Key points The Nikkei share average fell by 1.6% to 38,202.37, erasing previous gains. Corporate earnings and U.S. economic indicators significantly influenced market movements. Japan’s Nikkei share average dipped over 1% on Wednesday, retreating from the multi-week highs observed in …
Key points South Korean shares climbed on investor hopes for U.S. Federal Reserve rate cuts and positive U.S. stock movements. South Korea’s foreign exchange reserves fell in April, while corporate earnings from Kumho Petrochemical indicated a decline in net income. …
With 65.61% of traders expecting a downturn in USD/JPY, conventional wisdom might suggest preparing for a decrease. However, the market often defies direct expectations, and the relatively high ratio of bears might hint at an overcrowded trade. For EUR/JPY, the …
7th May 2024 Key points: The Australian dollar fell slightly following the RBA’s decision to keep interest rates unchanged. Australian bond prices rose, and futures markets adjusted their expectations for further rate hikes downward. RBA’s rate decision On Tuesday, the Australian dollar …
Key points: Gold prices see a modest increase as traders anticipate a Federal Reserve rate cut. Geopolitical tensions and economic indicators remain key drivers for market movements. Gold prices rose for the second consecutive session on Tuesday. This increase comes …
Key points: MSCI’s ACWI index reaches its highest point since June 2022. Expectations of rate cuts by major central banks propel stock markets globally. Global stock markets experienced a significant rally on Monday, driven by the anticipation that major central …
Key points: Shanghai copper contracts drop 0.7% to 81,180 yuan per metric ton. Firmer dollar makes greenback-priced metals more expensive for holders of other currencies. Shanghai copper prices fell on Monday tracking losses in London, amid a firmer dollar and …
6th May 2024 Key points: Euro zone government bond yields fell, prompted by U.S. economic data suggesting possible Federal Reserve rate cuts in 2024. The spread between Italian and German bond yields reached a 1-1/2-month low, influenced by Fitch’s confirmation …
Key points: Saudi Arabia hikes June crude oil prices for most regions US oil rig count falls by 7 to 499, Baker Hughes reports Brent crude futures gained 51 cents, or 0.6%, to $83.47 a barrel at 0636 GMT, while …
Key Points: Asian stocks reach new heights with investors expecting U.S. Federal Reserve rate reductions. The yen declines after Tokyo’s apparent efforts to strengthen it last week. Asian stocks reached their highest levels in more than a year this Monday, …
