The US Dollar Index (DXY) continued its strengthening for a second day and briefly hovered around 98.20 during the Asian session, driven by hawkish comments from Kansas City Fed President Jeffrey Schmid. He emphasized that the Fed must maintain credibility in combating inflation, stating that inflation remains too high, and assessing that current monetary policy is "properly calibrated." However, this encouragement is met with growing expectations of an interest rate cut, coupled with the ongoing US government shutdown. The CME FedWatch tool now projects a 94% chance of a 25 bps cut in...
The U.S. military is deploying more fighter aircraft to the Middle East and extending the deployment of other warplanes, bolstering U.S. military forces in the region as the war between Israel and Iran rages, three U.S. officials said. One of the officials said the deployments include F-16, F-22 and F-35 fighter aircraft. Two of the officials stressed the defensive nature of the deployment of fighter aircraft, which have been used to shoot down drones and projectiles. Source: Investing.com
Wall Street's main indexes opened lower on Tuesday as the Israel-Iran conflict entered its fifth day, denting global investor confidence ahead of the Federal Reserve's upcoming monetary policy decision. The Dow Jones Industrial Average, fell 156.5 points, or 0.37%, at the open to 42358.62. The S&P 500, fell 21.0 points, or 0.35%, at the open to 6012.15, while the Nasdaq Composite, dropped 74.1 points, or 0.38%, to 19627.082 at the opening bell. Source : Reuters
The Hang Seng lost 81 points or 0.3% to close at 23,980 on Tuesday amid broad sector losses, swinging from gains in the prior session. Sentiment weakened as U.S. stock futures tumbled after President Trump's abrupt exit from the G7 Summit in Canada, while Israel-Iran tensions extended into a fifth day. Investors also turned cautious ahead of the Fed's two-day policy meeting starting today, with a rate decision due Wednesday. While the board is expected to hold rates steady for a fourth straight time, geopolitical risks and rising oil prices could dampen hopes for near-term...
European stocks fell on Tuesday, with the STOXX 50 down 1% and the STOXX 600 down 0.8%, as fresh concerns over a potential escalation in the Israel-Iran conflict weighed on sentiment. The sell-off followed US President Trump's call for the evacuation of Tehran, and his early departure from the G7 summit, which fueled speculation that Washington may be preparing more forceful support for Israeli Prime Minister Benjamin Netanyahu's military operations. Meanwhile, Israeli attacks on Iranian targets, including missile storage sites and launch infrastructure, continued. Among the worst...
The Nikkei 225 index rose 0.59% to close at 38,537 while the broader Topix index gained 0.35% to 2,787 on Tuesday, extending gains from the previous session as investors reacted to the Bank of Japan's latest policy decision. As expected, the central bank kept its policy interest rate steady at 0.5% and signaled a more gradual approach to balance sheet reduction starting next year, reflecting a cautious approach toward withdrawing stimulus. BOJ Governor Kazuo Ueda stressed that policymakers are closely monitoring economic conditions, especially amid changing global trade dynamics, and left...
Hong Kong shares fell 59 points, or 0.2%, to 24,008 on Tuesday, reversing gains from the previous session as most sectors fell. A sharp drop in U.S. stock futures weighed on sentiment after President Trump urged evacuations from Tehran, stoking fears of a wider conflict as tensions between Israel and Iran entered a fifth day. Caution also prevailed ahead of the Fed's two-day policy meeting that begins today, with a rate decision due on Wednesday. While the Fed is widely expected to keep rates unchanged for a fourth straight day, rising geopolitical risks and rising oil prices could cloud...
The Nikkei 225 rose 0.3% to above 38,400, while the broader Topix gained 0.1% to 2,780 on Tuesday, extending gains from the previous session as investors awaited the Bank of Japan's latest policy decision. The central bank is widely expected to keep interest rates unchanged as it monitors developments in U.S. trade policy and assesses the inflationary impact of rising oil prices. Japanese equities also benefited from a rebound on Wall Street, where investors largely shrugged off rising tensions in the Middle East. Meanwhile, U.S. President Donald Trump called for a full evacuation of...
The Dow Jones Industrial Average (DJIA) found firmer footing on Monday, kicking off the new trading week on a high note and paring away most of the late-week losses that pushed indexes into the red last Friday. Israel launched strikes against Iranian targets under the auspices of denying Iran access to nuclear weapons. Israel is one of only four countries to not sign the Nuclear Non-Proliferation Treaty, and is also not a party to the Treaty on the Prohibition of Nuclear Weapons. Despite Israel's strikes quickly spiraling out into barrages of missile launches between Iran and Israel that...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
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....