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...
Stocks in Europe were little changed on Tuesday, with the STOXX 50 hovering around the flatline and the STOXX 600 slipping 0.2% after modest gains in the previous session. Investors are awaiting the release of Eurozone inflation data later today for fresh clues on how tariffs are influencing prices and what this could mean for the ECB's monetary policy outlook. Inflation is expected to hold steady at 2% in August. The central bank is widely anticipated to keep interest rates unchanged next week before resuming cuts in the autumn. On the corporate front, Nestlé shares dropped 2.7% following...
Japan stocks were higher after the close on Tuesday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.35%. The best performers of the session on the Nikkei 225 were Isetan Mitsukoshi Holdings Ltd. (TYO:3099), which rose 5.93% or 149.50 points to trade at 2,670.00 at the close. Meanwhile, Kirin Holdings Co., Ltd. (TYO:2503) added 5.38% or 116.50 points to end at 2,280.00 and Mitsui Mining and Smelting Co. (TYO:5706) was up 4.80% or 490.00 points to 10,705.00 in late trade. The worst performers of the session were...
The Hang Seng Index opened down by 29 points, or 0.11%, settling at 25,587 points. The Enterprise Index also declined, falling by 9 points or 0.11% to 9,111 points. Meanwhile, the Technology Index experienced a slight drop of 6 points, or 0.1%, bringing it to 5,792 points. In the technology sector, stock performances varied. Tencent saw a modest increase of 0.1%, while Alibaba gained 2%. Conversely, Meituan experienced a decline of 1.2%. Xiaomi Group rose by 0.1%, but JD.com and Kuaishou both dropped by 0.3%. In the financial sector, stocks exhibited mixed results. HSBC Holdings rose by...
The Nikkei 225 Index rose 0.4% to around 42,350, while the broader Topix Index added 0.3% to 3,072 on Tuesday, with Japanese shares snapping a two-day losing streak as risk sentiment improved. Investors weighed the global trade outlook after a US federal appeals court ruled that most of President Donald Trump's tariffs were unlawful, giving the administration until October 14 to appeal to the US Supreme Court. Domestically, attention turned to upcoming wage data that could shape monetary policy direction. Bank of Japan Governor Kazuo Ueda recently said wages are set to rise further amid a...
Asia-Pacific markets mostly rose investors assessed the Shanghai Cooperation Organization meeting of leaders in Tianjin, with tariff uncertainty weighing on sentiment. This comes after a U.S. federal appeals court on Friday ruled that most of President Donald Trump's global tariffs are illegal. Japan's Nikkei 225 rose 0.31%, while the broader Topix index added 0.28%. Over in South Korea, the Kospi index increased by 0.45%, while the small-cap Kosdaq moved up 0.14%. The country's consumer price index rose 1.7% in August from the year before, after increasing by 2.1% the month before. This...
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...