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HONG KONG, China (AFP) — Asian markets built on a global rally on Monday following another record close in New York as traders welcomed Donald Trump’s promise of details on tax reform and his softer tone on China and Japan. Shares soared at the end of the week after the new US president finally broke his silence over fiscal policy, saying he would unveil a “phenomenal” tax plan within three weeks. That was followed by […]
HONG KONG, China (AFP) — Asian markets mostly fell Tuesday, with concerns about upcoming European elections and Donald Trump’s unpredictable presidency fuelling uncertainty. With investor nerves shredded by a succession of outbursts from the new US president, safe-haven assets rose. Gold pushed higher and while the yen eased from three-month highs against the dollar it continued to hold recent gains. The weakness across markets is in contrast to the two-month rally that followed Trump’s election […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday with investor sentiment buoyed by solid US job gains and a move by President Donald Trump to roll back financial regulations. US non-farm payrolls for January came in above forecast at 227,000 new jobs on Friday, with hiring up in retail, construction and the financial sector, the Labor department said. Trump ordered a review of key reforms enacted after the 2008 financial crisis, in the first […]
HONG KONG, China (AFP) — Most Asian markets rose again Friday following another positive lead from Wall Street, with Tokyo boosted by a plunging yen, although traders remain nervous about the outlook for global trade with Donald Trump in the White House. After one of the best weeks in January, gains were tempered with investors taking a breather as they keep an eye on developments in Washington where Trump is pushing on with his “America […]
HONG KONG, China (AFP) — The global rally in stocks pushed into another day, with Tokyo leading a surge in Asian markets Thursday following another record close on Wall Street that saw the Dow hit a historic milestone. After weeks of unease across trading floors, investors around the world have refound the optimism that fuelled a surge in the two months after Donald Trump was elected president. The latest lease of life comes after the […]
HONGKONG, China (AFP) — Asian equities reversed early gains in volatile trade Wednesday as early results from the US presidential election indicated a knife-edge result, with market favourite Hillary Clinton struggling in key battleground Florida. Investors across the planet have grown increasingly confident the former secretary of state will win the vote over firebrand tycoon Donald Trump. But as the votes in Florida came in, Trump was building a healthy lead. The state is considered […]
HONG KONG, China (AFP) — Asian markets rallied Monday with financials up on easing fears about the future of German giant Deutsche Bank after a source said it was nearing a deal to slash a multi-billion-dollar US fine. Traders fled for cover last week, sending stocks reeling Friday, after US officials slapped the lender with a $14 billion charge over its role in the subprime mortgage crisis. The gigantic figure fuelled fears the bank […]
HONG KONG, China (AFP) — Most Asian markets fell again Thursday, led by a more than one percent loss in Tokyo, ahead of key policy meetings in the United States and Japan next week. Traders worldwide are focusing on the central bank gatherings, hoping they will clear up some uncertainty about monetary policy in two of the world’s biggest economies. Equity markets have been hit by volatility the past week after two Federal Reserve officials suggested US […]
HONG KONG, China (AFP) — Most Asian markets slipped Wednesday as traders trod water ahead of a key speech by Federal Reserve boss Janet Yellen this week, while oil suffered fresh losses on persistent glut worries. With speculation growing that US interest rates could rise by the end of the year, Yellen’s comments at a global central bankers meeting in Jackson Hole Friday will be scoured for forward guidance on US central bank policy. There […]
HONG KONG, China (AFP) — Asian shares turned lower Friday following losses in New York and Europe as traders fret over the state of the global economy, with potentially big market-moving events coming into focus. After a healthy run of recent gains helped by rising oil prices, investors took a step back as the head of the European Central Bank (ECB) called for action to kickstart eurozone growth — which was taken as a sign its […]
by Daniel Leussink TOKYO, Japan (AFP) — Asian markets broadly retreated Wednesday as dealers remained cautious, with airlines taking a hit in the aftermath of the deadly Brussels bombings. The losses tracked a sell-off in tourism-related stocks in the United States and Europe following Tuesday’s carnage in Belgium. Explosions in the Brussels subway and Zaventem airport just outside the Belgian capital, claimed by the Islamic State group, left around 35 dead and more than 200 injured. […]
HONG KONG, China (AFP) — Asian markets mostly fell early Friday after the head of the European Central Bank suggested its latest rate cut could be its last, stoking fears over the limitations of finance chiefs to drag the global economy out of its torpor. The ECB on Thursday announced a cut in its deposit rate further into negative territory as part of a series of stimulus measures that also included a ramping up of its huge […]
