Home News

Category: News

Post
Stocks Stabilize Post Selloff; Dollar Edges Higher

Stocks Stabilize Post Selloff; Dollar Edges Higher

Global stocks mostly stabilized Monday though investors remained on edge after the biggest two-day slide for shares since June. The dollar edged higher and crude oil extended its recent slide. Shares were little changed in Japan and China, and climbed in South Korea and Australia. Stocks fluctuated in Hong Kong, where protests again flared up...

Post
Australia Recommits to Opening Up Economy by Dec

Australia Recommits to Opening Up Economy by Dec

Australian Prime Minister Scott Morrison said most state and territory leaders have recommitted to opening up the economy by December, but failed to secure an immediate agreement to lift border restrictions that are hampering the recovery. The nation has fragmented along state lines, with many leaders barring travel from the two most-populous states of New...

Post
Asia Stocks Drop; Nasdaq Futures Continue Slide

Asia Stocks Drop; Nasdaq Futures Continue Slide

Global stocks fell Friday as a rotation away from high-flying tech stocks gained steam amid question marks over the sustainability of lofty valuations. Shares dropped across Asia, though losses were smaller than those seen in the U.S. overnight, as trader focus turned to the non-farm payrolls report later Friday. S&P 500 futures slipped after the...

Post
U.K. Has ‘Huge’ Interest in Southeast Asia

U.K. Has ‘Huge’ Interest in Southeast Asia

The U.K. government and businesses already were focused on deepening partnerships in the Asia-Pacific region before the coronavirus pandemic, and now are doubling down on promoting free trade and digital partnerships there, the country’s trade commissioner for Asia-Pacific said in a Bloomberg Television interview. U.K. trade with Southeast Asia is up 70% over the past...

Post
Global Stock Rally Extends; Euro Slips Further

Global Stock Rally Extends; Euro Slips Further

Stocks in the Asia-Pacific region rose after U.S. equities set a fresh all-time high, with investors assessing signs that a record-breaking global rally is broadening into other sectors and away from technology. South Korean shares outperformed, with those in Japan, Australia and Hong Kong also higher. Euro Stoxx 50 futures were up 1%. S&P 500...

Post
Australian GDP Falls by Most on Record

Australian GDP Falls by Most on Record

Australia’s economy contracted by the most on record last quarter, underscoring the need for unprecedented stimulus measures as the recovery from the nation’s first recession in almost 30 years is buffeted by Victoria state’s renewed Covid outbreak and lockdown, Gross domestic product plunged 7% from the first three months of the year, the largest fall...

Post
Stock Futures Up, Asia Shares Mixed; Rupiah Drops

Stock Futures Up, Asia Shares Mixed; Rupiah Drops

Asian equities were mixed on Wednesday, while U.S. and European futures climbed, as investors took stock of gains that propelled global shares to record highs. Emerging-market currencies weakened. Australian stocks outperformed, while Japan and South Korea posted more modest gains and China and Hong Kong edged lower. S&P 500 futures rose after a climb in...

Post
Euro-Area Economic Confidence Rises

Euro-Area Economic Confidence Rises

Economic confidence in the euro area continued to improve in August, with companies from manufacturing to services benefiting from higher demand following the end of pandemic lockdowns. A European Commission sentiment index rose for a fourth month, exceeding all but three estimates in a Bloomberg survey, and registered sustained gains in industry, retail trade and...

Post
Dollar Extends Losses; Asian Stocks Seek Direction

Dollar Extends Losses; Asian Stocks Seek Direction

The dollar extended losses at the start of a new month to trade at its lowest since May 2018. Asian stocks drifted after a retreat in most U.S. equities with the exception of technology shares. The euro led the charge against the beleaguered greenback and approached the closely watched $1.20 level. China’s yuan touched the...

Post
U.S. Futures, Asia Stocks Push Higher; Yen Dips

U.S. Futures, Asia Stocks Push Higher; Yen Dips

U.S. futures and Asian stocks began the week with gains after equities reached fresh highs last week. The dollar traded near the lowest in more than two years, while the yen pared some of Friday’s climb as Japan looks for a new prime minister. Shares in Japan outperformed, bolstered by Berkshire Hathaway Inc.’s purchase of...

  • 1
  • 2
  • 9