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Asian shares pinned near three-month lows, dollar towers at 2-yr peak Asian shares were pinned near three-month lows on Friday as investors awaited key U.S. inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at two-year peaks. The closely watched inflation gauge - the U.S. Core Personal Consumption Expenditures - is due later in the day. Forecasts are centred on a monthly rise of 0.2% for November, and any upward surprises there could lead markets to further scale back bets for U.S. policy easing next yea...
Asian shares pinned near three-month lows, dollar towers at 2-yr peak
Asian shares pinned near three-month lows, dollar towers at 2-yr peak
Source: Reuters
2024-12-20 08:54:40 am
Asian stocks dive after Fed flags slower rate cuts, BOJ decision awaited Asian stocks slid, bond yields rose and the dollar was perched near a two-year high on Thursday after the U.S. Federal Reserve cautioned it would ease the pace of rate cuts in the coming year and investors braced for a Bank of Japan policy decision. The Fed cut interest rates on Wednesday as expected, but Chair Jerome Powell's explicit references to the need for caution from here on sent U.S. stocks sharply lower, with Treasury yields surging and traders scaling back bets on rate cuts ...
Asian stocks dive after Fed flags slower rate cuts, BOJ decision awaited
Asian stocks dive after Fed flags slower rate cuts, BOJ decision awaited
Source: Reuters
2024-12-19 08:50:32 am
Asian shares drift, dollar firms ahead of central bank meetings Asian stocks edged higher and the dollar held firm on Tuesday as traders braced for a slate of central banks meetings this week that is likely to see the U.S. Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now. Bitcoin, the best-known and the biggest cryptocurrency, remained nestled near the record high of $107,821 it touched on Monday. It was last flat at $106,041. The crypto market has been on a tear since the U.S. election in early November as traders wager th...
Asian shares drift, dollar firms ahead of central bank meetings
Asian shares drift, dollar firms ahead of central bank meetings
Source: Reuters
2024-12-17 08:58:23 am
Asia wary of Fed rate future, China data disappoints Asian stock markets were in a wary mood on Monday as surging bond yields challenged equity valuations, particularly for the richly priced tech sector, in a week packed with central bank meetings and major economic data. Figures from China out on Monday showed retail sales rose just 3.0% in November, compared to a year earlier, well below market forecasts of 4.6% and evidence of the need for much more aggressive stimulus. Industrial production was much as expected, while house prices were s...
Asia wary of Fed rate future, China data disappoints
Asia wary of Fed rate future, China data disappoints
Source: Reuters
2024-12-16 08:57:14 am
Asian shares fall, long-dated Treasuries set for worst week in a year Asia shares fell on Friday as a strong dollar kept risk sentiment fragile, while longer-dated Treasury yields are heading for their biggest weekly rise this year as expectations for deep U.S. rate cuts in 2025 recede. A top level meeting in Beijing pledged to increase debt and boost consumption but failed to boost Chinese equity markets. Policymakers are girding for more trade tensions with the U.S. as Donald Trump's return to power approaches. It has been a week of rate cuts from S...
Asian shares fall, long-dated Treasuries set for worst week in a year
Asian shares fall, long-dated Treasuries set for worst week in a year
Source: Reuters
2024-12-13 08:54:33 am
Asia stocks rally on Fed cut bets; Aussie jumps on jobs data Asian stocks gained on Thursday, tracking Wall Street's tech-led rally overnight after an as-expected reading of U.S. consumer inflation cemented bets for a Federal Reserve interest-rate cut next week. Japan's Nikkei topped 40,000 for the first time since mid-October, led by advances in chip-sector shares. The exporter-heavy index also got a boost from a weakening yen, as traders pared bets for a Bank of Japan rate hike next week. The Australian dollar surged after employment da...
Asia stocks rally on Fed cut bets; Aussie jumps on jobs data
Asia stocks rally on Fed cut bets; Aussie jumps on jobs data
Source: Reuters
2024-12-12 09:05:39 am
Stocks settle in for nervous wait on US CPI Asian stock markets and the dollar took a breather on Wednesday ahead of an anticipated rate cut in Canada and a U.S. inflation reading expected to leave the Fed on course to cut rates again. Investors were a touch cautious because, with an 85% chance of a U.S. rate cut next week priced in and with Wall Street indexes around record highs, there is room for disappointment. The S&P 500 had dipped 0.3% overnight though it was just 65 points, or a little short of 1% shy of its all-time ...
Stocks settle in for nervous wait on US CPI
Stocks settle in for nervous wait on US CPI
Source: Reuters
2024-12-11 08:58:35 am
Asia stocks slugged by South Korea turmoil, China disinflation Asian shares struggled with a slide in South Korea on Monday ahead of a packed week of central bank meetings that should see borrowing costs take a step lower, while U.S. inflation data are the last hurdle to a further policy easing there. Chinese figures out on Monday showed the consumer price index fell a surprisingly large 0.6% in November, pulling annual inflation down to just 0.2% and underlining the need for more drastic policy stimulus. Beijing's Central Economic Work Confere...
Asia stocks slugged by South Korea turmoil, China disinflation
Asia stocks slugged by South Korea turmoil, China disinflation
Source: Reuters
2024-12-09 08:50:50 am
Asian shares cautious on Korea risk, dollar on guard ahead of payrolls Most Asian shares fell on Friday as political ructions in South Korea weighed on sentiment, while dollar bulls waited anxiously to see if U.S. payrolls challenged or cemented expectations of a rate cut this month. Chinese shares, however, climbed to three-week highs as investors scooped up technology shares ahead of a top-level policy meeting next week that will set the agenda and targets for China's economy next year. Europe is looking ahead to a lower open with EUROSTOXX 50 future...
Asian shares cautious on Korea risk, dollar on guard ahead of payrolls
Asian shares cautious on Korea risk, dollar on guard ahead of payrolls
Source: Reuters
2024-12-06 09:07:41 am
Rate cut bets boost stocks as bitcoin breaks $100,000 Bitcoin broke $100,000 on Thursday as investors bet on a friendly regulatory shift in the U.S., while Asian stocks were firm after Wall Street indexes notched record highs on growing confidence in U.S. interest rate cuts. Bitcoin hit the $100,000 mark in the Asia morning and was last at $101,300. "At the end of the day, it's just a number," said Geoff Kendrick, global head of digital assets research at Standard Chartered. "But the reality is we've been able to ...
Rate cut bets boost stocks as bitcoin breaks $100,000
Rate cut bets boost stocks as bitcoin breaks $100,000
Source: Reuters
2024-12-05 09:29:29 am
Asian stocks slip, rattled by South Korean political unrest Asian equities stumbled on Wednesday while currencies were volatile as traders scrambled to contend with the political storm in South Korea, where martial law was imposed and subsequently lifted hours later. South Korea's won strengthened in early trading buoyed by suspected intervention but remained close to the two-year low against the dollar it hit late on Tuesday. The benchmark KOSPI index was down nearly 2%, taking its year-to-date losses to over 7%, making it the worst perform...
Asian stocks slip, rattled by South Korean political unrest
Asian stocks slip, rattled by South Korean political unrest
Source: Reuters
2024-12-04 09:02:29 am
Asian stocks climb on Wall Street lead; yuan, euro sag Asian stocks rose on Tuesday led by an outperforming tech sector following record highs on Wall Street overnight, while the dollar hovered near a six-week low to the yen as traders weighed the outlook for interest rates in the United States and Japan. Investors were also monitoring the political turmoil in France as the government there teetered on the brink of collapse, leaving the euro languishing close to a one-week low. The Chinese yuan was also facing its own challenges from the gr...
Asian stocks climb on Wall Street lead; yuan, euro sag
Asian stocks climb on Wall Street lead; yuan, euro sag
Source: Reuters
2024-12-03 08:54:58 am
Asia stocks rise after Wall Street records; dollar rebounds Asian stocks climbed on Monday, buoyed by record high closes on Wall Street, while the dollar bounced back from multiweek lows against the yen and British pound in a crucial week for the U.S. interest rate outlook. Chinese shares got an additional boost from a robust reading in a private manufacturing survey on Monday, confirming strength in the official data on manufacturing from the weekend. Incoming U.S. President Donald Trump provided the dollar support by warning the BRICS emerging...
Asia stocks rise after Wall Street records; dollar rebounds
Asia stocks rise after Wall Street records; dollar rebounds
Source: Reuters
2024-12-02 09:10:46 am
Asian shares slip, yen aims for best week in 4 months on BOJ hike bets Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders favouring an imminent rate hike from the Bank of Japan. Overnight, trading in U.S. equities and Treasuries was closed due to the Thanksgiving holiday, leaving little lead for Asia. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3% and was down 0.5% for the week. Japan's Nikkei dropped 0.7% as the yen surged after Tokyo's infla...
Asian shares slip, yen aims for best week in 4 months on BOJ hike bets
Asian shares slip, yen aims for best week in 4 months on BOJ hike bets
Source: Reuters
2024-11-29 09:01:01 am
Asian stocks subdued, dollar drifts ahead of US Thanksgiving Asian shares were subdued on Thursday and the dollar was on the defensive after U.S. data showed progress in slowing inflation had stalled even as the economy remained resilient, raising doubt over the path the Federal Reserve could take next year. With the U.S. Thanksgiving holiday likely to keep trading thin for the rest of the week, traders remained hesitant in placing major bets. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.07% lower, with Japan's Ni...
Asian stocks subdued, dollar drifts ahead of US Thanksgiving
Asian stocks subdued, dollar drifts ahead of US Thanksgiving
Source: Reuters
2024-11-28 08:52:30 am
Asian stocks weak amid Trump tariff worries; yen firm  Asian stocks were heavy on Wednesday as investors fretted over what countries could be targeted for tariffs under incoming U.S. President Donald Trump, a day after he pledged new levies on Canada, Mexico and China. The loonie and peso remained weak following sharp drops to multi-year lows on Tuesday, while the yuan edged back towards the previous session's four-month trough. Australia's dollar, which is often used as a liquid proxy for the yuan given China is the country&#...
Asian stocks weak amid Trump tariff worries; yen firm
Asian stocks weak amid Trump tariff worries; yen firm
Source: Reuters
2024-11-27 09:03:48 am
Dollar jumps, stocks retreat after Trump vows tariffs The dollar rallied sharply on Tuesday after U.S. President-elect Donald Trump pledged tariffs on all imports from Canada and Mexico, and additional tariffs on China. Stocks declined, giving back some of the robust gains of the previous session, when they were buoyed by the nomination of fund manager Scott Bessent as Treasury Secretary, considered by investors as a voice for Wall Street in Washington. Bessent's appointment had also led to a sharp fall in U.S. yields as investors scoo...
Dollar jumps, stocks retreat after Trump vows tariffs
Dollar jumps, stocks retreat after Trump vows tariffs
Source: Reuters
2024-11-26 08:55:26 am
Asian stocks rise, dollar weak as US yields tick down Asian stocks rose on Tuesday while U.S. bond yields and the dollar hung back from multi-month highs as traders awaited President-elect Donald Trump's cabinet selection and sought to gauge the outlook for Federal Reserve easing. Tech shares advanced, tracking Wall Street's recovery from last week's steep losses although Nvidia's upcoming earnings on Wednesday limited the scope for big moves. Markets have pared bets for a quarter-point interest-rate cut at the Fed's ne...
Asian stocks rise, dollar weak as US yields tick down
Asian stocks rise, dollar weak as US yields tick down
Source: Reuters
2024-11-19 08:56:19 am
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints  Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia, while in Japan, a speech from its central bank's head left markets none the wiser on the country's rate outlook. Bank of Japan Governor Kazuo Ueda reiterated on Monday the central bank will keep raising interest rates if economic and price developments move in line with its forecasts, but made no mention of whether a hike could come in December. His speech had been cl...
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints
Source: Reuters
2024-11-18 08:58:30 am
Asian stocks retreat, bitcoin soars to record on Donald Trump euphoria  Asian stocks eased while the dollar held at four-month highs on Tuesday, though all the excitement was centred on bitcoin as it soared to a record peak underpinned by investor bets on assets that are likely to benefit from Donald Trump's election win. Investors anticipate Trump's second four-year term in office will bring equities-boosting tax cuts and looser regulations, lifting the world's biggest and best-known cryptocurrency, bitcoin, to an all-time high of $89,637. ...
Asian stocks retreat, bitcoin soars to record on Donald Trump euphoria
Asian stocks retreat, bitcoin soars to record on Donald Trump euphoria
Source: Reuters
2024-11-12 09:21:41 am
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally Hong Kong stocks led declines in Asia on Monday after Beijing's latest stimulus fell short of investor expectations, overshadowing Wall Street's record highs from Friday and futures pointing to further strength at the reopen. Bitcoin climbed to an all-time high as Donald Trump's victory in the U.S. presidential election along with pro-crypto candidates being voted to Congress spurred expectations of a light-handed regulatory environment. The dollar traded not far from last w...
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally
Source: Reuters
2024-11-11 09:15:41 am
Asia stocks sputter as focus shifts to China stimulus Asian stocks pared early gains on Friday as investors cautiously turned their focus to stimulus announcements from China later in the day with Beijing's week-long legislative meeting drawing to a close. Regional equities had started the day by tracking Wall Street's overnight rise to record highs, with investors digesting the Federal Reserve's message for careful interest rate cuts even with expectations for big fiscal spending under incoming President Donald Trump. U.S. Tre...
Asia stocks sputter as focus shifts to China stimulus
Asia stocks sputter as focus shifts to China stimulus
Source: Reuters
2024-11-08 09:13:12 am
Stocks rise, Treasuries under pressure as Trump impact weighed World stocks gained on Thursday after a record rise for U.S. shares overnight, and U.S. Treasuries remained under pressure as investors processed a second Donald Trump presidency, ahead of policy decisions from the Fed and other major central banks. Europe's broad STOXX 600 index was last up 0.5% after Asian shares had gained earlier in the day, with even onshore Chinese blue chips rising 3% as investor optimism over potential stimulus outweighed concerns about worsening trade tensions...
Stocks rise, Treasuries under pressure as Trump impact weighed
Stocks rise, Treasuries under pressure as Trump impact weighed
Source: Reuters
2024-11-07 10:43:20 am
US stock futures, dollar gain on early election results U.s. stock futures and the dollar climbed in Asia on Wednesday as early results from the U.S. presidential election suggested the race remained too close to call, leaving investors jumping at shadows. Republican Donald Trump won eight states while Democrat Kamala Harris captured three and Washington, D.C., Edison Research projected, but critical battleground states were unlikely to be called for hours or even days. Treasury yields climbed as some betting sites swung to favour Trump, whi...
US stock futures, dollar gain on early election results
US stock futures, dollar gain on early election results
Source: Reuters
2024-11-06 08:31:21 am
Stocks, dollar on tenterhooks with all eyes on US Election Day Stock markets moved sideways and an uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader with polls showing the contest on a knife edge. Oil held sharp overnight gains on delays to producers' plans for increased output, leaving benchmark Brent crude futures at $75.08 a barrel after a 3% rise on Monday. MSCI's broadest index of Asia-Pacific shares outside Japan was flat. Tokyo's Nikkei returned from a holiday and rose ...
Stocks, dollar on tenterhooks with all eyes on US Election Day
Stocks, dollar on tenterhooks with all eyes on US Election Day
Source: Reuters
2024-11-05 08:51:47 am
Markets brace for US election showdown in event-packed week Financial markets began the week on a cautious note on Monday, with shares in Asia subdued while the dollar eased slightly ahead of a busy week headlined by the U.S. presidential race which is set to come down to the wire. The week will also provide investors with global monetary policy catalysts with rate decisions from the Federal Reserve, the Bank of England (BoE), the Reserve Bank of Australia (RBA), Riksbank and Norges Bank. China's National People's Congress (NPC) standing...
Markets brace for US election showdown in event-packed week
Markets brace for US election showdown in event-packed week
Source: Reuters
2024-11-04 08:31:56 am
Asia markets start momentous month on cautious side, US payrolls awaited Asian markets started a likely momentous month on the cautious side, with shares mostly lower and Treasury yields near three-month highs on Friday, while investors wait for U.S. payrolls data, although a rate cut next week is largely baked in. Investors are awaiting Friday's nonfarm payrolls report, ahead of Tuesday's U.S. presidential election and Federal Reserve's policy meeting a day later. Oil extended its rally, with Brent prices up almost 2% to $74.13 a barrel, on repo...
Asia markets start momentous month on cautious side, US payrolls awaited
Asia markets start momentous month on cautious side, US payrolls awaited
Source: Reuters
2024-11-01 08:56:28 am
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision Asian stocks slid on Thursday as chip-sector stocks tracked overnight declines by Wall Street peers and Facebook owner Meta Platforms warned of accelerating costs for artificial intelligence. More megacap tech earnings are due later in the day from Apple and Amazon. The yen hovered close to a three-month low against the dollar, weighed down by political instability after a drubbing for Japan's ruling coalition in parliamentary elections last weekend, which could delay a normalisatio...
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision
Source: Reuters
2024-10-31 08:53:33 am
Asia shares stumble on China headwinds; gold and bitcoin buoyant Asia shares eased on Wednesday on the back of weakness in China, as investors brace for a tightly contested U.S. election that could have huge ramifications for the world's second-largest economy, even as Beijing tries to shore up growth. Gold rose to an all-time high as jitters over the close U.S. presidential race supported the yellow metal, while bitcoin also flirted with a record peak as markets weigh the prospect of a victory by Republican candidate Donald Trump. MSCI's bro...
Asia shares stumble on China headwinds; gold and bitcoin buoyant
Asia shares stumble on China headwinds; gold and bitcoin buoyant
Source: Reuters
2024-10-30 08:47:38 am
Asian stocks mixed, dollar drifts before megacap earnings, jobs data Asian stocks were mixed in volatile trading on Tuesday as investors girded for three days of tech megacap earnings reports on Wall Street, kicking off with Google parent Alphabet later in the day. The dollar drifted not far from a three-month high with one of the Federal Reserve's preferred employment gauges - the JOLTS job openings report - due on Tuesday, ahead of highly anticipated monthly non-farm payrolls data on Friday. U.S. Treasury yields eased from three-month peaks. The ye...
Asian stocks mixed, dollar drifts before megacap earnings, jobs data
Asian stocks mixed, dollar drifts before megacap earnings, jobs data
Source: Reuters
2024-10-29 09:15:48 am
Stocks head for weekly loss as US election nerves mount Global stocks were set to end the week lower as looming U.S data and Japan's weekend election curbed a rally already knocked off course by the close-run race for the White House and expectations the Federal Reserve will resist rapid rate cuts. MSCI's broad world equity index was steady on the day but heading for a 1.2% slide on the week. U.S. Treasuries drew buyers on Friday but still headed for a sixth straight weekly loss, futures tipped Wall Street's S&P 500 for mild ...
Stocks head for weekly loss as US election nerves mount
Stocks head for weekly loss as US election nerves mount
Source: Reuters
2024-10-25 11:02:17 am
Asia shares fall on US election anxiety; Tesla earnings provide some cheer Asian shares fell on Thursday, while the dollar held near three-month highs and U.S. yields rose as uncertainty over the U.S. election outcome kept markets on edge, though Tesla's forecast-topping earnings provided some comfort for investors. The combination of higher U.S. Treasury yields, U.S. election uncertainty and growing bets the Federal Reserve may be more restrained in their easing pace capped risk sentiment. Adding to the market nerves is rising expectations of a possible retu...
Asia shares fall on US election anxiety; Tesla earnings provide some cheer
Asia shares fall on US election anxiety; Tesla earnings provide some cheer
Source: Reuters
2024-10-24 08:48:54 am
Stocks stumble, dollar and gold rise as traders weigh US rates, election Gold prices jumped to record high and the dollar was on the rise again on Wednesday, keeping the pressure on the yen and the euro, while stocks in Asia stuttered as investors were reluctant to place major bets ahead of a hotly contested U.S. election. The shifting expectations around how fast and deep the Federal Reserve will cut rates have also hurt risk sentiment, with traders now anticipating the U.S. central bank to be measured in its easing. That has taken U.S. Treasury yields to a...
Stocks stumble, dollar and gold rise as traders weigh US rates, election
Stocks stumble, dollar and gold rise as traders weigh US rates, election
Source: Reuters
2024-10-23 08:43:06 am
Bonds slide, stocks slip as US election looms Asian stocks turned lower and the dollar stood by multi-month peaks on Tuesday as a sharp sell-off in bonds and a jump in gold suggested investors are hunkering down ahead of the U.S. election. Benchmark 10-year Treasury yields rose 11 basis points overnight and a further 1 bp in early Asia trade to 4.19%. Gold hit a record high just above $2,740 an ounce on Monday and traded at $2,725 early on Tuesday. [US/][GOL/] Japan's Nikkei slid 1.1% in morning trade to hit its lowest since ea...
Bonds slide, stocks slip as US election looms
Bonds slide, stocks slip as US election looms
Source: Reuters
2024-10-22 08:49:58 am
Asia shares wobble; bitcoin rallies on 'Trump trade' Asia shares dipped in and out of positive territory on Monday, under pressure from weakness in Chinese stocks, but bitcoin scaled a three-month peak as "Trump trades" continued to ramp up. Gold hit another record high on conflict in the Middle East and an extremely close U.S. presidential election, with the yellow metal expected to stay in favour among much global uncertainty. Optimism over Beijing's slew of stimulus measures first announced late in September has turned in...
Asia shares wobble; bitcoin rallies on 'Trump trade'
Asia shares wobble; bitcoin rallies on 'Trump trade'
Source: Reuters
2024-10-21 08:35:36 am
Asia stocks cautious after mixed China data; dollar firm on Fed view Asian stocks traded cautiously on Friday after a mixed reading on the health of China's economy, while Japanese markets were buoyed by a weaker yen. The dollar hovered close to an 11-week high versus major peers on Friday after robust U.S. economic data allowed for a more patient path of Federal Reserve easing. The U.S. currency was also supported by recent market contemplation of a potential election victory for Donald Trump, whose proposed tariffs and immigration policies are seen...
Asia stocks cautious after mixed China data; dollar firm on Fed view
Asia stocks cautious after mixed China data; dollar firm on Fed view
Source: Reuters
2024-10-18 08:52:37 am
`Trump trade `lifts dollar, Asia stocks await China news Asian shares steadied on Thursday ahead of a housing policy briefing in China that has raised expectations of support for the ailing property sector, while the dollar stood near 2-1/2 month highs on the prospect of a Donald Trump presidency. Global bonds rallied after a surprisingly large drop in British inflation and as the European Central Bank is expected to announce its first back-to-back rate cut in 13 years. Results at chipmaking giant TSMC will be in focus after a soft outlook fr...
`Trump trade `lifts dollar, Asia stocks await China news
`Trump trade `lifts dollar, Asia stocks await China news
Source: Reuters
2024-10-17 09:02:33 am
Chip stocks lead Asian markets lower; China in focus Asian equities fell on Wednesday after disappointing earnings from Europe's biggest tech firm ASML dragged chip stocks around the world, while expectations that the Federal Reserve will take a modest rate cut path propped up the dollar. Also weighing on the market was lacklustre earnings from French luxury giant LVMH that showed demand in China for luxury goods worsened, denting some of the enthusiasm around China spurred by stimulus measures. Tech-heavy South Korean stocks fell 0.6...
Chip stocks lead Asian markets lower; China in focus
Chip stocks lead Asian markets lower; China in focus
Source: Reuters
2024-10-16 08:46:49 am
Most Asian shares track Wall Street higher, oil extends losses  Asian stocks were mostly higher on Tuesday, supported by a strong Wall Street close and investor optimism about corporate earnings, while the dollar held near a two-month top, aided by bets on a smaller U.S. rate cut next month. Oil prices are down about 3% after Israeli Prime Minister Benjamin Netanyahu reportedly told the United States that Israel is willing to strike Iranian military targets and not nuclear or oil ones, easing immediate concerns about supply disruptions. [O/R] ...
Most Asian shares track Wall Street higher, oil extends losses
Most Asian shares track Wall Street higher, oil extends losses
Source: Reuters
2024-10-15 08:57:29 am
Asian shares set for first weekly loss in five, China stimulus eyed Asian shares were headed for the first weekly loss in five as the stunning rally in Chinese shares took a breather, although all eyes are on the details of the much-anticipated fiscal stimulus from Beijing this weekend. Overnight, data showed core U.S. consumer inflation came in at 0.3% in September, slightly hotter than expected, which pointed to stalling progress in the Federal Reserve's fight against inflation. However, high weekly jobless claims figures kept bets that the Fed remai...
Asian shares set for first weekly loss in five, China stimulus eyed
Asian shares set for first weekly loss in five, China stimulus eyed
Source: Reuters
2024-10-11 08:48:37 am
China`s scorching rally takes a breather to wait on stimulus Chinese shares fell on Wednesday and commodities nursed sharp losses as investors tempered enthusiasm for a Chinese economic recovery, while broader markets steadied on expectations that the U.S. economy can avoid recession and support global demand. The New Zealand dollar fell 0.6% after the central bank cut interest rates by 50 basis points and sounded downbeat about the economic outlook, leaving the door open to more cuts. MSCI's broadest index of Asia-Pacific shares outside Japa...
China`s scorching rally takes a breather to wait on stimulus
China`s scorching rally takes a breather to wait on stimulus
Source: Reuters
2024-10-09 08:56:54 am
China reopens with a bang but fails to lift Asia stocks Mainland Chinese stocks returned from an extended break with a roaring start on Tuesday, scaling multi-year highs as investor exuberance over Beijing's aggressive stimulus measures showed no signs of easing. The optimism though failed to spill over into other share markets in Asia, particularly Hong Kong, which reversed some of the rally it enjoyed while China was out on a week-long holiday. China's CSI300 blue-chip index surged 10% in early trade to its highest level since July...
China reopens with a bang but fails to lift Asia stocks
China reopens with a bang but fails to lift Asia stocks
Source: Reuters
2024-10-08 08:33:26 am
Japan leads Asia stock rally, dollar gains after blowout US payrolls  Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after blowout U.S. labour data dispelled fears of a recession and spurred a sharp paring of rate-cut bets. Short-term U.S. Treasury yields rose after the closely watched non-farm payrolls report on Friday showed the economy unexpectedly added the most jobs in six months in September. Crude oil prices eased from a one-month peak even as Israel bombed targets in Lebanon and the Gaza Strip, with ...
Japan leads Asia stock rally, dollar gains after blowout US payrolls
Japan leads Asia stock rally, dollar gains after blowout US payrolls
Source: Reuters
2024-10-07 08:48:11 am
Tokyo stocks rise over weaker yen, US gains Tokyo stocks gained ground on Tuesday following a plunge on the previous day as bargain hunters targeted the dip, pushing up the index.  Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, gained 1.93 per cent, or 732.42 points, to close at 38,651.97. The market was also buoyed by a weakening yen, with the yen trading at around 144 per dollar, as well as gains on Wall Street, reports Xinhua news agency. Despite the rebound, concerns over the new governm...
Tokyo stocks rise over weaker yen, US gains
Tokyo stocks rise over weaker yen, US gains
Source: IANS
2024-10-01 02:21:46 pm
Dollar dives to 2024 low, gold at record high on revived bets for jumbo Fed cut The dollar slumped to its lowest this year on Friday versus the yen while gold hit a record high as investors ratcheted up bets for a super-sized Federal Reserve interest rate cut next week. Shares in Asia also advanced after traders raised bets back to 45% for a 50-basis point U.S. rate cut on Sept. 18, according to LSEG data at 0510 GMT, from about 28% before articles in the Financial Times and Wall Street Journal each called the decision "a close call". Influential former N...
Dollar dives to 2024 low, gold at record high on revived bets for jumbo Fed cut
Dollar dives to 2024 low, gold at record high on revived bets for jumbo Fed cut
Source: Reuters
2024-09-13 09:06:20 am
Asian shares up on Wall Street tech boost, dollar extends gains on yen Asian shares bounced on Thursday, tracking a tech-driven rally on Wall Street, while the dollar held onto gains after U.S. core inflation surprised slightly on the upside and dashed hopes of a large rate cut by the Federal Reserve next week. Investors are now awaiting a policy decision from the European Central Bank later in the day where a rate cut is almost a certainty, but the question remains whether it would move again in both October and December. MSCI's broadest index of Asia...
Asian shares up on Wall Street tech boost, dollar extends gains on yen
Asian shares up on Wall Street tech boost, dollar extends gains on yen
Source: Reuters
2024-09-12 08:52:08 am
Stocks falter, dollar defensive after US presidential debate Asian markets wobbled and U.S. stock futures slipped on Wednesday after Democratic Vice President Kamala Harris and Republican Donald Trump clashed in a keenly-awaited U.S. presidential debate. The presidential hopefuls battled over abortion, the economy, immigration and Trump's legal woes at their combative first debate. That left investors skittish in Asian trade as markets also geared up for U.S. inflation data that could influence the Federal Reserve's policy moves next week...
Stocks falter, dollar defensive after US presidential debate
Stocks falter, dollar defensive after US presidential debate
Source: Reuters
2024-09-11 09:20:56 am
China hobbles Asia shares; US data, Fed meet in view Asian stocks inched slightly higher on Tuesday but struggled to sustain an upbeat rally on Wall Street as concerns about a faltering Chinese economy dampened the market mood. Data on Tuesday showed China's exports grew at their fastest since March 2023 in August, suggesting manufacturers are rushing out orders ahead of tariffs expected from a number of trade partners, while imports missed forecasts amid weak domestic demand. That followed Monday's inflation figures that pointed ...
China hobbles Asia shares; US data, Fed meet in view
China hobbles Asia shares; US data, Fed meet in view
Source: Reuters
2024-09-10 09:14:20 am