TD Securities said that the US dollar could fall further as Canadian investors, one of the largest holders of US stocks, face increasing pressure to hedge against the currency pair of the Canadian dollar and the US dollar. The TD Securities team, including Jayati Bharadwaj, Mark McCormick and Linda Cheng, wrote in a report on […]
The dollar fell and U.S. Treasury yields edged lower as reports said U.S. President Donald Trump was considering appointing the next Federal Reserve chair early, with markets betting on earlier-than-expected U.S. interest rate cuts. The Bloomberg Dollar Index dropped 0.3% to its lowest level since April 2022, with the dollar weakening against both the Japanese […]
Asian stocks edged higher as a ceasefire deal between Israel and Iran appeared to hold and bond traders increased their bets on US interest rate cuts. The MSCI Asia equity index rose 0.2% on Wednesday after climbing more than 2% in the previous trading session as US President Donald Trump announced a ceasefire between warring […]
Oil prices continued to fall as US President Donald Trump announced a temporary ceasefire between Iran and Israel. Brent crude futures plunged nearly 5% in early trading to $68 a barrel before paring some losses. The oil price had experienced a roller-coaster decline on Monday, ending with a sharp drop. The slump briefly pushed the […]
The dollar and oil gave back early gains as traders awaited Tehran’s response to Washington’s weekend strike on Iranian nuclear facilities. The Bloomberg Dollar Index rose 0.3%, while the global benchmark Brent crude oil price soared by 5.7% at one point and later climbed nearly 2%. S&P 500 futures dropped 0.3%, and Asian stock indices […]
Some of Australia’s biggest investors say they are cutting their holdings of US Treasuries, citing concerns over President Donald Trump’s tariff and tax plans. SA, a state-owned fund managing assets equivalent to 30 billion US dollars, has shifted to reducing its holdings of US sovereign debt. Meanwhile, the Queensland Investment Corporation, a state-owned fund with […]
Research by the European Central Bank shows that household consumption in the eurozone will remain suppressed for some time as the effects of past interest rate hikes continue to impact mortgages. In a paper published on Wednesday, economists at the European Central Bank wrote that even if the ECB cuts the deposit rate from 4% […]
Oil prices neared a five-month high amid concerns that escalating tensions in the Middle East could draw the United States into the region more directly. Asian stocks were mixed after a fall on Wall Street. West Texas Intermediate (WTI) crude oil rose as much as 1.1% in Asian trading, after climbing more than 4% on […]
Global markets fluctuated after US President Donald Trump called for a withdrawal from Iran. Investors weighed the situation between Israel and Iran. His remarks contrasted sharply with earlier optimism that the situation would not escalate into a broader conflict. U.S. futures fell 0.4% and gold prices rose after Trump made social media remarks during the […]
Asian stocks rose on Monday as investors turned their attention to domestic news after the escalation of the conflict between Israel and Iran over the weekend. The Japanese market’s popularity has picked up, and the unexpectedly positive data from the Chinese mainland has been enough to stimulate tentative buying in the region’s stock markets after […]