well. reports of people pulling their money out of other comparable, mid to large-sized regional banks that didn t necessarily exhibit any signs of stress prior to all of this. it s this sort of contagion, this financial panic contagion, which is why, precisely why the administration and the federal reserve were keen on making sure that they stopped the panic here before it spread to other financial institutions. investors seem to be reassured by what they re hearing from washington. we re looking at the futures. there you see the dow futures up more than 1%. the nasdaq futures adding nearly 2%. we ll keep a close eye on those numbers. another atmospheric river is expected to hit the u.s. state of california in the coming hours, just days after parts of the central coast were battered by storms and flooding. but there is a silver lining. after months of drought,
street. investors are hoping to see the markets rise after the long christmas holiday weekend. we re looking at futures there, which is pretty encouraging, the dow futures up 0.6% and the nasdaq futures up nearly 1% there. european markets are up there again, encouraging as well. meantime it wasn t an easy year for central banks around the world. in the u.s. alone the fed raised rates seven times to combat soaring inflation. cnn s richard quest and rachel solomon look at whether those efforts will pay off in the year ahead. richard. i look at our delightful christmas tree and i see markets, resessions, higher interest rates, all the things
MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.2% in early trade. Nonetheless, the index is set to rise 4.2% for the week, hovering around the highest level since September.
Speculation that China might open its economy saw copper jump 7% on Friday in its biggest one-day rally since 2009, while a range of resources all benefited from hopes of increased demand.
general millotors was the fi to pump the brakes. they are concerned it will become a haven for rampant hate speech and misinformation. we are hours away from the opening bell on wall street and the u.s. stock market is looking to rebound today. less than 1%. dow, s&p and nasdaq futures up now in anticipation of the jobs report that comes out at 8:30 a.m. eastern time. they ll be looking closely. expect 200,000 jobs added in october, down from 263,000 a month ago and the unemployment rate ticked up slightly to 3.6%. but on the up side, mortgage rates fell after topping 7% for the first time in 20 years last week. the 13-year fixed rate mortgage averaged 6.95% on thursday and that s still more than double the fixed rate a year ago which sits at just 3%. mortgage rates have been rising