Asian Stocks Slammed by Fed Rate Hike Risks
Asian stock markets sank on Wednesday, tracking overnight losses on Wall Street as investors awaited an interest rate hike and more hawkish signals from the Federal Reserve.
Hong Kong’s technology-heavy Hang Seng index continued to lag its peers, falling 1.5%, while Japan’s Nikkei 225 index lost 1.3%....
Global Food Security on The Edge as Russia Exits Grain Deal
How much of a price jump is harder to predict since the safe-passage deal was already set to expire in mid-November if no agreement is reached to extend it Traders are bracing for a fresh spike in grain prices after Russia’s exit from a...
Japan Extends Long Trade Deficit Run, Slow Chinese Demand Stokes Worry
Japan logged a trade deficit for a 16th straight month in November as imports surged to a record level, while subdued growth in exports to China fanned concern about how COVID disruptions there could impact other economies. The trade deficit came in at 2...
China’s Dec Home Prices fall, More Supportive Policies Likely
China's new home prices fell again in December as COVID-19 outbreaks hurt demand, with Beijing expected to roll out more measures to help sustain the recovery after the dismantling of pandemic curbs last month brightened the outlook. New home prices dropped both in monthly...
Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution
Oil prices were muted in early trade on Tuesday as optimism over better-than-expected economic data from China was offset by caution over an upcoming Federal Reserve meeting and an OPEC decision on production. Chinese business activity grew more than expected in January, government data...
Experts Say It’s Unlikely Fully Vaccinated People Are Unknowingly Spreading COVID-19
Those who previously had COVID-19 may wonder how strongly they are protected from the delta variant.Natural immunity does, in many cases, protect people from reinfection. And when they do occur, they tend to be mild.Due to the unknowns, some experts are advising people who...
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)...
Yes, Donald Trump’s final days in office were even worse than we thought
Donald Trump's final days as president were defined by near-total chaos as House Democrats moved to impeach him for his action (and inaction) during the January 6 riot at the US Capitol even as the soon-to-be-former president sought to use the power of his...
Gold Slumps Below $1,800 as Fed Fears Resurfacea
Gold prices sank below key levels on Tuesday, with metal markets back under pressure as stronger-than-expected U.S. data boosted the dollar and ramped up uncertainty over strength in the U.S. economy and how the Federal Reserve will respond to it. The dollar rose for...
Japanese Yen Rallies to 4-month High on BoJ Policy Tweak, Asia FX Slips
Most Asian currencies fell slightly on Tuesday as fears of a potential recession persisted, while the Japanese yen rallied past its peers after the Bank of Japan tweaked its ultra-dovish policy, drumming up hopes for an eventual pivot. The yen jumped 2.7% to 133.14...