Submitted Aug 22, 2023|From monetamarkets.com

Gold saw a minor rise of 0.2% against the dollar in the previous session. The RSI suggests a negative trend in line with the broader technical analysis. chart The euro notched a slight 0.1% rise against the dollar in the preceding trading ...

Submitted Aug 18, 2023|From monetamarkets.com

Asia-Pacific equity markets are down this morning following falls in US and European markets yesterday. A gauge of Asian stocks has now fallen for six sessions in a row and is on course to record its worst weekly performance out of the last eight. ...

Submitted Aug 17, 2023|From monetamarkets.com

Asian equity markets remain under pressure after yesterday evening’s Fed minutes of the July meeting pointed to inflation risks and the possibility of further interest rate hikes. Concerns about China’s economic prospects, including its property ...

Submitted Aug 14, 2023|From monetamarkets.com

Most Asia-Pacific equity markets are down by 1% or more this morning reflecting concerns about global economic growth prospects. Australia’s central bank left the policy rate unchanged at 4.1% and hinted that interest rates may have peaked. ...

Submitted Aug 11, 2023|From monetamarkets.com|1 comment

President Biden signed an executive order restricting some US investments in China, including into technology surrounding semi-conductors and artificial intelligence. Chinese equity markets fell on the news. Energy commodity prices rose with oil ...

Submitted Aug 9, 2023|From monetamarkets.com

Asia-Pacific equity markets are mostly down this morning following declines in European and US markets yesterday. China CPI data for July showed the annual rate of inflation below zero for the first time since February 2021, although core inflation ...

Submitted Aug 7, 2023|From monetamarkets.com

Stocks across the Asia-Pacific region were trading mixed as market participants continue to debate whether further interest rate increases were forthcoming or not, particularly following last Friday’s mixed US labour market report. In Germany, the ...

Submitted Aug 4, 2023|From monetamarkets.com

Asia-Pacific equity markets are mostly up this morning despite declines in European and US markets yesterday. The announcement by the Chinese central bank that it would step up its stimulatory measures may have provided support. Meanwhile in ...

Submitted Jul 27, 2023|From monetamarkets.com

Asian equity markets rose following last night’s decision by the US Federal Reserve to raise interest rates. The outcome was widely expected, with the 25bps hike taking the policy interest rate range up to 5.25-5.50%, a 22-year high. The key focus ...

Submitted Jul 5, 2023|From monetamarkets.com

Asia-Pacific stock markets are lower this morning with the biggest falls being seen in Chinese indices. In the latest indication that the post-restriction rebound in China’s economy is fading, the Caixin services PMI fell by more than expected in ...

Submitted Jun 9, 2023|From monetamarkets.com

Asian equity markets are mostly up this morning and seem on course for a second consecutive week of gains. China May price data showed a modest rise in annual CPI inflation to 0.2% from 0.1% in April, while the producer price measure fell 4.6% year ...

Submitted Jun 7, 2023|From monetamarkets.com

Asian equity markets are mixed this morning. Japanese indices are down sharply and China is close to unchanged but some other markets have posted decent gains. Chinese May trade numbers showed a combination of much weaker than expected export growth ...

Submitted Jun 5, 2023|From monetamarkets.com

Equities across Asia were mostly trading higher at the start of the new week, helped by better-than-expected news from China’s services sector. The Caixin services PMI for May jumped to 57.1 from 56.4 in April, easing some concern over the health of ...

Submitted May 31, 2023|From monetamarkets.com

Asian equity markets are down this morning possibly reflecting disappointing China PMI data. In a sign that the post-restrictions rebound is petering out, the manufacturing index slipped to 48.8 (from 49.2 in April), although more positively the ...

Submitted May 26, 2023|From monetamarkets.com

Asian equity markets mostly firmed, following the AI tech-inspired rally in the US. Meanwhile, there were reports that an agreement on the US debt ceiling issue was getting closer, with details suggesting an increase in the debt limit and a cap on ...

Submitted May 23, 2023|From monetamarkets.com

Asian equity market performance is mixed this morning as uncertainty persists about economic conditions. US President Biden and Congressional House Speaker McCarthy described talks on raising the Federal debt ceiling as “productive”. However, no ...

Submitted May 19, 2023|From monetamarkets.com

Equity markets in the Asia-Pacific region increased, encouraged by hopes of a near-term resolution in US debt ceiling negotiations to avoid a debt default. Japan’s Nikkei index rose to a new 33-year high. The exception to the positive risk tone was ...

Submitted May 12, 2023|From monetamarkets.com

Equities across Asia were mixed as investors weighed up signs of cooling in the US jobs market – following yesterday’s above expectation rise in jobless claims – against efforts being made by the US and China to ease rising tensions between the two ...

Submitted May 1, 2023|From monetamarkets.com

The Reserve Bank of Australia has reported a sharp fall in the index of commodity prices in Australia, which dropped by 19.2% in SDR terms in April 2023. This decline represents the largest drop since February 2016, primarily driven by lower coking ...

Submitted Apr 7, 2023|From monetamarkets.com|1 comment

On Wednesday, the ADP Private Payrolls report for the US was released, revealing a deceleration in job growth in March compared to the previous month. The report indicated that 145,000 private sector jobs were added in March, which is significantly ...