Tag "US"
Gold prices edged higher on Friday and were set for a second weekly gain, as safe-haven demand and lower U.S. bond yields lifted the metal’s appeal, while investors look forward to a Federal Reserve meeting for clues to its tightening timeline. Spot
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
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
The pan-European Stoxx 600 hovered around the flatline during afternoon deals, with household goods dropping 1.2% while autos gained 1.4%. In terms of individual share price movement, Netherlands-based BE Semiconductor climbed 8.5% to lead the Stoxx 600. At the bottom of the European blue
The pan-European Stoxx 600 closed up 0.8%, partly recouping Monday’s 1.8% decline. Tech stocks added 1.9% to lead gains as investor fears over higher interest rates appeared to cool slightly. Global markets are focused on the latest U.S. inflation data due out
Volkswagen AG (VOWG_p.DE) said it would likely double sales of its ID battery electric vehicles in China this year and aims to do even better but the automaker could be hamstrung by a shortage of semiconductors. The ID series, which Volkswagen produces
European stocks are expected to open higher on Tuesday as investors look ahead to the next U.S. inflation reading on Wednesday. The U.K.’s FTSE index is seen opening 31 points higher at 7,464, Germany’s DAX 78 points higher at 15,886, France’s CAC 40 up 44 points
Emerging economies must prepare for U.S. interest rate hikes, the International Monetary Fund said, warning that faster than expected Federal Reserve moves could rattle financial markets and trigger capital outflows and currency depreciation abroad. In a blog published Monday, the
Dollar falls after U.S. jobs report
The U.S. dollar was slightly lower against a basket of major currencies on Friday on the heels of the December jobs report that missed expectations. The dollar index weakened after the Labor Department said nonfarm payrolls rose by 199,000 last
Asian shares snapped two days of losses on Friday, climbing as investors waited to see whether U.S. jobs data due later in the day would reinforce the need for faster U.S. interest rate hikes. MSCI’s broadest index of Asia-Pacific shares