Dollar Edges Lower; Chinese Growth Data Boosts Risk Sentiment
The U.S. dollar slipped lower in early European trade Tuesday, handing back some of the overnight gains as healthy Chinese growth data boosted risk sentiment. At 02:05 ET (06:05 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies,...
Gold Prices Dip From $2,000, Banking Crisis in Focus
Gold prices retreated on Monday as traders locked in profits after a strong run of gains, but remained near key levels hit last week as fears of a global banking crisis kept safe haven demand high. Bullion prices surged to the over $2,000 last...
Chinese Tech Stocks Rise, Tencent Surges On Strong FY Results
Major Chinese technology stocks rose on Thursday, with shares of Tencent up sharply after the internet giant logged stronger-than-expected annual earnings, while less hawkish signals from the Federal Reserve also aided sentiment. Tencent Holdings Ltd (HK:0700) rose over 6% to HK$368.40 a share, and...
Analysis-In China, Tesla Could Win Electric Vehicle Price Battle – But Lose The War
Slashed prices have given Tesla (NASDAQ:TSLA)'s China sales a pop, but analysts, and even fans, warn the U.S. automaker needs to up its long-term game to avoid choking on the dust of fast-moving rivals in the world's biggest electric vehicle market. Most immediately, Tesla's...
Asian Stocks Rise As Bank Rout Eases, Markets Bet On Less Hawkish Fed
Most Asian stock markets rose on Wednesday, helped by a recovery in bank shares amid easing fears over a potential crisis in the U.S., while growing bets that the Federal Reserve will adopt a less hawkish stance also aided sentiment. Regional markets took positive...
Carlsberg Expects Lower Beer Consumption To Hit 2023 Growth
Danish brewer Carlsberg (OTC:CABGY) on Tuesday forecast organic operating profit growth in 2023 below last year's level as higher beer prices are expected to dent consumption. The world's third-biggest brewer expects organic operating profit this year to change by between minus 5% and plus...
Miki House Taps ‘Made in Japan’ Appeal For $760 Kids Pyjamas As Home Market Shrinks
Japan's Miki House, a maker of luxury baby and children's goods in a country with ever-fewer births, is looking overseas for both production and customers for products like its 100,000 yen ($760.40) Gold Label brand pyjamas. President Koichi Kimura said the Osaka-based company, which...
Bitcoin Near 9-Month High As Bank Turmoil Sparks Rally
to turn to digital assets. The biggest cryptocurrency by market value fell 1.8% in Asia hours to $27,549 after hitting its highest since June 12 on Sunday at $28,474. It rose 26% last week and is up more than 35% in ten days as...
Gold Prices Mixed, Copper Sinks On Weak China GDP Target
Gold prices were mixed on Monday amid some uncertainty over U.S. monetary policy, while copper prices retreated sharply as major importer China set a weaker-than-expected GDP target for 2023, undermining expectations of a strong recovery in demand. Bullion prices were aided by a drop...
European Stock Futures Mixed; U.K. Inflation Climbs Ahead of Fed Rate Decision
European stock markets are expected to trade in a mixed fashion at the open Wednesday as investors digest U.K. inflation data and nervously await the latest Federal Reserve decision on interest rates. At 03:00 ET (07:00 GMT), the DAX futures contract in Germany traded...