Posts From Mark Cooper
Ant Group is connected to a corruption scandal involving the former party secretary of Chinese technology hub Hangzhou, the Financial Times reported on Friday, citing public records and sources. The newspaper, citing public records and two sources close to the
The dollar fluctuated but remained rangebound on Thursday as this week’s upward trajectory of U.S. Treasury yields took a breather. While the dollar initially edged lower following the release of disappointing economic data, the greenback reversed its losses after benchmark
European markets tumble, tracking global momentum; Stoxx 600 down 1.5%; Siemens Gamesa down 14%
The pan-European Stoxx 600 dropped 1.5% in early trade, with basic resources shedding 2.9% to lead losses as all sectors and major bourses slid into negative territory. In terms of individual share price movement, wind turbine manufacturer Siemens Gamesa plunged more than 14% after
Oil steadied on Thursday, clawing back losses earlier in the session, as strong demand and short-term supply disruptions continue to support prices close to their highest levels since late 2014. Brent crude futures fell 17 cents, or 0.2%, to $88.27 a
Hong Kong’s Hang Seng jumps 3% as China cuts key lending rates; property, tech stocks soar
Markets in Asia-Pacific mostly rose on Thursday as China cut its key lending rates. Meanwhile, Wall Street fell with the Nasdaq closing in correction territory and U.S. yields retreating from their recent gains. Hong Kong’s Hang Seng index led gains, jumping
British consumer price inflation rose more than expected to 5.4% in December, its highest in almost 30 years, official data showed on Wednesday, putting pressure on the Bank of England to raise interest rates again next month. Economists polled by
Strong demand for its jewellery and watches in the Americas and Europe in a post-pandemic rebound helped quarterly sales at Cartier owner Richemont rise by nearly a third, the world’s second-largest luxury group said on Wednesday. Sales at Richemont rose
Oil prices rose for a fourth day to a seven-year high as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates.
The dollar was firm on Wednesday after a rip higher in U.S. yields vaulted it up sharply on the euro overnight, putting it back above support levels that have held for the past few months in anticipation of rising U.S.
Asia-Pacific markets fall after overnight sell-off on Wall Street; Sony shares tumble 10%
Asia-Pacific markets fell on Wednesday following an overnight sell-off on Wall Street. The Nikkei 225 in Japan dropped 2.22% while the Topix index was lower by 2.33%. South Korean shares also tumbled: the Kospi gave up earlier gains and fell 0.65% and the Kosdaq