Category: Asian
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European stocks fall after UK growth revision; mixed Asian markets in focus By Investing.com
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Investing.com – European stock markets fell on Monday, the last day of September, as investors digested a series of domestic economic releases as well as the mixed performance of major Asian indices. At 03:05 ET (07:05 GMT), Germany’s stock index fell 0.3%, France’s index fell 0.5%, and the UK’s index…
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Asian stocks rise; China up on repo rate cut, Australia hit by retailer losses By Investing.com
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Most Asian shares rose slightly on Monday amid continued optimism over lower interest rates, while Australian markets lagged as major retail stocks fell sharply in the face of an antitrust lawsuit. Chinese markets rose after the People’s Bank of China cut its short-term lending rate, although overall gains were limited.…
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Asian stocks rise on rate cut cheer; Japan trims gains after BOJ By Investing.com
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Most Asian stocks rose on Friday, tracking gains on Wall Street overnight, as investors welcomed a major interest rate cut by the Federal Reserve. Japanese stocks outperformed their regional peers, but pared early gains after the Bank of Japan kept interest rates steady but said it expected inflation to continue…
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Bullish bets steady on Asian currencies as Fed easing bets soften dollar, Reuters poll shows By Reuters
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Written by Sameer Manikkar Analysts remained bullish on most Asian currencies, although some pared bets slightly, as a defensive U.S. dollar driven by a dovish Federal Reserve boosted the appeal of risk-sensitive assets, a Reuters poll showed on Thursday. Long bets were highest on the Malaysian ringgit and the Thai…
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Asian Equities Brace for Fed Effect, Yen Slips: Markets Wrap
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(Bloomberg) — Asian stocks braced for tailwinds from a half-percentage-point interest-rate cut by the U.S. Federal Reserve and signs of more monetary policy easing in the coming months. Most Read from Bloomberg Japanese stock futures rose, while U.S. index futures rose, largely erasing Wednesday’s losses. The S&P 500 initially hit…
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Asian Stocks Swing as China Data Offset Fed Bets: Markets Wrap
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Breadcrumbs Path Links PMN Business Asian stocks moved between losses and gains on Monday, as expectations of a rate cut by the US Federal Reserve receded due to signs of continued stagnation in the Chinese economy. Article author: Bloomberg News Catherine Bosley Published on September 15, 2024 • Last updated…
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Asian Stocks Erase Gains as Dollar Resumes Rally: Markets Wrap
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(Bloomberg) — Asian stocks were steady and the dollar and yen rose against their peers in a sign of defensiveness as traders brace for U.S. data later this week that will offer clues on an interest-rate cut by the Federal Reserve. Most Read from Bloomberg Stocks in Australia, Hong Kong…
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Will rate cuts make Asian small caps more attractive? Bernstein weighs in By Investing.com
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The prospect of lower interest rates in the coming months is a favorable environment for small-cap stocks in Asia, although some risks to that trend remain, Bernstein wrote in a note. Japan and some economies in the Association of Southeast Asian Nations (ASEAN) region have shown positive growth trends, reflecting…
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Asian stocks rise tracking Wall St rally as recession fears ease By Investing.com
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Most Asian shares rose on Friday, tracking an overnight rally on Wall Street, as strong U.S. economic data helped ease recession fears, while bets on interest rate cuts remained intact. Wall Street indexes rose sharply on Thursday after strong retail sales data boosted optimism about the U.S. economy. Weaker inflation…
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Asian Equities Advance Ahead of Busy Data Week: Markets Wrap
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(Bloomberg) — Asian stocks rose for a second straight session as markets shifted focus to key U.S. data this week for more insight into the health of the world’s largest economy. Most Read from Bloomberg Stocks in the region rose on Monday, after rising 1.5% on Friday. Benchmarks in Australia…
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Asian stocks rise with inflation readings on tap; China lags By Investing.com
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Most Asian stocks rose on Monday, extending last week’s recovery amid growing hopes that fears of a U.S. recession were overblown, with focus shifting squarely to a series of key inflation readings this week. Chinese markets lagged their peers, largely missing out on last week’s rally amid ongoing concerns about…
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Asian Equities Advance, Yen Gives Up Some Gains: Markets Wrap
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Breadcrumbs Path Links PMN Business Asian stocks rose on Monday as markets turned their focus to key U.S. data due later this week for more insights into the health of the world’s largest economy. The yen retreated further from a seven-month high touched last week. Article author: Bloomberg News Catherine…
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Asian stocks rise on cooling recession fears, positive China inflation By Investing.com
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Asian stocks rose on Friday as concerns about an approaching recession in the United States eased, while somewhat positive inflation data from China also helped boost sentiment. But regional markets are still heading towards weekly losses after recording sharp declines at the start of the week. Asian stocks benefited from…
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Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies: Reuters poll By Reuters
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Written by Sameer Manikkar (Reuters) – Analysts have become bullish on most major Asian currencies for the first time in more than a year, supported by rising bets on interest rate cuts by the U.S. Federal Reserve and the unwinding of yen-funded carry trades, a Reuters poll showed. A biweekly…
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Asian stocks fall as growth jitters persist, Nikkei rebound fades By Investing.com
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Most Asian stocks fell on Thursday as the recovery in Japanese markets stalled amid lingering concerns about slowing economic growth and higher interest rates, while technology stocks saw an extended decline. Regional markets got a negative boost from a weak session overnight on Wall Street, as the recovery from multi-month…
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RBA’s “Hawkish Hold” Briefly Supported AUD During The Asian Session
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As expected, the Reserve Bank of Australia decided to The Reserve Bank of Australia kept official interest rates at a 12-year high of 4.35%. For its sixth consecutive meeting in August. The Central Bank confirmed that High inflation remains a concern.Inflation has “declined significantly” but is “persistently above” the 2%…
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Indian Rupee Becomes Second Worst Asian Currency This Quarter
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Breadcrumbs Path Links PMN Business Before the trading day begins, we provide you with a summary of the major news and events that are likely to move the markets. Today we take a look at: Article author: Bloomberg News Ashutosh Joshi and Ronojoy Mazumdar Published on August 1, 2024 •…
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Asian stocks rebound with Fed, rate cuts in focus; China lags By Investing.com
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Most Asian stocks rose sharply on Monday with focus on the upcoming Federal Reserve meeting for further signals on interest rate cuts, with the battered technology sector leading the gains. But Chinese markets continued to lag their regional peers, with sentiment toward the country showing little sign of improvement ahead…
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Asian stocks rebound with Fed, rate cuts in focus; China lags By Investing.com
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Most Asian stocks rose sharply on Monday with focus on the upcoming Federal Reserve meeting for further signals on interest rate cuts, with the battered technology sector leading the gains. But Chinese markets continued to lag their regional peers, with sentiment toward the country showing little sign of improvement ahead…
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Investors turn long on Singapore dollar after 7 months; bearish bets on Asian FX ease
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Written by Roshni Nair (Reuters) – Investors have become bullish on the Singapore dollar for the first time since mid-December as growth and inflation dynamics in the city-state continue to support the local currency, while bearish bets on most Asian currencies have eased, a Reuters poll showed on Thursday. Long…