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HONG KONG, China (AFP) — Asian markets staged a rare rally Wednesday following a bounce on Wall Street, with attention turning to the release of key US jobs data later in the week. However, while investors briefly have a spring in their step, a mountain of problems — from China-US trade tensions and Brexit, to Chinese weakness and rising US interest rates — is keeping optimism at a premium. October has been a painful month […]
HONG KONG, China (AFP) — Asian stocks mostly fell Monday, extending last week’s rout as investors remain on edge following another hammering for Wall Street. Even a forecast-busting jump in US economic growth in the third quarter was not enough to prevent all three main indexes in New York from tanking, with the Dow and S&P 500 falling into negative territory for the year. The US losses came after disappointing earnings reports from titans Alphabet […]
HONG KONG, China (AFP) — Asian equities fell again Wednesday extending the previous day’s geopolitics-fuelled sell-off, with energy firms taking another battering in response to an oil market rout. Investors around the world are fleeing riskier assets such as stocks and high-yielding currencies in search of safety as wave of negative issues dominate the news. Stephen Innes, head of Asia-Pacific trading at OANDA, pointed to “a toxic geopolitical cocktail of nagging concerns” from Chinese growth, […]
NEW YORK, United States (AFP) — World stocks were mixed to start the week on Monday, as investor enthusiasm in Asia failed to spread to Europe and Wall Street, where geopolitical worries weighed on indices. In Europe, stocks gave up early gains following a defiant reply to EU critics by Rome, which intends to stick to a controversial spending budget. The dollar rose against major rivals, while oil prices edged lower, as investors also tracked […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — Global stocks mostly fell Thursday on a panoply of worries as varied as higher US interest rates, the diplomatic fallout from the disappearance of a Saudi journalist and rising unease about the eurozone due to Italy’s controversial budget plans. “There are so many things the market is dealing with right now,” said Tom Cahill of Ventura Wealth Management. “People are on edge and […]
NEW YORK, United States (AFP) — Global stocks were mixed Monday as markets sought to pivot from last week’s volatility and oil prices rose amid questions over Saudi Arabia’s role in the disappearance of journalist Jamal Khashoggi. US equities had a choppy session as analysts debated whether the market was ready to turn the page after leading indices dropped the most since March. The S&P 500 ended down 0.6 percent. “US stocks oscillated around the […]
by Richard CARTER Agence France Presse TOKYO, Japan (AFP) — Asian stocks opened the week on the back foot Monday, with investors still in gloomy mood after several days of market turbulence sparked by trade rows and a spat over the US central bank. Japanese equities led the way lower, with the benchmark Nikkei 225 shedding almost two percent, not helped by reports that Prime Minister Shinzo Abe would later Monday announce a hike in […]
HONG KONG, China (AFP) — Asian stocks began Wednesday mixed after a volatile session for US equities and as yields on Treasury bonds retreated from a seven-year peak. Japanese shares opened higher after four days of losses — with purchases making up for the higher yen’s dampening impact — before dropping back into negative territory in mid-morning trade. “After four days of falling… Japanese shares are in a good place for bargain-hunting buys, even though […]
NEW YORK, United States (AFP) — Global stocks finished mixed Tuesday following a meandering session amid lingering worries over higher interest rates as the IMF cut its global growth forecast. Investors have been nervous since the yield on 10-year US Treasury bonds surged above 3.0 percent. The advance followed a stream of strong US economic data that was seen as boosting the likelihood that the Federal Reserve will persist in raising interest rates. Yields continued […]
HONG KONG, China (AFP) — The sell-off in Asian markets slowed on Tuesday, with markets seeing little movement as ongoing US-China tensions simmer. A testy public interaction between Chinese Foreign Minister Wang Yi and US Secretary of State Mike Pompeo in Beijing on Monday refueled market worries about China-US relations, which have taken a hefty knock from tit-for-tat tariffs. “A possible train wreck on the negotiation front could completely derail global markets,” said Stephen Innes, […]
HONG KONG, China (AFP) — Asian markets fell on Monday, extending last week’s sell-off as another strong US jobs reading further fanned expectations the Federal Reserve will hike interest rates at a quicker pace. Shanghai led the retreat as mainland investors returned from a week-long break, during which time China was accused of using microchips in computer equipment sold in the US as part of a drive to steal technology secrets. The losses in China […]
NEW YORK, United States (AFP) — Most of the world’s stock markets pushed higher and the dollar rose Thursday as investors embraced the Fed’s view that the US economy is growing solidly but not at imminent risk of overheating. An exception was Milan, which faltered on worries about its fiscal profile, and Tesla Motors, which dived in after-hours trading on news US securities regulators have charged chief executive Elon Musk for fraud connected to an […]
