Gold prices edge up, remains pressured by strong dollar after hawkish Fed
Gold prices edged higher in Asian trade on Tuesday, extending their tepid performance as investors still remained cautious with the rising dollar following the U.S. Federal Reserve’s hawkish tilt. Traders also refrained from placing large bets ahead of a shortened trading week due to the Christmas holiday. Spot Gold inched up 0.2% to…
Bank of America, Goldman Sachs starts Pony AI at ‘buy’
Bank of America initiated coverage of Pony AI with a “buy” rating and a price objective of $18, implying a 37% upside. Goldman Sachs started on the stock with “buy” rating, with a price target of $19.60. The China-based autonomous mobility company, founded in 2016, operates 250 robotaxis and 190 robotrucks. It is…
Asia stocks skittish amid hawkish Fed jitters; Japan shares rise past strong CPI
Most Asian stocks moved in a flat-to-low range on Friday and were nursing steep losses this week as the prospect of a slower fall in U.S. interest rates eroded risk appetite. Japanese markets were an exception, rising slightly even as stronger than expected consumer inflation data highlighted the potential for more interest rate…
US stock futures steady after Wall St tumbles on prospect of fewer Fed rate cuts
U.S. stock index futures steadied on Wednesday evening after a sharp fall on Wall Street as the Federal Reserve lowered interest rates as expected but indicated a slower pace of easing in 2025. Federal Reserve officials lowered interest rates for the third time in a row on Wednesday but projected fewer cuts in…
Asia FX muted, dollar steady as Fed rate decision looms
Most Asian currencies moved in a tight range on Wednesday, while the dollar remained near three week highs as traders hunkered down in anticipation of more cues on interest rates from the Federal Reserve. Reports of more fiscal spending in China did little to improve sentiment towards regional currencies, with the yuan hovering…
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…
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