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- Submitted Apr 4, 2023|From monetamarkets.com|1 comment
Asian equity market performance is mixed today but in most cases the moves are relatively small. The oil price has continued to climb after OPEC’s announcement of a cut in production. However, so far the bounce has only taken prices back to their ...
- Submitted Mar 23, 2023|From monetamarkets.com
Price action in Asian markets was driven by the Fed’s decision last night to raise interest rates by 25bp to 4.75-5.00%. Fed policymakers’ forecasts still point to one more rate hike, but it seems that they are close to a ‘pause’ in tightening. ...
- Submitted Mar 22, 2023|From monetamarkets.com|1 comment
Asian equity markets are again up this morning following gains in US and European markets yesterday. That suggests markets are more hopeful that the recent problems revealed at some banks will not prove to be widespread. In the UK, ahead of a ...
- Submitted Jan 10, 2023|From monetamarkets.com|3 comments
There was renewed caution during the Asia-Pacific trading session after the recent rally in stock markets as investors await Thursday’s key US CPI inflation data. The Nikkei is higher as it plays catch-up after reopening from a public holiday in ...
- Submitted Dec 8, 2022|From monetamarkets.com
Asian equity markets mostly remained on the back foot following a fifth consecutive daily fall in the US S&P 500 index. Concerns remained about the global economic outlook, while safe-haven demand was also supported by warnings from Russian ...
- Submitted Dec 2, 2022|From monetamarkets.com|1 comment
Asian equity markets are lower this morning showing caution ahead of some key US data. US Federal Reserve policymaker Williams reaffirmed the guidance made by other Fed officials that interest rates will need to go higher to control inflationary ...
- Submitted Nov 30, 2022|From monetamarkets.com
Asian equity indices are mixed, trading lower in Japan and China but higher in most other parts of the continent, as investors continue to assess the Covid situation in China. China’s November official PMIs were weaker than expected and remained in ...
- Submitted Nov 28, 2022|From monetamarkets.com
Equities across the Far East have tumbled overnight in response to growing unrest over Covid restrictions in China. Concerns that rising case numbers and ongoing protests could lead to further supply chain disruption and dampen consumption are ...
- Submitted Nov 25, 2022|From monetamarkets.com|1 comment
Asian markets are mixed to lower amid subdued trading as investors assess prospects for further, but potentially slower, interest rate hikes among major central banks, as well as rising Covid case numbers in parts of China. Japan reported higher ...
- Submitted Nov 24, 2022|From monetamarkets.com
Asian equity markets are generally up this morning following gains in European and US markets yesterday. Minutes from the November US Federal monetary policy confirmed that policymakers now favour slowing the pace of US interest rate increases. ...
- Submitted Nov 22, 2022|From monetamarkets.com|1 comment
Asian equity market performance is mixed this morning. Chinese indices led the underperformers as concerns about the rising numbers of Covid cases remained a factor. Comments from some US Federal Reserve and European Central Bank policymakers ...
- Submitted Nov 15, 2022|From monetamarkets.com|3 comments
Asian equity markets are mostly higher overnight, especially in Hong Kong and China, supported by reports of easing US-China tensions, liquidity injections by the Chinese central bank and more optimism regarding the country’s property sector and ...
- Submitted Nov 14, 2022|From monetamarkets.com
Following strong gains in equities last week, markets across Asia are a little mixed overnight, in part due to comments from US Fed policymaker Waller that stocks had overreacted to last week’s US inflation data and that interest rates had ‘a way to ...
- Submitted Nov 10, 2022|From monetamarkets.com
Asian equity markets were in negative territory ahead of today’s key US inflation figures, following the US S&P 500 index closing more than 2% lower which erased most of its recent gains. Sentiment in Asia was weighed by a confluence of factors ...
- Submitted Nov 7, 2022|From monetamarkets.com|1 comment
Over the weekend China authorities reaffirmed a commitment to their zero Covid policy stance. This follows the recent increase in the reported number of infections, which on Sunday rose to the highest level since May. Latest economic data for China ...
- Submitted Nov 1, 2022|From monetamarkets.com
Asian equity markets traded higher, led by the rebound in Chinese tech stocks, with the Hang Seng index gaining more than 5%. The Reserve Bank of Australia raised interest rates by 25bp to 2.85%, as expected. China’s Caixin manufacturing PMI rose ...
- Submitted Oct 11, 2022|From monetamarkets.com
Gold prices took a sharp U-turn and reclaim $1,680 on Tuesday. Fundamentally, there is no major shift in the paradigm from a broader perspective, but a short-term recovery is seen in the U.S trading session. The oversold market structure amid short ...
- Submitted Oct 6, 2022|From monetamarkets.com
EUR/ GBP continues to harness the gains for the past three sessions. The pair recorded a jump of 138-pip from the key support level near 0.8630. The move is primarily sponsored by a fundamentally weak Great Britain pound. In recent developments, ...
- Submitted Sep 20, 2022|From monetamarkets.com
The Lonnie weakened to its lowest levels in the last two-year against the greenback on Tuesday. Canadian stocks tumbled more than 1%. Investors refrained from placing aggressive bids following a bit cooler inflation readings and a Federal Reserve ...
- Submitted Sep 14, 2022|From monetamarkets.com
Gold price trades negatively for the second straight day and breaks the $1,700 level. The precious metal remained pressured following the previous session’s rout. Despite, a weakness in the U.S dollar, the yellow metal failed to revive. The market ...