Treasury Secretary Scott Bessent expects a substantial drop in inflation during the first six months of 2026, according to statements made Tuesday on Fox Business. Bessent indicated that an announcement regarding President Trump's Federal Reserve chair selection would likely come in early January, with "one or two more Fed interviews" possibly taking place this week. When discussing potential candidates, Bessent noted that both Kevin Warsh and Kevin Hassett are "very very qualified" for the position. He rejected suggestions that Hassett would lack agency at the Federal Reserve, while...
The Nikkei 225 Index climbed 1.3% toward 39,000, while the broader Topix Index rose 0.9% to 2,690 on Wednesday, extending gains from the previous session and mirroring the rally on Wall Street. Investors are closely monitoring the US presidential election, with early results showing Donald Trump holding a strong lead with 95 electoral votes, while Kamala Harris has secured 35 electoral votes so far. On the domestic front, a private survey revealed that sentiment among Japanese manufacturers weakened in November, driven by concerns over softening Chinese demand and ongoing inflationary...
The S&P 500 rose solidly on Tuesday as traders awaited the results from a high-stakes U.S. presidential election. The broad market index gained 1.1%, and the Nasdaq Composite advanced 1.3%. The Dow Jones Industrial Average climbed 373 points, or 0.9%. The race between former President Donald Trump and Vice President Kamala Harris is expected to be tight. Close attention also remains on which party dominates Congress, given that a sweep by Republicans or Democrats could contribute to drastic spending changes or a big revamp of tax policy. Source: CNBC
European stocks closed slightly higher on Tuesday, with the Stoxx 50 gaining 0.5% and the broader Stoxx 600 edging up 0.1% as global markets awaited the US presidential election outcome. Industrial stocks rose by 1.2%, while the autos sector fell 1.87%. Shares of Hugo Boss dropped 4.5% despite a better-than-expected Q3 operating profit, due to concerns over declining sales in the Asia-Pacific region amid China's economic slowdown. Schroders shares also plunged 13.4% following its latest trading update. Investors are closely monitoring which party will control Congress, as a...
The S&P 500 rose solidly on Tuesday as traders awaited the results from a high-stakes U.S. presidential election. The broad market index gained 0.9%, and the Nasdaq Composite advanced 1.2%. The Dow Jones Industrial Average climbed 313 points, or about 0.8%. The latest poll from NBC News suggests the race is "neck and neck" between former President Donald Trump and Vice President Kamala Harris. Close attention also remains on which party dominates Congress, given that a sweep by Republicans or Democrats could contribute to drastic spending changes or a big revamp of tax policy. The...
The Hang Seng jumped 439 points, or 2.1%, to close at 21,007 on Tuesday, rising for a third session to its highest in more than 2 weeks after Chinese Premier Li Qiang said Beijing has plenty of room for fiscal and monetary policy and that China will meet its 2024 GDP growth target of around 5%. Meanwhile, private survey data showed China's services sector expanded the most in 3 months in October, following a series of support measures in late September. At the same time, Hong Kong's private sector growth hit a 1-1/2-year high last month. Adding to the upbeat mood was a modest rise in U.S....
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...