MARKET UPDATE
Asia shares set for five-month winning streak. Asian stocks were on track for a fifth straight month of gains on Friday, bolstered by a growing view that cooling U.S. inflation…
Read more
MARKET UPDATE
US stock futures edge lower. U.S. stock index futures slipped lower Thursday, retreating after disappointing guidance from chipmaker Micron and ahead of the release of key economic data. At 06:00…
MARKET UPDATE
Aussie supported after inflation spike. The Australian dollar rallied on a surprise jump in inflation on Wednesday, while the U.S. dollar kept downward pressure on the yen and yuan as…
MARKET UPDATE
European stocks mostly weaken. European stock markets mostly weakened Tuesday, with sentiment hit by the overnight selloff of influential Big Tech stocks on Wall Street. Investors’ confidence has been hit…
MARKET UPDATE
Asia FX weak amid dollar strength. Most Asian currencies were fragile on Monday as the dollar steadied near two-month highs, while weakness in the Japanese yen sparked caution over potential…
MARKET UPDATE
Dollar hits multi-week highs. The U.S. dollar pushed to a fresh eight-week top above 159 yen and clung close to a five-week peak to sterling on Friday, with the Federal…
MARKET UPDATE
Dollar firms, sterling steady. The British pound held broadly steady on Thursday ahead of the Bank of England’s (BoE) rate-setting meeting while the dollar firmed a touch, though moves were…
Bitcoin price today slides to $65k
Bitcoin fell in early Asia trading on Tuesday, erasing all of the gains it mate a day earlier, driven by ongoing profit-taking and continued net outflows from U.S.-listed bitcoin exchange-traded…
MARKET UPDATE
Dollar edges up. The dollar edged higher on Tuesday as traders awaited a key U.S. retail sales report and comments from Federal Reserve officials to better gauge the timing and…
MARKET UPDATE
Asia shares muted on China data. Asian share markets were in the red on Monday as mixed Chinese economic news underlined the country’s bumpy recovery, while political uncertainty in Europe…
MARKET UPDATE
Oil prices set for best week in over 2 months. Oil prices eased on Friday as markets evaluated the impact of U.S. interest rates staying higher for longer than anticipated,…
MARKET UPDATE
Dollar falls after CPI. The U.S. dollar fell Thursday, as traders weighed up the competing factors of benign U.S. inflation yet a more hawkish Federal Reserve. At 04:25 ET (08:25…
MARKET UPDATE
Gold prices steady around $2,300. Gold prices moved little in Asian trade on Wednesday, hovering around a key support level as traders hunkered down before more definitive cues on U.S.…
China’s central bank returns to gold buying
China, the biggest official sector buyer of gold, is expected to resume its bullion shopping spree once prices ease from the record highs hit in May, as the fundamental case…
MARKET UPDATE
Dollars hands back gains ahead of inflation data. The U.S. dollar retreated Tuesday, falling back from a one-month high, as yields fell back ahead of key U.S. inflation data and…
MARKET UPDATE
Gold prices weak as rate fears mount. Gold prices moved in a flat-to-low range in Asian trade on Monday, nursing steep losses from last week as fears of high U.S.…
MARKET UPDATE
Gold prices rise towards $2,400. Gold prices rose in Asian trade on Friday, coming close to key highs as bets on interest rate cuts by the Federal Reserve grew in…
Euro firms ahead of ECB decision
The euro firmed a touch on Thursday ahead of a policy decision from the European Central Bank (ECB) where traders consider a rate cut all but certain, while the dollar…
MARKET UPDATE
Asian chipmakers rally as Nvidia hits $3 trillion valuation. Major Asian chipmaking stocks and Nvidia suppliers rose sharply on Thursday, tracking an overnight rally in the market darling amid renewed…
MARKET UPDATE
Oil near 4-mth low. Oil prices hovered near four-month lows in Asia on Wednesday as markets digested an OPEC+ decision to boost supply later this year and following an increase…