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Asian Stocks Dip As Markets Weigh Fed Fears, China Stimulus Hopes
Most Asian stocks retreated on Thursday amid continued concerns over rising interest rates and slowing global economic growth, although optimism over more Chinese stimulus measures helped limit some losses. Chinese losses limited as state banks cut deposit rates China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes moved in a flat-to-low range, while Hong Kong’s […]
Asian Stocks Edge Past Weak Economic Signals, Chinese Shares Lag
Most Asian stocks rose slightly on Wednesday as markets weighed worsening economic conditions in the region against the prospect of a pause in the Federal Reserve’s rate hike cycle this month. But China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes lagged their peers, reversing early gains after data showed the country’s trade surplus hit […]
Exclusive-Accounting For War: Ukraine’s Climate Fallout
The war in Ukraine is deepening the climate crisis at time when global greenhouse gas emissions are already running at a record high, according to report by carbon accounting experts who have tallied the overall impact of the conflict. The report, which is due to be released on the sidelines of the U.N. climate summit […]
Gold Prices Dip Amid Rate Hike Uncertainty, Copper Retreats
Gold prices fell slightly on Monday amid uncertainty over whether the Federal Reserve will hold interest rates steady later this month, while concerns over weakening economic growth pulled copper prices down. The yellow metal fell on Friday after U.S. nonfarm payrolls data read much stronger than expected for May, which posited a hawkish outlook for […]
Germany Leads Big Bond Rally As Inflation Finally Heads Down
Germany is leading the biggest rally in global bond markets since March’s banking rout as cooling inflation and a weakening economy suggest European Central Bank rate hikes are nearing an end. Borrowing costs, or bond yields, in the benchmark euro area issuer are down at least 20 basis points (bps) this week. Alongside British and […]
Asian Stocks Cautiously Higher As Debt Ceiling Bill Moves Forward
Most Asian stocks edged higher on Thursday, encouraged by progress towards averting a U.S. debt default, while signs of life in China’s manufacturing sector also helped fish local stocks from six-month lows. The U.S. House of Representatives voted in favor of a bill to suspend the debt ceiling late-Wednesday, pushing it forward to the Senate […]
Gold Edges Lower, Copper Slides On Disappointing Chinese Data
Gold prices crept lower on Wednesday as markets awaited more cues on the raising of the U.S. debt ceiling, while copper prices slid after data offered more signals of a slowing economic rebound in China. Copper futures sank 0.7% to $3.6338 a pound, and were set to lose about 6% in May as data showed […]
Asian Stocks Dip, Chinese Shares Hit 5-Mth Low As U.S. Ties Worsen
Most Asian stocks retreated on Tuesday as optimism over a deal to raise the U.S. debt ceiling was offset by fears of worsening ties between Beijing and Washington, amid renewed sparring between the two over trade and political sanctions. Chinese stocks were the worst performers for the day, with the Shanghai Shenzhen CSI 300 and […]