US stock futures muted after Wall St sinks on tech losses; CPI awaited
U.S. stock index futures moved little on Monday evening, steadying after a sharp pullback in technology stocks dragged Wall Street off record highs, with focus remaining on key upcoming inflation data. Risk sentiment was also rattled by heightened geopolitical uncertainty over a regime change in Syria, as the Bashar al-Assad government was overthrown…
Asia FX dips as South Korea political crisis, Middle East tensions weigh
Most Asian currencies drifted lower on Monday with the South Korean won leading losses amid an intensified political crisis in the country, while the U.S. dollar was largely steady ahead of a key inflation report due this week. Investors’ appetite for riskier assets was also eroded by geopolitical tensions in the Middle East,…
World Bank wins pledges for $100 billion replenishment of fund for poorest countries
By David Lawder WASHINGTON (Reuters) – Donor countries have pledged a record $100 billion three-year replenishment of the World Bank’s fund for the poorest nations, providing a vital lifeline for their struggles against crushing debts, climate disasters, inflation and conflict. The World Bank made the announcement early on Friday in Seoul at a…
Chinese stocks lose foreign inflows amid rising investor caution – Morgan Stanley
Foreign investment in Chinese equities reversed course in November, marking the end of a brief two-month period of net inflows, highlighting ongoing caution among global investors, according to Morgan Stanley (NYSE:MS). Overseas funds recorded total outflows of $7.5 billion during November. Passive funds, which had brought in $11.9 billion in October, shifted to…
US stock futures steady with Fed, rate cues in focus
U.S. stock index futures moved little on Monday evening after technology stocks spurred a positive session on Wall Street, with focus turning to more key signals on interest rates due this week. Gains in tech helped markets weather threats of more tariff action from President-elect Donald Trump, who threatened to impose steep tariffs…
Latest US clampdown on China’s chips hits semiconductor toolmakers
The United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies, including chip equipment maker Naura Technology Group, among other moves. The effort to hobble Beijing’s chipmaking ambitions also hits Chinese chip toolmakers Piotech, ACM Research (NASDAQ:ACMR) and SiCarrier Technology with new export…
Japanese yen soars to 1-mth high as Tokyo CPI fuels BOJ rate hike bets
The Japanese yen hit its strongest level against the dollar in just over a month on Friday as higher-than-expected inflation data from Tokyo reinforced expectations for a December rate hike by the Bank of Japan. The yen’s USD/JPY pair- which gauges the amount of yen needed to buy one dollar- sank around 1%…
US stock futures muted after tech losses, rate uncertainty dent Wall St
U.S. stock index futures steadied on Wednesday evening following a negative session on Wall Street as weak earnings and increased regulatory jitters dented technology shares. Investors also grew more uncertain over the outlook for interest rates after a batch of strong data showed resilience in the economy. Sentiment was especially peeved by a…
US stock futures rise as Trump picks Bessent for Treasury role
U.S. stock index futures rose in evening deals on Sunday as Wall Street appeared to be relieved by President-elect Donald Trump nominating prominent investor Scott Bessent as Treasury Secretary. Futures were buoyed by a persistent rotation into cyclical and economically sensitive stocks, as markets positioned for more expansionary policies under Trump. But overall…
Asia stocks rise on tech gains; China LPR, Japan inflation in focus
Most Asian stocks rose on Tuesday with local technology stocks tracking overnight strength in their U.S. peers, with focus this week squarely on an interest rate decision in China and Japanese inflation data. Regional markets took some positive cues from Wall Street, as a rally in major tech stocks, led by Tesla (NASDAQ:TSLA),…
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