HSBC’s Hong Kong rate cushion strengthens case for $46 billion income target

HSBC Holdings Plc has gained a modest Hong Kong rate cushion ahead of its Aug. 4 interim results. One-month HIBOR fixed at 2.82821% on Thursday, 32.8 basis points above the level its finance chief described in May as the bank’s preferred range. A basis point is one-hundredth of a percentage point.

SWIFT Blockchain Goes Live With 17 Banks—But the Pilot Math Tells a Cautious Story

SWIFT Blockchain Goes Live With 17 Banks—But the Pilot Math Tells a Cautious Story

SWIFT said its blockchain ledger was ready for initial use this week with 17 banks across six continents, including Citigroup and HSBC Holdings, opening a controlled test of round-the-clock cross-border transfers using bank-issued digital deposits. The investor question is no longer whether SWIFT can build the layer, but whether its distribution network can produce meaningful payment traffic.
Banks Jump in FTSE Rally, AI Tugs LSEG

Banks Jump in FTSE Rally, AI Tugs LSEG

FTSE 100 climbs as HSBC, StanChart, Prudential rally The FTSE 100 gained 0.6% to 10,316.05 at 0917 GMT on Thursday, lifted by a rebound in HSBC, Standard Chartered and Prudential. HSBC and Standard Chartered rose 2% each. Prudential jumped 3.4%. Mid-cap FTSE 250 traded flat. Market gains stayed limited with concerns over the Middle East and new doubts about funding the artificial-intelligence rally.
Stock Market Today: S&P 500, Nasdaq Hit Fresh Records as Oil Spike Tests Wall Street Rally

Stock Market Today: S&P 500, Nasdaq Hit Fresh Records as Oil Spike Tests Wall Street Rally

U.S. stocks pushed up on Monday, with both the S&P 500 and Nasdaq reaching new highs as gains in chipmakers and energy names persisted. Crude prices jumped after U.S.-Iran talks stalled, fanning fresh inflation concerns, but the rally held. “The worry list is long, but the economy keeps proving the bears wrong,” said Robert Edwards, chief investment officer at Edwards Asset Management, in comments to Reuters.
Best Stocks to Buy Today: 5 Earnings Stocks Wall Street Is Watching Before the Fed Decision

Best Stocks to Buy Today: 5 Earnings Stocks Wall Street Is Watching Before the Fed Decision

Those on the hunt for top stocks today are facing a slimmer field than the label implies. Earnings, not just general artificial intelligence hype, are driving the action. Early Wednesday, U.S. stock futures ticked higher, as investors juggled a stream of corporate results, the Federal Reserve’s looming decision, and a fresh batch of megacap tech earnings.
Shanghai Stock Exchange Slides After PMI Beat, Seals Worst Month Since 2022

Shanghai Stock Exchange Slides After PMI Beat, Seals Worst Month Since 2022

Shanghai’s main stocks slipped Tuesday. The Shanghai Composite dropped 31.43 points—off 0.8% at 3,891.86—to notch its sharpest monthly decline since January 2022. The CSI 300 index, covering major Shanghai and Shenzhen listings, retreated 0.93% to 4,450.05. Hong Kong’s Hang Seng inched up 0.15%. Coal and semiconductor shares were hit hardest on the mainland, falling 3.8% and 3.7%.
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US Stock Market Today Updates

MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

View full calendar
Times and estimates may change. Verify before trading.