Asian stocks mixed amid Fed warning, China hopes

https://tmsnrt.rs/2zpUAr4 Federal Reserve Chairman Waller underestimates the CPI as just a single number Beijing offers property support, COVID steps Biden will meet with Xi at the G20 meeting SYDNEY (Reuters) – Asian stock markets were mixed on Monday as a major US central bank warned investors to stay away from single-digit inflation, while Chinese stocks … Read more

Morning Show: Consumer Inflation, Crypto Deflation

A look at the day ahead in the US and global markets from Mike Dolan. Wall Street shuddered after this week’s inconclusive US midterm elections, but Wednesday’s sharp market losses were due to an internal meltdown in crypto assets, severe tech sector troubles and fear ahead of a major US inflation update on Thursday. Annual … Read more

As the yen weakens, gadget-loving Japan turns to used iPhones

TOKYO (Reuters) – For years Japanese shoppers have been eagerly waiting for the latest hardware, but now a weaker yen has put new iPhones out of reach for some and sparked a growing second-hand trade in a key market for Apple Inc. (AAPL.O). The Japanese currency’s slide to a 32-year low against the dollar has … Read more

Look at Rishi Sunak to become the new Prime Minister of Britain, and the UK markets have rebounded

LONDON (Reuters) – Former British finance minister Rishi Sunak will be Britain’s next prime minister after his rivals withdrew from a race that analysts said eased some tension over Britain’s economic outlook, boosting domestic markets. The 42-year-old will become the country’s third prime minister in less than two months, after his predecessor, Liz Truss, was … Read more

Analysis: Poor countries are at risk from elusive G-20 debt relief efforts

LONDON/WASHINGTON (Reuters) – The failure to make concrete progress on debt relief for the world’s poorest countries at the annual meeting of the International Monetary Fund and World Bank in Washington frustrated policymakers, activists and investors. Two years ago, the Group of Twenty launched the Joint Framework – a mechanism designed to provide a rapid … Read more

Dollar weather suspected yen intervention, China data mixed

https://tmsnrt.rs/2zpUAr4 The dollar was affected against the yen due to the suspected intervention of the Bank of Japan Asian stocks rise with Wall Street, major profits loom Chinese GDP beat expectations but retail sales disappoint Stg up a bit as Boris Johnson exits PM . race SYDNEY (Reuters) – The dollar escaped another suspected explosion … Read more

Analysis: Indonesia’s defenses begin to crumble against the relentless dollar

SINGAPORE (Reuters) – The Indonesian currency is falling and foreign money in bond markets is heading out, raising fears that Southeast Asia’s largest economy is finally beginning to collapse after months of perceived resilience in the face of global headwinds. Despite its history of ruthless market beatings during times of global economic stress, Indonesia was … Read more

Stocks dip in Asia, bracing for CPI and earnings

https://tmsnrt.rs/2zpUAr4 S&P 500 futures down 0.5%, Nikkei futures down Markets brace for core high earnings season for US CPI Beware of the possible Russian reaction to the bridge attack Japan and South Korea on holiday, the treasury market closed SYDNEY (Reuters) – Shares in Asia fell on Monday after a surprise drop in the US … Read more

Stocks Rebound, Oil Rises Again as Market Looks for High Unemployment Data

WASHINGTON/LONDON, Oct 6 (Reuters) – U.S. stocks appeared set to recover after fresh economic data indicated a tightening labor market, while oil prices headed into the water after the announcement of deep supply cuts from OPEC+. US stocks erased their early losses to start the day in positive territory after the US Labor Department reported … Read more

Brazilian markets have their best day since 2020 as Bolsonaro beats polls

São Paulo (Reuters) – Brazilian markets jumped on Monday as a stronger-than-expected performance by President Jair Bolsonaro and his allies in Congress in the first round of a general election eased concerns about sharp changes in economic policy. The Brazilian currency strengthened more than 4% against the dollar, while the benchmark Bovespa stock index (.BVSP) … Read more