Dow Futures Trade Steady, After Nasdaq Posts 3-Session Win Streak
U.S. stock futures were trading in a tight range during Tuesday’s evening session, after major benchmark averages finished higher as investors continue their rotation toward tech stocks ahead of key CPI data and major bank earnings later this week. By 18:30 ET (23:30 GMT)...
Chinese Yuan hits 4-Mth High on Reopening cheer, U.S. Payrolls Awaited
The Chinese yuan jumped to a four-month high on Friday as markets bet on a strong economic boost from China reopening its borders this month, while broader Asian currencies were flat as focus turned to key U.S. payrolls data for more cues on the...
Gold Steadies Ahead of Fed Minutes, Copper Slammed By China Fears
Gold prices hovered around six-month highs on Wednesday, cutting short a recent rally as traders bought back into the dollar in anticipation of more cues on monetary policy from the minutes of the Federal Reserve’s December meeting. The yellow metal marked a strong start...
Asia FX Steadies as Dollar Rebound Slows Ahead of Fed Minutes
Most Asian currencies rose slightly on Wednesday as a recovery in the dollar appeared to have run out of steam, with markets now awaiting fresh cues on U.S. monetary policy from the minutes of the Federal Reserve’s December meeting. Regional currencies came under pressure...
China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin
Chinese manufacturing activity shrank for a fifth straight month in December, a private survey showed on Tuesday, as the country grappled with an unprecedented spike in COVID-19 cases after it relaxed some restrictions intended to prevent the spread of the virus. The Caixin Manufacturing...
Dow Futures Tick Higher, Fed Minutes In Focus
U.S. stock futures were trading higher during Monday’s evening deals, with market participants looking ahead to a busy week of economic data and the release of the U.S. Federal Reserve’s latest meeting minutes. By 6:356pm ET (11:35pm GMT) Dow Jones Futures and S&P 500...
Philippines Main Airport Scrambles To Restore Normalcy After Power Cut
The Philippines' main gateway remained on reduced operations on Monday after a New Year power outage that jolted its air traffic control, with authorities scrambling to resume full service after more than 300 flights were disrupted. The ageing Ninoy Aquino international airport was early...
Analysis-Modi’s Popularity Key to Selling cut in Food Aid Ahead of Indian Elections
Indian Prime Minister Narendra Modi's move to effectively halve food rations to the poor ahead of state polls next year and a general election in 2024 is fiscally sound, but politically much depends on whether the charismatic leader can sell it to voters. Subsidised...
Oil Extends Rally as U.S. Supplies Tighten Ahead of Demand-Heavy Holidays
Oil prices extended gains into a fourth straight session on Thursday after inventory data showed that U.S. supplies remained tight ahead of a demand-heavy holiday season, although caution ahead of key economic readings kept gains limited. Data on Wednesday showed that U.S. crude inventories...
Asia FX Weakens as Dollar Steadies from BOJ Shock, Yen Slips
Most Asian currencies fell on Wednesday as the dollar steadied from a sharp tumble against the yen, while the Japanese currency retreated slightly from a four-month high as markets digested a surprise policy shift by the Bank of Japan. The yen fell 0.3% to...