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NEW YORK, United States (AFP) — Global stocks fell Monday as protests across China in opposition to the government’s hardline zero-Covid policy fueled uncertainty about the world’s number-two economy. Hundreds of people took to the streets in China at the weekend, in a wave of demonstrations not seen since pro-democracy rallies in 1989 were crushed. China-linked stocks took the brunt of selling in Asia, with Hong Kong’s Hang Seng Index closing down more than one […]
Hong Kong, China (AFP) Stocks and oil prices sank Monday on concerns about protests across China calling for political freedoms and an end to the government’s hardline zero-Covid policy, fuelling uncertainty in the world’s number-two economy. Hundreds of people took to the streets at the weekend in the country’s biggest demonstrations since pro-democracy rallies in 1989 were crushed. A deadly fire in the Xinjiang region on Thursday served as the catalyst for the public anger, […]
Singapore, Singapore | AFP | Crypto.com’s CEO tried Monday to reassure investors after the company had to recover $400 million following an erroneous transfer, further shaking markets rattled by the collapse of fellow trading site FTX. Chief of the Singapore-based firm Kris Marszalek said on a livestream the company had a “very strong balance sheet”. The platform managed to recover $400 million after it had transferred the ether cryptocurrency to the wrong account. FTX’s bankruptcy […]
New York, United States | AFP | Wall Street stocks retreated Wednesday after the Federal Reserve announced another big interest rate hike and signaled expectations for more increases. Near 1920 GMT, the Dow Jones Industrial Average was down 0.7 percent at 32,431.91. The broad-based S&P 500 dropped 1.4 percent to 3,800.96, while the tech-rich Nasdaq Composite Index fell 2.1 percent to 10,665.51. The US central bank, as expected, raised the benchmark borrowing rate by 0.75 […]
HONG KONG, China (AFP) — The euro, pound and yen all held their gains against the dollar Thursday and equities rose as traders grow increasingly hopeful the Federal Reserve will slow its pace of interest rate hikes Hong Kong led the gains thanks to a surge in tech firms, extending a recovery from Monday’s rout that was fueled by worries of Xi Jinping’s tightened grip on power in China. After a painful year for markets […]
HONG KONG, China (AFP) — The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the pound, though equity traders struggled to claw back recent losses owing to recession fears. While central banks around the world are ramping up interest rates to fight inflation, the main focus is on the US Federal Reserve’s increasingly hawkish tone that has seen it unveil three […]
HONG KONG, China (AFP) — Stocks fell Wednesday ahead of what many expect to be a third successive jumbo rate hike by the Federal Reserve, while the dollar hit fresh multi-decade highs against the pound and euro after Russia stepped up its war in Ukraine. Equities around the world have been clattered by fears of a recession in major economies as central banks ramp up borrowing costs to combat the highest inflation in decades, which […]
HONG KONG, China (AFP) — Asian stocks largely continued a global rally on Tuesday, ahead of the release of key US consumer price data that is expected to show slightly slowing inflation in the world’s largest economy. Stocks rose in Japan, Australia, Singapore and Taiwan, with South Korea and Shanghai also gaining after reopening following a public holiday. European stocks were steady at the open. Hong Kong shares edged lower at the close, erasing […]
Tokyo, Sydney, Seoul, Singapore, Jakarta and Wellington all rose, but Hong Kong, Shanghai and Manila sank HONG KONG, China (AFP) — Asian markets were mixed Tuesday with confidence at a premium as traders contemplate the prospect of more Federal Reserve interest rate hikes and a possible recession. Wall Street suffered another day in the red after Friday’s capitulation in response to a warning from US central bank boss Jerome Powell that more tightening was needed […]
HONG KONG, China (AFP) — Markets sank Monday and the dollar rallied after Fed boss Jerome Powell warned of more interest rate hikes to fight inflation and poured cold water on the prospects of a cut in the new year. The hefty selling tracked a painful day on Wall Street, where all three main indexes tanked between three and four percent as investors contemplated an extended period of monetary tightening. In a much-anticipated speech […]
by Roland JACKSON Agence France-Presse NEW YORK, United States (AFP) — European natural gas prices climbed Thursday towards a record peak on heightened fears over Russian supplies, while equities rose on the eve of a key speech from Federal Reserve Chair Jerome Powell. Europe’s benchmark Dutch TTF gas contract advanced to 322 euros per megawatt hour, not far from the record high 345 euros struck in March shortly after key gas producer Russia invaded Ukraine. […]
London, United Kingdom (AFP) by Roland JACKSON European natural gas prices climbed Thursday towards a record peak on heightened fears over Russian supplies, while equities marked time on the eve of a key speech from Federal Reserve chair Jerome Powell. Europe’s benchmark Dutch TTF gas contract advanced to 318 euros per megawatt hour before paring gains. That was not far from the record high 345 euros struck in March shortly after key gas producer Russia […]
