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Asia shares extend rally as China mood turns less bleak Asian shares pushed higher on Monday as markets wagered the Federal Reserve was done raising U.S. interest rates, and on hopes the drip feed of policy stimulus from Beijing would be enough to stabilise the Chinese economy. A holiday in the United States made for thin trading ahead of key readings on U.S. services and Chinese trade and inflation later in the week. More policy action is also expected from Beijing, including relaxing restrictions on home buying. There was relief that em...
Asia shares extend rally as China mood turns less bleak
Asia shares extend rally as China mood turns less bleak
Source: Reuters
4/09/2023 8:53:51 AM
Asia stocks edge higher as China acts on housing, yuan weakness Asian shares edged higher on Friday as China stepped up efforts to support its housing sector and stabilise the yuan, though investors remained cautious ahead of U.S. jobs data that could make or break the case for further rate hikes. U.S. consumer spending increased by the most in six months in July, but slowing monthly inflation rates cemented expectations that the Federal Reserve would keep interest rates unchanged next month. U.S August payrolls data tonight could offer more clues. ...
Asia stocks edge higher as China acts on housing, yuan weakness
Asia stocks edge higher as China acts on housing, yuan weakness
Source: Reuters
1/09/2023 8:44:25 AM
Asian shares set for worst month since Feb on China gloom Asian shares were set for the worst month since February, with sentiment hurt by still-gloomy China factory activity, while investors were also cautious ahead of a barrage of U.S. data that could add to bets that interest rates have peaked. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1% but was still headed for a monthly loss of 5.9%, the largest since February. Japan's Nikkei gained 0.5%, bringing its monthly loss to 2%. Data on Thursday showed China'...
Asian shares set for worst month since Feb on China gloom
Asian shares set for worst month since Feb on China gloom
Source: Reuters
31/08/2023 8:50:44 AM
Asian shares hit two-week high on Fed pause bets, China boost Asian equities rose on Wednesday and the dollar wobbled as weak U.S. labour data bolstered bets that the Federal Reserve was likely done with its interest rate hikes, while beaten-down China stocks rose for a third straight day. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.86% to a two-week top and is on a three-day winning streak. The index though is down 6% in August and set for its worst monthly performance since February. Japan's Nikkei was up 0.5%, whil...
Asian shares hit two-week high on Fed pause bets, China boost
Asian shares hit two-week high on Fed pause bets, China boost
Source: Reuters
30/08/2023 8:54:55 AM
Asia stutters as China doles out meagre rate cut Asian markets stumbled on Monday after China delivered a smaller cut to lending rates than markets had counted on, continuing Beijing's run of disappointing stimulus steps. China's central bank trimmed its one-year lending rate by 10 basis points and left its five-year rate unmoved, a surprise to analysts who had expected cuts of 15 basis points to both. Disappointment at the meagre move saw Chinese blue chips ease 0.3%, while the Australian dollar took a dip as a liquid proxy f...
Asia stutters as China doles out meagre rate cut
Asia stutters as China doles out meagre rate cut
Source: Reuters
21/08/2023 8:51:37 AM
Asian shares head for third week of losses on China woes, US rates Asian markets were trying to find a firmer footing on Friday after a rough week, hammered by concerns about China's ailing economy and fears of U.S. rates staying higher for longer as long-term bond yields surged. MSCI's broadest index of Asia-Pacific shares outside Japan were up 0.1% after hitting a nine-month low the session before. It was, however, headed for a weekly loss of 2.8%, the third straight week of declines. Japan's Nikkei lost 0.4% and was down 3% on the week. ...
Asian shares head for third week of losses on China woes, US rates
Asian shares head for third week of losses on China woes, US rates
Source: Reuters
18/08/2023 8:46:19 AM
Asian stocks hit 9-month lows on worries over China economy, US rates Asian shares slid to nine-month lows on Thursday, while the dollar was at two-month peak as fears over China's sluggish economic recovery and concerns that the Federal Reserve may still raise interest rates rattled investors. MSCI's broadest index of Asia-Pacific shares outside Japan slid to 495.03, its lowest since Nov. 29. It was last down 1.14% at 497.11, with the index down 8% for August and set for its worst monthly performance since September. Losses were broad-based acros...
Asian stocks hit 9-month lows on worries over China economy, US rates
Asian stocks hit 9-month lows on worries over China economy, US rates
Source: Reuters
17/08/2023 8:49:38 AM
Asia stocks fall as weak China data weigh Asia stocks hit a 11-week low on Wednesday as renewed concerns about U.S. interest rates slugged Wall Street, while investors still smarted from dismal Chinese economic data and the absence of meaningful stimulus. MSCI's gauge of Asia Pacific stocks outside Japan was down 1.1% at 0138GMT, touching its lowest point since June 1. Japan's Nikkei 225 index slipped 1.3% to its lowest since July 12. Australia's S&P/ASX 200 index fell nearly 1.5%. China reported weaker than ...
Asia stocks fall as weak China data weigh
Asia stocks fall as weak China data weigh
Source: Reuters
16/08/2023 8:45:10 AM
Asia stocks stall at one-month lows as slowing China cuts rates Asian stock markets wallowed at one-month lows on Tuesday and the yuan struggled as China cut interest rates as another round of disappointing data underscored its economic malaise. Cuts to China's one-year loans to financial institutions, at 15 basis points, were the largest since the outset of the COVID pandemic. Industrial output and retail sales growth both slowed from a month earlier to a year-on-year pace of 3.7% and 2.5% respectively, missing expectations. The yuan dropped to...
Asia stocks stall at one-month lows as slowing China cuts rates
Asia stocks stall at one-month lows as slowing China cuts rates
Source: Reuters
15/08/2023 9:07:00 AM
Asia suffers China blues; dollar hits 2023 top on yen Asian shares struggled on Monday ahead of China data that is likely to amplify the case for serious stimulus even as Beijing seems deaf to the calls, while rising Treasury yields lifted the dollar to a 2023 peak on the embattled yen. Geopolitics was an added worry after a Russian warship on Sunday fired warning shots at a cargo ship in the southwestern Black Sea, heralding a new stage of the war that could impact on oil and food prices. MSCI's broadest index of Asia-Pacific shares o...
Asia suffers China blues; dollar hits 2023 top on yen
Asia suffers China blues; dollar hits 2023 top on yen
Source: Reuters
14/08/2023 8:46:03 AM
Asia stocks slip as US CPI fails to enthuse; dollar up Asian stocks edged towards a weekly loss on Friday and the U.S. dollar was headed for a month of gains after U.S. inflation came in steady, without the hoped-for surprise on the downside. Soft demand at a 30-year Treasury auction and a blowout in the U.S. budget deficit last month also weighed on bonds, and their higher yields in turn pushed the dollar up - particularly against a yen pinned by yield control in Japan. The yen touched a six-week low of 144.89 per dollar in early trade on ...
Asia stocks slip as US CPI fails to enthuse; dollar up
Asia stocks slip as US CPI fails to enthuse; dollar up
Source: Reuters
11/08/2023 8:44:59 AM
Asian shares slip on China worries; U.S. inflation figures awaited Asian stocks lost ground on Thursday, still hurting from China's slip into deflation, with investors particularly cautious ahead of a crucial U.S. inflation report that will likely influence the Federal Reserve's monetary policy path. The announcement of a U.S. ban on investments in sensitive technologies in the world's second-largest economy also weighed on sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.33% and it looked set to log a second...
Asian shares slip on China worries; U.S. inflation figures awaited
Asian shares slip on China worries; U.S. inflation figures awaited
Source: Reuters
10/08/2023 8:43:49 AM
Asian shares hesitant on China inflation data, US bank jitters Asian shares were on the defensive on Wednesday after China inflation data confirmed the recovery in the world's second-biggest economy is losing steam, while resurfacing concerns about U.S. bank stability also capped sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1% after a 1.2% tumble a day earlier. Japan's Nikkei slipped 0.1%. The much-watched data on Wednesday showed China's consumer prices fell 0.3% in July from a year ago, slightly b...
Asian shares hesitant on China inflation data, US bank jitters
Asian shares hesitant on China inflation data, US bank jitters
Source: Reuters
9/08/2023 8:37:42 AM
Asia shares on guard for US, China inflation risks Asian share markets were in a cautious mood on Monday after a mixed U.S. jobs report sparked a rally in beaten-down bonds, but new hurdles lay ahead in the shape of U.S. and Chinese inflation figures due later this week. MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was a fraction firmer in thin trade, after losing 2.3% last week. Japan's Nikkei slipped 0.2%, but found support at its July low. A summary of the last Bank of Japan meeting showed ...
Asia shares on guard for US, China inflation risks
Asia shares on guard for US, China inflation risks
Source: Reuters
7/08/2023 8:49:51 AM
Asian shares rise as investor focus turns to US payrolls Asian shares rose on Friday, while the dollar pulled back from a one-month peak as investors took stock of the slew of U.S. economic data that showed a resilient labour market ahead of a crucial non-farm payrolls report due later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.46% higher after dropping 2.3% on Thursday. Japan's Nikkei was choppy and last up 0.1%. "Asian equities face challenging trading conditions on Friday," said market an...
Asian shares rise as investor focus turns to US payrolls
Asian shares rise as investor focus turns to US payrolls
Source: Reuters
4/08/2023 8:39:28 AM
US stocks traded lower after rating downgrade US stocks traded lower on Wednesday after markets were rattled by a lowering of the US government's credit rating by Fitch Ratings and as bond yields yields rose when the Treasury boosted the size of its debt sales, though data from ADP showed that the labour market is still quite strong, MarketWatch reported. US stocks fell on Wednesday with a broad risk off tone across markets after rating agency Fitch late Tuesday lowered the US credit rating citing "expected fiscal deteriorati...
US stocks traded lower after rating downgrade
US stocks traded lower after rating downgrade
Source: IANS
3/08/2023 9:08:13 AM
Asian shares hesitant after Wall Street sell-off, dollar buoyant Asian shares were subdued on Thursday after Fitch downgraded U.S. sovereign debt sparking profit-taking, with investors now shifting focus to Bank of England's rate decision and earnings from Apple and Amazon. Both S&P 500 futures and Nasdaq futures added 0.2%, following a heavy wave of selling on Wall Street overnight. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2%, having also suffered a colossal drop of 2.3% just a day earlier. That compa...
Asian shares hesitant after Wall Street sell-off, dollar buoyant
Asian shares hesitant after Wall Street sell-off, dollar buoyant
Source: Reuters
3/08/2023 8:49:51 AM
Stocks fall, Treasuries gain after Fitch downgrades US rating Asian stocks traded lower while U.S. Treasury yields declined on Wednesday, after ratings agency Fitch unexpectedly downgraded the United States' top-tier sovereign credit rating. MSCI's broadest index of Asia-Pacific shares fell 0.5%. Japan's Nikkei slid by 1.2%, while Australian shares edged down 0.5%. China's mainland benchmark and Hong Kong's fell by 0.3% and 0.5%, respectively. Asian stocks were also weighed by declines on Wall Street overnight. U.S. stock fu...
Stocks fall, Treasuries gain after Fitch downgrades US rating
Stocks fall, Treasuries gain after Fitch downgrades US rating
Source: Reuters
2/08/2023 8:55:09 AM
Russian stock market hits 17-month high as oil prices surge Russia’s ruble-based MOEX index exceeded 3,000 points, marking its highest level since February 22, 2023, the day before Moscow launched its military operation in Ukraine, local media reported. The index was 0.7 per cent higher at 3008.61 points on Friday. Since the beginning of 2023, the MOEX has increased by about 40 per cent. The stock market has demonstrated consistent growth since a collapse following the announcement of partial mobilisation in September, 2022. Analysts told ...
Russian stock market hits 17-month high as oil prices surge
Russian stock market hits 17-month high as oil prices surge
Source: IANS
30/07/2023 11:43:37 AM
Asian shares climb after Fed hikes as expected; eyes on Europe, Japan  Asian shares advanced and the dollar fell on Thursday after a well-flagged U.S. rate rise delivered no major surprises, although policymakers in Europe and Japan could pose risks for markets with their own interest rate decisions. S&P 500 futures rose 0.2% while Nasdaq futures gained 0.5%, helped by a 6.8% jump in Meta Platforms in after-hours trading. Facebook's parent company reported a strong rise in advertising revenue, topping Wall Street targets. In Asia, MSCI's ...
Asian shares climb after Fed hikes as expected; eyes on Europe, Japan
Asian shares climb after Fed hikes as expected; eyes on Europe, Japan
Source: Reuters
27/07/2023 8:48:14 AM
Asia shares rally after China pledges economic support steps Asian shares jumped on Tuesday as China's pledge to step up policy support for its stuttering economy soothed sentiment and lifted beaten down Hong Kong and Chinese stocks, while the dollar eased ahead of the Federal Reserve meeting this week. MSCI's broadest index of Asia-Pacific shares outside Japan was 1.2% higher and on course to snap a six-day losing streak. Japan's Nikkei fell 0.22%. The Shanghai Composite Index was 1.55% higher, while Hong Kong's benchmark Hang Se...
Asia shares rally after China pledges economic support steps
Asia shares rally after China pledges economic support steps
Source: Reuters
25/07/2023 8:42:16 AM
Asian shares fall after US tech falters, dollar and yields hold gains Asian shares fell on Friday after Tesla and Netflix weighed on U.S. tech shares after their earnings reports, while the dollar and Treasury yields held their gains ahead of an action-packed week that could see the end of the U.S. tightening cycle. As well as the U.S. Federal Reserve meeting next week, the Bank of Japan will meet amid speculation of imminent policy tweaks. Early on Friday, Japan's inflation stayed above the central bank's target of 2% for the 15th straight month in ...
Asian shares fall after US tech falters, dollar and yields hold gains
Asian shares fall after US tech falters, dollar and yields hold gains
Source: Reuters
21/07/2023 8:36:25 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 shares slip as China data underwhelms Asian shares slipped on Monday as a mixed bag of Chinese economic data were not as bad as some feared, but still fanned market impatience with the lack of major fiscal stimulus from Beijing. China reported economic growth of 0.8% in the second quarter, above the 0.5% forecasted, while the annual pace slowed more than expected to 6.3%. Industrial output topped forecasts with a rise of 4.4%, while retail sales missed by a tick at 3.1%. That followed figures out over the weekend showed Chi...
Asia shares slip as China data underwhelms
Asia shares slip as China data underwhelms
Source: Reuters
17/07/2023 8:58:47 AM
Asian shares rise, dollar dips as traders await US inflation data Asian shares nudged higher and the dollar was at a two-month low on Wednesday ahead of crucial U.S. inflation data that will help gauge whether the Federal Reserve is at the end of its aggressive rate hike policy. The Japanese yen strengthened against most major currencies and last fetched 139.43 against the dollar, its highest in a month. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.61% higher, while Australia's S&P/ASX 200 index rose 0.54%. Japan's ...
Asian shares rise, dollar dips as traders await US inflation data
Asian shares rise, dollar dips as traders await US inflation data
Source: Reuters
12/07/2023 8:52:34 AM
Asian shares jump as investors eye end to Fed hikes, China stimulus Asian shares bounced and the safe-haven dollar edged lower on Tuesday as investors hoped this week's U.S. inflation data supports an imminent end to rate hikes and cheered the prospect China will deliver economic stimulus to prop up stalling growth. Markets are awaiting U.S. inflation data due Wednesday to see if price pressures are continuing to moderate, which could provide clues on the interest rate outlook. Early in the Asian trading day, MSCI's broadest index of Asia-Pacifi...
Asian shares jump as investors eye end to Fed hikes, China stimulus
Asian shares jump as investors eye end to Fed hikes, China stimulus
Source: Reuters
11/07/2023 8:48:32 AM
Asia shares edge higher, China disinflation a drag Asian share markets edged cautiously higher on Monday as investors looked ahead to a key reading on U.S. inflation and the start of another corporate earnings season. Chinese consumer price figures surprised on the soft side with inflation falling in June and essentially unchanged from a year before. The miss implies there is plenty of scope to ease monetary policy further, but also underlines the challenge Beijing faces in reflating its economy and avoiding a deflationary spiral. Th...
Asia shares edge higher, China disinflation a drag
Asia shares edge higher, China disinflation a drag
Source: Reuters
10/07/2023 8:51:16 AM
Buckling bond market casts pall over stocks Asian stocks slid on Friday to cap a torrid first week of the quarter for financial markets, with the dollar advancing and bonds crumbling as the resilience of U.S. jobs data has investors bracing for interest rates to head higher still. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8% to a one-month low. Japan's Nikkei fell 0.6%. [.T] Overnight, surprisingly strong partial figures on the U.S. labour market sent a selloff in bond markets into overdrive and pu...
Buckling bond market casts pall over stocks
Buckling bond market casts pall over stocks
Source: Reuters
7/07/2023 8:58:34 AM
Stocks slide, US yields climb amid hawkish Fed, China tensions Asia-Pacific stock markets fell on Thursday, extending a decline in global equities, after the U.S. Federal Reserve confirmed its hawkish stance, while an escalating trade battle between China and the United States also dampened sentiment. U.S. 10-year Treasury yields climbed to a fresh four-month high in Tokyo trading, and the dollar extended its rise against major peers. Japan's Nikkei share average slumped more than 1%, continuing its retreat from 33-year highs. Hong Kong'...
Stocks slide, US yields climb amid hawkish Fed, China tensions
Stocks slide, US yields climb amid hawkish Fed, China tensions
Source: Reuters
6/07/2023 8:58:10 AM
Asian shares fall on growth concerns, focus shifts to Fed minutes Asian shares fell on Wednesday after a slowdown in China's services activity dented sentiment and as markets turned their focus to the release of Federal Reserve minutes and a key U.S. jobs report later in the week. Market conditions were subdued following the Independence Day public holiday on Wall Street on Tuesday. S&P 500 futures dipped 0.1% and Nasdaq futures fell 0.2%. MSCI's broadest index of Asia-Pacific shares outside Japan skidded 0.7%. Japan's Nikkei also fell...
Asian shares fall on growth concerns, focus shifts to Fed minutes
Asian shares fall on growth concerns, focus shifts to Fed minutes
Source: Reuters
5/07/2023 8:54:59 AM
Stocks dip, dollar steadies as investors seek rates clarity Most Asian stocks fell on Tuesday, while the U.S. dollar and oil steadied, as investors held safe ranges awaiting more clues on whether central banks will continue their aggressive interest rate hikes. Market conditions were also subdued heading into the U.S. Independence Day public holiday on Tuesday, with most of Wall Street closed. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1%, by Tuesday mid-morning. Australian shares were mostly flat, as investors ...
Stocks dip, dollar steadies as investors seek rates clarity
Stocks dip, dollar steadies as investors seek rates clarity
Source: Reuters
4/07/2023 8:56:50 AM
Nikkei leads Asia higher, China struggles to keep up Asian shares edged higher on Monday as demand for tech stocks buoyed Japan's market, while a data-packed week promises to be pivotal in the outlook for the Chinese economy and U.S. interest rates. China's recovery has so far disappointed high expectations and the Caixin manufacturing survey due later on Monday is forecast to dip to 50.2 in June, from 50.9, and may even slip into contraction. The central bank has promised more "forceful" action to support the economy an...
Nikkei leads Asia higher, China struggles to keep up
Nikkei leads Asia higher, China struggles to keep up
Source: Reuters
3/07/2023 8:38:27 AM
Asia shares edge lower on rate hike worries, yen frail Asian stocks eased on Friday after a set of strong U.S. economic data bolstered the view that the Federal Reserve will likely keep interest rates higher for longer, while the yen breached a psychologically important barrier amid intervention worries. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.21% but was on course to eke out a gain of over 1% in the first half of the year. Australia's S&P/ASX 200 index lost 0.39%, while Japan's Nikkei fell nearly ...
Asia shares edge lower on rate hike worries, yen frail
Asia shares edge lower on rate hike worries, yen frail
Source: Reuters
30/06/2023 9:08:28 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
Asia shares hesitant, yen slide stokes intervention risk Asian shares hesitated on Wednesday as surprisingly upbeat U.S. economic news warred with global growth concerns, while the embattled yen hit a 15-year low on the euro and Japan hinted at intervention to prevent further losses. The strength of U.S. data also combined with hawkish commentary from the European Central Bank to undermine bonds as markets narrowed the odds on further rate hikes. That only heightened attention on a star-studded panel of central bankers later in the day in Por...
Asia shares hesitant, yen slide stokes intervention risk
Asia shares hesitant, yen slide stokes intervention risk
Source: Reuters
28/06/2023 8:50:31 AM
Global markets slide on recession fears Stock markets in Europe and Asia fell Friday as investors became increasingly worried that more interest rate hikes by central banks would tip major economies into a prolonged recession, a media report said. Hong Kong's Hang Seng Index led the losses, closing 1.7 per cent down. Japan's Nikkei 225 ended the day 1.5 per cent lower and Australia's S&P/ASX 200 shed 1.3 per cent, CNN reported. Stock exchanges in mainland China were closed for a public holiday. US stock fut...
Global markets slide on recession fears
Global markets slide on recession fears
Source: IANS
24/06/2023 9:46:39 AM
Asia stocks slide as growth outlook darkens Asian stocks headed for their worst week in three months on Friday as a string of hotter-than-expected inflation prints and hawkish central bank surprises made investors nervous about the economic toll of taming runaway prices. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7% and is down 3.6% for the week, its worst since March. Trade was lightened by a holiday in China. Hong Kong shares returned from a break with a 1.4% drop. Japan's Nikkei fell 1% as core i...
Asia stocks slide as growth outlook darkens
Asia stocks slide as growth outlook darkens
Source: Reuters
23/06/2023 9:07:21 AM
Asia stocks subdued after Powell testimony fails to surprise Asian shares made a tentative start to Thursday after Federal Reserve chair Jerome Powell stuck to his recent hawkish tone as investors assess the future rate policy path from the Fed. MSCI's broadest index of Asia-Pacific shares outside Japan was marginally lower at 522.93. The index is down over 2% for the week and set to snap its three week winning run. Australia's S&P/ASX 200 index lost 1.17%, while Japan's Nikkei eased 0.25%. China and Hong Kong stock markets are cl...
Asia stocks subdued after Powell testimony fails to surprise
Asia stocks subdued after Powell testimony fails to surprise
Source: Reuters
22/06/2023 9:03:19 AM
Asia stocks slip as suspense builds for China, Fed news Asian stocks were subdued on Wednesday as a lack of new stimulus steps from Beijing frustrated investors, who were also wondering just how hawkish the world's most powerful central banker would chose to be later in the session. Federal Reserve Chair Jerome Powell faces lawmakers in two days of testimony and is sure to be questioned on whether rateswill really rise again in July and peak in a 5.5%-5.75% range as projected. Markets have their doubts and currently imply around a 78% ch...
Asia stocks slip as suspense builds for China, Fed news
Asia stocks slip as suspense builds for China, Fed news
Source: Reuters
21/06/2023 8:51:19 AM
Asia shares fall on China`s modest rate cut Stocks in Asia fell on Tuesday as investors worried China's latest rate cut was not enough to boost confidence in the weakening economy and awaited a wider stimulus package by Beijing. China, in a highly anticipated move, cut two key benchmark lending rates for the first time in 10 months on Tuesday, with its one-year loan prime rate (LPR) lowered by 10 basis points to 3.55% and the five-year LPR cut by the same margin to 4.20%. MSCI's broadest index of Asia-Pacific shares outsi...
Asia shares fall on China`s modest rate cut
Asia shares fall on China`s modest rate cut
Source: Reuters
20/06/2023 8:44:08 AM
Asia shares track Wall Street rally with inflation data, Fed in focus Asian shares edged up in early trade on Tuesday, following an upbeat session on Wall Street while investors turned their attention to key U.S. inflation data and the Federal Reserve's interest rate decision this week. Investors will be closely monitoring U.S. Consumer Price Index (CPI) data, due to be released on Tuesday, and Producer Price Index (PPI) data, due out Wednesday, for a reading of how well the Fed's tightening cycle has managed to curb inflation. The equity index...
Asia shares track Wall Street rally with inflation data, Fed in focus
Asia shares track Wall Street rally with inflation data, Fed in focus
Source: Reuters
13/06/2023 9:04:12 AM
Asia shares near month high ahead of central bank meetings Asian shares started tentatively on Monday as investors braced for central bank meetings from Europe, Japan and the United States this week, along with U.S. inflation data that will likely influence the Federal Reserve's monetary policy path. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.17% to 519.96, having touched a more than one-month peak of 521.94 earlier in the session. The index is up 4% for the month. Japan's Nikkei rose 0.7%, while E-mini futures ...
Asia shares near month high ahead of central bank meetings
Asia shares near month high ahead of central bank meetings
Source: Reuters
12/06/2023 8:49:21 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
Asian shares slide as traders fret on Fed rates Asian shares slipped on Thursday after a surprise interest rate hike by Bank of Canada revived worries that U.S. rates could stay higher for longer and the Federal Reserve could remain hawkish when it meets next week. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.53%, while Japan's Nikkei edged 0.08% higher. Australia's S&P/ASX 200 index eased 0.09%. The Bank of Canada (BoC) surprised markets on Wednesday by hiking its overnight rate to a 22-year ...
Asian shares slide as traders fret on Fed rates
Asian shares slide as traders fret on Fed rates
Source: Reuters
8/06/2023 9:20:20 AM
Asian shares extend global rally; oil prices jump on Saudi cuts Asian shares extended a global rally on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed U.S. jobs report, while oil jumped as Saudi Arabia pledged big output cuts in July. Brent oil jumped $1.82, or 2.4%, to $77.95 a barrel, while U.S. crude climbed $1.77, or 2.4%, to $73.51. Oil prices have recently come under pressure amid heightened concerns about China's slowing economic recovery. [O/R] Oil rose as Saudi Arabia announced it would cut it...
Asian shares extend global rally; oil prices jump on Saudi cuts
Asian shares extend global rally; oil prices jump on Saudi cuts
Source: Reuters
5/06/2023 8:45:23 AM
Asian shares rise on debt bill progress, Fed pause hopes Asian stocks surged on Friday as the progress on the bill to raise U.S. debt ceiling and increasing hopes that the Federal Reserve might stand still on interest rates in its next meeting helped perk up investor appetite for risky assets. The U.S. Senate is on track to pass a bill to lift the government's $31.4 trillion debt ceiling late on Thursday in Washington, Democratic Majority Leader Chuck Schumer said, after the House of Representatives passed the bill on Wednesday. The Treas...
Asian shares rise on debt bill progress, Fed pause hopes
Asian shares rise on debt bill progress, Fed pause hopes
Source: Reuters
2/06/2023 8:43:34 AM
Asia stocks gain as Fed hike bets recede, debt vote eases nerves Most Asia-Pacific stock markets rose on Thursday amid receding bets for a U.S. rate hike this month and relief over the passage of the U.S. debt ceiling bill through the House. The dollar sagged to a one-week low versus the yen and hung close to Wednesday's more-than-two-month trough to the euro after Federal Reserve officials including Governor and vice chair nominee Philip Jefferson pointed to a rate hike "skip" at the June 13-14 policy meeting. Treasury yields rose slig...
Asia stocks gain as Fed hike bets recede, debt vote eases nerves
Asia stocks gain as Fed hike bets recede, debt vote eases nerves
Source: Reuters
1/06/2023 8:52:35 AM
Asia stocks slump to monthly loss as China data disappoints Asia's stockmarkets slid toward a second month of losses in a row on Wednesday, and even the glittering Nikkei paused, as weak Chinese factory activity fed growing doubts about the post-pandemic recovery in the world's second biggest economy. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1% in early trade and is down 2.4% in a month where hopes for robust Chinese rebound have run dry. Data showed Chinese manufacturing activity contracted faster than expecte...
Asia stocks slump to monthly loss as China data disappoints
Asia stocks slump to monthly loss as China data disappoints
Source: Reuters
31/05/2023 8:35:00 AM