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Stocks stumble as `dollar juggernaut` on a roll Asia's stockmarkets dipped on Friday, with tech shares tumbling on deepening Sino-U.S. tensions, while the dollar was set to seal its longest winning streak in nine years as investors braced for U.S. interest rates to stay higher for longer. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2% in early trade and is down 1.4% for the week. Hong Kong markets were closed for the morning due to storms lashing the city. Japan's Nikkei fell 0.8%. Some $200 billion ...
Stocks stumble as `dollar juggernaut` on a roll
Stocks stumble as `dollar juggernaut` on a roll
Source: Reuters
8/09/2023 8:56:45 AM
Bonds rally, stocks drift as China boost fades Asian equity markets struggled for direction on Tuesday as the bounce from Beijing's efforts to support stocks ebbed, while bonds rallied and the dollar dipped ahead of U.S. labour and manufacturing data due later in the week. Amid growing expectations those data points could come in soft, U.S. Treasuries extended overnight gains, driving two-year yields down 6.5 basis points (bps) to 4.9855% and 10-year yields down three bps to 4.1843%. [US/] That put some gentle pressure on the do...
Bonds rally, stocks drift as China boost fades
Bonds rally, stocks drift as China boost fades
Source: Reuters
29/08/2023 8:55:11 AM
Indian team leaves for Men`s Asian Hockey 5s World Cup Qualifier The Indian Men's Hockey Team on Sunday flew to Salalah, Oman for the Men’s Asian Hockey 5s World Cup Qualifier, set to take place from August 29 to September 2. India Team has been placed in the Elite Pool along with Malaysia, Pakistan, Japan, Oman, and Bangladesh. The Indian Team will open their campaign on Tuesday against Bangladesh.  Meanwhile, the Challengers Pool consists of Hong Kong China, Indonesia, Afghanistan, Kazakhstan, and Iran. After their opening contest...
Indian team leaves for Men`s Asian Hockey 5s World Cup Qualifier
Indian team leaves for Men`s Asian Hockey 5s World Cup Qualifier
Source: IANS
27/08/2023 11:38:28 AM
Gold bound for best week in six, spotlight on Jerome Powell's speech Gold prices steadied near two-week highs on Friday and was headed for their best week in six as U.S. Treasury yields backed off highs ahead of speeches by top central bankers including Fed Chair Jerome Powell that could guide on future interest rates. FUNDAMENTALS * Spot gold was down 0.1% at $1,915.89 per ounce by 0120 GMT, holding below its highest since Aug. 10 hit on Thursday. It has gained 1.4% for the week so far. * U.S. gold futures fell 0.2% to $1,943.90. * European Centra...
Gold bound for best week in six, spotlight on Jerome Powell's speech
Gold bound for best week in six, spotlight on Jerome Powell's speech
Source: Reuters
25/08/2023 9:24:37 AM
Asia stocks track Wall Street rally as treasury yields retreat Asian shares rallied on Thursday after blockbuster results from tech darling Nvidia boosted Wall Street and a retreat in U.S. bond yields eased pressure on borrowing costs globally. A round of soft surveys on manufacturing had also revived hopes central banks were done tightening, though that might change depending on what clues about interest rates Federal Reserve Chairman Jerome Powell gives at an annual central bank summit in Jackson Hole, Wyoming, on Friday. "Equities rallied a...
Asia stocks track Wall Street rally as treasury yields retreat
Asia stocks track Wall Street rally as treasury yields retreat
Source: Reuters
24/08/2023 8:52:39 AM
Asian shares sit tight ahead of Nvidia results, yields near highs Asian shares held tight ranges on Wednesday as investors awaited results from tech darling Nvidia to see if the sector's lofty valuations can withstand a jump in bond yields, while still gloomy factory readings from Japan left sentiment fragile. S&P 500 futures climbed 0.3% while Nasdaq futures rose 0.4%. MSCI's broadest index of Asia-Pacific shares outside Japan were up 0.1%, hovering not far away from its nine-month trough hit just two sessions ago. Japan's Nikkei rose...
Asian shares sit tight ahead of Nvidia results, yields near highs
Asian shares sit tight ahead of Nvidia results, yields near highs
Source: Reuters
23/08/2023 8:50:15 AM
India`s Anahat Singh wins gold in U-17 category at Asian Junior Squash Championship India's Commonwealth Games squash star Anahat Singh clinched the gold in the girls under-17 category of the 30th Asian Junior Squash Individual Championship held in Dalian, China, on Sunday. In the event held from August 16 to 20, the 15-year-old Anahat defeated Ena Kwong of Hong Kong 3-1 to clinch the title.  Earlier, the squash player from Delhi defeated Doyce Lee of Malaysia in the quarters and Whitney Isabelle Wilson of Malaysia in the semis to reach the finals.  Th...
India`s Anahat Singh wins gold in U-17 category at Asian Junior Squash Championship
India`s Anahat Singh wins gold in U-17 category at Asian Junior Squash Championship
Source: IANS
20/08/2023 4:58:56 PM
Asian shares mostly weaker as markets mull Fed rate rise Asian markets were trading mostly weaker on Wednesday ahead of the U.S. Federal Reserve's expected interest rate rise to be delivered later in the day, as investors also weighed the likelihood of a Chinese economic stimulus package. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, after U.S. stocks ended the previous session with mild gains. The index is up 3.8% so far this month. The yield on benchmark 10-year Treasury notes rose to 3.8924%, compared with it...
Asian shares mostly weaker as markets mull Fed rate rise
Asian shares mostly weaker as markets mull Fed rate rise
Source: Reuters
26/07/2023 8:46:23 AM
Asia stocks gain; US futures slip after Netflix, Tesla earnings Asian stocks rose and sterling stumbled on Thursday as cooling UK inflation lifted risk appetite ahead of central bank meetings next week, while disappointing earnings results from Netflix and Tesla pushed U.S. futures lower. Meanwhile, China's yuan shot up after authorities tweaked cross-border financing rules and major state-owned banks were seen selling dollars in moves analysts said were designed to shore up the currency. MSCI's broadest index of Asia-Pacific shares outside ...
Asia stocks gain; US futures slip after Netflix, Tesla earnings
Asia stocks gain; US futures slip after Netflix, Tesla earnings
Source: Reuters
20/07/2023 8:50:22 AM
Asia shares slip further as China casts a pall, dollar's slide abates  Asian stocks fell on Tuesday as weak Chinese economic data released the previous day continued to weigh on sentiment, while investors were waiting to see if U.S. retail sales data would shine a light on the path for U.S. interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.63% in the morning session. Investors are waiting for stronger signs of inflation cooling, with the readings on U.S. retail sales and U.S. industrial production to be released...
Asia shares slip further as China casts a pall, dollar's slide abates
Asia shares slip further as China casts a pall, dollar's slide abates
Source: Reuters
18/07/2023 9:11:06 AM
Asia stocks set for best week of 2023, dollar reels on dovish Fed bets Asian stocks rose on Friday, on course for their best week this year, as a cooling in U.S. inflation stoked speculation that the Federal Reserve could pause rate hikes after this month. The dollar sank to a fresh 15-month low against major peers and U.S. Treasury yields languished near multi-week lows following the sharpest weekly drop in four months. Gold was poised for its best week in three months as the dollar floundered, while crude oil rose to the highest in nearly three months. ...
Asia stocks set for best week of 2023, dollar reels on dovish Fed bets
Asia stocks set for best week of 2023, dollar reels on dovish Fed bets
Source: Reuters
14/07/2023 8:51:15 AM
Dollar slips as Fed hike cycle nears end; focus on US inflation The dollar weakened on Tuesday after Federal Reserve officials signalled that the central bank was nearing the end of its tightening cycle, though it traded in a tight range ahead of a key U.S. inflation report. Several Fed officials said on Monday the central bank will likely need to raise interest rates further to bring down still-high inflation, but that the end to its current monetary policy tightening cycle is getting close. The comments knocked the greenback to a two-month low of ...
Dollar slips as Fed hike cycle nears end; focus on US inflation
Dollar slips as Fed hike cycle nears end; focus on US inflation
Source: Reuters
11/07/2023 9:04:22 AM
Asia shares buoyed by Fed pause bets; dollar heavy Asia-Pacific equities rose to their highest level since mid-February on Friday, taking cues from an overnight Wall Street rally as market bets firmed for the Federal Reserve to skip a rate hike next week. Japanese and Australian bond yields followed those on U.S. Treasuries lower, and the dollar remained on the defensive early in the Asian session. MSCI's broadest index of Asia-Pacific shares added 0.6%, and at one point touched its strongest level since Feb. 16. Much of that was...
Asia shares buoyed by Fed pause bets; dollar heavy
Asia shares buoyed by Fed pause bets; dollar heavy
Source: Reuters
9/06/2023 8:35:51 AM
UPL gains on introducing two new insecticides in North American Market UPL is currently trading at Rs. 682.05, up by 6.35 points or 0.94% from its previous closing of Rs. 675.70 on the BSE. The scrip opened at Rs. 676.00 and has touched a high and low of Rs. 684.95 and Rs. 676.00 respectively. So far 6145 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 807.00 on 05-Dec-2022 and a 52 week low of Rs. 607.80 on 23-Jun-2022. Last one week high and low of the scrip stood at Rs. 685.45 a...
UPL gains on introducing two new insecticides in North American Market
UPL gains on introducing two new insecticides in North American Market
Source: Accord Fintech
26/05/2023 10:33:36 AM
FPI bought equity worth Rs 18,617 crore in May In May, foreign portfolio investors (FPI) bought equity for Rs 18,617 crore. V.K. Vijayakumar, the Chief Investment Strategist at Geojit Financial Services said there is a distinct change in the FPI strategy with a clear tilt in favour of India. In the first three months of 2023, FPIs were continuous sellers in India due to India's premium valuations and the opportunities provided by the Chinese reopening and the relatively lower valuations in South Korea, Hong Kong and Taiwan. That...
FPI bought equity worth Rs 18,617 crore in May
FPI bought equity worth Rs 18,617 crore in May
Source: IANS
14/05/2023 11:34:35 AM
Julius Baer Launches Asia`s First Family Wealth Planning Certificate Programme for its clients The Bank aims to equip its clients and their Next Generation with the necessary skills to navigate cross-generational transitions and preserve their family legacy, in a first-of-its-kind Wealth Planning Certificate Programme issued jointly with Cornell University and RSM Hong Kong. Julius Baer has launched an exclusive Family Wealth Planning Certificate Programme for its UHNW and Next Generation clients across the Asia Pacific region, offering them a deep dive into the intricate dynamics o...
Julius Baer Launches Asia`s First Family Wealth Planning Certificate Programme for its clients
Julius Baer Launches Asia`s First Family Wealth Planning Certificate Programme for its clients
Source: PR Agency
21/04/2023 12:39:44 PM
Tech drags Hong Kong stocks, dollar squeezed as US inflation slows  Asian stocks struggled on Thursday, dragged by selling in Hong Kong tech shares, while the dollar was under pressure and short-dated bonds were firm as softening U.S. inflation seemed to suggest the U.S. rate hike cycle was nearing its end. Early in the Asia day the euro hit a 2-1/2 month top at $1.10. Investors reckon Europe's central bankers will need to stay on the hawkish side for longer than their U.S. counterparts to rein in rising prices. MSCI's broadest index of As...
Tech drags Hong Kong stocks, dollar squeezed as US inflation slows
Tech drags Hong Kong stocks, dollar squeezed as US inflation slows
Source: Reuters
13/04/2023 8:49:02 AM
Asian shares subdued as jobs data raises odds of Fed rate hike  Asian shares inched higher, while the dollar started the week on the front foot after the U.S. jobs data underscored a tight labour market, firming up expectations that the Federal Reserve will again raise interest rates at its meeting next month. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.14% higher, while Japan's Nikkei gained 0.5%. Australian, Hong Kong and European markets are closed for Easter. E-mini futures for the S&P 500 were flat. China ...
Asian shares subdued as jobs data raises odds of Fed rate hike
Asian shares subdued as jobs data raises odds of Fed rate hike
Source: Reuters
10/04/2023 8:54:01 AM
Stocks meander as US jobs dry up, kiwi jumps on RBNZ surprise  Stocks struggled to make headway on Wednesday, the dollar nursed losses and bonds clung to gains, as signs of a slowing U.S. labour market made investors nervous about the economic outlook, while a bigger-than-expected rate hike lifted the kiwi dollar. Asia trade was thinned by holidays in Hong Kong and China, leaving MSCI's Asia-Pacific index excluding Japan faring little better than flat, while Japan's Nikkei fell 1.6% and was set for the biggest one-day percentage fall sin...
Stocks meander as US jobs dry up, kiwi jumps on RBNZ surprise
Stocks meander as US jobs dry up, kiwi jumps on RBNZ surprise
Source: Reuters
5/04/2023 8:48:51 AM
Hong Kong`s air passenger traffic surges 24-fold in February The Airport Authority Hong Kong (AAHK) said on Sunday that passenger traffic at the Hong Kong International Airport (HKIA) registered around 2.1 million last month, marking a year-on-year surge of around 24 times. In February, cargo volume and flight movements saw year-on-year increases of 6.7 per cent and 95.7 per cent to 290,000 tonnes and 16,305, respectively, Xinhua News Agency reported. Due to the relaxation of travel restrictions, all passenger segments experienced significant gro...
Hong Kong`s air passenger traffic surges 24-fold in February
Hong Kong`s air passenger traffic surges 24-fold in February
Source: IANS
26/03/2023 4:55:45 PM
Asian shares falter on banking concerns, bonds bet on last rate hikes Asian shares were lower on Friday as lingering banking stability concerns gripped Wall Street, while bonds bet the recent slew of rate hikes by central banks will be among the last of the cycle, allowing for policy relief later in the year. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%% on Friday, erasing some of the recent gains to be up 1.7% for the week. Japan's Nikkei also slid 0.4%. China's bluechips eased 0.4%, Hong Kong's Hang Seng Index los...
Asian shares falter on banking concerns, bonds bet on last rate hikes
Asian shares falter on banking concerns, bonds bet on last rate hikes
Source: Reuters
24/03/2023 8:40:25 AM
Credit Suisse thrown $54 billion lifeline in rush to ward off global bank crisis Credit Suisse said on Thursday it would borrow up to $54 billion from Switzerland's central bank to shore up liquidity and investor confidence, after a slump in its shares had intensified fears about a global banking crisis. The bank's announcement, which came in the middle of the night in Zurich, prompted a 24% rise in Credit Suisse shares and helped reverse some of the heavy losses on stock markets driven by investor fears over potential bank runs across the world. Credit Suis...
Credit Suisse thrown $54 billion lifeline in rush to ward off global bank crisis
Credit Suisse thrown $54 billion lifeline in rush to ward off global bank crisis
Source: Reuters
16/03/2023 5:06:27 PM
Credit Suisse secures $54 billion lifeline as authorities rush to avert global bank crisis Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global banking crisis. The Zurich-based bank's announcement helped reverse some of the heavy share market losses and restored confidence in wider financial markets, which were battered on Wednesday and into Asia trade on Thursday as investors fretted about potential runs on global bank deposits. ...
Credit Suisse secures $54 billion lifeline as authorities rush to avert global bank crisis
Credit Suisse secures $54 billion lifeline as authorities rush to avert global bank crisis
Source: Reuters
16/03/2023 3:34:36 PM
Stock markets across Asia fall as global banking fears widen Stock markets across Asia fell on Thursday as troubles at international banking giant Credit Suisse intensified fears of a wider bank crisis. Major indexes in Japan, Hong Kong and Australia fell by over 1 per cent amid heavier losses in bank shares, the BBC reported. This comes as Credit Suisse said it would borrow up to $54 billion to shore up its finances. Shares in the bank plunged after it found "weakness" in its financial reporting. As a result, Japan's Nikkei 2...
Stock markets across Asia fall as global banking fears widen
Stock markets across Asia fall as global banking fears widen
Source: IANS
16/03/2023 12:47:55 PM
Asian stocks jump as strong China data revives reopening optimism  Asian stocks rebounded from a two-month low on Wednesday as data showing China's manufacturing activity in February expanded at the fastest pace in more than a decade cheered investors, ofsetting fears over rising interest rates. China's official manufacturing purchasing managers' index (PMI) stood at 52.6 last month against 50.1 in January, based on data from the National Bureau of Statistics, smashing expectations as production zoomed after the lifting of COVID-19 restr...
Asian stocks jump as strong China data revives reopening optimism
Asian stocks jump as strong China data revives reopening optimism
Source: Reuters
1/03/2023 9:19:19 AM
Asian shares edge higher, dollar rally takes a breather Asian shares nudged higher on Tuesday, tracking small gains on Wall Street, while the U.S. dollar paused after a sharp rally as month-end flows lift sentiment and investors adjust to expectations of more interest rate hikes. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.25% higher but was set to end the month down about 6%. Japan's Nikkei rose 0.44%, while Australia's S&P/ASX 200 index gained 0.51%. China shares was up 0.4% while Hong Kong's Hang S...
Asian shares edge higher, dollar rally takes a breather
Asian shares edge higher, dollar rally takes a breather
Source: Reuters
28/02/2023 8:44:44 AM
Stocks take breather after January surge, Adani plunges in India  World stocks eked out a 5-1/2 month high and the dollar held close to an eight-month low on Friday, as reassuring U.S. economic and inflation data kept the bulls largely in charge ahead of next week's slate of top central bank meetings. Asia-Pacific shares maintained their best start to a year overnight with a 9-month high despite ongoing drama in India. Though Europe and Wall Street futures looked down, MSCI's all-country index was still on a 6-day winning streak, just about...
Stocks take breather after January surge, Adani plunges in India
Stocks take breather after January surge, Adani plunges in India
Source: Reuters
27/01/2023 8:56:35 AM
Shares in Asia hit fresh 7-month high, U.S. GDP data awaited Asian equities rose to a fresh seven-month high on Thursday, with Hong Kong shares playing catch-up to other markets' gains as trade resumed after its three-day Lunar New Holiday. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.9% to 557.65 and was set for its fifth straight day of gains. The index has gained 10% so far in January, buoyed by expectations of a strong economic rebound in China and by hopes that most major central banks are nearing an end to he...
Shares in Asia hit fresh 7-month high, U.S. GDP data awaited
Shares in Asia hit fresh 7-month high, U.S. GDP data awaited
Source: Reuters
26/01/2023 8:52:25 AM
Asian shares slip as COVID surge in China makes investors uneasy Asian equities weakened slightly on Thursday as soaring COVID cases in China unsettled investors and cast doubt over chances of a swift recovery for the world's second biggest economy after the relaxation of stringent COVID curbs. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.78%, and was set to end the last month of the year in the red, capping a brutal 2022. Futures indicated the dour mood was likely to continue in Europe, with Eurostoxx 50 futures down...
Asian shares slip as COVID surge in China makes investors uneasy
Asian shares slip as COVID surge in China makes investors uneasy
Source: Reuters
29/12/2022 8:52:22 AM
Asian shares muted as investors fret over China reopening Asian equities swung between losses and gains in choppy trading on Wednesday as investors looked for direction after China took further steps towards reopening its COVID-battered economy, with worries over an economic slowdown weighing on sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.12%, having slid as much as 0.5%. After having the best monthly performance in nearly 30 years in November, the index is flat for December with two days of trading left. ...
Asian shares muted as investors fret over China reopening
Asian shares muted as investors fret over China reopening
Source: Reuters
28/12/2022 8:53:26 AM
Stocks and commodities jump as China drops quarantine rule Stock markets gained on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travellers - a major step in reopening its borders. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%, outperforming an index of global shares, which rose 0.2%. China's bluechip gained 1%. The pan-European STOXX 600 index rose 0.5%, tracking the rally in Asia, a small gain against the nearly 12% it has lost this year, as central banks' aggressive moneta...
Stocks and commodities jump as China drops quarantine rule
Stocks and commodities jump as China drops quarantine rule
Source: Reuters
27/12/2022 8:48:38 AM
Asian shares slip on fears that Fed will have to stay hawkish Asian shares fell on Friday and were set for a second week of losses, while the dollar firmed as strong U.S. data revived fears the Federal Reserve will have to retain its hawkish stance to tame inflation. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1%, snapping a two-day winning streak. Australia's S&P/ASX 200 index and Japan's Nikkei also lost 1%. U.S. weekly jobless claims data pointed to a still tight labour market, while the U.S. economy rebou...
Asian shares slip on fears that Fed will have to stay hawkish
Asian shares slip on fears that Fed will have to stay hawkish
Source: Reuters
23/12/2022 8:59:13 AM
Rupee rises on dollar index weakness; volatility remains muted  The Indian rupee advanced against the U.S. currency on Thursday, tracking a fall in the dollar index ahead of U.S. data. The rupee last traded at 82.7625 per U.S. dollar, up marginally from 82.81 in the previous session. The rupee held an 82.65 to 82.80 range on volumes that were better than Wednesday, but lower than usual. The volume on the interbank order matching system was $4.6 billion, compared to $4.4 billion the day before and this month's daily average of $5.6 billion....
Rupee rises on dollar index weakness; volatility remains muted
Rupee rises on dollar index weakness; volatility remains muted
Source: Reuters
22/12/2022 9:37:16 AM
Stocks, bonds fall as BOJ's surprise policy shift spooks investors Global stocks and bonds fell on Tuesday as a surprise policy tweak by Japan's central bank rattled investors already worried about the economic fallout of rising interest rates and lifted domestic bond yields to seven-year highs. The Bank of Japan (BOJ) widened the allowable band for long-term yields to 50 basis points either side of its 0% target, from 25 basis points previously. European stock markets hit six-week lows, with the German and French benchmark indices falling by as mu...
Stocks, bonds fall as BOJ's surprise policy shift spooks investors
Stocks, bonds fall as BOJ's surprise policy shift spooks investors
Source: Reuters
20/12/2022 8:50:58 AM
Malaysia`s air passenger traffic to grow by max 52% on year in 2023 The Malaysian Aviation Commission (MAVCOM) on Monday said that it expects the country's air passenger traffic in 2023 to increase by between 40 per cent and 52 per cent year on year, which means between 74.6 million and 80.8 million passengers. MAVCOM said in its industry report that it expects the international passenger traffic to experience significant recovery, with routes to key markets gradually being restored beginning the fourth quarter of 2022, reports Xinhua news agency. A...
Malaysia`s air passenger traffic to grow by max 52% on year in 2023
Malaysia`s air passenger traffic to grow by max 52% on year in 2023
Source: IANS
19/12/2022 3:48:46 PM
Indian dealers offer steeper discounts to lure price : wary buyers Indian gold dealers offered bigger discounts to attract consumers who delayed purchases due to a spike in prices this week, while China's reopening plans have kept premiums firm in the world's top bullion buyer. Gold discounts in India were at their highest in a month, with dealers offering a discount of up to $25 an ounce over official domestic prices — inclusive of the 15% import and 3% sales levies, up from the last week's discount of $20. The sudden spike in prices...
Indian dealers offer steeper discounts to lure price : wary buyers
Indian dealers offer steeper discounts to lure price : wary buyers
Source: Reuters
16/12/2022 6:22:39 PM
Stocks drop as central banks meet after 'higher for longer' Fed view Global shares slid for a second day on Thursday as major central banks deliver their final policy decisions of the year, with the U.S. Federal Reserve signalling that it expected interest rates to stay higher for longer. In Europe, the Swiss National Bank delivered an expected half-point hike that brought rates to a 14-year high of 1%. The franc reversed early losses and rose against the euro as well as the dollar after Chairman Thomas Jordan said the central bank will keep propping up ...
Stocks drop as central banks meet after 'higher for longer' Fed view
Stocks drop as central banks meet after 'higher for longer' Fed view
Source: Reuters
15/12/2022 9:01:40 AM
Global shares ease as central bank rate hikes loom Global stocks fell on Monday as investors braced for the last round of transatlantic interest rate hikes this year from a trio of central banks, hoping that a hitherto hefty pace of increases in borrowing costs will finally show signs of easing. Oil prices rose as a key pipeline supplying the United States remained shut, while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price cap on its exports. The dollar rose against the Japanese yen but ...
Global shares ease as central bank rate hikes loom
Global shares ease as central bank rate hikes loom
Source: Reuters
12/12/2022 3:21:07 PM
Marketmind: Dollar on the jobs line A look at the day ahead in European and global markets from Tom Westbrook: Having just closed out its worst month since 2010, the dollar's bull run may be ending. Federal Reserve Chair Jerome Powell green-lit selling this week, surprising traders by not pushing back against markets' shifting financial conditions looser in the last few weeks. Since the Fed hiked 75 basis points in November, 10-year Treasury yields have fallen more than 50 basis points and mortgage rates have f...
Marketmind: Dollar on the jobs line
Marketmind: Dollar on the jobs line
Source: Reuters
2/12/2022 11:35:20 AM
Asia stocks rebound despite disappointing China data Asian shares rebounded on Wednesday as investors pinned hopes on China eventually reopening its economy despite growing COVID lockdowns that pushed its factory and services sector activity deeper into contraction. Europe and Wall Street were also set to open higher with FTSE futures and E-mini futures for the S&P 500 index up 0.35% and 0.15%, respectively, at 0518 GMT. MSCI's broadest gauge of Asia Pacific stocks outside Japan reversed morning losses to gain 0.67%. At current le...
Asia stocks rebound despite disappointing China data
Asia stocks rebound despite disappointing China data
Source: Reuters
30/11/2022 8:42:16 AM
Rupee drops as COVID woes keep Chinese yuan pinned The Indian rupee declined against a steady U.S. dollar on Monday, tracking the Chinese yuan's plunge on stringent COVID curbs in the country. The rupee eased to 81.8850 per dollar by 0441 GMT, as against its previous close of 81.6850. The onshore yuan slipped 0.6%, prompting a 0.2% to 1% decline in Asian currencies, while the rupee held up relatively better than its peers. Regional stocks were also lower as Chinese equities and Hong Kong shares dropped 0.8% and 2%, respectively. ...
Rupee drops as COVID woes keep Chinese yuan pinned
Rupee drops as COVID woes keep Chinese yuan pinned
Source: Reuters
21/11/2022 12:17:19 PM
Dollar bounces as U.S. economy sends mixed signals; sterling slips  The dollar rose on Thursday as investors digested mixed U.S. economic data, while the British pound changed direction and slipped ahead of the government's budget update. The greenback has tumbled in recent weeks as inflation data and comments from Federal Reserve officials have suggested that the central bank can soon slow the pace of its punishing interest rate hikes. Yet the dollar rose on Thursday after U.S. retail sales data for October, released on Wednesday, came in str...
Dollar bounces as U.S. economy sends mixed signals; sterling slips
Dollar bounces as U.S. economy sends mixed signals; sterling slips
Source: Reuters
17/11/2022 2:42:22 PM
Asian stocks shaken by blast in Poland; dollar gains Asian stocks dropped and the dollar gained on Wednesday after a blast in Poland that Ukraine and Polish authorities said was caused by a Russian-made missile. Worries over a potential ratcheting up of geopolitical tensions spurred a drop of 1% in MSCI's broadest index of Asia-Pacific shares outside Japan. Australian shares fell 0.4%, while Japan's Nikkei stock index dropped 0.1%. Hong Kong's Hang Seng Index shed 1.1% and China's CSI 300 fell 0.4% by the midday break. ...
Asian stocks shaken by blast in Poland; dollar gains
Asian stocks shaken by blast in Poland; dollar gains
Source: Reuters
16/11/2022 8:47:45 AM
Asia shares rise while oil falls on China COVID outlook  Asian share markets were higher on Tuesday and oil was weaker as investors sought to digest the economic implications of China's COVID-19 policy adjustments and a rescue package for the country's struggling property sector. MSCI's broadest index of Asia-Pacific shares outside Japan was up 2%, following mild losses for U.S. shares overnight. Australian shares lost 0.07%, while Japan's Nikkei stock index was up 0.18% after initially trading in negative territory. ...
Asia shares rise while oil falls on China COVID outlook
Asia shares rise while oil falls on China COVID outlook
Source: Reuters
15/11/2022 8:43:40 AM
China's real estate crisis could be over Chinese authorities are making their biggest effort yet to end a crisis in the country's vast real estate sector that has weighed heavily on the economy over the past year, media reports said. Shares of China's biggest property developer Country Garden soared as much as 52 per cent in Hong Kong after Beijing on Friday unveiled a 16-point plan that significantly eases a crackdown on lending to the sector, CNN reported. Key measures include allowing banks to extend maturing loans ...
China's real estate crisis could be over
China's real estate crisis could be over
Source: IANS
14/11/2022 7:47:21 PM
Rupee eyes biggest gain since late 2018 on rising bets of Fed pivot The Indian rupee surged more than 1% on Friday, as the dollar plummeted after U.S. inflation data came in cooler than expected, raising hopes that the Federal Reserve would consider pivoting from its hawkish monetary policy stance. The rupee was stronger at 80.80 per dollar, compared to its previous close of 81.8075. The last time the currency traded in the 80-per-dollar-handle was seven weeks ago. If the rupee keeps up this rally, it will notch its biggest intraday percentage gain sinc...
Rupee eyes biggest gain since late 2018 on rising bets of Fed pivot
Rupee eyes biggest gain since late 2018 on rising bets of Fed pivot
Source: Reuters
11/11/2022 9:58:53 AM
Stocks in Asia soar as cooling inflation feeds hopes Fed will ease up Asian shares scaled a seven-week high on Friday, while the dollar wobbled after cooler-than-expected U.S. inflation data sparked hopes that the Federal Reserve could tone down its aggressive interest rate hikes. MSCI's broadest index of Asia-Pacific shares outside Japan soared 5.33%, set for its biggest one-day percentage jump since March 2020. The index is down 23% for the year but is heading for a weekly gain of more than 7%, the biggest in more than two years. European markets ar...
Stocks in Asia soar as cooling inflation feeds hopes Fed will ease up
Stocks in Asia soar as cooling inflation feeds hopes Fed will ease up
Source: Reuters
11/11/2022 8:36:05 AM
Stocks and oil rally on reports of China COVID respite  Global stocks rose on Friday for the first time in three days ahead of key U.S. jobs data, as investors took heart from reports China may relax its COVID rules, boosting major currencies against the dollar and prompting a 2% rally in oil. The MSCI index of global shares rose 0.3% on the day, breaking two straight days of losses, but still headed for a near-3% weekly loss, after more big rate hikes from the Federal Reserve and the Bank of England. China is working on a plan to end ...
Stocks and oil rally on reports of China COVID respite
Stocks and oil rally on reports of China COVID respite
Source: Reuters
4/11/2022 8:45:19 AM