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…
Asian stocks rise, China rallies further on stimulus cheer
Most Asian stocks rose on Wednesday, with Chinese markets seeing outsized gains after Beijing unveiled a string of new stimulus measures aimed at shoring up economic growth. Regional markets took a positive lead-in from Wall Street, where strength in technology stocks pushed the S&P 500 and the Dow Jones Industrial Average to record…
US stock index futures steady as rate cut cheer cools; More Fed cues awaited
U.S. stock index futures moved little in evening deals on Sunday as a rally on the back of a bumper interest rate cut petered out, with focus turning to a slew of more signals from the Federal Reserve this week. Wall Street indexes had rallied to record highs last week after the Fed…
Japan CPI inflation hits 10-mth high in August; BOJ meeting approaches
Japanese consumer price index inflation rose as expected in August amid a sustained pick-up in consumption on higher wages, with the reading coming just before a Bank of Japan meeting later in the day. Core CPI, which excludes volatile fresh food prices, rose 2.8% year-on-year to a 10-month high in August, government data…
US stock index futures rise after Fed cuts rates by 50 bps
U.S. stock index futures rose in evening deals on Wednesday after the Federal Reserve cut rates by a wider 50 basis points and kicked off an easing cycle that is likely to see rates fall further. Futures rose after Wall Street logged a choppy session, given that the large cut also raised some…
Currencies listless as markets waffle over Fed rate cut
The yen lounged around its highest levels for the year on Monday in trading thinned by a holiday in Japan, as market participants vacillated over the expected size of the Federal Reserve’s almost-certain rate cut later this week. Trading in Asia was slow, with markets in Japan, China and South Korea closed for…
Dollar drops, gold near record high as bets for big Fed cut ramp up
Investors on September 13 ratcheted up bets for a super-sized Federal Reserve interest rate cut next week, after media reports suggested the decision would be a closer call for officials than previously thought. Traders raised bets back to 39% for a 50-basis point reduction on September 18, according to LSEG data, from about…
Asian stocks rise as tech tracks Nvidia rally; Japan surges on soft inflation
Most Asian stocks rose on Thursday with technology shares tracking an overnight rally in market darling Nvidia, while Japanese markets soared as a soft reading on producer inflation undermined hawkish signals from the Bank of Japan. Regional technology stocks rallied after their U.S. peers as NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang talked up…
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