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Asia FX
Market

Asia FX Treads Water As Fed Meeting Looms, Dollar Inches Higher

Most Asian currencies moved little on Wednesday in anticipation of a Federal Reserve meeting, while the dollar crept higher as markets positioned for an interest rate hike and a potentially hawkish message from the central bank. The dollar firmed slightly against a basket of currencies, with the dollar index and dollar index futures advancing about […]

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Asia FX muted
Market

Asia FX Muted, Dollar Steadies As Fed Meeting Looms

Most Asian currencies moved little on Tuesday, while the dollar retained recent gains as caution kicked in ahead of a Federal Reserve meeting this week, with any signals on U.S. monetary policy squarely in focus. But most Asian units were set for strong gains in January amid expectations that the Fed will slow its pace […]

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Oil prices
Market

Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution

Oil prices were muted in early trade on Tuesday as optimism over better-than-expected economic data from China was offset by caution over an upcoming Federal Reserve meeting and an OPEC decision on production. Chinese business activity grew more than expected in January, government data showed, indicating that the country’s economy was clearly on a path […]

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Asian Stocks
Market

Asian Stocks Sink As Fed Week Begins, China Reopens Strong

Most Asian stock markets sank on Monday as caution kicked in ahead of a Federal Reserve meeting and key economic data this week, while Chinese shares rose sharply as they resumed trade after a week-long holiday. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rose 1.2% and 0.7%, respectively, with markets betting that the […]

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Flavour maker Givaudan
Market

Flavour Maker Givaudan Beats Earnings Forecasts in a Tough Year

Swiss fragrance and flavour maker Givaudan on Wednesday reported better-than-expected earnings for a year characterized by high input costs and supply chain disruptions. The group, which so far has successfully passed steep input cost increases on to customers, however saw a slowdown in sales during the latter half of 2022, particularly in its flavours business […]

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Market

Dow Futures Trade Steady, After Nasdaq Posts 3-Session Win Streak

U.S. stock futures were trading in a tight range during Tuesday’s evening session, after major benchmark averages finished higher as investors continue their rotation toward tech stocks ahead of key CPI data and major bank earnings later this week. By 18:30 ET (23:30 GMT) Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were […]

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Oil Prices Dip
Market

Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories

Oil prices fell on Wednesday after industry data pointed to a large weekly build in U.S. crude stockpiles, although losses were limited by the prospect of strong demand this year and as the dollar softened on expectations of slower interest rate hikes. Data from the American Petroleum Institute showed that U.S. crude stockpiles surged by […]

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Chinese Yuan
Market

Chinese Yuan hits 4-Mth High on Reopening cheer, U.S. Payrolls Awaited

The Chinese yuan jumped to a four-month high on Friday as markets bet on a strong economic boost from China reopening its borders this month, while broader Asian currencies were flat as focus turned to key U.S. payrolls data for more cues on the economy. The yuan was among the best performers for the day, […]

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Dow futures
Market

Dow Futures Tick Higher, Fed Minutes In Focus

U.S. stock futures were trading higher during Monday’s evening deals, with market participants looking ahead to a busy week of economic data and the release of the U.S. Federal Reserve’s latest meeting minutes. By 6:356pm ET (11:35pm GMT) Dow Jones Futures and S&P 500 Futures were up 0.3% while Nasdaq 100 Futures added 0.2%. Ahead […]

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BOJ
Market

BOJ Considering Raising Inflation Forecasts to Near 2% Target -Nikkei

The Bank of Japan (BOJ) is considering raising its inflation forecasts in January to show price growth close to its 2% target in fiscal 2023 and 2024, Nikkei reported on Saturday.The BOJ jolted markets this month by widening its 10-year yield cap range, a move officially aimed at straightening out bond market distortions but seen […]

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