Category: Markets
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Dollar edges higher ahead of key CPI release By Investing.com
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The US dollar edged higher on Monday, in quiet trading as traders looked ahead to key inflation data later in the week for clues on the Federal Reserve’s future monetary policy decisions. At 04:30 ET (09:30 GMT), the dollar index, which tracks the greenback against a basket of six other…
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Dollar trades more mixed as risk sentiment holds up for now
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The moves point to a further easing of carry trade unwinds as risk sentiment remains stable. USD/JPY in particular is up 0.5% at 147.30 levels now but remains close to the highs of the recent rally from last week: USD/JPY Daily Chart This does not suggest that we are about…
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Bernstein remains neutral on Nifty, 8-9% return expected this year By Investing.com
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Investing.com — Bernstein Research has a neutral outlook on the index, India’s benchmark stock market index. The firm expects a modest return of 8% to 9% for the index this year. This position comes amid a complex investment environment, where global and local factors interact to shape market sentiment and…
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Exclusive-Billions in dollar and euro notes reach Russia despite sanctions By Reuters
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By Gleb Stolyarov, Philip Lebedev and Alexander Marrow LONDON (Reuters) – About $2.3 billion in dollar and euro banknotes have been shipped to Russia since the United States and European Union banned exports of their banknotes there in March 2022 after the invasion of Ukraine, according to customs data seen…
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US data will keep markets in check for now
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It’s a steady and quiet start to trading this week and that’s understandable. Market participants will remain somewhat cautious, awaiting some big US data in the coming days. We’ll get a quick look at the PPI report tomorrow, but the biggest event to watch this week is Wednesday’s CPI report.…
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Yen slips, markets brace for US inflation data By Reuters
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By Vidya Ranganathan SINGAPORE (Reuters) – The yen continued its slow decline against the dollar in thin trade due to a holiday in Japan on Monday, as market participants remained uncertain about the prospects of a significant interest rate cut by the U.S. Federal Reserve next month. The break comes…
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China test-flies biggest cargo drone as low-altitude economy takes off By Reuters
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Written by Ryan Wu BEIJING (Reuters) – China has launched the largest cargo drone yet designed for civilian use, as the world’s biggest drone maker ramps up test flights of autonomous aerial vehicles that could eventually carry everything from takeaway meals to people. The two-tonne, twin-engine aircraft took off on…
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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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Asia FX ticks lower, dollar steadies ahead of CPI data By Investing.com
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Most Asian currencies fell slightly on Monday as traders shifted slightly towards the dollar ahead of key U.S. inflation data this week, which is expected to provide further clues on interest rates. Regional trading volumes were limited due to a Japanese market holiday, which also saw the yen weaken slightly…
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ForexLive Asia-Pacific FX news wrap: USD/JPY popped back above 147.00
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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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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OPEC is set to release its latest, August, monthly report later today (Monday)
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OPEC is due to release its latest monthly report on Monday, August 12. OPEC’s monthly Oil Market Report addresses the key issues affecting the global oil market and provides an outlook on crude oil market developments for the coming year. The report provides a detailed analysis of key developments affecting…
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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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US stock futures steady as inflation data looms By Investing.com
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Investing.com – U.S. stock index futures were in a narrow range in overnight trade on Sunday as Wall Street saw some stability after last week’s wild swings, with focus shifting to key inflation data due this week. Wall Street indexes initially posted sharp losses last week, but ended the week…
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UK employers plan lowest pay rises in two years
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Employers in the UK are planning their lowest pay rises in two years, according to the latest survey from the Chartered Institute of Personnel and Development. Information from Reuters. UK employers plan to raise wages by just 3% next year Lowest planned increase in two years A significant drop from…
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Kawasaki sets record Q1 profits, maintains annual forecast By Investing.com
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Kawasaki Heavy Industries, Ltd. (KHI), a leading Japanese manufacturer, reported record profits for the first quarter of the fiscal year ending March 31, 2025, during its earnings call. Despite challenges in some segments, the company saw an overall increase in revenue and profits, attributed to favorable exchange rates and strong…
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Weekend – Bank of America forecast no US recession, Fed rate cuts in September & December
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Bank of America CEO Brian Moynihan spoke about American TV Over the weekend. He warned the Federal Open Market Committee (FOMC): The Fed is in a position where it has to be careful not to slow down too much. He was referring to the planting of spending among consumers: Well,…
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InspireMD reports growth and anticipates US launch By Investing.com
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InspireMD (NASDAQ:), Inc. (NYSE American: NSPR), a medical device company, reported a revenue increase in the second quarter of 2024 and discussed significant milestones for their CGuard Carotid Stent System during their latest earnings call. CEO Marvin Slosman presented one-year outcomes data for CGuard, which showed a promising low major…
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Premium Forex Watch Recaps: Aug. 5 – 6, 2024
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Our currency strategists have decided this week to focus on the Reserve Bank of Australia’s monetary policy statement and the latest jobs data from New Zealand to discuss the price outlook for this week. Of the four scenario/price outlook discussions this week, It can be said that both discussions witnessed…
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CCL Industries reports strong Q2 growth, cautious outlook By Investing.com
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CCL Industries Inc. (CCL), a global leader in specialty label and packaging solutions, has reported a robust performance for the second quarter of 2024, with a notable 12.2% increase in sales, reaching $1.85 billion. This growth was attributed to organic expansion, strategic acquisitions, and favorable currency translations. Operating income saw…