Author: World

Representative Image U.S. stocks ended up sharply on Wednesday, with the S&P 500 and Nasdaq gaining more than 1% each as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes. The much-anticipated report due on Thursday is projected by economists […]

Asian Markets Asian equities edged higher on Wednesday, while the dollar steadied as investors braced for U.S. inflation data that will influence the Federal Reserve’s interest rate policy. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.28% higher, while Japan’s Nikkei gained 1%. Australia’s S&P/ASX 200 index rose 0.80%. While China’s reopening from pandemic […]

Representative image (Source: Reuters) U.S. stocks ended solidly higher on Tuesday, led by a 1% gain in the Nasdaq, on relief that Federal Reserve Chair Jerome Powell refrained in a speech from commenting on rate policy. In his first public appearance of the year, Powell said at a forum sponsored by the Swedish central bank that the […]

Asian markets Asian shares fell on Tuesday following hawkish comments from two U.S. Federal Reserve officials overnight with investors turning cautious ahead of key inflation data, while China’s reopening after COVID-19 restrictions pushed commodities higher. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.02% in early trade. “The main theme overnight was cautiousness […]

Representative Image The S&P 500 index (.SPX) erased early gains to close nearly flat on Monday as expectations that the Federal Reserve will become less aggressive with its interest rate hikes were offset by lingering worries about inflation. The Dow ended lower, and the Nasdaq Composite (.IXIC) ended well off the day’s highs. Investors are awaiting comments Tuesday from […]

Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China’s borders bolstered the outlook for the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.5% to a five-month top, with South Korean shares gaining 2.1%. Chinese blue chips added 0.4%, while Hong Kong shares […]

Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China’s borders bolstered the outlook for the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.5% to a five-month top, with South Korean shares gaining 2.1%. Chinese blue chips added 0.4%, while Hong Kong shares […]

Wall Street’s main indexes all gained more than 2% on Friday after December payrolls expanded more than expected even as wage increases slowed and services activity contracted, easing worries about the Federal Reserve’s interest rate hiking path. US nonfarm payrolls rose by 223,000 jobs in December, Labor Department data showed, while a 0.3% rise in […]

Following are details of the price cuts Reuters January 06, 2023 / 02:56 PM IST Tesla Tesla cut electric car prices in China and other Asian markets on Friday, part of efforts to stoke demand for output from its Shanghai plant, a person with direct knowledge of the plan said. Following are details of the […]

Asian Markets Asian equities gained on Friday while the dollar hovered near a one-month high as investors braced for crucial U.S. jobs data later in the day that should provide clues on how aggressive the Federal Reserve will be in tightening policy. Japan’s Nikkei rose 0.39%, while South Korea’s Kospi jumped 0.77%. Australia’s stock benchmark […]

Asian markets Asian shares rose on Thursday on investor hopes for China’s emergence from the COVID-19 pandemic, while the dollar stayed under pressure even as the U.S. Federal Reserve had a warning against market bets on interest rate cuts this year. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1% to touch a four-month […]

Representative Image The S&P 500 finished higher on Wednesday but below its session peak after volatile trading following the release of minutes from the Federal Reserve’s last meeting, which showed officials laser-focused on controlling inflation even as they agreed to slow their interest rate hiking pace. Officials at the Fed’s Dec. 13-14 policy meeting agreed the U.S. […]

Asian equities rose on Wednesday, while the dollar was on the back foot after a steep spike overnight, with investors keenly awaiting minutes from the Federal Reserve’s most recent meeting to gauge the path forward for interest rates. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.91%, set for a third straight day of […]

Representative Image Wall Street’s main indexes closed lower on the first trading day of 2023 with the biggest drags from Tesla and Apple, while investors worried about the Federal Reserve’s interest-rate hiking path as they awaited minutes from its December meeting. Shares in electric vehicle maker Tesla Inc (TSLA.O) closed down 12% after hitting their lowest level […]

Asian share markets slipped on Tuesday amid concerns the rapid spread of coronavirus infections in China would further hurt economic growth and hinder global supply chains, even if opening up would be positive in the long run. MSCI’s broadest index of Asia-Pacific shares outside Japan fell another 1.3%, having lost a fifth of its value […]

Stock markets edged higher, European bond yields dropped and the dollar remained firm in light trading on Monday amid warnings from the International Monetary Fund’s managing director that a third of the world will fall into recession in 2023. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.06%, just short of an index of […]

Asian share markets fell along with oil prices on Thursday as soaring COVID cases in China unsettled investors who have been expecting the world’s second biggest economy to regather momentum after the relaxation of stringent COVID curbs. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1.06%, and was set for a third straight […]

Representative Image Wall Street ended lower at the beginning of a holiday-shortened week on Tuesday, as rising U.S. Treasury yields pressured interest rate sensitive megacap shares. Growth stocks (.IGX) dragged the tech-laden Nasdaq down the most. The S&P 500 joined the Nasdaq in negative territory, while value stocks helped the Dow hold on to nominal gains. “Higher […]