Asia stocks dip amid election jitters, China buoyed by positive PMI
Most Asian markets fell on Tuesday as traders remained largely risk-averse before a hotly contested U.S. presidential election later in the day, while Chinese markets were supported by strong business activity data. Focus was also on a meeting of China’s National People’s Congress this week, which is expected to yield more cues on…
US stock futures fall as elections, Fed meeting approach
U.S. stock index futures fell in evening deals on Sunday as anticipation of a tight presidential election and a Federal Reserve meeting later in the week kept investors averse towards risk-driven assets. Futures steadied after Wall Street tumbled from record highs last week, following a batch of strong economic prints, especially inflation, and…
Exclusive-Chinese researchers develop AI model for military use on back of Meta’s Llama
Top Chinese research institutions linked to the People’s Liberation Army have used Meta (NASDAQ:META)’s publicly available Llama model to develop an AI tool for potential military applications, according to academic papers and analysts. In a June paper reviewed by Reuters, six Chinese researchers from three institutions, including two under the People’s Liberation Army’s…
Asia stocks dip amid election uncertainty; Japan extends gains ahead of BOJ
Most Asian stocks fell on Wednesday as risk appetite was quashed by anticipation of a tight U.S. presidential election and a barrage of key economic readings this week. Japanese markets remained the outliers, extending recent gains as heightened political uncertainty in the country fueled more bets that the Bank of Japan will not…
European stocks mostly rise; Middle East tensions ease
European stock markets edged higher Monday, helped by the easing of geopolitical tensions in the Mddle East at the start of a week packed with event risks. At 04:10 ET (08:10 GMT), the DAX index in Germany traded 0.3% higher and the CAC 40 in France rose 0.5%, while the FTSE 100 in…
European stocks mixed; IMF report, quarterly earnings in focus
European stock markets traded in a mixed fashion Tuesday, as investors digested more third-quarter corporate earnings amid uncertainty over global growth and the future path of interest rates. At 03:10 ET (07:10 GMT), the DAX index in Germany traded 0.5% higher, while the CAC 40 in France fell 0.1% and the FTSE 100…
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…
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