Category: World

Asia’s stockmarkets were steady but fragile on Thursday, a day after their biggest drawdown in three months as investors weighed the risk of the Federal Reserve announcing a 100 basis point interest rate hike next week to tackle sticky inflation. The Japanese yen loitered just above recent lows, riding a boost from the strongest hints […]

Representative Image Wall Street ended a directionless session higher on Wednesday as an on-target inflation report largely stanched the flow of Tuesday’s sell-off and investors pressed the “pause” button. All three indexes wavered throughout the day, but ultimately ended in positive territory. They all failed to meaningfully recover ground lost in Tuesday’s carnage, which wrought […]

Editor’s note (September 14th 2022): This story has been update to include markets’ reaction. It had been hoped that America’s latest inflation report would bring good news. Headline annual inflation has been falling from the peak of 9.1% lodged in June, and economists expected that August would bring a second consecutive month of only modest […]

Representative Image A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the coming months. All three major U.S. stock indexes veered sharply lower, snapping four-day winning streaks and notching their biggest one-day percentage drops since […]

Asian shares tumbled, the dollar held firm and the U.S. yield curve was deeply inverted on Wednesday, as a white-hot U.S. inflation report dashed hopes for a peak in inflation and fuelled bets that interest rates may have to be raised higher and for longer. U.S. Labor Department data showed on Tuesday the headline Consumer […]

The white house used to dread monthly inflation reports, each one worse than the previous, each another blow to President Joe Biden’s popularity. Now the reports are less fearsome. In the latest release on September 13th, the consumer-price index for August rose by 8.3% year on year. But in month-on-month terms, prices rose just 0.1%. […]

The 120km train ride between the cities of Luoyang and Zhengzhou is a showcase of economic malaise and broken dreams. From the window endless, half-built residential towers pass one after another for the duration of the hour-long journey. Many of the buildings appear near completion; some are finished and have become homes to families. But […]

Asian stocks rose on Tuesday as traders in Korea returned from holidays in a mood to catch up on a global bounce, while other markets held steady ahead of U.S. inflation data that will offer a crucial guide to the interest rate outlook. Wall Street indexes posted a fourth straight session of gains overnight, while […]

Wall Street Wall Street extended its winning streak on Monday, rallying to a sharply higher close as investors awaited crucial inflation data that could provide clues about the duration and severity of the Federal Reserve’s tightening policy. Energy (.SPNY) and technology (.SPLRCT) shares helped the three major U.S. stock indexes touch two-week highs and notch their fourth straight session […]

Asian share markets rallied on Monday on hopes a key reading on U.S. inflation will show some cooling, while the U.S. dollar was restrained by the risk of higher European interest rates and Japanese intervention. Holidays in China and South Korea made for slow trading, while traders were unsure what implications Ukraine’s surprising success against […]

Asian share markets made cautious gains on Monday on hopes a key reading on U.S. inflation will show some cooling, while the U.S. dollar was restrained by the risk of higher European interest rates and Japanese intervention. Holidays in China and South Korea made for slow trading, while traders were unsure about what implications Ukraine’s […]

Halfway through the year, as commodity prices soared and stockmarkets plunged, it looked as if emerging-market stocks might do something they had managed only once in the past decade: to beat the returns of American ones. Two months on and the hope is gone. A small bounce in rich-world share prices means emerging-market underperformance will […]

Asian shares crept higher as the dollar eased, with markets turning calmer after a record interest rate hike from the European Central Bank and hawkish comments from the U.S. Federal Reserve Chair reinforced bets of aggressive tightening ahead. MSCI’s broadest index of Asia-Pacific shares outside Japan eked out a gain of 0.3% early on Friday. […]

Representative Image Wall Street’s main indexes posted gains on Thursday mainly lifted by financial institutions and healthcare companies, as investors digested hawkish remarks from policymakers that cemented bets of a large interest rate hike later this month. Indexes bounced back and forth in a choppy trading as concerns over Federal Reserve’s next steps to tame […]

Here are a few familiar descriptions of the dollar: “the cleanest shirt in the laundry basket”, “the least-ugly mug in a beauty contest”, “the one-eyed man in the kingdom of the blind”. Nobody, it seems, loves the dollar; they just really dislike the alternatives. And that aversion is only growing. The dxy, an index of […]

For more cryptocurrency coverage, read about the most powerful people in crypto and Sam Bankman-Fried of FTX, a cryptocurrency exchange. It is 2pm Universal Coordinated Time (utc) on August 18th and all over the world people are dialling in to a fortnightly “core developers” Zoom call, which is broadcast live on YouTube to anyone who […]

Asian stocks fell on Wednesday as investors failed to find any cheer in strong U.S. economic data and instead considered what it might mean for a hawkish Federal Reserve, with a surging dollar weighing heavily on regional currencies. Tracking Wall Street’s losses, MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 1.5% in early trading […]

Wall Street Wall Street’s main indexes closed lower on Tuesday, the first session after the U.S. Labor Day holiday and summer vacations, as traders assessed fresh economic data in volatile trading. A survey from the Institute for Supply Management (ISM) showed the U.S. services industry picked up in August for the second straight month amid […]