Kiyoshi Ota | Bloomberg | Getty Images Asia-Pacific markets opened mixed on Wednesday, following gains on Wall Street that saw both the S&P 500 and the Dow Jones Industrial Average reach new highs. Investors await the Federal Reserve’s rate decision due Wednesday stateside, and will also assess economic data from Japan as well the Indonesian central…
The Hong Kong government is preparing to issue its maiden policy statement on the use of artificial intelligence in finance, according to people familiar with the matter, in a move that could catalyze the use of the technology in areas from trading to investment banking and cryptocurrencies. The city’s Financial Services and Treasury Bureau plans…
Traders work on the New York Stock Exchange floor on Sept. 13, 2024. Spencer Platt | Getty Images Stock futures were flat Monday evening as Wall Street readied for key retail sales data and the start of the Federal Reserve’s September policy meeting. Intel shares popped 8% in extended trading after the company said it…
Market heavyweight Apple (AAPL) has become range-bound within the context of its primary uptrend. On the weekly bar chart, AAPL has its first MACD ‘sell’ signal since January. This reflects a notable loss of intermediate-term momentum, suggesting AAPL has entered a corrective period that could prolong itself several weeks. The weekly stochastics have also turned…
Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images A flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves…
Traders are growing increasingly worried about China’s economy following another weak reading on retail sales as officials struggle to boost consumer activity MARK RALSTON Text size Asian investors trod cautiously Monday as they struggled to build on recent equity gains, with debate swirling around how big an expected US interest rate cut will be this…
Hong Kong skyline. Billy H.C. Kwok | Bloomberg | Getty Images Asian markets opened mixed Monday, with Hong Kong stocks falling as investors assessed downbeat economic data from China, while several key markets were closed for holidays. Hong Kong’s Hang Seng index fell 0.76% on open, after China released a slew of worrying economic data…
Back in January, Premier Li Qiang trumpeted China’s success in exceeding its 2023 growth goal without resorting to “massive stimulus.” Repeating the same feat this year now looks less likely. Pressure is growing on Chinese authorities to quickly ramp up fiscal and monetary stimulus to hit this year’s growth target of around 5%. Data published…
Before taping a Friday “Mad Money,” I always look at the week’s market performance just in case the percentages are noteworthy. They usually aren’t. But this week things were different, very different. The S & P 500 and the Nasdaq had their best weekly gains of 2024, gains that made up for the prior week, which…
Welcome to CFO Briefing, a newsletter devoted to corporate finance and what leaders need to know. If this was forwarded to you, sign up here . This week’s highlights include a dive into what finance chiefs are saying and doing ahead of the Fed’s expected rate cut. Plus, the CFO of China-owned agricultural firm Syngenta…