Mumbai: India’s key benchmark indices fell about 1.6% on Monday as the detection of Human Metapneumovirus, or HMPV, cases in India kindled pandemic memories and concerns over interest rate hikes by the Bank of Japan further spooked investors, already on edge due to the falling rupee and overseas investors selling. The Nifty fell 388.7 points, … Read more
Equities in Asia rose ahead of interest-rate decisions by major central banks across the globe due later this week, including the Federal Reserve. A key stock benchmark for the region climbed, as did shares in Australia and Japan. South Korean equities fell, while futures for Hong Kong stocks pointed to a decline. The moves came … Read more
The yen languished near a three-month trough on Tuesday as the loss of a parliamentary majority for Japan’s ruling coalition in weekend elections raised uncertainty about the nation’s political and monetary outlook. Elsewhere, the dollar eased a touch, though remained not too far from its recent high ahead of major U.S. data releases later in … Read more
“We exited a lot of the risk to outside the system, outside economic systems, I should add. So, in other words, it is much more in the politics, in polarisation, in geopolitics,” says Viktor Shvets, Macquarie Capital.Nikunj Dalmia: Let me start with a very basic question. What is your view of the world given that … Read more
The yen touched a three-month low on Monday as Japan’s ruling coalition lost its parliamentary majority and investors figured that would likely slow future interest rate hikes, while the dollar headed for a monthly gain on rising U.S. yields. On the dollar, the yen hit its weakest since late July at 153.3 in early-morning trade … Read more
The U.S. dollar hovered at a 2-1/2-month peak on Wednesday as investors adjusted bets toward a gradual reduction of interest rates while keeping an eye on a close presidential election race. The yen remained under pressure as the dollar and U.S. Treasury yields marched higher, pushing it to a three-month low. The greenback has climbed … Read more
Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally after the Federal Reserve‘s super-sized rate cut last week, while the yen and most other major currencies stagnated with Japanese markets on holiday. The dollar strengthened against the yen last week after policy meetings in both the United States … Read more
Stocks in Asia edged higher ahead of key events from the Federal Reserve and the Bank of Japan that will help define the global rates trajectory. The MSCI Asia Pacific Index climbed 0.2% as benchmarks in Japan, Australia and South Korea rose. That came after the S&P 500 and Nasdaq 100 indexes advanced on further … Read more
The so-called Yen carry trade has been in focus in the past few trading sessions in the wake of the selloff in shares of US technology giants. A look at what is Yen carry trade and what it means for the financial markets worldwide: What is a Carry Trade? A carry trade is a hugely … Read more
The Bank of Japan kept ultra-low interest rates on Friday but decided to start trimming its huge bond purchases in a slow but steady retreat from its massive monetary stimulus. While it will continue to buy government bonds at the current pace of roughly 6 trillion yen ($38 billion) per month, the central bank decided … Read more