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...
European equity markets are set for a positive open on Friday after three consecutive days of heavy selling, as sentiment is starting to stabilize. Investors continue to assess the region's economic outlook and monetary policy. Earlier this week, stocks faced pressure from disappointing earnings reports from major U.S. tech companies, which negatively impacted market sentiment. In addition, investors are preparing for the upcoming U.S. presidential election and the Federal Reserve's latest decision next week. On a more concerning note, data released on Thursday showed that inflation in the...
The Nikkei 225 index fell 2.63% to close at 38,054, while the broader Topix index dropped 1.9% to 2,644 on Friday, extending losses from the previous session and mirroring declines on Wall Street on disappointing corporate news from Microsoft and Meta Platforms. Local stocks also came under pressure as the yen rose following a less dovish statement from the Bank of Japan and signs of easing price pressures in the U.S. The stronger yen hurt the earnings outlook for Japan's export-heavy industries. Technology stocks were particularly hard hit, with significant losses for Advantest (-4.4%),...
The Hang Seng Index opened 0.3% higher at 20,376.93 in Hong Kong. Meituan contributed the most to the index gain, increasing 2.3%. China Overseas Land & Investment Ltd. had the largest increase, rising 3.1%. In early trading, 41 of 82 shares rose, while 37 fell; 3 of 4 sectors were higher, led by finance stocks. Source : Bloomberg
Japanese stocks fell after the yen strengthened as much as 1% against the dollar overnight and US technology shares slumped. The Nikkei 225 Stock Average dropped 2% as of 9:12 a.m. in Tokyo, while the broader Topix slipped 1.3%. Exporters such as automakers and technology companies were among the heaviest drags on the Topix. The yen reached a one-week high of 151.79 per dollar, after jumping as much as 1% on Thursday. Bank of Japan Governor Kazuo Ueda said Thursday that currency markets have had a major impact on the economy, pointing to another potential...
Asia-Pacific markets are set for a mixed open on Friday, after Wall Street benchmarks the Nasdaq Composite and the S&P 500 posted their worst day in nearly two months on a downbeat Microsoft earnings forecast and MetaTrader results. Traders await a raft of economic data from the region, including Australia's third-quarter producer price index reading and China's Caixin manufacturing purchasing managers' index for October. Japan's Nikkei 225 appears set for a weaker open, with futures in Chicago at 38,470 and its Osaka counterpart at 38,370 against the index's last close of...
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...