Call it a reflex rally, call it a dead cat with a heartbeat — either way, Asia’s walking in green this morning, not bleeding. And that alone tells you something. After a U.S. session that looked like a Powell-led dunk into the stagflation abyss, locals are fading the fear and trading the Tokyo “ Art…
Global stock markets started the week on the front foot on Monday as investors welcomed China’s plans to kickstart consumption in the world’s number two economy, with upcoming central bank rate decisions also in focus. Relief about a US government shutdown being avoided helped counterbalance disappointing US economic data. Investors were keeping tabs on Beijing…
Markets Asian stocks may face geopolitical pressure on Monday, but not from the usual U.S.-China disputes. Instead, rising ideological tensions between the U.S. and the European Union and looming central bank policy decisions are taking center stage. However, if you’re looking to sell the China or U.S. tape on this news, history suggests these flare-ups…
Risk appetite continues to dwindle this week and European shares have opened lower, although the FTSE 100 is eking out a gain. There is too much uncertainty which is eroding the foundations of a broad-based stock market rally as we move through February. The two big themes driving markets right now are earnings reports and…
Chinese authorities on Thursday introduced several measures to stabilize its stock markets, including allowing pension funds to increase investments in domestic equities. Chinese officials said there will be hundreds of billions of Yuan in new long-term capital for A-shares every year from state-owned insurance companies. A pilot scheme enabling insurers to purchase equities will be…
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Hong Kong and Shanghai stocks rallied Tuesday after China pledged to adopt a looser monetary policy to revive the stuttering economy, while Seoul rebounded after days of losses fuelled by the brief declaration of martial law by South Korea’s president. In the latest bid to kickstart growth, President Xi Jinping and other top leaders announced…
{KXLG – Watertown, SD} The Boys & Girls Club of Watertown has announced in a notice sent to parents changes to its membership fee structure for 2025, effective from the next enrollment period. The increase would be the first increase in eight years for the club. According to the notice, the fee increase is necessitated…
Major stock markets mostly dropped Monday on profit-taking and oil prices jumped as traders weighed fresh interest-rate cuts from China’s central bank aimed at reigniting the world’s second-biggest economy. Another record session Friday on Wall Street failed to carry over into the new week and inspire a similar rally elsewhere, as main equity indices mostly…
Asian markets swung Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world’s number two economy, while gold hit a record high on geopolitical concerns. Another record day on Wall Street on Friday was unable to inspire a similar rally at the start of the week, with traders also gearing…