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Stock Market

Wall St shares fall on slowing but strong US labor market

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File PhotoU.S. shares slip but global markets rally on U.S. jobs dataAmazon shares surge 8% on strong earnings; Apple falls nearly 5%U.S. Treasury yields and the dollar declineOil gains 1% plusAug 4 (Reuters) - Wall Street stocks fell on Friday, while the U.S. dollar and Treasury yields were lower, after a government jobs report showed a slowing but still tight U.S. labor market.Nonfarm...
Investing

Analysis: Commercial real estate investors, banks buckle up for perfect property storm

LONDON/SYDNEY, July 31 (Reuters) - Commercial real estate investors and lenders are slowly confronting an ugly question - if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar?Rising interest rates, stubborn inflation and squally economic conditions are familiar foes to seasoned commercial property buyers, who typically ride out storms waiting for rental demand to rally and the cost of borrowing to fall.Cyclical downturns rarely prompt fire sales, so long as lenders...
Banking

EU stress test shows three banks falling short

LONDON/FRANKFURT, July 28 (Reuters) - Three banks from the European Union failed to meet binding capital requirements in a stress test that saw a theoretical 496 billion euros ($546 billion) wiped from their buffers, the bloc's banking watchdog said on Friday.Bank stress tests became a feature in Europe and the United States after the 2008 global financial crisis when taxpayers had to bail out some undercapitalised lenders. They are now part of routine supervision to ensure banks can still support the economy even in times of stressed markets.The European Banking...
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