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 stocks started the week in positive territory, with the STOXX 50 up 0.6% and the STOXX 600 rising 0.3% to reach three-week highs, as traders brace for a busy week of central bank monetary policy decisions. The Federal Reserve is widely expected to resume interest rate cuts, with a 25 bps reduction fully priced in. Investors will also be watching policy updates from the Bank of England, the Bank of Japan, and the Bank of Canada. Meanwhile, attention remains on France after Fitch downgraded the country's credit rating last Friday, citing rising government debt, growing political...
Hong Kong stocks rose 93 points, or 0.4%, to 26,480 in early trade on Monday, marking gains for the second session. Sentiment was supported by a modest rise in U.S. futures ahead of the Fed's policy meeting later this week, where the central bank is widely expected to cut rates by 25bps, though some traders are betting on a deeper half-point reduction amid cooling labor markets and mild inflation. Meanwhile, U.S.-China trade talks in Madrid entered their second day, signaling an intensification of diplomacy between the two countries. Tech and consumer names led the gains. However, the...
Asia-Pacific markets opened mixed as investors kept an eye on the talks between the U.S. and China in Spain, and awaited a slate of data from Beijing. U.S. and Chinese officials began talks in Madrid Sunday to discuss key national security, economic, and trade issues, including the upcoming deadline to divest Chinese short video app TikTok and U.S. tariffs. Delegations led by U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer met with their counterparts, Chinese Vice Premier He Lifeng and China's top trade negotiator, Li Chenggang. Meanwhile, China is...
The Nasdaq Composite notched a perfect week of closing highs on Friday as investors took signs of weakening jobs and tame inflation to mean the Federal Reserve will lower interest rates next week. The tech-heavy Nasdaq closed 0.44% higher to settle at 22,141.10, led by a surge in Tesla shares. The broad market S&P 500 hovered around the flatline, down just 0.05% to finish at 6,584.29. The blue-chip Dow Jones Industrial Average lost 273.78 points, or 0.59%, to close at 45,834.22. Having each closed at record levels Thursday, with the Dow finishing above 46,000 for the first time, the...
European stocks closed flat on Friday, after data showed the U.K. economic growth stalled in July. The pan-European Stoxx 600 was flat at 0.09% with no broad consensus movement among sectors and major bourses.Data released on Friday morning showed that the U.K. economy recorded zero growth in July, following a 0.4% economic expansion the previous month. The economic flatlining adds to the Bank of England's considerations as it prepares to update its monetary policy next week. On Thursday, the European Central Bank left its key interest rate unchanged in a highly anticipated move. In...
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...