China is in talks with Japan and South Korea – both US allies – about a possible trilateral currency swap to bolster the region’s financial safety net and deepen economic cooperation amid US President Donald Trump’s trade war, according to a source familiar with the issue. Pan Gongsheng, governor of the People’s Bank of China…
By Howard Schneider and Leika Kihara JACKSON HOLE, Wyoming (Reuters) -Bank of Japan Governor Kazuo Ueda said wage hikes are spreading beyond large firms and likely to keep accelerating due to a tightening job market, signaling his optimism that conditions for another interest rate hike were falling into place. The remarks are likely to reinforce…
Wall Street inched a little higher Wednesday ahead of the Federal Reserve’s latest decision on interest rates. Futures for the S&P 500 rose 0.3% before the bell, while futures for the Nasdaq rose 0.4%. Futures for the Dow Jones Industrial Average ticked up 0.2%. If the Fed leaves interest rates alone as expected Wednesday, the…
Asian stocks are poised for cautious gains after US shares rose on Friday and as global markets enter a seasonally strong period. Developing nation assets will be in focus after further tariff threats from US President-elect Donald Trump. Source link
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors hoping that Nvidia’s eagerly-awaited earnings after the U.S. close on Wednesday would inject renewed vigor into world markets will be disappointed, heralding the prospect of a lukewarm open in Asia on Thursday. Wall Street spent all day Wednesday firmly in…