Asia Pacific stocks were mostly up on Monday morning, with investors awaiting the U.S. Federal Reserve’s policy decision. While the central bank’s policy decision is due later in the week, results from the continuing earnings season are also in focus. Investors will be looking for clues on the global economic recovery from COVID-19. The Fed …
Asian Pacific shares edged up on Friday, as gains in China and the European Central Bank’s decision to maintain stimulus helped lift the shares. Investors largely ignored the possibility of a U.S. capital gains tax hike. Despite its prediction of a strong rebound, the ECB’s decision to leave policy on hold came. The eurozone economy …
Asia Pacific stocks mostly rose on Thursday morning, breaking two consecutive days of losses. This came after a rally in companies boosted their U.S. counterparts. These companies stand to benefit the most from the economic recovery from the pandemic. A spike in global coronavirus cases knocked global stocks below record highs. As the earnings season …
Asian Stocks Up, Surge in COVID-19 Cases Still Beset Markets Read More »
Asia Pacific stocks were mixed on Tuesday morning, as the number of COVID-19 cases rose globally. The global surge and weaker-than-expected corporate earnings were weighing on investor sentiment. Eyes are on corporate earnings as the season gets underway. Alongside is the worsening global COVID-19 surge. CMC Markets Chief Markets Strategist Mick McCarthy said the Asian …
Asian Stocks Mixed, Markets Assess Global Surge of COVID-19 Read More »
On Monday morning, Asia Pacific stocks were higher as markets focused on the global economic recovery from COVID-19. Their eyes were on the upcoming earnings. U.S. equity futures dropped after stocks ended the previous week at a record high. Following this movement, Treasury yields steadied well below the U.S. Trade’s recent peaks. Friday’s economic data …
Asian Stocks Up, Eyes Set on Economic Recovery and Earnings Read More »
Asia Pacific stocks were mixed on Friday morning. Investors assessed the latest economic data from both the U.S. and China. Economic data which were released earlier in the day were also mixed. The GDP for Q1 rose 18.3% and 0.6% year-on-year and quarter-on-quarter, respectively, in March. They were lower than forecasted, with economic growth rising …
Asian Shares Mixed, Digesting U.S. Economic and China Data Read More »
Asia Pacific stocks mostly dipped on Thursday morning as U.S. shares closed below record highs. This came after investors saw cryptocurrency exchange Coinbase Global Inc.’s uneven Nasdaq debut. Coinbase soared above a $112 billion valuation earlier in its debut on Wednesday before slipping back below its opening price. Its peer cryptocurrency Bitcoin also retreated from …
Asian Stocks Down Over Disappointing Coinbase Listing Read More »
Asia Pacific stocks mostly rose on Wednesday morning, as investors ignored a higher-than-expected increase in U.S. inflation. Markets were focusing on the global economic recovery from the pandemic. A selloff in China Huarong Asset Management Co. Ltd., one of the country’s largest distressed debt managers, is being monitored by credit markets. The selloff stirred up …
Asian Stocks Rise, but Investors’ Eyes Remain on Inflation Read More »
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