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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
Dollar strong ahead of Fed meeting, Japan auto shares surge on Honda-Nissan news  Asian stocks hovered near two-week lows and the dollar hit milestone highs against the Australian and New Zealand dollars on Wednesday in the countdown to an expected U.S. interest rate cut. In Japan, auto shares leapt on hopes that talks between Honda and Nissan heralded industry consolidation. The S&P 500 edged 0.4% lower overnight but MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade. Japan's Nikkei was 0.3% lower but a record 22...
Dollar strong ahead of Fed meeting, Japan auto shares surge on Honda-Nissan news
Dollar strong ahead of Fed meeting, Japan auto shares surge on Honda-Nissan news
Source: Reuters
2024-12-18 08:56:13 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
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
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 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
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
Rupee to open a tad weaker tracking Asian peers, US inflation data eyed  The Indian rupee is expected to open slightly weaker on Wednesday, tracking declines in most of its Asian peers, with traders awaiting U.S. inflation data due later in the day while expecting the rupee to gradually weaken towards 84.50. The 1-month non-deliverable forward indicated that the rupee will open at 84.34-84.35 to the U.S. dollar, compared with 84.3275 in the previous session. The dollar index was little changed at 106.8. Most Asian currencies declined, with the Indonesi...
Rupee to open a tad weaker tracking Asian peers, US inflation data eyed
Rupee to open a tad weaker tracking Asian peers, US inflation data eyed
Source: Reuters
2024-11-27 08:49:41 am
MSCI adds five Indian stocks to key index; Nuvama sees $2.5 billion inflows MSCI added five Indian companies to its Global Standard Index late on Wednesday, a move that brokerage Nuvama said would lift the country's weightage on the index to 20%, further narrowing the gap with China. MSCI said there would be 156 Indian stocks in the index, but that is only one-fourth of China's 598, signalling scope for further inclusion of Indian stocks on the index. The changes will take place after the markets close on Nov. 25, MSCI said. The inclusion of the stoc...
MSCI adds five Indian stocks to key index; Nuvama sees $2.5 billion inflows
MSCI adds five Indian stocks to key index; Nuvama sees $2.5 billion inflows
Source: Reuters
2024-11-07 12:06:07 pm
Adani Group stocks surge, add Rs 54,381 cr in market cap The share price of all the companies in the Adani Group surged on Wednesday, adding Rs 54,381.06 crore worth of wealth to the investors' kitty.  The market cap of Adani Group companies rose to Rs 16 lakh crore. Shares of Adani Group companies gained, while the NSE Nifty 50 recorded the best session since September 20 and the BSE Sensex since October 28. The Nifty 50 ended 270.75 points or 1.12 per cent higher at 24,484.05, and the Sensex closed 901.50 points or 1.13 per cent up...
Adani Group stocks surge, add Rs 54,381 cr in market cap
Adani Group stocks surge, add Rs 54,381 cr in market cap
Source: IANS
2024-11-07 10:01:16 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
India becomes 6th largest market in global MSCI IMI index, surpasses China In yet another feat to India’s growing clout in the world economy, the country has become the sixth-largest market in the MSCI All Country World Investable Market Index (ACWI IMI), surpassing China.  The global index tracks capital market performance across the world. The index includes large- and mid-cap stocks and is a more inclusive version of the widely tracked MSCI ACWI Index. India’s weight in the MSCI ACWI IMI stood at 2.35 per cent in August, 11 basis points hig...
India becomes 6th largest market in global MSCI IMI index, surpasses China
India becomes 6th largest market in global MSCI IMI index, surpasses China
Source: IANS
2024-09-19 11:38:41 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
India pips China to become largest weight in MSCI Emerging Market IMI Strong fundamentals have helped India pip China in the MSCI EM Investable Market Index (IMI) to become the largest weight. The world’s fastest-growing economy is also set to surpass China as the top weight in the broader MSCI Emerging Markets index too.  The MSCI Emerging Markets IMI captures large, mid and small cap representation across 24 Emerging Markets (EM) countries. With 3,355 constituents, the index covers approximately 99 per cent of the free float-adjusted market capi...
India pips China to become largest weight in MSCI Emerging Market IMI
India pips China to become largest weight in MSCI Emerging Market IMI
Source: IANS
2024-09-06 10:43:11 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
Rupee strengthens against US dollar on Friday Indian rupee strengthened against the US dollar on Friday, tracking firm trend in domestic equities, significant foreign fund inflows and muted American currency at overseas markets. Foreign Institutional Investors were net buyers in the capital markets on Thursday, as they purchased shares worth Rs 3,259.56 crore, exchange data showed. Meanwhile, MSCI is set to rebalance its indices today which is estimated to lead to net inflows worth $5.5 billion into the Indian stock market, also supporti...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
2024-08-30 11:45:50 am
Rupee ends flat on day, logs second consecutive monthly decline The Indian rupee ended little changed on Friday as dollar demand from state-run banks offset the impact of likely inflows into local equities. The rupee closed at 83.8625 against the U.S. dollar, nearly flat compared to its close at 83.87 in the previous session. While most Asian currencies rallied between 2% to 6% in August, the rupee weakened 0.2% to log its second consecutive monthly decline. The currency touched its record low of 83.9725 and remained under pressure through most o...
Rupee ends flat on day, logs second consecutive monthly decline
Rupee ends flat on day, logs second consecutive monthly decline
Source: Reuters
2024-08-30 10:43:17 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
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
India's weight on key MSCI equity index rises to record high; $3 billion inflows likely India's weight on the MSCI Global Standard index, which tracks emerging market stocks, has risen to another record high, which is likely to attract inflows of about $3 billion into its equity markets. India has further narrowed the gap with China on the key MSCI index. While China's weightage on the index will fall to 20.2% from 25%, India's weight will rise to 19.8% from 19.2%. The changes in the index weights will come into effect on after markets close on Aug. 30. India'...
India's weight on key MSCI equity index rises to record high; $3 billion inflows likely
India's weight on key MSCI equity index rises to record high; $3 billion inflows likely
Source: Reuters
2024-08-13 09:11:07 am
Japanese shares lift Asian stocks ahead of US data barrage  Asian stocks rose on Tuesday, led by Japanese shares on the back of a steady yen, with traders awaiting data including the U.S. inflation report to gauge the Federal Reserve's policy outlook after volatile moves last week. Oil prices eased in early trading after a 3% jump in the previous session as investors kept an eye on widening conflict in the Middle East that could tighten global crude supplies. Demand for safe assets lifted gold prices. [O/R] [GOL/] Japan's Nikkei ro...
Japanese shares lift Asian stocks ahead of US data barrage
Japanese shares lift Asian stocks ahead of US data barrage
Source: Reuters
2024-08-13 08:59:34 am
Stocks firm, bitcoin loses some oomph as Biden steps down Global shares steadied on Monday, after President Joe Biden's decision to bow out of the election race at the weekend injected a degree of optimism into the markets, while a surprise rate cut by China's central bank failed to give Asian markets any pep. Biden announced on Sunday he would drop out of the election race and endorsed Vice President Kamala Harris for the Democratic ticket. Online betting site PredictIT showed pricing for a victory by Donald Trump had fallen 4 cents t...
Stocks firm, bitcoin loses some oomph as Biden steps down
Stocks firm, bitcoin loses some oomph as Biden steps down
Source: Reuters
2024-07-22 08:59:07 am
Asia stocks hit 27-month top, dollar slips on rate cut talk Asia stocks hit 27-month highs on Thursday as softer U.S. data narrowed the odds on a September rate cut there, boosting bonds and commodities while dragging on the dollar. A holiday in the United States made for thin trading, as investors waited to see just how large a majority the Labour Party might get in the UK election. Markets are well prepared for a change given opinion polls have for months put the centre-left party on course for a landslide victory over the Conservatives. &q...
Asia stocks hit 27-month top, dollar slips on rate cut talk
Asia stocks hit 27-month top, dollar slips on rate cut talk
Source: Reuters
2024-07-04 08:50:32 am
Asia stocks gain on rate cut wagers, yen stays near 38-year lows Asian stocks rose on Wednesday as comments from Fed Chair Jerome Powell reinforced expectations that U.S. rate cuts were not far off, while the yen remained pinned near levels last seen in 1986, keeping traders wary of Japanese intervention. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.26% higher, while Japan's Nikkei rose 0.49%, stalking the record high touched in March. The U.S. is back on a "disinflationary path", Powell said on Tuesday, although...
Asia stocks gain on rate cut wagers, yen stays near 38-year lows
Asia stocks gain on rate cut wagers, yen stays near 38-year lows
Source: Reuters
2024-07-03 08:52:19 am
Dollar soars near 38-year yen peak as Trump risk lifts US yields The U.S. dollar hovered near an almost 38-year high to the yen on Tuesday following a surge in Treasury yields as investors contemplated the potential for a second Donald Trump presidency. The euro remained firm as rival French political parties joined forces to try and prevent the far-right National Rally (RN) from taking power. Equities were broadly mixed in Asia, while crude oil edged higher following a strong rally in the previous session. Later in the day, U.S. Federal Reserve C...
Dollar soars near 38-year yen peak as Trump risk lifts US yields
Dollar soars near 38-year yen peak as Trump risk lifts US yields
Source: Reuters
2024-07-02 09:22:29 am
Asia stocks stutter, euro rises after first round vote in France Asian stocks were subdued on Monday as traders pondered the U.S rates outlook, while the euro rose after the first-round voting in France's shock snap election was won by the far-right, albeit with a smaller share than some polls had projected. The shock vote has unsettled markets as the far-right, as well as the left-wing alliance that came second on Sunday, have pledged big spending increases at a time when France's high budget deficit has prompted the EU to recommend disciplinar...
Asia stocks stutter, euro rises after first round vote in France
Asia stocks stutter, euro rises after first round vote in France
Source: Reuters
2024-07-01 09:13:15 am
World shares push higher, Europe calmer World shares ticked higher on Tuesday as an uneasy calm held in Europe and traders awaited remarks from a bevy of U.S. Federal Reserve officials, while the Australian dollar firmed after its central bank kept rates steady while warning about inflation. Europe's STOXX 600 share index was up 0.2%, with the French benchmark flat, the spread between German and French bonds narrowed and the euro held steady. This marked some stabilisation after French assets sold off sharply last week as...
World shares push higher, Europe calmer
World shares push higher, Europe calmer
Source: Reuters
2024-06-18 08:56:16 am
Asia shares muted on mixed China data, euro pressure Asian share markets were mostly softer on Monday as mixed Chinese economic news underlined the country's bumpy recovery, while political uncertainty in Europe soured risk appetites and kept the euro on the defensive. Chinese blue chips were off 0.2% after retail sales topped forecasts by rising 3.7% in May, but industrial output and fixed-asset investment both underwhelmed. Other data showed home prices fell at the fastest pace in a decade in May, highlighting the continued strains ...
Asia shares muted on mixed China data, euro pressure
Asia shares muted on mixed China data, euro pressure
Source: Reuters
2024-06-17 09:04:57 am
Asia stocks range-bound as EU politics adds new risks Asian stocks traded in a narrow range on Tuesday, as investors pondered fresh political uncertainty in European markets after right-wing gains in elections and a snap poll in France revived concerns about the cohesion of the bloc. Moves were modest, with MSCI's broadest index of Asia-Pacific shares outside Japan dipping 0.4% in thin trade, with Chinese blue chips off 0.7%. Going the other way, Japan's Nikkei firmed 0.3% and South Korea stocks rose 0.5%. EUROSTOXX 50 futures a...
Asia stocks range-bound as EU politics adds new risks
Asia stocks range-bound as EU politics adds new risks
Source: Reuters
2024-06-11 08:51:24 am
Election anxiety in India, South Africa weigh on EM equities, FX Emerging market stocks looked on course for their steepest fall in seven weeks on Tuesday, with Indian shares slumping on nervousness around election results, while political uncertainty continued to weigh on the South African rand. The MSCI EM equities index fell 1.6%, having dropped as much as 1.9% earlier in the session. The benchmark was set for its biggest percentage drop since April 16. India's main stock indexes slid more than 5% each, pulling back from record levels hit on M...
Election anxiety in India, South Africa weigh on EM equities, FX
Election anxiety in India, South Africa weigh on EM equities, FX
Source: Reuters
2024-06-04 04:09:27 pm
Rupee to inch higher on pullback in US yields, possible inflows The Indian rupee on Friday is set to receive a boost from the dip in U.S. Treasury yields before key inflation data and likely equity inflows. Non-deliverable forwards indicate the rupee will open at 83.28 to the U.S. dollar, compared with 83.3175 in the previous session. India's national election exit polls will be out on Saturday. "I would say interbank is right now slightly short (on dollar/rupee) heading into the exit polls," a currency trader at a bank said. The...
Rupee to inch higher on pullback in US yields, possible inflows
Rupee to inch higher on pullback in US yields, possible inflows
Source: Reuters
2024-05-31 09:06:30 am
MicroStrategy, Indian companies among additions to MSCI indexes Index provider MSCI will count U.S. bitcoin investor MicroStrategy among 42 additions to its widely tracked world index while more firms from India join its emerging markets index, following a quarterly review. They are closely watched as billions of dollars invested in exchange-traded funds track MSCI indexes and they are used as a performance benchmark for fund managers. In total, there are 42 securities to be added and 121 cut from the all-country world index. The three largest ad...
MicroStrategy, Indian companies among additions to MSCI indexes
MicroStrategy, Indian companies among additions to MSCI indexes
Source: Reuters
2024-05-15 12:50:52 pm
Asia stocks slide, gold rises as Middle East conflict sparks safety rush Asian shares slumped and gold prices rose on Monday as risk sentiment took a hit after Iran's retaliatory attack on Israel stoked fears of a wider regional conflict and kept traders on edge. The dollar scaled a fresh 34-year high against the yen on growing expectations that sticky inflationary pressures in the United States will keep rates there higher for longer. Markets in Asia began the week on a cautious footing. MSCI's broadest index of Asia-Pacific shares outside Japan fel...
Asia stocks slide, gold rises as Middle East conflict sparks safety rush
Asia stocks slide, gold rises as Middle East conflict sparks safety rush
Source: Reuters
2024-04-15 08:58:43 am
Asia shares on a roll as SNB kicks off rate cuts Asian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the Swiss National Bank had investors wagering who could be next. The SNB's 25 basis point rate cut on Thursday proved a shot in the arm for global risk sentiment as markets raced ahead to bet on big central banks lowering borrowing costs this year, sending Wall Street closing at record highs. MSCI's broadest index of ...
Asia shares on a roll as SNB kicks off rate cuts
Asia shares on a roll as SNB kicks off rate cuts
Source: Reuters
2024-03-22 09:18:05 am