DXY US Dollar Currency Index

Fed meeting ahead will decide whether stocks can stabilize or fall back to bear market lows

Fed meeting ahead will decide whether stocks can stabilize or fall back to bear market lows

The Federal Reserve is expected to raise interest rates by another three-quarters of a point Wednesday, but it is what it signals about future rate hikes that will drive markets. The central bank’s two-day meeting Tuesday and Wednesday comes in a week where investors will also be on high alert for more guidance about corporate …

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The U.S. dollar hasn't been this strong in two decades. And that's another problem for stocks

The U.S. dollar hasn’t been this strong in two decades. And that’s another problem for stocks

The U.S. dollar’s stunning climb to multi-decade highs has put stocks on an unsteady footing that could continue until investors see a high-water mark for U.S. interest rates. As the dollar edges higher, investors have become increasingly worried that the Federal Reserve may be too aggressive with interest rate hikes. Some strategists say investors are …

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Japan's Nikkei rises 2% in mixed Asia session following Wall Street's rebound rally

Japan’s Nikkei rises 2% in mixed Asia session following Wall Street’s rebound rally

Australia’s central bank sees case for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “recognizes” that “the case for a slower pace of increase in interest rates becomes stronger as the level of the cash rate rises.” National Australia Bank economist Tapas Stickland said Lowe’s remarks may be “signaling …

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Some market players are starting to fear a major policy error from a central bank

Some market players are starting to fear a major policy error from a central bank

A screen displays the Fed rate announcement as a trader works (inside a post) on the floor of the New York Stock Exchange (NYSE) in New York, June 15, 2022. Brendan McDermid | Reuters The U.S. Federal Reserve last week struck a hawkish tone on combating inflation via monetary policy, but analysts are concerned about …

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Asia markets drop as investors weigh concerns over Fed hikes; China cuts benchmark lending rates

Asia markets drop as investors weigh concerns over Fed hikes; China cuts benchmark lending rates

IMF to head to Colombo for more economic solutions The International Monetary Fund will visit Colombo this week to continue discussions with Sri Lankan authorities on economic and financial reforms and policies. “The objective is to make progress towards reaching a staff-level agreement on a prospective IMF Extended Fund Facility (EFF) arrangement in the near …

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Asia-Pacific markets trade lower after Wall Street cools following Fed minutes

Asia-Pacific markets trade lower after Wall Street cools following Fed minutes

The Philippines hikes interest rates by 0.5% Tencent shares buoyant as tech giant talks up new revenue channels Even though Tencent posted its first revenue decline for the second quarter this year on Thursday, the company’s shares traded in the black by 3.1% on Thursday. Pau said there are other upsides, which included Tencent’s plans …

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Asia-Pacific markets were mixed as BHP and Chinese real estate shares soar

Asia-Pacific markets were mixed as BHP and Chinese real estate shares soar

Indian wholesale price inflation falls to nearly 14% The annual wholesale price inflation rate in India fell to 13.93% in July from 15.18% in June, according to the latest data from India’s Office of the Economic Adviser. This was better than analysts’ estimates of 14.2%, according to a Reuters’ poll. The wholesale price inflation is …

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Property stocks drop as Hong Kong shares slip in mixed Asia trade; Australia's inflation rises

Property stocks drop as Hong Kong shares slip in mixed Asia trade; Australia’s inflation rises

SINGAPORE — Real estate stocks in Hong Kong dropped as Asia-Pacific markets traded mixed on Wednesday. Australia’s inflation rose and investors looked forward to the Fed’s policy decision. Property firm Country Garden’s stock plunged 15.05% after it said it would raise 2.8 billion Hong Kong dollars ($360 million) by selling 870 million new shares. The …

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Hong Kong's Hang Seng falls 2% as tech stocks drop; China's GDP misses expectations

Hong Kong’s Hang Seng falls 2% as tech stocks drop; China’s GDP misses expectations

SINGAPORE — Hong Kong’s Hang Seng falls 2% as tech stocks drop, and Asia markets were mixed as China’s GDP missed expectations. The Hang Seng index in Hong Kong fell 2%, and the Hong Kong Tech index slipped 3%. Alibaba’s U.S.-listed shares dropped more than 4% overnight after the Wall Street Journal reported that the …

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This ‘crypto winter’ is unlike any downturn in the history of digital currencies. Here's why

This ‘crypto winter’ is unlike any downturn in the history of digital currencies. Here’s why

There’s something about the latest crypto crash that makes it different from previous downturns. Artur Widak | Nurphoto | Getty Images The two words on every crypto investor’s lips right now are undoubtedly “crypto winter.” Cryptocurrencies have suffered a brutal comedown this year, losing $2 trillion in value since the height of a massive rally …

This ‘crypto winter’ is unlike any downturn in the history of digital currencies. Here’s why Read More »