China cuts loan prime rate slightly more than expected
The People’s Bank of China cut its benchmark loan prime rate by slightly more than expected on Monday, with the cut coming amid a flurry of measures from Beijing to shore up economic growth. The PBOC cut its one-year LPR to 3.10% from 3.35%, slightly more than expectations it would cut the rate…
Dollar buoyant, equities cautious ahead of China data
The dollar hovered close to an 11-week high versus major peers on Friday after robust U.S. economic data allowed for a more patient path of Federal Reserve easing. Asian stocks were mixed, with Japan’s Nikkei rallying amid a weaker yen, while other markets looked ahead cautiously to a barrage of top-tier Chinese economic…
US stock futures edge lower with TSMC earnings on tap
U.S. stock index futures fell slightly in evening deals on Wednesday, with technology shares steady before closely watched earnings from chipmaking giant TSMC, which are set to offer more cues on the artificial intelligence trade. Futures steadied after a positive session on Wall Street, with U.S. stock benchmarks remaining close to record highs…
US stock futures steady after tech losses batter Wall St; earnings in focus
U.S. stock index futures steadied in evening deals on Tuesday after losses in technology stocks- triggered by weak earnings from chipmaking bellwether ASML- dragged Wall Street off record highs. Focus remained on more corporate results, with the third-quarter earnings season set to continue this week. S&P 500 Futures steadied at 5,863.75 points, while…
Gold prices muted; copper weakens as China stimulus underwhelms
Gold prices steadied in Asian trade on Monday as traders awaited more cues on U.S. interest rates from a string of Federal Reserve speakers this week, while bets on a November cut persisted. Among industrial metals, copper prices dipped as signals on fiscal stimulus in top importer China largely underwhelmed, while weak inflation…
Global Forex and Fixed Income Roundup: Market Talk
The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day. 0248 GMT – Singapore’s central bank is likely to keep policy settings unchanged at its meeting Monday, according to all nine economists and analysts surveyed by The Wall Street Journal. That would mark the sixth…
Asia stocks edge higher with CPI in focus; China falls past fiscal stimulus talk
Most Asian stocks drifted higher on Thursday with focus on key U.S. inflation data for more cues on interest rates, while Chinese markets surged after Beijing flagged plans for more fiscal stimulus measures. Regional markets took a positive lead-in from Wall Street, where the Dow Jones Industrial Average hit a record closing high…
Japan leads Asia stock rally, dollar gains after blowout US payrolls
Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after blowout U.S. labour data dispelled fears of a recession and spurred a sharp paring of rate-cut bets. Short-term U.S. Treasury yields rose after the closely watched non-farm payrolls report on Friday showed the economy unexpectedly added…
Dollar poised for largest weekly gain since April, jobs report in focus
The dollar hung around a six-week high on Friday, set for its biggest weekly gain since April due to safe-haven demand on rising Middle East tensions. Market activity is expected to be subdued ahead of U.S. non-farm payrolls figures – due later in the day – which will help shape the Federal Reserve’s…
Asian stocks rise as China cheer persists; Tech tracks US rally
Most Asian stocks rose on Thursday amid persistent cheer over stimulus measures in China, while technology stocks- particularly chipmakers- rallied tracking strong earnings from U.S. peer Micron. Regional markets shrugged off a weak overnight session on Wall Street, where U.S. stock indexes fell from record highs amid anticipation of more cues from the…
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