Asian equities were mixed Thursday after a rally on Wall Street drove stocks and bonds higher, as a drop in producer prices supported bets the Federal Reserve will resume cutting interest rates next week. Shares in Australia fell while those in Japan swung between gains and losses in early trading. US futures edged higher after … Read more
Key Asian stock gauges fluctuated Wednesday after the S&P 500 hit a record on hopes the Federal Reserve will cut interest rates to curb a jobs downturn. Shares in South Korea rose in early trading, while those in Japan and Australia were mixed. US equity futures contracts edged higher after Big Tech lifted the index … Read more
Gold prices slipped on Monday as the dollar strengthened and some investors locked in profits after a recent rally, with markets now focused on upcoming U.S. inflation data that could offer insight into Federal Reserve’s interest rate outlook. FUNDAMENTALS * Spot gold was down 0.7% at $3,373.37 per ounce, as of 0137 GMT, after hitting … Read more
Heavy selling in US government bonds rippled across global markets after higher-than-expected US inflation spurred bets the Federal Reserve won’t have much room to cut rates this year. Australian and New Zealand yields edged higher after Treasury yields, which rise when bond prices fall, advanced across the curve Wednesday. The 10-year yield ended the session … Read more
Asian equities edged lower with US futures ahead of jobs data that will help shape the outlook for Federal Reserve interest rates. Shares in Australia and Japan fell, while those in South Korea were little changed. Contracts for the S&P 500 dropped for a second day after US trading was closed on Thursday to observe … Read more
NEW YORK: The Fed’s well-telegraphed taper announcement has done little to soothe the nerves of some investors, who remain on edge about stubbornly persistent inflation and are looking to trim risk as they prepare for rockier times. The Federal Reserve on Wednesday said it will begin paring back its monthly bond purchases this month with … Read more