Category: fears
-
Dollar slips ahead of jobless claims; recession fears rise By Investing.com
•
Investing.com – The U.S. dollar fell on Thursday as traders began to factor in aggressive monetary easing by the Federal Reserve to combat a slowing economy. At 04:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.2% at 102.802,…
-
Citi recommends defensive stance on Japan amid BOJ uncertainty, recession fears By Investing.com
•
Japanese stocks are expected to gradually recover in September and October, analysts at Citigroup said, but they recommended a defensive stance in the market amid uncertainty over the Bank of Japan and the U.S. economy. Japanese stocks have been hit hard by the global meltdown in financial markets this week,…
-
Asia FX muted as dollar dips on recession fears; yen surges to near 7-mth high By Investing.com
•
Most Asian currencies moved in a narrow range on Monday, taking little advantage of the dollar’s weakness amid growing concerns about slowing economic growth in the United States. The Japanese yen was an outlier, rising sharply on safe-haven demand and as the prospect of a Bank of Japan interest rate…
-
Mexican peso pares losses, remains volatile on US recession fears By Reuters
•
By Noé Torres and Rodrigo Campos MEXICO CITY/NEW YORK (Reuters) – The Mexican peso touched its weakest level against the U.S. dollar in nearly two years before paring much of its losses as concerns that the U.S. economy could be headed for recession deepened and the peso’s recent weakness as…
-
Dollar slumps on recession fears; yen, Swiss franc benefit By Investing.com
•
Investing.com – The U.S. dollar fell sharply on Monday amid concerns over U.S. economic growth, with strong demand for the safe-haven Swiss franc and Japanese yen. At 08:45 ET (12:45 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.9% at 102.100,…
-
Yen rises to 7-month highs as US slowdown fears spill over By Reuters
•
By Vidya Ranganathan SINGAPORE (Reuters) – The Japanese yen hit its highest level against the dollar since January on Monday as markets continued to move in a week that began after weak U.S. employment data stoked recession fears and expectations of deeper interest rate cuts by the Federal Reserve. Friday’s…
-
Stocks shaken by US recession fears, bonds price for rate cuts By Reuters
•
By Wayne Cole SYDNEY (Reuters) – Asia’s main stock indexes fell on Monday as growing fears that the United States could be headed for recession sparked a mass risk aversion and expectations that interest rates will have to be cut sharply and quickly to support growth. Investors picked up where…
-
Bitcoin Price Falls To $61K Amid War And Recession Fears
•
The ongoing Israeli-Palestinian conflict has emerged as a significant factor influencing the cryptocurrency market crash. Following an airstrike that killed a prominent Hamas leader in the occupied West Bank, tensions have escalated, with both sides engaging in retaliatory actions. The United Nations has reported extensive damage in Gaza, with thousands…
-
Bitcoin Price Falls To $61K Amid War And Recession Fears
•
The ongoing Israeli-Palestinian conflict has emerged as a significant factor influencing the cryptocurrency market crash. Following an airstrike that killed a prominent Hamas leader in the occupied West Bank, tensions have escalated, with both sides engaging in retaliatory actions. The United Nations has reported extensive damage in Gaza, with thousands…
-
Australia, NZ dollars grapple with risk aversion as US growth fears weigh By Reuters
•
SYDNEY (Reuters) – The Australian dollar held near three-month lows on Friday after weak U.S. data fueled fears of a sharp slowdown in the world’s largest economy, prompting investors to seek refuge in the safe-haven yen and Swiss franc. The single currency was steady at $0.6501, having fallen 0.5% overnight…
-
Nasdaq on course to confirm correction as recession fears mount By Reuters
•
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks fell for a second straight session on Friday, confirming a slide into correction territory after a weak jobs report raised concerns about an impending recession. Nonfarm payrolls increased by 114,000 jobs last month, the Labor Department said, well below the 175,000…
-
Payment fears deter UK businesses from pursuing overseas growth
•
Concerns about international payments are discouraging many UK businesses from dealing with suppliers abroad or entering new markets, according to a new study by HSBC UK. The survey of more than 1,000 financial decision makers found that 43% are reluctant to conduct international business due to uncertainty about hidden payment…
-
Analysis-UK election brings few hopes or fears to cautious City of London By Reuters
•
By Sinead Cruz and Hugh Jones LONDON (Reuters) – Britain’s financial sector has begun to embrace Labour’s pro-business initiatives and pledges of stability and support, but many in the City of London remain wary that it could be targeted to shore up Britain’s strained public finances in the future. Under…
-
Japanese yen weakens, USDJPY hits 38-year high despite intervention fears By Investing.com
•
Investing.com — The Japanese yen fell further on Thursday, with the USD/JPY pair rising to its highest points in 38 years while surpassing previous levels that traders believed would attract Japanese government intervention. The yen pair, which measures the number of yen needed to buy one dollar, rose to 160.81…
-
Argentina extends currency swap with China, defusing repayment fears By Reuters
•
BUENOS AIRES (Reuters) – Argentina and China have renewed the activated portion of a major currency swap line for the equivalent of $5 billion until July 2026, the central bank said on Wednesday, dispelling concerns that they may have to make large installments over the next month. . The South…
-
Red Alert For Polkadot (DOT): Double-Digit Drop Sparks Investor Fears
•
Polkadot (DOT), the self-proclaimed “king of interoperability” and once a darling of the 2021 bull market, is It is currently trading at around $6.42, That’s a far cry from its November 2021 peak of around $60. There is still a glimmer of optimism for DOT despite the overall bearish outlook,…
-
Treasury fears trouble with IMF, debt risks
•
The Treasury has intensified its pressure on Parliament to adopt punitive tax measures contained in the draft finance bill, saying it will help narrow Kenya’s budget deficit and reduce the desire to borrow. Principal Treasurer Chris Kipto said the higher taxes and new taxes proposed in the bill were needed…
-
Wall Street set to open lower as fears of sluggish growth increase By Reuters
•
By Lisa Pauline Mattkal and Johan M. Cherian (Reuters) – U.S. stock futures fell on Tuesday as investors grew more concerned about the strength of the world’s largest economy, even as they awaited a slew of reports this week to gauge the extent of slowing growth. Data on Monday showed…
-
Wall Street futures slip on sluggish growth fears
•
(Reuters) – U.S. stock futures fell on Tuesday after weak manufacturing data raised fresh concerns about the strength of the U.S. economy, even as markets awaited a slew of reports this week to gauge the extent of slowing growth. Stocks fell on Monday after survey data showed US factory activity…