U.S. President Donald Trump said he would determine the unilateral tariff rate within two weeks, reigniting trade tensions. Stock index futures followed the dollar lower. Safe-haven assets such as U.S. Treasuries and gold rose. The S&P 500 and Nasdaq 100 futures fell 0.3% as Trump said he would send letters to trading partners setting tariffs. […]
As Asian private bankers start to move beyond traditional stock and bond allocations, private market instruments, gold and the renminbi are becoming increasingly attractive as alternative investments. Amid the backdrop of US policy shocks and growing concerns over de-dollarization intensifying market volatility, bankers are urging investors to reconsider the 60/40 portfolio – an investment strategy […]
Frank Elderson, a member of the Executive Board of the European Central Bank, said that Europe can promote economic well-being and help enhance the global status of the euro by adhering to and even strengthening the standards of the rule of law. Speaking at the Italian Constitutional Court in Rome on Monday, he said that […]
Nomura Holdings Inc. said that as Japanese yields rise, Japanese investors withdraw from US assets, and with Washington’s implicit pressure on exchange rates during trade negotiations, the yen could rise by about 6% against the US dollar in the coming months. One of Japan’s largest investment banks currently advises shorting the USD/JPY, with a target […]
During the Asia-Pacific trading session on Friday, the US dollar index rebounded from around 98.35, its overnight low, to around 98.80. This came after the market began to worry about whether the US job market was about to deteriorate due to the unusually weak ADP data and the increase in initial jobless claims. The latest […]
Emerging market assets are expected to deliver returns of several percentage points this year as the dollar is projected to continue to decline. David Hauner, global head of emerging markets fixed income strategy at Bank of America Securities, said: “For this year, we can easily maintain double-digit returns because we view the US dollar as […]
The Hong Kong stock capital market is experiencing its most active period in years. Billions of dollars in transactions have lifted market sentiment and raised expectations for more deals in the future. Kai Cheung, head of equity capital markets for Morgan Stanley in Asia-Pacific, said: “I think we haven’t seen people so excited about Hong […]
Gold prices edged higher after posting their biggest one-day gain in four weeks, as a weakening dollar and trade and geopolitical risks stoked safe-haven demand. Gold prices soared by 2.8% on Monday, approaching $3,390 per ounce, amid deteriorating relations between Washington and Beijing and the intensification of the Russia-Ukraine conflict. China accused the US of […]
Nippon Life Insurance has reduced its hedging against the appreciation of the yen on its overseas assets to the lowest level in 14 years, suggesting that market expectations of a sustained rise in the yen have weakened. According to an analysis by Bloomberg News of the earnings reports of Japan’s nine largest life insurers, the […]
On Thursday, the majority of US President Donald Trump’s global tariff measures were ruled illegal and blocked by the US trade court, boosting US assets. Nvidia Corp.’s optimistic earnings report also lifted investor sentiment. The Trump administration will appeal the ruling. After the ruling was announced, the S&P 500 and Nasdaq 100 index futures rose […]