US stock futures drift lower with Fed rate decision in focus
U.S. stock index futures fell slightly on Monday evening as investors remained cautious before a Federal Reserve meeting this week, where the central bank is expected to cut rates but signal a slower pace of easing. Futures steadied after a rally in technology stocks sparked some strength on Wall Street, with the Nasdaq…
Asia stocks fall ahead of US Fed rate decision, China shares drop on weak data
Most Asian stocks fell on Monday ahead of a U.S. Federal Reserve interest rate decision this week, while Chinese shares declined as weaker-than-expected retail sales data raised fresh concerns about the world’s second-largest economy. The U.S. Fed is set to cut its key interest rate by 25 basis points on Wednesday. However, markets…
Asia stocks rise as US inflation cements rate cut bets, China policy meet in focus
Most major Asian stocks rose on Thursday tracking an overnight rally in technology shares on Wall Street, as U.S. inflation data cemented bets for an interest rate cut by the Federal Reserve next week. U.S. consumer price index data on Wednesday showed inflation rose at its fastest pace in seven months in November,…
European momentum starting to show cracks, Barclays says
European markets in November rebounded after an initial selloff triggered by the US elections, although factor performance, with the exception of Momentum, remained relatively subdued. Barclays (LON:BARC) strategists had maintained a Positive stance on the Momentum style for most of the year but downgraded it to Neutral before the US elections. This decision…
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…
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