European Stock Markets Drop On Weak Data
European stock markets retreated Monday on further poor economic data for the region and following a mixed showing by major Asian indices.
Stocks Struggle To Recover From Selloff, Fed Rate Fears Linger
Asian markets fluctuated Thursday following a plunge on Wall Street as a forecast-beating US jobs report revived worries about the Federal Reserve's interest rate-hiking campaign.
Asian Markets Drop As US Downgrade Jolts Latest Rally
Asian markets followed Wall Street lower Wednesday as the wind came out of the latest rally, with traders jolted by the downgrade of US sovereign debt, soft economic data and concerns about elevated valuations.
Asia Joins Wall St Rally On US Rates, China Hopes
Markets rallied Monday, tracing another bump on Wall Street, where investors cheered a further slowdown in US inflation that stoked optimism the Federal Reserve will not have to hike interest rates again.
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Turkey Hikes Interest Rates But Disappoints Markets
Turkey's central bank hiked its main interest rate for the second month in a row on Thursday but analysts said the unwinding of President Recep Tayyip Erdogan's unconventional policy was too timid to tame inflation.
Markets Mostly Rise On Rate Hopes But China Fears Weigh
Markets mostly rose Thursday on signs that more than a year of interest rate hikes around the world was subduing inflation, giving central banks room to take a softer approach to monetary policy.
Markets Struggle As Rally Fades, China Growth Misses Forecasts
Asian markets struggled Monday to build on last week's rally, with new data showing China's economy grew less than expected in the second quarter as its post-Covid recovery runs out of steam.
Markets Extend Rally On Hopes Fed Near End Of Rate Hike Cycle
Asian traders on Friday welcomed more data showing falling US inflation, giving the Federal Reserve room to bring the curtain down on more than a year of interest rate hikes.
Asian Markets Rise As China Pledges Fresh Property Support
Asian markets rose Tuesday, with Hong Kong and Shanghai lifted by China moves to support its struggling property sector and authorities' pledged further help for the economy.
Tech Rally Helps Hong Kong Lead Most Asia Markets Higher
Hong Kong led gains in most Asian markets Monday on hopes China has ended its long-running crackdown on the tech sector after imposing huge fines on the fintech affiliates of Alibaba and Tencent.
Asian Markets Track US Losses With Rates Seen Rising Further
Markets fell in Asia on Thursday as traders contemplated the prospect of more central bank interest rate hikes as they struggle to tame persistently high inflation.
Markets Extend Global Rally After 'Goldilocks' US Jobs Data
Asian equities on Monday built on a global rally after a mixed US jobs report lifted hopes the Federal Reserve will hold off hiking interest rates this month.
Asian Markets Mostly Rise On US Debt Ceiling Optimism
On Thursday, Biden reiterated his pledge that "there will be no default" despite the wrangling, adding that talks with McCarthy, who leads the Republican negotiators, had been "productive".
Asian Markets Sink As US Debt Talks Stall
All eyes are now on Washington, where President Joe Biden and House Speaker Kevin McCarthy have had a number of meetings to find a path to lifting the borrowing limit from the current $31.8 trillion.
Markets Mostly Rise After 'Productive' Biden-McCarthy Debt Talks
Months of negotiations have failed to break the deadlock and lift the borrowing limit from the current $31.8 trillion, but things appear to be moving in the right direction after a series of Biden-McCarthy meetings.
Asian Markets Mixed As Sluggish Debt Talks Worry Investors
Regional traders were provided a tepid lead from Wall Street, where disappointing retail sales data and weak earnings from Home Depot indicated softening consumer demand.
Asian Markets Drift Lower As US Inflation Data Looms
The Fed hinted at a possible pause in its long-running tightening cycle but observers warned that any sign inflation is creeping up would put pressure on officials to turn the screws further.
Asian Markets Mixed After US Fed Hikes Rates Again
All three major US indices declined along with the dollar after the Fed's latest hike, while recession worries drove US oil prices below $70 a barrel, where they remained on Thursday.
Asian Stocks Down After Wall Street Losses
Investors were also positioning themselves ahead of an expected US Federal Reserve rate hike on Wednesday, and one from the European Central Bank on Thursday.
Asian Markets Open Higher As Investors Weigh Wall Street Losses
Adding to investor uncertainty were raised fears about the banking sector after another US regional lender went under.
Asian Stocks Rise After Big Gains On Wall Street
Fears of further turmoil in the banking sector, which had acted as a drag on global markets, also appeared to be dissipating as shares in troubled US lender First National Bank rose after two battering sessions.
Asian Stocks Off To Shaky Start After Rout On Wall Street
Lacklustre US consumer data and mixed earnings reports fed those fears during trading hours, with US stocks in the red the entire day.
Asian Markets Track Wall St Losses On Rate, Recession Fears
Investors were also spooked by earnings reports from US regional banks that pointed to a weakening profit outlook following sector turmoil last month that saw three lenders collapse.
Asian Markets Mixed As Traders Await Key Inflation Report
The discussion comes as fears about the financial sector -- following turmoil last month that saw two US lenders go under -- have been tempered in recent weeks.
Asian Markets Edge Up In Thin Trade Ahead Of US Jobs
The closely watched report comes after a series of releases this week pointed to a softening of the labour market, suggesting Federal Reserve rate hikes over the past year are kicking in.
Asian Markets Swing As Oil Surge Weighs On Fed Rate Hopes
Crude held on to Monday's surge of more than six percent that came after top producers announced a surprise output cut, providing a fresh headache to central bankers as they battle inflation.
Asian Stocks Rally As Banking Anxiety Eases; Alibaba Surges
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.82% higher, while Japan's Nikkei advanced 0.49%.
Asian Markets Extend Global Rally As Banking Sector Fears Ease
A rollercoaster week was on course to end on a positive note after several Wall Street titans including JP Morgan, Bank of America and Citigroup stumped up $30 billion to deposit into troubled First Republic.
Asian Shares Gain As Fears About Rapid Fed Hikes, Bank Crisis Fade
Investors piled back into stocks in U.S. markets overnight as fears about contagion in the banking sector following the collapse of Silicon Valley Bank (SVB) last week eased.
Most Asian Markets Sink After US Lender's Collapse
The collapse Friday of Silicon Valley Bank, which specialises in venture-capital financing largely in the tech sector, came after a huge run on deposits left it unable to stay afloat on its own.
Oil Stabilises As Surprise US Crude Draw Offsets Rate Hike Jitters
Supporting the market on Wednesday, data from the American Petroleum Institute showed U.S. crude inventories fell by about 3.8 million barrels in the week ended March 3, according to market sources.
Asian Markets Mixed As US Rate Saga Plays Against China Reopening
The long-running saga over prices, borrowing costs and recession speculation returned to the fore in US trading.
Oil Steadies On China Growth Hopes
Oil prices were steady in Asian trade on Tuesday, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further U.S.
Asia Stocks Feel Rate Squeeze, Dollar Gets The Lift
China has manufacturing surveys and the National People's Congress kicks off at the weekend and will see new economic policy targets and policies, as well as a reshuffling of government officials.
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