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 Hang Seng Index started the day with a rise of 90 points, or 0.34%, to 26,536. The China Enterprises Index gained 23 points, or 0.24%, to close at 9,407, while the Tech Index climbed 27 points, or 0.44%, to 6,070. Technology stocks displayed mixed results. Tencent rose by 0.5%, Meituan gained 0.6%, Xiaomi Group increased 0.5%, and Kuaishou advanced 0.6%. Meanwhile, Alibaba dropped 0.3% and JD.com fell by 0.6%. Financial stocks performed strongly, with HSBC Holdings up 0.2%, AIA Group gaining 2%, Ping An Insurance rising 0.1%, and Hong Kong Exchanges and Clearing climbing 0.3%. Source...
Japan's benchmark Nikkei 225 surpassed the 45,000 mark for the first time, leading gains in Asia-Pacific markets Monday, after President Donald Trump said that the U.S.-China trade negotiations in Spain were progressing well. The trade talks were overshadowed by a "framework" deal regarding the divestment of Chinese-owned TikTok, announced by Treasury Secretary Scott Bessent Monday. Speaking from Madrid, Bessent noted that the commercial terms have already been settled. Both U.S. President Donald Trump and Chinese President Xi Jinping will speak on Friday to discuss the terms. Japan's...
US stocks closed higher on Monday (September 15), driven by gains in technology stocks after President Donald Trump indicated that U.S.-China trade talks were progressing well, and investors awaited the Federal Reserve's decision on Wednesday. The S&P 500 rose 0.4% to close above 6,600 for the first time, the Nasdaq 100 gained 0.8%, also extending its record high, and the Dow Jones Industrial Average rose about 50 points. Tesla jumped 3.6% after CEO Elon Musk announced a nearly $1 billion stock purchase, his largest-ever public stock purchase, while Alphabet rose 4.3% to reach a $3...
Stocks in the US were higher on Monday, with the S&P 500 rising 0.4%, the Nasdaq adding 0.5% and the Dow Jones gaining about 50 points, as traders await the Fed's policy decision. Markets have fully priced in a 25 bps cut to the fed funds rate, while leaving a small chance for a larger 50 bps move. Investors largely expect rate cuts to persist through year-end. On the corporate front, Tesla shares surged nearly 7% after reports that Elon Musk purchased about $1 billion worth of the EV maker's stock last week. In contrast, Nvidia slipped about 1.5% after Chinese regulators said the...
Japan's Nikkei 225 index opened higher on Monday (September 15th) at 44,803.30 points before closing at 44,768.12 points. Although it briefly broke through its daily high of 44,888.02 points, the index was unable to maintain its full gains due to profit-taking near the close. Overall, the index recorded a daily gain of around +0.89% compared to the previous session. Daily Movement Throughout the session, the Nikkei moved within a range of 44,548.57 – 44,888.02 points. The strong opening sparked market optimism that the rally could continue, but selling pressure from investors seeking to...
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...