MARKET UPDATE
Stocks dragged down by megacap tech. Stocks sagged worldwide on Wednesday as earnings from Tesla (NASDAQ:TSLA) and European luxury brands disappointed, while oil prices edged higher after trading near-six week…
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Commodity currencies struggle
Commodity currencies slid to multi-week lows on Wednesday on weakening raw material prices, with the heaviest selling against the yen which surged to its highest in two months as short…
MARKET UPDATE
Gold prices edge higher. Gold prices rose in Asian trade on Wednesday, although gains were limited by strength in the dollar as uncertainty over the U.S. presidential race and anticipation…
MARKET UPDATE
European stocks flat as miners counter tech rally. European shares opened subdued on Tuesday, as metal miners partially offset a technology-related rally fuelled by robust earnings from SAP and Logitech…
MARKET UPDATE
Dollar eases as Biden ends re-election bid. The dollar eased slightly against a basket of currencies on Monday while dropping sharply versus the yen as investors focused on U.S. President…
MARKET UPDATE
Asian stocks fall as US-China jitters persist. Most Asian stocks fell on Friday amid persistent concerns over a renewed trade war between the U.S. and China, while positive earnings from…
Yen rises amid intervention nerves
Japan’s yen scaled a six-week high on Thursday, stirring up speculation of an official push, while traders waited on a European Central Bank meeting to direct the euro’s next move.…
MARKET UPDATE
European shares open higher. European shares opened higher on Thursday led by energy stocks, while investors also awaited the European Central Bank’s interest rate decision, due later in the day.…
MARKET UPDATE
Oil prices edge up on US inventories. Oil prices inched up on Wednesday, a day after benchmark Brent hit a one-month low, as a decline in U.S. oil stockpiles helped…
MARKET UPDATE
Oil falls on lingering demand concerns. Oil prices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve will…
MARKET UPDATE
Dollar strengthens after Trump shooting. Most Asian currencies moved little on Monday, while the dollar caught some safe haven bids after the attempted assassination of former U.S. President Donald Trump…
MARKET UPDATE
Gold prices steady above $2,400. Gold prices fell slightly in Asian trade on Friday, but were sitting on strong gains from the prior session as softer-than-expected U.S. inflation data ramped…
MARKET UPDATE
Asian stocks surge as TSMC boosts tech. Asian stocks rose on Thursday as technology stocks rallied after positive revenue figures from chipmaking giant TSMC sparked more optimism over artificial intelligence,…
Gold prices steady amid rate cut speculation
Gold prices rose slightly in Asian trade on Wednesday as comments from Federal Reserve Chair Jerome Powell sparked increased speculation over when the central bank will begin cutting interest rates.…
MARKET UPDATE
Asia FX flat as dollar steadies. Most Asian currencies moved in a flat-to-low range on Wednesday as the dollar found some strength after Federal Reserve Chair Jerome Powell offered no…
MARKET UPDATE
Asia FX muted as dollar steadies. Most Asian currencies edged lower on Tuesday as the dollar found some strength before a testimony by Federal Reserve Chair Jerome Powell, while the…
MARKET UPDATE
Euro slips on French gridlock. The euro slipped on Monday after projections from France’s election pointed to a hung parliament amid an unexpectedly strong showing for a left-wing alliance, spawning…
MARKET UPDATE
Asia FX rises ahead of nonfarm payrolls. Most Asian currencies advanced slightly on Friday, recovering further as the dollar weakened ahead of key payrolls data, while the Japanese yen strengthened…
MARKET UPDATE
Asia FX upbeat as rate cut bets dent dollar. Most Asian currencies firmed on Thursday as increased expectations of interest rate cuts by the Federal Reserve dented the dollar, while…
MARKET UPDATE
Gold prices gain some ground as dollar falls. Gold prices rose in Asian trade on Wednesday, seeing some relief as the dollar retreated on some positive comments from Federal Reserve…