The USD/JPY pair climbs to near 149.65 during the early Asian session on Monday. The Japanese Yen (JPY) faces some selling pressure against the Greenback after a ruling-party vote for Sanae Takaichi to become Japan's next Prime Minister. Reuters reported on Sunday that Japan's ruling party elected Sanae Takaichi as its new leader on Saturday, positioning the 64-year-old to become Japan's first female Prime Minister. A vote in parliament to replace outgoing Prime Minister Shigeru Ishiba is scheduled for October 15. Takaichi is favoured as the ruling coalition has the largest number of...
Hong Kong stocks fell 50 points, or 0.2%, to 24,851 in Wednesday morning trading, ending a two-day winning streak amid weakness in the technology, consumer discretionary, and financial sectors. Sentiment worsened after Wall Street closed lower overnight, as weak US data underscored the economic impact of tariffs on activity and earnings. Risk appetite was further dented by reports that two Chinese nationals were arrested in California for allegedly smuggling AI chips, including the Nvidia H100, to China. Caution also grew ahead of China's July trade data and inflation report, with lingering...
Japanese stocks opened lower on Wednesday (August 6th), following a decline in the US market after weak US services sector data sparked uncertainty over the Federal Reserve's policy direction. The Nikkei 225 index fell 119.08 points, or 0.3%, to 40,430.46 in early trading. Meanwhile, recent data showed Japanese workers recorded the fastest nominal wage growth in four months, reinforcing expectations that the Bank of Japan (BoJ) may soon raise interest rates. Government data showed nominal wages rose 2.5% year-on-year in June, a sharp increase from a revised 1.4% in May. The market is also...
US equities ended lower on Tuesday as investors grappled with downbeat economic data, rising trade tensions, and mixed corporate earnings. The S&P 500 dropped 0.5%, the Nasdaq slid 0.7%, and the Dow slipped by 62 points, following Monday's sharp rebound from Friday's losses tied to a disappointing jobs report. Concerns about stagflation resurfaced after the ISM Services index showed activity had stalled in July. Meanwhile, President Trump's threats of steep tariffs up to 250% on pharmaceutical imports alongside potential levies on semiconductors, added to market unease amid ongoing...
European shares closed higher on Tuesday, buoyed by better-than-expected corporate earnings and renewed optimism that the Federal Reserve may cut interest rates next month. The pan-European STOXX 600 index edged up 0.15%, with most regional bourses also trading in the green. Earnings season, in full swing, offered some relief for investors concerned about the impact of trade uncertainty on corporate performance. Diageo gained 4.9% after the world's biggest spirits maker forecast flat 2026 sales despite U.S. tariffs and upped its cost-savings target. The stock boosted the food &...
Wall Street futures opened higher on Tuesday, supported by ongoing optimism over potential Federal Reserve interest rate cuts, while investors assessed a fresh batch of corporate earnings. The Dow Jones Industrial Average (.DJI), opens new tab rose 26.4 points, or 0.06%, at the open to 44200.07. The S&P 500 (.SPX), opens new tab rose 6.7 points, or 0.11%, to 6336.63, while the Nasdaq Composite (.IXIC), opens new tab rose 38.5 points, or 0.18%, to 21092.097. Source: Reuters
The Hang Seng rose 169 points or 0.7% to close at 24,902 on Tuesday, reversing early losses and marking its second consecutive session of gains. Sentiment improved after a private survey showed China's services activity grew at the fastest pace in 14 months in July, supported by rises in new orders, foreign sales, and employment. A rally on Wall Street also lifted mood, as weaker U.S. jobs data fueled bets on a Fed rate cut in September. Gains were broad-based, led by financials, tech, and consumers, as investors looked past weather-related disruptions in Hong Kong, including heavy rain...
European stocks continued their gains for a second consecutive session on Tuesday (June 5), with the STOXX 50 and STOXX 600 rising 0.4%. Investors continued to shift their focus to corporate earnings while closely monitoring global trade developments. Meanwhile, market participants are increasingly anticipating a potential interest rate cut by the Fed. In the corporate sector, BP shares rose 1.1% after the oil major reported better-than-expected second-quarter earnings. Diageo jumped 6% after reaffirming its full-year forecast, while DHL jumped 5% following a solid profit...
Japanese stocks rose after the close on Tuesday (August 5th), driven by gains in the Real Estate, Banking, and Textile sectors. At the close of trading in Tokyo, the Nikkei 225 rose 0.74%. The best-performing stocks on the Nikkei 225 were NTN Corp. (TYO:6472), which rose 15.05%, or 39.00 points, to trade at 298.20. Meanwhile, GS Yuasa Corp. (TYO:6674) rose 7.45%, or 202.00 points, to close at 2,913.50, and Furukawa Electric Co., Ltd. (TYO:5801) rose 7.17%, or 653.00 points, to close at 9,764.00. The worst-performing stock during the session was LY Corp (TYO:4689), which plunged 12.20%, or...
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....