Asian Markets Decline Amid Weak Chinese Earnings and Anticipation for Nvidia Results Asian stocks fell, led by declines in Chinese markets, as disappointing corporate earnings raised concerns about China’s economic outlook. Nongfu Spring Co. shares plummeted after reporting its slowest profit growth in four years. Investors are also cautious ahead of Nvidia’s earnings, which are […]
Asian Stocks Retreat as Tech Earnings and US Rate Outlook Weigh on Sentiment Asian stocks ended a three-day winning streak, with technology shares leading the decline as investors focused on corporate earnings and the upcoming Nvidia results. The MSCI Asia Pacific Index fell 0.4%, with notable losses in Hong Kong, mainland China, and South Korea. […]
Oil Rises After Israeli Strikes and Call to Halt Libyan Exports Oil advanced after an Israeli strike on Hezbollah targets in southern Lebanon raised tensions in the Middle East and Libya’s eastern government said it will halt exports. Global benchmark Brent traded near $81 a barrel, while West Texas Intermediate climbed past $76. Israel sent […]
Oil Prices Surge on Middle East Tensions and U.S. Rate Cut Hopes On Monday, oil prices continued to rise due to concerns that escalating violence from the Gaza conflict might impact oil supplies in the Middle East. Additionally, anticipated cuts in U.S. interest rates improved global economic prospects and increased expectations for fuel demand. In […]
US Dollar Drops as Markets Await Powell’s Speech at Jackson Hole The US dollar declined against major currencies early Friday as market focus shifts to Federal Reserve Chairman Jerome Powell’s upcoming keynote address at the Jackson Hole Symposium. Historically, this event has been a platform for signaling potential shifts in monetary policy. With recent soft […]
Yen Strengthens as BOJ Signals Rate Hike Path; Asian Stocks Mixed Ahead of Powell’s Speech The yen led gains among G-10 currencies, rising 0.5% to 145.62 per dollar after Bank of Japan Governor Kazuo Ueda indicated possible further interest rate hikes if economic conditions align. Japanese bond futures fell, and stocks fluctuated as traders assessed […]
US Dollar Mixed as Markets Await Economic Data and Jackson Hole Symposium The US dollar showed mixed performance against major currencies early Thursday, rising against the euro and yen while falling against the pound and Canadian dollar. This comes ahead of a busy day of economic data releases and the start of the Federal Reserve’s […]
Asian Stocks Retreat as Caution Grows Ahead of Fed and Bank of Japan Decisions Gold steadied around $2,510 per ounce on Thursday, remaining near record highs as markets digested the Fed’s dovish stance highlighted in the recent FOMC minutes. Most policymakers indicated that if economic data met expectations, easing policy in September would be appropriate. […]
Fed Minutes to Reveal Debate Over July Rate Cut; U.S. Oil Export Growth Slows Fed minutes to show depth of debate over a July rate cut While the focus is now on September for the start of Federal Reserve interest rate cuts, at least some U.S. central bankers were keen to get the debate about […]
Asian Stocks Fall as Investors Await US Economic Data and Fed Signals Market momentum hit a snag as Asian shares fell on Wednesday, interrupting the S&P 500’s rally just before it could match a 20-year winning streak. Investors are back to assessing recession risks and U.S. political dynamics, with Barack Obama re-emerging to support Kamala […]