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HONG KONG, China (AFP) — Asian markets staged a tentative recovery Tuesday from the previous day’s steep losses, with investors increasingly anxious about the state of the global economy. With a mixed lead from Wall Street, regional traders had few catalysts to drive buying, while safe-haven flows saw the dollar edge up against high-yielding currencies. Attention is also back on London, where MPs essentially wrested control of the Brexit debate from Prime Minister Theresa May […]
NEW YORK, United States (AFP) — World stock markets were pressured Monday, with Asia taking the heaviest hit, as investors worried about signs of a sharp global economic slowdown. Traders shrugged off news that an investigation found no evidence of collusion between US President Donald Trump’s election campaign and Russia. The pound gave up earlier gains to trade lower against the euro and the dollar after Prime Minister Theresa May admitted Monday she still had […]
HONG KONG, China (AFP) — Asian markets plunged Monday after a sharp sell-off on Wall Street fuelled by concerns about the global economy and a possible recession in the United States. There appeared to be very little reaction to news that an investigation found no evidence of collusion between Donald Trump’s election campaign and Russia, which observers said removed some uncertainty from markets. After a broad-based rally since the start of the year built on […]
HONG KONG, China (AFP) — Asian markets rose Monday as investors tracked a positive lead from Wall Street on optimism over the China-US trade talks, while attention turns to the Federal Reserve’s next policy meeting this week. The pound held gains as Prime Minister Theresa May tries to push her EU divorce deal through parliament for a third time, failure of which could see Britain extend its exit deadline or possibly crash out of the […]
HONG KONG, China (AFP) — Asian markets rose Friday as Donald Trump struck an upbeat note on trade talks with China, while the pound held steady after British MPs voted to delay Brexit. While there remain some concerns about the global outlook, investor confidence has been supported by ongoing optimism that the world’s two biggest economies will eventually hammer out a deal to end their long-running trade row. The US president provided fresh cheer Thursday […]
HONG KONG, China (AFP) — The pound retreated from nine-month highs in Asia on Thursday as investors are dogged by Brexit uncertainty, while equities were mixed as a healthy Wall Street lead was offset by more disappointing Chinese economic data. In another night of drama in Westminster, MPs voted against leaving the European Union without a deal, having rejected Prime Minister Theresa May’s agreement with the bloc for a second time. The move sent the […]
HONG KONG, China (AFP) — Asian markets retreated Wednesday after two days of gains but the pound enjoyed some stability after the previous day’s sharp losses sparked by Theresa May’s Brexit deal being tossed out by MPs. Sterling saw wild fluctuations Tuesday as it hit a near two-year high on news the prime minister had won a last-minute revision to her agreement with the EU, then tanked to a three-week low as it was rejected […]
NEW YORK, United States (AFP) — The British pound see-sawed Monday as traders jockeyed for position on the eve of another critical parliamentary vote for Prime Minister Theresa May. Meanwhile, in New York, US stocks snapped a five-day losing streak, despite a sharp decline early in the session for Boeing following Sunday’s deadly crash involving one of its a top-selling passenger jets. The British currency kicked off the trading cycle in Asia by tanking to […]
HONG KONG, China (AFP) — Asian markets were mixed Monday as bargain-buying from last week’s sharp losses was offset by a weak US jobs report and ongoing concerns about the global economy. Investors ran for the hills Friday after the European Central Bank slashed its growth and inflation forecasts, and China announced a plunge in exports and imports. Later that day the Labor Department said the US economy created just 20,000 jobs last month, a […]
NEW YORK, United States (AFP) — Wall Street stocks fell Wednesday, continuing its run of recent weakness amid a dimming global economic outlook. The Dow Jones Industrial Average dropped 0.5 percent to finish the session at 25,673.46. The broad-based S&P 500 shed 0.7 percent to 2,771.45, while the tech-rich Nasdaq Composite Index tumbled 0.9 percent to end the day at 7,505.92. After a strong start to 2019, US stocks have generally traded flat to lower […]
NEW YORK, United States (AFP) — Global stocks were mixed Tuesday as markets awaited details on US-China trade negotiations and Brexit talks resumed between the EU and Britain. Wall Street finished a choppy session marginally lower after European bourses had pushed higher, shrugging off Brexit worries. “The market is trying to react to a mixed bag of things,” said Art Hogan, chief market strategist at National. “How much is priced in terms of good news […]
HONG KONG, China (AFP) — Asian markets retreated Tuesday as investors awaited fresh developments in the China-US trade talks, while Beijing lowered its growth forecasts for this year and unveiled massive tax cuts to support the stuttering Chinese economy. Equity investors tracked losses on Wall Street, where the global rally hit a bump as optimism that the world’s top two economies are heading for a tariffs deal was replaced by a need for clarity on […]
