aggressive rate hikes would tip the economy into recession.

Wall Street's main stock indexes fell sharply and the S&P 500 was on track to confirm a bear market on Monday on fears that the Federal Reserve's aggressive interest rate hikes would tip the economy into recession.

U.S. equities tumbled on Monday, with the S&P 500 confirming it is in a bear market, as fears grow that the expected aggressive interest rate hikes by the Federal Reserve would push the economy into a recession.

U.S. equities tumbled on Monday, with the S&P 500 on pace for its fourth straight decline and poised to confirm a bear market, as fears grow that the expected aggressive interest rate hikes by the Federal Reserve would push the economy into a recession.

Britain's economy unexpectedly shrank in April, official figures showed on Monday, adding to fears of a sharp slowdown just three days before the Bank of England announces the scale of its latest interest rate response to the surge in inflation.

The decision over who will be the Bank Japan's next chief will likely focus on two career central bankers whose different policy approaches and track records could affect the timing of an eventual exit from ultra-easy monetary policy.

Young South Koreans are buying homes in defiance of sharp rate rises that has once again put the spotlight on a severe housing shortage, complicating President Yoon Suk-yeol's plans to ease a property affordability crisis in Asia's fourth-biggest economy.

A bipartisan group of U.S. lawmakers urged U.S. Trade Representative Katherine Tai to push during World Trade Organization meetings this week for an extension of a moratorium on tariffs on digital trade that has been in place since 1998.

Thailand's central bank governor said on Monday that delaying rate hikes for too long would not be good for the country as inflation continues to climb, in remarks that prompted economists to predict an imminent rate hike.

Japan's top government spokesperson on Monday issued a fresh warning to markets that Tokyo was concerned about sharp yen falls and ready to "respond appropriately" if needed.

Tokyo is concerned about sharp falls in the yen currency and stands ready to "respond appropriately" if needed, Japan's top government spokesperson said on Monday, issuing a fresh warning to markets.

Asian stocks sank on Monday and bond yields ticked higher, as red-hot U.S.

Global government bonds extended a bruising selloff on Monday and the dollar resumed its march towards two-decade highs as red-hot U.S.

Global stocks and government bonds extended a bruising sell-off on Monday and the dollar resumed its march towards two-decade highs as red-hot U.S.

Global stocks and government bonds plunged again on Monday and the dollar hit two-decade highs as red-hot U.S.

Global stocks and government bonds plunged again on Monday and the dollar hit two-decade highs, as red-hot U.S.

Oil prices slipped more than $2 on Monday as a flare-up in COVID-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand, while worries about global inflation and economic growth further depressed the market.

Oil prices slid on Monday as a flare-up in COVID-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand, while worries about global inflation and sluggish economic growth further depressed the market.

Oil prices sank more than 2% on Monday, as a flare-up in COVID-19 cases in Beijing and worries about more interest rate hikes raised concerns about the demand outlook.

Oil prices rose on Monday in a session of volatile trade as tight global supplies outweighed worries that demand would be pressured by a flare-up in COVID-19 cases in Beijing and more interest rate hikes.

Israel's government plans to sharply boost construction starts and expand a discount scheme aimed at restraining rapidly rising housing prices as demand continues to outstrip supply.