The dollar index eased 0.08% to 104.39, giving back some of its 0.53% rallies overnight. Treasury 10-year yields slid more than 1 basis point in Tokyo, trading to around 3.17%. Asian equities followed Wall Street lower after U.S. shares fell. The dollar index gave back some of its 0.53% rallies overnight, spurred mainly by weakness … Read more
US stocks rise on Thursday as investors weigh recession fears against bargain-hunting tendencies. Dow Jones rises by around half a percent to 30,636.40 just after 20 minutes of trade. S&P 500 index reaches a new high of 3,774.64 and the Nasdaq Composite hits 11,085.21. US stocks began higher, as investors weighed recession fears against bargain-hunting … Read more
Dow Jones Industrial Average is up 1.7% after 30 minutes of the holiday-shortened week. &P 500, which entered a bear market earlier last week, jumped 2.4 percent to 3,762.17. Nasdaq Composite Index gained 2.9 percent to 11,108.56. Wall Street stocks began positive, as investors shrugged off recession and pandemic fears in order to benefit from … Read more
Wall Street has grown fearful as the Federal Reserve is set to make its biggest fee hike in greater than two many years to overwhelm inflation that has reached tiers no longer seen because of the 1980s. The critical bank’s coverage-placing Federal Open Market Committee (FOMC) opened the final session of its -day assembly on … Read more
Most Asian markets dropped on Friday, trailing Wall Street losses caused by using the United States Federal Reserve boss’ sign of an aggressive financial coverage tightening cycle and the continuing economic effect of Covid-19 restrictions in China. Tokyo ended extra than 1.5% down while inflation records from Japan became in keeping with marketplace expectations and higher than somewhere … Read more
WASHINGTON: After contracting in 2020, US economic growth saw its biggest increase since 1984 with a rebound to 5.7 per cent in 2021, the second year of the Covid-19 pandemic, the government reported. But the hit from the Omicron variant of the virus held down the recovery in the final quarter of the year, when … Read more
WASHINGTON: The Federal Reserve opened its two-day policy meeting on Tuesday, focused squarely on how to address the worsening US inflation threat. Fed Chair Jerome Powell has signalled that the central bank will pull back on its pandemic stimulus measures more quickly, which would put it in position to raise interest rates and try to … Read more
HONG KONG – Asia stocks held steady on Monday, despite a record-smashing lead from Wall Street, ahead of a week of major monetary policy announcements around the world. In Hong Kong, the Hang Seng Index was down 0.17 percent at the close, while Tokyo’s benchmark Nikkei 225 index closed up by 0.71 percent. Friday’s gains … Read more
WASHINGTON — The U.S. Federal Reserve could speed up the pace of tapering asset purchases as U.S. inflation surged to a 30-year high, a senior Fed official said on Tuesday. “I think it behooves the committee to go in a more hawkish direction in the next couple of meetings so that we are managing the … Read more
