A rate divergence between the US and China erodes the city’s lure as a cheap place for companies to raise funds. It’s time to move on.
Consumer price index delivers ‘a pleasant surprise’ and suggests ‘gentle easing of persistent inflationary pressures’, investor says.
HONG KONG (AP) — Asian stocks were mixed Wednesday followed Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence the pace of market-boosting rate cuts by the Federal Reserve. U.S. futures and oil prices were little changed. Tokyo’s Nikkei 225 index edged 0.1% higher to 38,505.54.
Massachusetts Senator Peter Durant wants the state to establish a strategic Bitcoin reserve amid global clamor for the coin.
The bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that’s put unwanted downward pressure on the yuan, analysts say.
Hong Kong stocks rose to an almost two-week high as slower growth in US consumer prices bolstered the case for the Federal Reserve to cut interest rates, while investors wait for fourth-quarter economic data that may show a stronger recovery in China.
Article IV Consultation with the Hong Kong Special Administrative Region (HKSAR), the International Monetary Fund (IMF) has recognized Hong
SLB helped lead the market after the provider oilfield services delivered bigger profit and revenues for the end of 2024 than analysts expected. It jumped 6.1% after it also raised its dividend by 3.6% and said it’s returning $2.3 billion to its investors by buying back its own stock.
Global stocks rose on Wednesday as a flurry of new policies from US President Donald Trump combined with robust corporate earnings to bolster investor optimism, while tariff uncertainty kept the dollar near two-week lows.
On the supply side, Trump's national energy emergency declaration and his push for energy independence are significant drivers of bearish momentum, as the policies could likely turn the U.S. into a net energy exporter, which might have lasting implications for global oil prices.
Asia-Pacific markets trade mixed on Wednesday, following Wall Street gains overnight after US President Donald Trump's less aggressive stance on tariffs. Investor sentiment soured after U.S. President Donald Trump said that his team was discussing a 10% tariff on China as early as Feb.
Asian shares rise and bitcoin hits a record high ahead of Trump's inauguration. European markets gain, while U.S. markets close for a holiday. Investors eye U.S.-China relations and central bank moves.