The yen rose by its most in nearly two weeks after US Treasury Secretary Scott Bessent said he expected Japan to raise interest rates to curb inflation. Asian stocks paused after three consecutive days of gains. The yen rose as much as 0.7% against the dollar after Besant said the Bank of Japan was lagging […]
Stocks climbed to record highs as US inflation data met expectations, easing price concerns and boosting expectations of a rate cut by the Federal Reserve in September. The MSCI World Index rose 0.2% to a record high, following a surge in Wall Street stocks to new highs as the money market almost fully priced in […]
US President Donald Trump said that gold imports would not be subject to US tariffs, causing the price of gold to fall. Although traders are still waiting for a formal clarification of the policy after a federal government ruling last week plunged the entire market into chaos and confusion. When the Asian market opened, the […]
Stock index futures in the United States and Europe rose while oil prices fell as the market speculated that the meeting between the leaders of the United States and Russia would increase the possibility of ending the war in Ukraine and boost crude oil supply. European stock market contracts rose 0.3%, and S&P 500 index […]
Asian stocks rose on Friday, buoyed by signs of easing trade tensions with the United States. Japan’s market led the gains, while technology companies rose on strong earnings. The MSCI Asia Pacific Index rose 0.5%, on track for a fifth consecutive day of gains. The Nikkei 225 index climbed 2.2% after Japan’s chief trade negotiator […]
Emerging market currencies rose and the stock market narrowed its earlier losses as the US dollar fell and sentiment in the US stock market improved, boosting risk appetite. The MSCI Developing Countries Currency Index closed up 0.1%, with the Colombian peso and the Polish zloty leading the gains. The US dollar fell for the fourth […]
Bill Campbell, portfolio manager at DoubleLine Capital, said the dollar would fall further and sharply, and the appointment of a new Fed chair willing to cut interest rates quickly could be the catalyst. Campbell said in an interview, “The dollar may still have a lot of potential to continue falling.” As of September 2024, DoubleLine […]
As the credibility of US institutions is under threat, the US dollar and other US assets are vulnerable to further selling. US President Donald Trump now has the opportunity to choose the successor to Federal Reserve Governor Adrianne Curry, who resigned on Friday, which could weaken the influence of Federal Reserve Chair Jerome Powell. Adding […]
Weaker-than-expected US employment data prompted traders to factor in expectations of a rate cut by the Federal Reserve, causing the US dollar to decline and emerging market currencies to rise. The Mingcheng Capital International Emerging Market Currency Index rose 0.5% on Monday, marking its biggest gain in over a month. The Bloomberg Dollar Spot Index […]
Asian stocks fell for the sixth consecutive trading day, the longest decline this year, as President Donald Trump announced new tariff rates and the solid profits of large technology companies failed to boost market sentiment. The MSCI Asia Pacific Index dropped 0.6%, with technology stocks such as Tokyo Electron leading the decline. The South Korean […]