Indian equities may extend gains made during muhurat trading session, but likely selling in few index heavyweights could limit the upside. Here’s breaking down the pre-market actions: STATE OF THE MARKETS SGX Nifty signals a negative startNifty futures on the Singapore Exchange traded 33.5 points, or 0.19 per cent, lower at 17,859, signaling that Dalal … Read more
Asian shares tracked Wall Street higher on Thursday after a softer-than-expected U.S. inflation report encouraged bets of less aggressive rate hikes from the Federal Reserve, while the dollar remained bruised after its biggest plunge in five months. U.S. consumer prices were unchanged in July compared with June, when they rose a monthly 1.3%. The July … Read more
Asian shares fell and the dollar steadied on Wednesday as investors waited for a key U.S. report on inflation to provide hints to the Federal Reserve‘s plans for future monetary tightening. The Consumer Price Index (CPI) report will be released later today, with markets watching for signs that inflation eased in July despite last week’s … Read more
SHANGHAI: Asian share markets slipped on Thursday after minutes from the Federal Reserve‘s early May meeting showed a majority backing half-percentage-point rate hikes in June and July, and as concerns over global growth sapped confidence. While the minutes also highlighted policymakers’ faith in the strength of the U.S. economy, helping lift the mood on Wall … Read more
SHANGHAI: Asian shares fell on Friday following the biggest quarterly drop in global equities in two years, as investors worried about the impact of the Russian-Ukrainian war and rising risks of recession. On Thursday, Russian President Vladimir Putin struck back at Western sanctions on Moscow, threatening to halt contracts supplying Europe with a third of … Read more
March 14: Gold prices fell on Monday, dragged by firmer U.S. Treasury yields and improved risk appetite on hopes of peace between Russia and Ukraine. FUNDAMENTALS * Spot gold was down 0.4% at $1,977.14 per ounce by 0045 GMT. U.S. gold futures fell 0.4% to $1,976.40. * Benchmark U.S. 10-year Treasury yields rose to a … Read more
HONG KONG: Share markets were jittery in early Asia on Wednesday as trading was buffeted by a step-up in U.S. Treasury yields as well as volatile oil prices in the face of price-cooling moves by the United States and other nations. MSCI‘s broadest index of Asia-Pacific shares outside Japan slid 0.24%, while Japan’s benchmark Nikkei … Read more
NEW YORK: Asian shares opened weaker on Tuesday on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit funds hurt global banking stocks. JPMorgan Chase & Co and Bank of New York Mellon Corp on Monday fell 3.1% and 4.0%, respectively, while HSBC Holdings Plc and Standard Chartered … Read more
By Gregor Stuart Hunter The sliding U.S. dollar is buttressing the case for a further recovery in Asian shares despite jitters caused by spikes in coronavirus cases. The drop in the greenback — about 4% in July alone — may spur flows to Asian markets, fund managers and strategists said. The MSCI Asia Pacific Index … Read more