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),…
Shares rise ahead of Nvidia results; BOJ’s Ueda offers few rate hints
Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia (NASDAQ:NVDA), while in Japan, a speech from its central bank’s head left markets none the wiser on the country’s rate outlook. Bank of Japan Governor Kazuo Ueda reiterated on Monday the central bank will keep raising…
US stock futures steady after record-high run; CPI awaited
U.S. stock index futures steadied in evening deals on Monday after Wall Street hit a series of record highs on optimism over Donald Trump’s election victory, with focus now turning to upcoming inflation data this week. Futures steadied as a rally on Wall Street now appeared to be slowing, although benchmark indexes still…
Asia stocks upbeat after Fed rate cut; China stimulus awaited
Most Asian stocks rose on Friday, tracking strength in Wall Street after the Federal Reserve cut interest rates as expected, while anticipation of more fiscal stimulus in China also buoyed local markets. Regional markets took positive cues from a record-high close on the S&P 500 and the NASDAQ Composite, as markets were encouraged…
US stock futures steady after Trump victory spurs record highs; Fed in focus
U.S. stock index futures steadied in evening deals on Wednesday after Wall Street surged to record highs on Donald Trump winning the 2024 presidential election, with focus now shifting to the Federal Reserve. The central bank is widely expected to cut interest rates on Thursday. But its outlook on the path of interest…
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…
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