Description: Asian stocks bucked the global trend to extend a rally on Thursday, fuelled by persistent optimism over China’s aggressive stimulus package, although there were signs some of that enthusiasm was starting to ebb. The sea of green across equities…
Description: Australian consumer price inflation slowed to a three-year low in August thanks to government rebates on electricity, while core inflation hit its lowest since early 2022 in welcome progress that could open the door to rate cuts. Market reaction…
Description: Chinese stocks surged on Wednesday, lifting regional markets and helping extend a stimulus-fueled global rally that also underpinned risk-sensitive currencies, while Brent crude hovered near a three-week high. The dollar drooped after weak U.S. macroeconomic data overnight boosted the…
Description: Asian stocks rose on Tuesday to their highest in more than two and half years, boosted by a slew of Chinese stimulus measures while expectations for more U.S. rate cuts kept risk sentiment aloft and the dollar under pressure.…
Description: Asian stocks firmed on Monday ahead of central bank meetings that are widely expected to deliver two more rate cuts and key U.S. inflation figures that should flash a green light for more easing there. China’s central bank surprised…
Description: Asian shares extended their rally on Friday, bathing in the afterglow of an outsized interest rate cut in the United States, while the yen was jittery ahead of a monetary policy decision in Japan as traders look for clues…
Description: The dollar bounced, long-dated bond yields were up and Asian stocks mostly rose after the U.S. Federal Reserve began its easing cycle with a large rate cut, though it tempered that with a balanced outlook as it seeks to…
Description: Asian stocks wobbled on Tuesday while the dollar and U.S. Treasury yields came under pressure, with just a day to go before the expected start of the Federal Reserve’s easing cycle that could see policymakers deliver an outsized rate…
Description: Asian stocks made a cautious start on Monday in a week that is almost certain to see the start of an easing cycle in the United States with the only question mark being the size of the cut, with…
Description: The dollar on Friday slumped against the yen while gold hit an all-time peak as investors ratcheted up bets for a super-sized Federal Reserve interest rate cut next week after media reports suggested the decision was a tough one…
Description: Political tensions, China’s slowing economic growth and fierce domestic competition are sapping the confidence of U.S. businesses in the country, with optimism about their five-year outlook falling to a record low, a survey showed. Only 47% of U.S. firms…
Description: 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…
Description: European firms in China doubt the government has a credible plan to boost demand in the ailing economy or will carry out long-promised reforms, diminishing their appetite to invest in the country, a European business lobby group said on…
Description: Asian stocks wobbled on Wednesday as investors gear up for U.S. inflation data and an eagerly awaited U.S. presidential debate, while oil prices loitered around three-year lows on concerns over a weak demand outlook. Democratic Vice President Kamala Harris…
Description: Australian business conditions fell to the lowest in 2-1/2 years in August with the outlook for jobs taking a hit, a survey showed on Tuesday, while there was mixed news on inflation pressures subsiding. The survey from National Australia…
Description: Australia’s prudential regulator proposed to replace bank hybrid bonds with more reliable and less expensive forms of capital on Tuesday, as rising ownership of hybrid securities among retail investors poses a financial stability risk. The Australian Prudential Regulation Authority…
Description: Asian stocks reversed early losses to rise marginally on Tuesday following Wall Street’s overnight rally, though concerns about a still-struggling Chinese economy kept sentiment in check. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was last up 0.2%,…
Description: Asian share markets slid on Monday after worries about a possible U.S. economic downturn slugged Wall Street, though U.S. stock futures did rally from an early dip and bond yields came off their lows. Data on consumer prices (CPI)…
Description: 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…
Description: 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…
