U.S. futures were up this morning in early trading after the S&P 500 rose 2% on Thursday. That’s nice, but the broader global markets have spoken loud and clear ever since President Trump’s “Liberation Day” announcement on trade tariffs: Most Asian markets have performed way better than Western ones. Some, like Japan’s TOPIX, are even…
President Trump has continued to voice his dissatisfaction with Federal Reserve Chair Jerome Powell. But should the president go as far as attempting to fire Powell, strategists say it would add to the pressure on US stocks. Michael Goosay, Principal Asset Management’s chief investment officer of global fixed income, told Yahoo Finance that such a…
Foreign investors could become more confident about equity markets in Hong Kong and mainland China if enhancements were made to the Stock Connect programme, a financial industry group said, amid a rally driven by hopes for a policy shift from Beijing and enthusiasm about innovation in the technology sector. Lyndon Chao, managing director of the…
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed nearly flat on Wednesday after facing pressure early in the session, which was countered by dollar sales by state-run banks and as traders awaited the U.S. Federal Reserve’s monetary policy decision. The rupee closed at 86.54 against the U.S. dollar, barely changed from its close…
More foreign property investors in the Greater Bay Area are likely to sell off assets this year amid lingering uncertainties in the real estate market in mainland China. Analysts attributed the expected sales to escalating geopolitical tensions and lower investment yields as the area’s commercial property market is plagued with oversupply. Speculation about China Vanke’s…
By Rae Wee SINGAPORE (Reuters) – Asia shares eased on Wednesday on the back of weakness in China, as investors brace for a tightly contested U.S. election that could have huge ramifications for the world’s second-largest economy, even as Beijing tries to shore up growth. Gold rose to an all-time high as jitters over the…
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is poised to open nearly flat on Friday amid a rally in the dollar index and U.S. rates and expectations that the country’s central bank will aid the local currency. The 1-month non-deliverable forward indicated that the rupee will open barely changed to the U.S. dollar…
By Samuel Shen, Ankur Banerjee and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s highly anticipated announcement of financial stimulus plans on Saturday was big on intent but low on the measurable details that investors need to ratify their recent return to the world’s second-biggest stock market. Saturday’s news conference by Finance Minister Lan Foan reiterated Beijing’s…
The onset of the festive season didn’t bring the cheer India’s stock market investors had hoped for. They turned poorer by ₹11 trillion on record foreign investor outflows amid a sharp bounce back in Chinese stocks following recent fiscal and monetary stimulus measures, escalating tensions in West Asia, and expensive share valuations. These factors coincided…
By Ankur Banerjee and Laura Matthews SINGAPORE/NEW YORK (Reuters) – As the market euphoria to China’s biggest stimulus since the pandemic settles, foreign investors are now asking whether the $114 billion toolkit will provide the spark needed to turn around a beat-up stock market. Chinese equities have lagged major markets all year, despite a series…