Stocks jumped on Monday amid hopes that interest rates will remain low due to decreasing inflationary pressure. In energy commodities, oil and gas prices rose following a cyber attack on a U.S. pipeline operator that frightened the stock markets. Some investors had been anticipating that a strong U.S. economic recovery from the pandemic would prompt …
Asian Shares Up on Expectations for Low Rates; Oil Rises Read More »
Asia Pacific stocks mostly rose on Friday morning. Positive economic data lifted U.S shares to close at a record high. On Friday, Treasuries were steady, as the benchmark 10-year yield recently hit highs. It was close to the 1.57% level, which is well below. U.S. positive employment data boosted global shares as the initial jobless …
Asia Stocks up As US Employment Data Boosts Recovery Outlook Read More »
Australia stocks edged higher after the close on Friday. As rises in the Gold, Metals & Mining, and Resources sectors, in particular, led shares higher. The S&P/ASX 200 rose 0.27% at the close in Sydney. On the S&P/ASX 200, the session’s best performers were Webjet Ltd, rising 7.42% or 0.33 points to trade at 4.78 …
Australia S&P/ASX 200 up 0.27%, Japan’s Nikkei 225 up 0.09% Read More »
Sentiment took a knock after a selloff in large-cap Wall Street tech firms. In addition, talks of rising U.S. interest rates also led to Asian shares risking to fall for a fourth straight session on Wednesday. Limiting the early reaction were the holidays in Japan, China, and South Korea. This brought the MSCI’s broadest index …
Asia Shares Flat, U.S. Tech Retreat Dulled due to Holidays Read More »
Asia Pacific stocks were mostly up on Monday morning. However, volumes were thin as two major markets closed in the region. Moreover, inflation concerns were re-emerging. At the close of the previous session, the U.S Treasury yields stood above the 1.6% mark. Inflation concerns were returning as U.S. economic data indicated potential inflation pressures. It …
Asian shares slid on Friday, but world stocks held near a record high. Strong U.S. economic data fuels optimism, which keeps global stocks high. Moreover, the Federal Reserve’s commitment to continue supporting the economy also fuelled investors’ appetite for risk. Thursday’s data also showed U.S. economic growth sped up in Q1, sustained by Biden’s government …
Asian Shares Down, but World Shares Near Record High Read More »
Asian shares extend gains on Thursday following the Federal Reserve’s statement that it was too early to consider rolling back emergency support for the economy. Additionally, U.S. President Joe Biden’s proposal of a $1.8 trillion stimulus package. In a speech to a joint session of Congress on Wednesday, Biden proposed the sweeping new $1.8 trillion …
Asia Shares Extend Gains on Fed’s Support, Biden’s Stimulus Read More »
Asian shares struggled to make solid gains on Wednesday, with already high valuations discouraging investors from buying equities ahead of the U.S. Federal Reserve meeting. Also, later on, Wednesday, Fed Chairman Jerome Powell is expected to reaffirm that easy monetary policy will remain in place for an extended period. Moreover, to dismiss any suggestions of …
Asian Stocks Seesaw as The Fed Meeting Approaches Read More »
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