A residential project in Yau Tong triggered buying euphoria on Saturday, with more than 70 per cent of the 150 units on offer snapped up by midafternoon amid heightened expectations for a recovery in Hong Kong’s home market next year. The flats at One Park Place, priced between HK$4.23 million (US$543,684) and HK$9.51 million, were…
Asian shares held steady on Tuesday after recent strong gains, as optimism over easing global trade tensions kept investor sentiment positive. Tech stocks continued their rally ahead of key earnings from major companies this week.Expectations of potential interest rate cuts in the United States and Canada supported bond markets, while the dollar remained flat as…
US stock futures rose on Wednesday amid hopes for interest-rate cuts, with more Wall Street banks set to lead out the next wave of reports in a promising start to earnings season. Dow Jones Industrial Average futures (YM=F) moved up roughly 0.4%, following a rocky session on Tuesday for markets. Meanwhile, contracts on the S&P…
Oct 9 (Reuters) – Wall Street’s main indexes edged lower on Thursday after Federal Reserve Chair Jerome Powell offered no fresh policy signals, leaving investors to rely on older data to shape sentiment. While markets have priced in aggressive interest rate cuts on hopes that the Fed will prioritize labor market support, minutes from the…
US nonfarm payrolls for the 12 months ended March 2025 were slashed by 911,000 jobs, according to preliminary revisions released Tuesday by the Bureau of Labor Statistics. Economists had predicted a downward shift of 682,000 jobs for the period, according to analysts tracked by Bloomberg data. The revisions follow an August payrolls increase of only…
US stock futures trod water on Tuesday as investors waited for a revision to jobs numbers, seen as likely to show further labor-market weakness that could reset expectations for interest-rate cuts. Dow Jones Industrial Average futures (YM=F) nudged up 0.1%, while those on the S&P 500 (ES=F) gained 0.2%. Contracts on the tech-heavy Nasdaq 100…
Hong Kong is on track to return to an operating account surplus for the 2025-26 financial year, with the result largely fuelled by a surge in stamp duty income from the city’s robust stock market performance, the finance chief has said. Financial Secretary Paul Chan Mo-po made his prediction of a surplus – set to…
Hong Kong is on track to return to an operating account surplus for the 2025-26 financial year, with the result largely fuelled by a surge in stamp duty income from the city’s robust stock market performance, the finance chief has said. Financial Secretary Paul Chan Mo-po made his prediction of a surplus – set to…