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HONG KONG, China (AFP) — Asian investors trod a cautious path Tuesday, with surging inflation the key point of concern on trading floors, while eyes were also on a virtual summit between Joe Biden and Xi Jinping as they plot their way through a period of tension between the superpowers. Global markets have enjoyed about 18 months of healthy gains — with many hitting record or multi-year highs — thanks to ultra-loose central bank monetary […]
HONG KONG, China (AFP) — Asian markets were mixed Monday following last week’s gains with investors keeping a worried eye on a fresh Covid outbreak in China that could drag on the already stuttering economy. Long-running worries about inflation continued to cast a shadow over trading floors, though a healthy batch of earnings have tempered those concerns in the past couple of weeks. Reporting by tech titans including Amazon, Apple, Samsung and Microsoft are on […]
HONG KONG, China (AFP) — Asian markets rose Tuesday, extending a Wall Street rally as optimism over corporate earnings provided some respite from long-running worries about inflation, central bank tightening and signs of a slowing economic recovery. A string of forecast-beating profit reports from businesses over the past week has provided a much-needed boost to investors who have for much of the year been waiting nervously for finance chiefs to start winding in the vast […]
LONDON, United Kingdom (AFP) — World oil prices vaulted Monday to fresh multi-year pinnacles on strong demand and tight supplies, sparking inflation woes and weighing on most European stock markets. London Brent oil jumped to a three-year high at $84.38 per barrel, while New York’s WTI crude leapt to a seven-year peak $81.72. The recent decision by OPEC and other major producers not to ramp up output has further strained global supplies. “Nerves are still […]
by Roland JACKSON Agence France-Presse LONDON, United Kingdom (AFP) – European and UK gas prices surged Wednesday to record peaks, energised by fears of runaway demand in the upcoming northern hemisphere winter. Europe’s reference Dutch TTF gas price hit 162.12 euros per megawatt hour and UK prices leapt to 407.82 pence per therm in morning deals. However, prices later reversed as supply concerns eased somewhat. “It’s panic and fear with winter just around the corner,” […]
HONG KONG, China (AFP) — Equity markets mostly rose in Asia on Monday following a broadly positive lead from Wall Street, while investors kept a nervous eye on developments in the crisis at troubled Chinese property giant Evergrande as it teeters on the brink. Hong Kong was among the best performers on bargain-buying after suffering a blow-out last week, though traders were still none the wiser about whether Evergrande paid interest on an offshore bond […]
NEW YORK, United States (AFP) — Wall Street stocks ended lower again Thursday as markets weighed better employment data against uncertainty over US monetary policy and President Joe Biden’s infrastructure package. US jobless claims dropped for a second straight week, hitting a new pandemic low and getting closer to their level before Covid-19 broke out. Meanwhile, the European Central Bank (ECB) said it would slow the pace of its massive monthly bond purchases and lifted […]
HONG KONG, China (AFP) — Asian markets rose Tuesday, extending recent gains on optimism about the global outlook, though rising Delta coronavirus cases and worries about a slowdown in the economic recovery continue to cast a shadow. Tokyo’s Nikkei 225 briefly broke 30,000 for the first time in five months on growing expectations for a fresh injection of stimulus after Japan’s prime minister said he would step aside. Traders were also cheered by a better-than-forecast […]
HONG KONG, China (AFP) — Asian markets mostly rose Monday after a big miss on US jobs creation last month fuelled optimism that the Federal Reserve will hold fire on tapering its massive financial support programme, while Tokyo extended last week’s rally on hopes for more economic stimulus. Closely watched data on Friday showed about a third of the expected number of new jobs were added to the world’s top economy in August, largely because […]
HONG KONG, China (AFP) — Bitcoin broke back above $50,000 on Monday for the first time in three months as investors piled back into the cryptocurrency on bargain-buying. The unit climbed around two percent to $50,249.15, its highest since mid-May, when it began tumbling on a range of issues including China’s crackdown on cryptocurrencies and Tesla boss Elon Musk’s decision to stop accepting it on concerns about the environmental impact of mining. The electric car […]
HONG KONG, China (AFP) — Asian markets were broadly down Tuesday as investors weighed record gains on Wall Street against fears the resurgent Delta coronavirus variant may put the brakes on the global economic recovery. Major US indices rebounded overnight from a slow start as bargain hunters stepped up purchases — leaving both the Dow and S&P 500 finishing narrowly positive to extend a streak of record-high closes to a fifth straight day. Buoyed by […]
HONG KONG, China (AFP) — Asian markets fell Friday as a broadly positive week drew to a close with investors pricing in the likelihood that Federal Reserve officials will start withdrawing the vast financial support put in place at the start of the pandemic. The fast-spreading Delta virus variant, which is forcing governments to introduce containment measures, and the Chinese government’s campaign to tighten its grip on the world’s number two economy were also playing […]
