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Asian shares slip as China optimism fades; RBA in focus Asian equities fell on Tuesday as the spotlight remained on China and its efforts to stabilise its stuttering post-pandemic economy, while traders awaited the outcome of a policy meeting of the Reserve Bank of Australia. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.75% lower at 511.14, moving away from 515.37, the highest level since Aug. 11 it touched on Monday. China shares clocked their best day in over a month on Monday on the back of fresh measures to help b...
Asian shares slip as China optimism fades; RBA in focus
Asian shares slip as China optimism fades; RBA in focus
Source: Reuters
5/09/2023 8:46:22 AM
Gold flat after Jerome Powell hawkish speech; focus on economic data Gold prices were flat on Monday as Federal Reserve Chair Jerome Powell's hawkish commentary doused expectations that the U.S. rate-hiking cycle was nearing an end, with investors awaiting economic data this week for confirmation on rate trajectory. FUNDAMENTALS * Spot gold was little changed at $1,915.79 per ounce by 0105 GMT, U.S. gold futures gained 0.2% to $1,943.60 as investors awaited key economic data including the U.S. non-farm payroll report on Friday. * Any thoughts that...
Gold flat after Jerome Powell hawkish speech; focus on economic data
Gold flat after Jerome Powell hawkish speech; focus on economic data
Source: Reuters
28/08/2023 9:01:46 AM
Asia shares rally as China measures boost market Asian shares rallied on Monday as China announced new measures to support its ailing markets, though the mood was cautious ahead of readings on U.S. jobs and inflation that could decide whether interest rates have to rise again. Beijing on Sunday announced it would halve the stamp duty on stock trading in the latest attempt to boost the struggling market and followed steps to support the housing market The help was needed given profits at China's industrial firms fell 6.7% in July f...
Asia shares rally as China measures boost market
Asia shares rally as China measures boost market
Source: Reuters
28/08/2023 8:45:06 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
Gold gains on weaker dollar, traders focus on Federal Reserve decision Gold prices rose on Tuesday on a weaker dollar, while traders awaited a widely anticipated rate hike along with monetary policy clues from the U.S. Federal Reserve over the next two days. Spot gold rose 0.4% to $1,961.74 per ounce by 0358 GMT, while U.S. gold futures climbed 0.1% to $1,963.40. The dollar index edged lower from its near-two-week peak, supporting gold as a weaker dollar makes bullion cheaper for buyers holding other currencies. [USD/] "After a four-day decline, I ...
Gold gains on weaker dollar, traders focus on Federal Reserve decision
Gold gains on weaker dollar, traders focus on Federal Reserve decision
Source: Reuters
25/07/2023 9:48:13 AM
Oil prices rise on tighter supply, China hopes Oil prices edged higher for the third straight session on Tuesday, as signs of tighter supplies and pledges by Chinese authorities to shore up the world's second-biggest economy lifted sentiment. Brent futures gained 22 cents, or 0.3%, to $82.96 a barrel by 0253 GMT, while U.S. West Texas Intermediate (WTI) crude rose 23 cents, also 0.3%, to $78.97. Both benchmarks rose over 2% the previous day, when hit their highest closes since April. The crude benchmarks have already climbed for...
Oil prices rise on tighter supply, China hopes
Oil prices rise on tighter supply, China hopes
Source: Reuters
25/07/2023 8:50:22 AM
Gold prices range-bound as traders focus on central bank decisions Gold prices were little changed on Monday as investors awaited a U.S. Federal Reserve meeting this week where the central bank could signal a pause in interest rate hikes from July. Spot gold was little changed at $1,960.30 per ounce by 0340 GMT. Bullion gained nearly 0.3% last week. U.S. gold futures fell 0.2% to $1,962.00. With a Fed rate hike in the July meeting nearly certain, "a positive outlook for gold revolves around central bank buying to drive long-term gold prices,&qu...
Gold prices range-bound as traders focus on central bank decisions
Gold prices range-bound as traders focus on central bank decisions
Source: Reuters
24/07/2023 9:22:18 AM
Asia shares brace for trio of rate meetings, China steps Asian shares on Monday braced for an action-packed week of earnings and central bank meetings that will likely see higher interest rates in Europe and the United States, and just possibly the end of the monetary tightening cycle in both. Markets are fully priced for quarter-point hikes from the U.S. Federal Reserve and European Central Bank, so the focus will be on what Fed Chair Jerome Powell and ECB President Christine Lagarde say about the future. "For both, we expect this to ma...
Asia shares brace for trio of rate meetings, China steps
Asia shares brace for trio of rate meetings, China steps
Source: Reuters
24/07/2023 8:43:45 AM
Dollar near 7-1/2-month high versus yen as central bankers reaffirm policy divergence The U.S. dollar hovered near a 7-1/2-month high against the Japanese yen after the heads of the respective central banks reaffirmed the stark divergence in their policy paths at a European Central Bank conference overnight. Federal Reserve Chair Jerome Powell - speaking on a panel with ECB President Christine Lagarde, Bank of Japan Governor Kazuo Ueda and Bank of England Governor Andrew Bailey - noted that two rate rises are likely this year, and did not rule out the possibility of a hike ...
Dollar near 7-1/2-month high versus yen as central bankers reaffirm policy divergence
Dollar near 7-1/2-month high versus yen as central bankers reaffirm policy divergence
Source: Reuters
29/06/2023 9:13:08 AM
Asian shares subdued, yen and yuan hover near 8-mth troughs Asian shares were sudued on Thursday after global central banks reaffirmed their inflation-fighting resolve, warning rates may need to rise further, while the yen and the Chinese yuan struggled to lift from lows amid fears of official intervention. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, while markets in Singapore, India and Malaysia are closed for holidays. Chinese blue chips slid 0.3% and Hong Kong's Hang Seng index fell 0.7%. Japan's Nikkei, h...
Asian shares subdued, yen and yuan hover near 8-mth troughs
Asian shares subdued, yen and yuan hover near 8-mth troughs
Source: Reuters
29/06/2023 8:51:40 AM
Oil prices tick down with OPEC meeting in rear view Oil prices edged lower on Tuesday, giving up most of the prior session's gains that followed an announcement by the world's top exporter, Saudi Arabia, that it would further cut output. Brent crude futures were down 23 cents, or 0.3%, at $76.48 a barrel at 0020 GMT. The U.S. West Texas Intermediate crude eased 25 cents, or 0.4%, to $71.90 a barrel. Brent had gained as much as $2.6 on Monday and U.S. crude had risen as much as $3.3 in the hours after Saudi Arabia said its output ...
Oil prices tick down with OPEC meeting in rear view
Oil prices tick down with OPEC meeting in rear view
Source: Reuters
6/06/2023 8:50:12 AM
Dollar climbs to one-week high vs yen amid spike in Treasury yields  The dollar climbed to a more than one-week high versus the yen on Wednesday, buoyed by higher Treasury yields amid hopes for a strong rebound in Chinese growth as COVID-19 curbs loosen. The yen also came under pressure amid more signals from the Bank of Japan that a surprise policy tweak last week was not the start of a scrapping of stimulus. The dollar rallied 0.5% to 134.17 yen in Asian trading, and earlier touched 134.40 for the first time since Dec. 20, when the BOJ sent the p...
Dollar climbs to one-week high vs yen amid spike in Treasury yields
Dollar climbs to one-week high vs yen amid spike in Treasury yields
Source: Reuters
28/12/2022 9:07:43 AM
Central banks in Europe join US Fed in slowing down pace of interest rate hikes Central banks in Europe joined the US Federal Reserve in slowing down the pace of interest rate hikes as decades-high inflation shows signs of easing, media reports said. The Bank of England and the European Central Bank both hiked rates by half a percentage point on Thursday in their final meetings of the year. Previously, they had gone with increases of three-quarters of a percentage point. But they insisted that the fight to tame inflation isn't over, despite the risk that furthe...
Central banks in Europe join US Fed in slowing down pace of interest rate hikes
Central banks in Europe join US Fed in slowing down pace of interest rate hikes
Source: IANS
16/12/2022 10:11:21 AM
Dollar holds on to gains after rallying on rate hikes The dollar was little changed on Friday after jumping in the previous session, as traders analysed a raft of central bank rate hikes and grappled with the prospect that borrowing costs still have a way to climb. The euro was flat against the dollar in early European trading at $1.063. That followed a 0.5% fall on Thursday after the European Central Bank (ECB) raised interest rates and signalledit was far from finished, raising fears about the potential damage to the global economy and send...
Dollar holds on to gains after rallying on rate hikes
Dollar holds on to gains after rallying on rate hikes
Source: Reuters
16/12/2022 9:01:50 AM
Rupee marginally lower, PSU banks help limit losses - traders The Indian rupee was a tad lower to the U.S. currency on Friday, with dollar sales by public sector banks saving the local currency from bigger declines. The rupee was quoting at 82.8375 per dollar by 10:20 a.m. IST, compared with 82.76 in the previous session. While public sector banks are on the offer (on USD/INR), it is unclear whether it's for their books or for the RBI, a spot trader at a private lender said. However, the price action suggests that the RBI is not there, the tra...
Rupee marginally lower, PSU banks help limit losses - traders
Rupee marginally lower, PSU banks help limit losses - traders
Source: Reuters
16/12/2022 8:58:18 AM
Stocks and bonds tumble as hawkish central banks dash pivot hopes World stocks were stuck near one-month lows and government bond markets came under fresh selling pressure on Friday, a day after a slew of central banks jacked up interest rates and signalled that the fight to tame inflation was not over yet. Interest rates went up in the euro area, Britain, Switzerland, Denmark, Norway, Mexico and Taiwan on Thursday, following a U.S. rate hike a day before, and central bankers vowed to keep raising rates to bring down prices. This week's hawkish me...
Stocks and bonds tumble as hawkish central banks dash pivot hopes
Stocks and bonds tumble as hawkish central banks dash pivot hopes
Source: Reuters
16/12/2022 8:53:22 AM
Dollar heads for weekly gain as Fed pushes back on pivot  The dollar eased on Friday, but was still headed for its largest weekly gain in a month, after Federal Reserve officials reiterated their commitment to raising U.S. interest rates more than markets currently anticipate. It fell against the pound, which edged higher after a volatile session on Thursday following Britain's budget for tax rises and spending cuts. St Louis Fed President James Bullard was the latest Fed official to push back on market hopes for a pause in interest ...
Dollar heads for weekly gain as Fed pushes back on pivot
Dollar heads for weekly gain as Fed pushes back on pivot
Source: Reuters
18/11/2022 9:35:44 AM
ECB further raises interest rates to cool inflation  The European Central Bank (ECB) has raised key interest rates by 75 basis points, the third consecutive increase this year. In the magnitude and pace of monetary tightening, the bank has manifested its determination to tame the persistently high inflation, which is weighing down the economic growth of the euro area, reports Xinhua news agency. After Thursday's latest hike, the interest rates of the main refinancing operations, the marginal lending facility and the deposit faci...
ECB further raises interest rates to cool inflation
ECB further raises interest rates to cool inflation
Source: IANS
28/10/2022 11:47:35 AM
Euro slips below parity, yen steady ahead of BOJ The euro held below parity on Friday as investors eyed a potential slowdown in future rate hikes by the European Central Bank, while the yen was on track for its best week in over two months ahead of a key central bank policy decision. The euro was last 0.05% lower at $0.9960, following a more than 1% slide overnight, after the ECB raised rates by 75 basis points, as expected, but took a more dovish tone on its rate outlook. The central bank dropped a reference to increasing rates "...
Euro slips below parity, yen steady ahead of BOJ
Euro slips below parity, yen steady ahead of BOJ
Source: Reuters
28/10/2022 9:22:48 AM
U.S. dollar advances before Fed decision; Swedish hike fails to boost crown  The dollar ascended close to a two-decade high on Tuesday, as investors geared up for another aggressive interest rate hike from the Federal Reserve, the main focus in a week packed with central bank meetings. The Fed started a two-day meeting on Tuesday, with rate futures traders pricing in an 83% chance of a 75 basis-point hike and a 17% probability of a 100 bps of tightening. The dollar index was on track for its fifth weekly gain in six and was last up 0.5% at 110.10 <=USD&...
U.S. dollar advances before Fed decision; Swedish hike fails to boost crown
U.S. dollar advances before Fed decision; Swedish hike fails to boost crown
Source: Reuters
21/09/2022 9:03:49 AM
Euro dips as markets manage expectations of ECB rate hikes WASHINGTON - The dollar climbed on Tuesday while the euro faltered after European Central Bank (ECB) President Christine Lagarde offered no fresh insight into the central bank's policy outlook. The ECB is widely expected to follow its global peers by raising interest rates in July to try to check soaring inflation though economists are divided on the magnitude of any rate hike. The euro held below $1.06 after Lagarde said the central bank would move gradually but with the optio...
Euro dips as markets manage expectations of ECB rate hikes
Euro dips as markets manage expectations of ECB rate hikes
Source: Reuters
29/06/2022 8:02:44 AM
Rupee weakens against US dollar on Tuesday Indian rupee weakened against the US dollar on Tuesday tracking weak equities and persistent foreign funds outflows in the capital market. Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,278.42 crore on Monday, exchange data showed. Further, soaring energy prices also put pressure on emerging market currencies. In the previous session, the rupee had declined by 4 paise to hit a record closing low of 78.37 against US dollar amid...
Rupee weakens against US dollar on Tuesday
Rupee weakens against US dollar on Tuesday
Source: Accord Fintech
28/06/2022 12:25:38 PM
Euro gains traction ahead of inflation data, dollar steadies SINGAPORE - The euro won support on Tuesday as traders braced for European inflation figures to run hot this week and awaited a speech from central bank chief Christine Lagarde, while worries about a recession kept the U.S. dollar firm. The euro rose 0.3% overnight and at one point poked above its 50-day moving average. It last sat at $1.0578. The dollar held modest overnight gains on other currencies and traded at 135.37 yen and $0.6936 per Australian dollar early in the Asia session. ...
Euro gains traction ahead of inflation data, dollar steadies
Euro gains traction ahead of inflation data, dollar steadies
Source: Reuters
28/06/2022 8:13:05 AM