The United States ordered a blockade of Venezuelan oil tankers because the Trump administration believes President Nicolás Maduro's regime is acting detrimentally to the United States and the world. Trump has labeled the Venezuelan government a "foreign terrorist organization" and accused the regime of asset theft, terrorism, drug trafficking, and human trafficking. He has therefore decided to block tankers sailing in and out of Venezuela as part of an economic and political pressure campaign. This move is also part of a broader US pressure campaign, including the seizure of tankers...
The Nikkei 225 Index climbed 0.9% to around 46,570 while the broader Topix Index advanced 0.8% to 3,185 on Friday, with Japanese equities hitting fresh all-time highs as investors awaited the Bank of Japan's policy decision, where rates are expected to remain unchanged. Still, markets are pricing in a possible 25 basis point hike in October amid signs of resilience in the economy. Investors also assessed data showing Japan's core inflation rose 2.7% in August, easing for the third straight month to the lowest since November 2024. Japanese stocks also mirrored Wall Street's rally, with the...
Asian stocks were on the cusp of an intraday record high after US and global equity benchmarks hit fresh peaks, as the Federal Reserve's interest-rate cut bolstered sentiment. Stocks in Japan and Australia opened higher while South Korea was flat. The S&P 500, Nasdaq 100, Dow Jones Industrial Average and Russell 2000 small-cap index all closed together at fresh highs for the first time since November 2021. An MSCI index of global stocks also closed at a record in a sign of robust risk appetite. The yen was steady after Japan's...
All three major Wall Street indexes closed at record highs on Thursday (September 19) after the Federal Reserve continued easing interest rates and indicated the possibility of further rate cuts this year. The S&P 500 rose 0.5% and the Nasdaq 100 jumped 0.9%, both extending their record highs from the previous session, while the Dow Jones Industrial Average rose 123 points. Investors welcomed the Fed's quarter-point rate cut and the prospect of two additional cuts, interpreting the move as a shift toward supporting growth rather than strictly controlling inflation. Technology stocks...
European stocks closed sharply higher on Thursday (September 18th) thanks to strong support from major technology companies, as investors assessed policy decisions from major central banks and their impact on global interest rates. The Federal Reserve cut interest rates by 25 basis points, as expected, and issued a median projection of two more rate cuts this year, although upward revisions to core inflation expectations and higher growth dampened speculation of further cuts next year. Meanwhile, the Bank of England kept interest rates unchanged, as expected, but slowed the pace of its...
Stocks in the US were mostly higher on Thursday, with the S&P 500 rising 0.5% and the Nasdaq adding 0.8% while the Dow Jones traded around the flatline as traders digested the Fed's first interest rate cut of the year and better-than-expected jobless claims. The Fed signaled an additional 50bps of cuts this year, followed by another 25bps reduction in 2026. Volatility followed the decision and Chair Powell's press conference, where he framed the move as a "risk management" cut and cautioned that there are no risk-free paths. Meanwhile, initial jobless claims fell much more than expected...
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...