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Asia FX Heads For Weekly Bounce, Dollar at 7-Mth Low on Easing Inflation 0

January 13, 2023

Most Asian currencies crept higher on Friday and were headed for steep weekly gains on the prospect of an eventual shift in the Federal Reserve’s hawkish stance, which also pushed the dollar to a seven-month low. The Japanese yen rose 0.1% to an over seven-month high against the dollar of 129.14, and was among the

Chinese Fret Over Infecting Elderly As Holidays Prompt COVID Warnings 0

Economy

January 12, 2023

People in China worried on Thursday about spreading COVID-19 to aged relatives as they planned returns to their home towns for holidays that the World Health Organization warns could inflame a raging outbreak. The Lunar New Year holiday, which officially starts from Jan. 21, comes after China last month abandoned a strict anti-virus regime of

Dow Futures Trade Steady, After Nasdaq Posts 3-Session Win Streak 0

Economy

January 11, 2023

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) Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were

Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories 0
- Market
- January 11, 2023
Oil prices fell on Wednesday after industry data pointed to a large weekly build in U.S. crude stockpiles, although losses were limited by the prospect of strong demand this year and as the dollar softened on expectations of slower interest rate hikes. Data from the American Petroleum Institute showed that U.S. crude stockpiles surged by
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European Stocks Edge Higher; German Industrial Production Impresses 0
- Stock Market
- January 9, 2023
European stock markets edged higher Monday, with sentiment boosted by China’s decision to fully reopen its borders as well as stronger-than-expected German industrial production. At 03:45 ET (08:45 GMT), the DAX index in Germany traded 0.3% higher, the CAC 40 in France gained 0.2% and the FTSE 100 in the U.K. climbed 0.2%. European markets
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Oil Prices Rebound on China Reopening Optimism, Easing Fed Fears 0
- Economy
- January 9, 2023
Oil prices rose on Monday, recovering a measure of recent losses as investors bet that an economic reopening in China and a less hawkish rhetoric from the Federal Reserve will help spur a recovery in crude demand this year. China reopened its international borders for the first time since 2020, a clear indication that the
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