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HONG KONG, United States (AFP) — Most Asian markets rose on Friday as traders overcame early jitters about the China-US trade talks that were fuelled by a report saying Beijing officials had raised doubts about the chances of a long-term deal. Investors were also spooked by a speech by Secretary of State Mike Pompeo, in which he called China “truly hostile” to the US, leading Beijing to accuse the White House of “viciously” attacking it. […]
HONG KONG, China (AFP) — Asian markets mostly rose Tuesday, taking up the baton after a record close on Wall Street, with investors filled with a renewed sense of hope over China-US talks, while the pound was winning support from easing Brexit fears. Expectations for another Federal Reserve interest rate cut this week and a strong corporate reporting season were also providing a much-needed lift to confidence after a rollercoaster year on global trading floors. […]
HONG KONG, China (AFP) — Asian markets rallied Monday after China and the US said they were close to agreeing on a mini trade deal, but the pound extended losses on fresh Brexit uncertainty while EU leaders consider extending a deadline for Britain to leave the bloc. Investors tracked a strong lead from Wall Street, where the S&P 500 flirted with another record after the US Trade Representative’s office said the top-level negotiators had held […]
HONG KONG, China (AFP) — Asian markets sank Wednesday and the dollar struggled to bounce back following a worse-than-expected reading on US factory activity that revived worries about the impact of the trade war on the global economy. Adding to the selling pressure in Hong Kong were long-running concerns about the impact of increasingly violent pro-democracy protests in the city that saw a demonstrator shot and wounded by police on Tuesday. Regional investors took their […]
HONG KONG, China (AFP) — Asian markets fell Friday following declines on Wall Street as the impeachment inquiry into President Donald Trump weighed on sentiment. Political turmoil in Washington following the release of a whistleblower’s complaint overshadowed positive comments from Trump on US-China trade talks and steps towards a new agreement with Japan. The incendiary complaint alleges Trump sought to enlist Ukraine to help his 2020 campaign and then conspired with staff to cover it […]
by John BIERS NEW YORK, United States (AFP) — Wall Street stocks rallied Wednesday following upbeat comments from Donald Trump on China trade talks, while US investors largely shrugged off the just-announced impeachment investigation of the US president. Among other markets, the British pound retreated on Brexit uncertainty, while oil prices fell after a report showed higher US oil inventories. Trump’s strident remarks on China at the United Nations had been among the factors that […]
HONG KONG, China (AFP) — Oil prices rallied Monday after Iran warned the presence of US forces in the Gulf was causing instability in the region, while equities were mostly down as Donald Trump said he did not want a partial trade deal with China. While a loosening of monetary policy by central banks is providing support to investors, they remain on edge following last week’s attack on Saudi oil facilities that was claimed by […]
NEW YORK, United States (AFP) — Oil prices shot higher Thursday on fresh supply concerns in the Middle East, while on most markets stocks climbed after the US Federal Reserve’s decision to cut interest rates. Brent oil jumped nearly 1.3 percent as traders seized on resurfacing tensions in the crude-rich Middle East. The market had surged at the start of the week after drone attacks on Saudi oil facilities on Saturday. Traders remain on red […]
HONG KONG, China (AFP) — Oil prices saw a record surge Monday after attacks on two Saudi facilities slashed output in the world’s top producer by half, fuelling fresh geopolitical fears as Donald Trump blamed Iran and raised the possibility of a military strike on the country. Brent futures surged $12 in the first few minutes of business — the most in dollar terms since they were launched in 1988 and representing a jump of […]
NEW YORK, United States (AFP) — Global stock markets were mixed on Monday ahead of key US economic data and a European Central Bank meeting, while crude prices gained as the new Saudi oil minister signaled he would defend oil prices. Major US stock indices finished little changed ahead of key reports on consumer prices and retail sales for August later in the week. Investors are in “wait and see” mode, said Art Hogan, chief […]
HONG KONG, China (AFP) — Most Asian markets fell on Monday as fresh Chinese and US tariffs on goods worth hundreds of billions of dollars kicked in, though Donald Trump reiterated that the two sides were still due to holds talks this month. Hong Kong was also being weighed by another weekend of violence, fuelling worries about possible Chinese intervention in the financial hub, while the unrest has also hit property firms and Macau’s casinos. […]
HONG KONG, China (AFP) — Asian markets rose Tuesday, recovering from the previous day’s pounding, after Donald Trump said China-US trade talks would resume soon, though the president’s sharp changes in tone are keeping investors on edge. Regional equities tanked and the yuan plunged Monday in response to news at the weekend that Washington would hike tariffs on more than half-a-trillion dollars of Chinese imports after Beijing unveiled levies on tens of billions of US […]
