Asia stocks rise; China’s May trade data ahead

SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade as investors looked ahead to Chinese trade data for May. The Nikkei 225 gained 0.68% in early trade while the Topix index edged 0.21% higher. South Korea’s Kospi advanced 0.46%. In Australia, the S&P/ASX 200 climbed 0.17%. MSCI’s broadest index of Asia-Pacific stocks outside Japan … Read more

Biden-Putin summit a chance to catch a ‘falling knife,’ top Russian official says

This combination of pictures created on March 17, 2021 shows US President Joe Biden(L) during remarks on the implementation of the American Rescue Plan in the State Dining room of the White House in Washington, DC on March 15, 2021, and Russian President Vladimir Putin as he and his Turkish counterpart hold a joint press … Read more

U.S. inflation is transitory but could become more persistent, says ex-Fed official Dudley

The recent spike in U.S. inflation is likely transitory for now — but it could become more persistent in the coming years as more people return to work, said former New York Fed President William Dudley. “I think that the scare right now is probably going to abate a bit as we go through the … Read more

Asia-Pacific stocks mixed; private survey on Chinese factory activity in May ahead

The Caixin/Markit manufacturing Purchasing Managers' Index for May is expected to be released at 9:45 a.m. HK/SIN on Tuesday. Source link

Asia-Pacific stocks mixed; China’s official manufacturing activity data for May ahead

SINGAPORE — Shares in Asia-Pacific were mixed in Monday morning trade, as investors look ahead to the release of China’s official manufacturing Purchasing Managers’ Index for May. The Nikkei 225 in Japan slipped 0.34% in early trade while the Topix index shed 0.36%. Japan’s retail sales rose 12% in April as compared with a year … Read more

Markets are so fixated on inflation they might miss the next big blowup, says BlackRock

Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021. Tingshu Wang | Reuterss While investors have been preoccupied with rising prices, a flare-up in U.S.-China tensions could catch investors by surprise, BlackRock warns. BlackRock Investment Institute said in a report Monday that its proprietary Geopolitical Risk Indicator … Read more

Asia-Pacific markets trade mixed as investors remain cautious over inflation worries

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Oct. 29, 2020. Kiyoshi Ota | Bloomberg | Getty Images SINGAPORE — Asia-Pacific markets opened mixed on Wednesday, as investors remain cautious over growing inflation worries. In Japan, the Nikkei 225 rose 0.46% in early trade while the … Read more

Asia-Pacific markets open higher after U.S. jobs report missed expectations

A pedestrian looks at an electronic quotation board showing numbers of the Nikkei 225 index in Tokyo on September 11, 2020. Kazuhiro Nogi | AFP | Getty Images SINGAPORE — Stock markets in Asia-Pacific opened higher on Monday following “a big miss” in the U.S. jobs report released Friday. Japan’s Nikkei 225 rose around 0.85%, … Read more

Facebook-backed Diem aims to launch digital currency pilot later this year

Facebook wanted to revolutionize finance with a global digital currency — then came the regulators. First proposed in June 2019 with the name libra, the token was initially intended to be a universal currency tied to a basket of sovereign currencies such as the U.S. dollar and the euro. But after facing strong opposition from … Read more

China may test its digital currency with foreign visitors at the 2022 Beijing Winter Olympics

BOAO, China — China is trying to make it possible for foreign athletes and visitors to use its digital currency during the Beijing Winter Olympics in 2022, a top central bank official said on Sunday. It could be the first test for China’s digital currency with international users. Li Bo, deputy governor of the People’s … Read more