Stocks tick up while yen slips in calm before US data – 13 Aug
Index Last Change % Change trading lower Dow Jones Industrial Average .DJI 39,357.01 -140.53 –0.36%Negative trading higher Nasdaq Composite Index .IXIC 16,780.61 +35.31 +0.21%Positive trading higher S&P 500 Index .SPX 5,344.39 +0.23 +0.00%Positive Source: LSEG, opens new tab – data delayed by at least 15 minutes Asia market summary U.S. CPI, retail data to refine outlook for […]
Volatility shock fades, India CPI on deck – 12 Aug
A week is not just a long time in politics. Seven days ago a huge unwind in the yen carry trade and selloff in megacap U.S. tech triggered a wave of volatility that sent global markets reeling and investors running for the safety of U.S. Treasuries. As the new trading week gets underway in Asia on Monday, that seems a […]
Gold eases as dollar, yields firm; Fed rate cut hopes lend support 7 Aug
Investors in Asia will be hoping that the recovery in global sentiment and risk assets on Tuesday extends into Wednesday, although the rebound in U.S. bond yields and the dollar may cool some of that optimism. Nothing epitomized ‘Turnaround Tuesday’ more than the whoosh in Japanese stocks – a day after tumbling 12% in their second biggest fall on record, stocks rallied […]
Asia Morning 5 Aug
Asian markets on Monday get their first chance to react to the extraordinary market moves on Friday that saw stocks and bond yields tumble, and volatility and rate cut expectations soar following an unexpectedly soft U.S. employment report. That ‘risk off’ sentiment and momentum is sure to spill over into Asia, which was already wobbling last week after the Bank of Japan‘s hawkish […]
Fed left rates unchanged
After an unexpectedly bold move from the Bank of Japan, the Federal Reserve indicating that U.S. rates are about to come down, and an explosive rise in U.S. megacap stocks on Wednesday, investors may be in need of some respite on Thursday. Good luck with that. Aside from the continuing ripples across all asset classes from the BOJ, Fed […]
Asia Morning 29 Jul, bracing for volatility
Asia Morning 29 Jul, bracing for volatility Asia on Monday kicks off a pivotal week for world markets which includes policy decisions from the Bank of Japan and Federal Reserve, U.S. employment data, inflation numbers from Australia and South Korea, and purchasing managers index reports from around the world. Coming on the heels of the previous week’s volatility, […]
U.S. economy grew at a 2.8% pace in the second quarter, more than expected 26 Jul
Stock Market News Southwest to get rid of open seating, offer extra legroom in biggest shift in its history – CNBC U.S. economy grew at a 2.8% pace in the second quarter, more than expected – CNBC OpenAI tests ‘SearchGPT’ prototype as direct challenge to Google search engine – New York Post American forecasts lower unit revenue, […]
Asia Morning 26 Jul
Snapshot of market data. For more Asian market news, click here. U.S. stock markets tried to steady from their epic one-day shakeout before giving it up late in the day, amid jitters about AI earnings potential that deflated megacaps, and, thus, the whole market on Wednesday. The S&P 500 and Nasdaq rallied during the session, […]
Asia Morning 25 Jul
Brace for fallout from a megacap-led wipe out. A rethink of the earnings picture for hyped up AI and Magnificent seven stocks turned a run on Alphabet and Tesla into a Wall Street rout. Combine that with concerns about Chinese and global growth that heaped pressure on commodity linked currencies and you have the […]
GM beats second-quarter expectations, raises forecast again
Stock Market News Ether ETFs appear set to launch on Tuesday, six months after massive debut for bitcoin funds – CNBC Republican representatives call on CrowdStrike CEO George Kurtz to testify – CNBC Lockheed Martin lifts 2024 sales target on fighter jet, missile demand – Reuters Cloud security startup Wiz walks away from $23B Google acquisition on antitrust […]
