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TOKYO, Japan (AFP) — Tokyo stocks fell Thursday morning as profit-taking and a stronger yen overshadowed a fifth successive record close on Wall Street. New York’s three main indexes pressed on with their surge after figures showed US inflation hit a four-year high in January, fuelling bets on an interest rate hike soon. US equities have soared since President Donald Trump last week vowed to release details of his promised tax cut plan within two […]
SINGAPORE, Singapore (AFP) — Oil prices dipped in Asia Tuesday after mounting a strong rally the day before as traders remain doubtful that talks on an output freeze among key crude producers will lead to agreement. US crude rose back above $30 a barrel and European benchmark Brent climbed well over $34 on Monday on hopes that the discussions would lead to concrete action to stabilise the battered market. But at around 0600 GMT on Tuesday, US […]
HONG KONG, China (AFP) — Asia’s share rally stalled Tuesday, as a boost from Wall Street was overshadowed by renewed weakness in the price of oil. Japanese stocks were broadly flat while Shanghai and Hong Kong were down in early trade, the day after Chinese markets surged on the announcement of a new securities regulatory chief. Mace Blicksilver, the US-based director of Marblehead Asset Management, said he was “cautious” about the prospect for further gains. “I […]
HONG KONG, China (AFP) — The rally in Asia stocks fizzled out Friday, as a renewed weakening in the price of oil dampened sentiment and safe haven assets such as the yen received a boost. US crude fell below $31 a barrel as traders digested news that American stockpiles rose to the highest in more than eight decades. While turbulence in Asian markets has abated this week with losses earlier in the year being partially […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower Friday, as a stronger yen dented exporters and Wall Street disappointed. US equities fell on Thursday after a recent rally in oil prices fizzled, offering a weak lead to Japanese stocks at the start of the global day. The benchmark Nikkei 225 index at the Tokyo Stock Exchange dropped 0.90 percent, or 146.40 points, to 16,050.40 in opening deals, after a 2.28-percent jump the previous day. The […]
TOKYO, Japan (AFP) — Japan swung back to a trade deficit in January as exports to China plunged, official data showed Thursday, underscoring the impact of a slowdown in one of Tokyo’s biggest trade partners. The disappointing figures come after Japan’s economy shrank 0.4 percent in the October-December quarter — or an annualised 1.4 percent drop — owing to weak demand for big-ticket items like cars and home appliances. That was Japan’s second quarterly contraction […]
SINGAPORE, Singapore (AFP) — The dollar retreated across the board in Asia Thursday after comments from Federal Reserve boss Janet Yellen on the weak global economy suggested the central bank will not hike interest rates any time soon. The greenback also sank to late 2014 levels against the yen on the back of a flight to safe investments as markets from Asia to the Americas are buffeted by worries over the global outlook. Testifying before Congress on […]
SINGAPORE, Singapore (AFP) — Oil prices rebounded on bargain-buying in Asia Wednesday after the previous day’s plunge but analysts warned any gains would be limited as the global glut that has hammered markets showed no sign of letting up. Investors are also nervously awaiting the release later in the day of a report on US stockpiles that is forecast to show a further increase in inventories. At around 0300 GMT, US benchmark West Texas Intermediate (WTI) […]
Asian equities were subdued on Friday (February 5) and the dollar wobbled ahead of the closely watched U.S. jobs report, which could provide clues on the Federal Reserve’s monetary policy outlook. The markets will look to the U.S. jobs data for direction, with the employment report expected to how employers adding 190,000 jobs in January, the median estimate of 108 economists polled by Reuters. Japan’s benchmark Nikkei stock average was down 1 percent despite an […]
Japan’s Nikkei average went up 240.29 to 16949.19, while the broader Topix rose 23.08 points to 1383.31. South Korean shares bounded up early on Wednesday, helped by an overnight bounce on Wall Street and in crude oil prices while retail investors scrambled for bargains but gains were capped by weak China stocks and the pending outcome of a U.S. Federal Reserve meeting. The Korea Composite Stock Price Index (KOSPI) was up 0.7 percent at 1,1884.61 […]
Battered crude oil prices bounced back from their lows on Thursday (January 21, 2015), propelling solid gains in Asian shares and the dollar. Thursday’s gains built on Wall Street’s consolidation overnight in which major indexes finished with declines of more than 1 percent, but well off the 3 percent plus they plumbed in the previous session when U.S. crude had dropped to 2003 lows. Japan’s benchmark Nikkei average added 0.5 percent early after plunging 3.7 […]
The depreciation of the Chinese currency yuan will have little impact on the country’s economy, said Wang Bao’an, director of the National Bureau of Statistics, on Tuesday. “The depreciation of renminbi is triggered by two factors, both domestic and foreign ones. One of them is the appreciation of the U.S. dollar. That’s a practical reflection in China. The appreciation of the U.S. dollar brings about the depreciation of renminbi. I think the depreciation of renminbi […]
