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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
World stocks dip, European shares jump on ECB rate cut hopes World equities dithered at four-week lows on Monday, pressured by falling stocks in Asia, while European shares climbed on the prospect of an ECB rate cut on Thursday, government bond yields rose, and oil recovered from last week's beating. MSCI's gauge of stocks around the globe fell 1.94 points or 0.24% to its lowest level in almost a month, while Europe's STOXX 600 index rose 0.61%. Data on Monday showed China's consumer prices index rose in August at the fastest pace...
World stocks dip, European shares jump on ECB rate cut hopes
World stocks dip, European shares jump on ECB rate cut hopes
Source: Reuters
2024-09-09 08:45:20 am
Markets on tenterhooks ahead of key US jobs data  Asian shares clung to tight ranges and the dollar nursed losses on Friday, with investors on tenterhooks ahead of U.S. jobs data that could decide the size and speed of coming rate cuts in the world's largest economy. As of now, oil prices are staring down their worst week in more than a year to hover just above a critical chart level, with their near-term fate depending on the payrolls report due later in the day. [O/R] MSCI's broadest index of Asia-Pacific shares outside...
Markets on tenterhooks ahead of key US jobs data
Markets on tenterhooks ahead of key US jobs data
Source: Reuters
2024-09-06 09:10:03 am
Asian shares try to stabilise after global sell-off; focus on US data Asian share markets tried to regain their footing on Thursday after a steep sell-off, while a rally in Treasuries dented the dollar and lifted the yen as U.S. economic worries raised the odds of the Federal Reserve going big on rate cuts. Oil prices were steady in early trading after dropping in the previous sessions on weak demand and supply woes, while gold edged higher. [GOL/] [O/R] In a data-packed week, investors are poring over the reports dropping in to gauge the health of the U....
Asian shares try to stabilise after global sell-off; focus on US data
Asian shares try to stabilise after global sell-off; focus on US data
Source: Reuters
2024-09-05 08:42:02 am
Stocks, oil slide as growth worries resurface Asian shares and global stock futures tumbled on Wednesday while oil prices hit multi-month lows as a sharp tech selloff on Wall Street and resurgent worries about U.S. growth drove investors out of risky assets. Japan's Nikkei led the slump in Asia, falling more than 3%, while MSCI's broadest index of Asia-Pacific shares outside Japan lost 1.6% in early trade. September has historically been a bad month for stocks, though analysts pointed to a confluence of factors behind the r...
Stocks, oil slide as growth worries resurface
Stocks, oil slide as growth worries resurface
Source: Reuters
2024-09-04 08:43:19 am
Stocks on tiptoes ahead of US payrolls, dollar creeps higher Asian stocks slipped and investors bought dollars and yen on Tuesday in a drift toward safe-haven assets ahead of a raft of data that may determine how deeply the U.S. will cut interest rates later this month. The U.S. ISM manufacturing survey due later in the day and particularly jobs data due on Friday will be crucial for whether the Federal Reserve cuts by 25 basis points or 50 on Sept. 18. Ten-year Treasury yields were slightly higher at 3.915% and two-year yields hovered at 3.931% ...
Stocks on tiptoes ahead of US payrolls, dollar creeps higher
Stocks on tiptoes ahead of US payrolls, dollar creeps higher
Source: Reuters
2024-09-03 08:43:53 am
Asia shares see pockets of gains, China PMI tops forecasts Asian share markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether a rate cut expected this month will be regular or super-sized. A holiday in the United States and Canada made for thin liquidity, while wins for far-right parties in German state elections added a fresh layer of political uncertainty. The dollar was hanging on to gains made on Friday after upbeat spending figures led markets to tri...
Asia shares see pockets of gains, China PMI tops forecasts
Asia shares see pockets of gains, China PMI tops forecasts
Source: Reuters
2024-09-02 08:43:03 am
World stocks end turbulent month higher as U.S. inflation data looms Global stocks rose on Friday and were set for a fourth straight month of gains despite a bout of heavy selling in early August, boosted by U.S. growth data that helped the dollar snap a weeks-long losing streak and kept bond markets on edge. MSCI's world share index ticked 0.2% higher, heading for a 1.8% monthly gain, as Europe's Stoxx index touched a record intraday high in early dealings and Britain's FTSE 100 rose to a three-month peak. U.S. stock futures also pointed to ...
World stocks end turbulent month higher as U.S. inflation data looms
World stocks end turbulent month higher as U.S. inflation data looms
Source: Reuters
2024-08-30 08:53:35 am
Asian shares track Wall Street futures lower as Nvidia disappoints Asian shares followed Wall Street futures lower on Thursday as Nvidia's results disappointed some bullish investors, while the dollar steadied and the Treasury yield curve came within a whisker of turning positive. Investors now await U.S. weekly jobless claims, which have gained prominence given the Federal Reserve's focus on the health of the labour market, as well as inflation readings from Germany and Spain, for clues on rate-cut prospects beyond September. MSCI's broade...
Asian shares track Wall Street futures lower as Nvidia disappoints
Asian shares track Wall Street futures lower as Nvidia disappoints
Source: Reuters
2024-08-29 08:39:15 am
US, Seoul markets down over Nvidia's underwhelming earnings result South Korean shares dropped more than 1 per cent after opening on Thursday, taking a cue from Wall Street losses prompted by an underwhelming earnings result by global artificial intelligence (AI) chip giant Nvidia.  The benchmark Korea Composite Stock Price Index (KOSPI) fell 31.62 points, or 1.18 per cent, to 2,658.21 in the first 15 minutes of trading, Yonhap news agency reported. Overnight in the United States, the Dow Jones Industrial Average fell 0.39 per cent, with the S&...
US, Seoul markets down over Nvidia's underwhelming earnings result
US, Seoul markets down over Nvidia's underwhelming earnings result
Source: IANS
2024-08-28 08:55:39 am
Asian stocks slide as geopolitical worries sap confidence Asian stocks fell on Tuesday as investors pondered looming U.S. interest rate cuts and awaited earnings from AI darling Nvidia, while rising tensions in the Middle East and supply concerns checked risk sentiment and lifted oil prices. Gold prices were just shy of a record peak, while the dollar firmed and the yen hovered near its highest in three weeks as investors sough safety amid geopolitical risks, with Israel and Lebanon's Hezbollah exchanging fire on Sunday. [GOL/] [FRX/] Also...
Asian stocks slide as geopolitical worries sap confidence
Asian stocks slide as geopolitical worries sap confidence
Source: Reuters
2024-08-27 08:46:23 am
Stocks stutter, dollar sags; Nvidia earnings in focus Major share markets turned hesitant on Monday, while the dollar and bond yields sagged ahead of inflation data that could pave the way for rate cuts in the United States and Europe, while Wall Street braced for earnings from AI darling Nvidia. Oil prices climbed after Israel and Hezbollah traded rocket salvos and air strikes on Sunday, stirring worries about possible supply disruptions if the conflict escalated. Brent rose 81 cents to $79.83 a barrel as of 0701 GMT, while U.S. crude add...
Stocks stutter, dollar sags; Nvidia earnings in focus
Stocks stutter, dollar sags; Nvidia earnings in focus
Source: Reuters
2024-08-26 08:54:55 am
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates Wall Street and global shares jumped on Friday toward all-time highs, while Treasury yields slumped and the dollar languished, after a speech by U.S. Federal Reserve Chair Jerome Powell confirmed the United States would soon begin interest rate cuts. Powell, in remarks on Friday at the annual economic symposium in Jackson Hole, Wyoming, said "the time has come" to cut interest rates as rising risks to the job market left no room for further weakness and inflation was in reach of ...
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
Source: Reuters
2024-08-24 08:46:33 am
Shares hold near record high with Powell in focus, dollar in the doldrums World shares steadied on Friday, sitting just 1% shy of all-time highs, while the dollar languished around one-year lows ahead of a speech by the world's most powerful central banker which markets will peruse for guidance on the shape of U.S. rate cuts. Europe's broad Stoxx 600 index rose 0.14% in early trading, Asian shares outside Japan nudged down 0.1%, but Japan's Nikkei gained 0.4% as investors digested inflation data and remarks from Bank of Japan governor Kazuo Ueda flag...
Shares hold near record high with Powell in focus, dollar in the doldrums
Shares hold near record high with Powell in focus, dollar in the doldrums
Source: Reuters
2024-08-23 09:05:50 am
Shares buoyed, dollar battered as Federal Reserve readies rate cuts  Asian shares inched higher while the dollar was pinned to one-year lows on sterling and the euro on Thursday as Federal Reserve minutes showed policymakers were ready to start cutting U.S. interest rates. The minutes said the "vast majority" felt that if data came in as expected, a September cut was likely to be appropriate and in response U.S. stocks rose, bonds rallied and the dollar fell. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2% in ea...
Shares buoyed, dollar battered as Federal Reserve readies rate cuts
Shares buoyed, dollar battered as Federal Reserve readies rate cuts
Source: Reuters
2024-08-22 08:35:06 am
Stocks lose steam as investors zoom in on US jobs, Federal Reserve Asian shares slipped on Wednesday as a stellar rebound in world stocks paused for breath, while bond yields and the dollar fell ahead of U.S. economic data and speeches from policymakers that are expected to make the case for interest rate cuts. The S&P 500 snapped eight sessions of gains with a 0.2% overnight drop. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%. Hong Kong's Hang Seng slumped 1.4% with JD.com dropping 11% after Bloomberg News reported t...
Stocks lose steam as investors zoom in on US jobs, Federal Reserve
Stocks lose steam as investors zoom in on US jobs, Federal Reserve
Source: Reuters
2024-08-21 08:52:08 am
Asia shares underpinned by hopes for dovish Fed Asian stocks were taking a breather on Monday after global equities enjoyed their best week in nine months on expectations the U.S. economy would dodge a recession and cooling inflation would kick off a cycle of interest rate cuts. The prospect of lower borrowing costs saw gold clear $2,500 an ounce for the first time and the dollar dip against the euro, though both the safe haven yen and Swiss franc receded as risk appetites recovered. Federal Reserve members Mary Daly and Austan Gools...
Asia shares underpinned by hopes for dovish Fed
Asia shares underpinned by hopes for dovish Fed
Source: Reuters
2024-08-19 08:46:26 am
Japanese stocks head for best week in 4 years as receding growth fears lift markets Asia shares were headed for a weekly gain on Friday and Japan's benchmark Nikkei was poised for its best week in over four years as upbeat risk sentiment spilled over from Wall Street, while the dollar and U.S. Treasury yields held broadly steady. Last week's market turmoil was replaced by calmer conditions this week after a raft of U.S. economic data allayed recession fears in the world's largest economy and pushed back against expectations for aggressive U.S. rate cuts. &q...
Japanese stocks head for best week in 4 years as receding growth fears lift markets
Japanese stocks head for best week in 4 years as receding growth fears lift markets
Source: Reuters
2024-08-16 08:43:56 am