Canada launches new Indo-Pacific strategy, focused on ‘disruptive’ China

OTTAWA (Reuters) – Canada on Sunday launched its long-awaited Indo-Pacific strategy, pledging more resources to deal with a “troubled” China as it works with the world’s second-biggest economy on climate change and trade issues. The 26-page document outlined spending of C$2.6 billion ($1.9 billion), including to strengthen Canada’s military presence and cyber security in the … Read more

Asian stocks mixed amid Fed warning, China hopes 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

Dollar weather suspected yen intervention, China data mixed 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

Stocks dip in Asia, bracing for CPI and earnings 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

Stocks drop on Fed rate hike bets, yen hits 24-year low

Register now to get free unlimited access to Register LONDON (Reuters) – European stock markets fell on Wednesday after US economic data prompted traders to increase bets the Federal Reserve would raise interest rates, sending the dollar to a 24-year high against the Japanese yen. US Treasury yields jumped and the dollar got a … Read more