Asian stocks rose on optimism China was poised to announce stimulus measures after comments from Federal Reserve policymakers hinting at further easing spurred gains overnight. Equity benchmarks in Japan gained more than 1% as local markets reopened after a holiday. Shares in South Korea advanced and Hong Kong futures pointed to an increase of at … Read more
The Federal Reserve’s preferred price metric and a snapshot of consumer demand are seen corroborating both the central bank’s aggressive interest-rate cut and Chair Jerome Powell’s view that the economy remains strong.Economists see the personal consumption expenditures price index rising just 0.1% in August for the second time in three months. The inflation gauge probably … Read more
Asian stocks were steady early Tuesday following a mixed session on Wall Street where traders boosted bets the Federal Reserve will this week deliver a half-point rate cut. Equities in Sydney and Tokyo fluctuated. Futures for US stocks were little changed after the S&P 500 closed 0.1% higher and the Nasdaq 100 slid 0.5%, with … Read more
Charu Chanana, Global Market Strategist & Head of FX Strategy, Saxo Markets, says overall the message from global data is pretty clear that we are going into a slowdown. What we need to watch out for is whether that slowdown comes abruptly, which is what puts the markets in a more difficult position. But if … Read more
Kiril Sokoloff, chairman and founder of 13D Research & Strategy, is known for his big predictions in the global landscape over the past four decades including the rise of China and the technology boom in the 1990s. The investment strategist spoke about a range of topics including India, China and the US, among others, in … Read more
“Rate cuts typically occur with weak economic data. So, yes, on first thought, people might believe it’s “risk-on,” but it’s usually accompanied by poor economic data, which one should expect from the US, and this could jumble up sentiment for a while,” says Aashish P Somaiyaa, ED & CEO, WhiteOak Capital AMC. In an interview … Read more
“I am expecting a 25 basis point, not because the markets do not need more, it is just that an extreme move like a 50 basis point might really scare the markets and that is definitely not what the Federal Bank is trying to achieve,” says Farah Mourad, Senior Market Analyst, Equiti Group.Now promising data … Read more
Stocks in Asia rose Friday after robust US jobs and spending data eased recession concerns, fueling a rally in stocks and sending bonds tumbling. Equity benchmarks in Japan climbed over 2% at the open, while shares in Australia increased alongside those in South Korea. US futures contracts edged higher after the S&P 500 and tech-heavy … Read more
Japan’s Nikkei share average rebounded in early trade on Friday, as a surprise drop in U.S. unemployment claims assuaged recession fears, while a softer yen also provided some respite. The latest unemployment data suggested that fears the U.S. economy could be heading for a hard landing may have been overblown and the gradual softening in … Read more
The US is not in a recession, despite the indicator bearing my name saying that it is. The Sahm rule, which was triggered with Friday’s weaker-than-expected jobs report, joins a long list of economic tools skewed by the unusual disruptions of the past four and a half years. That said — and I say this … Read more
