Asian Stock Markets, US Futures Higher Over Holiday Sales
Asian stock markets and US equity futures posted decent gains on Monday over the hopes of a solid US holiday sales. Read more here!
Asian stock markets and US equity futures posted decent gains on Monday over the hopes of a solid US holiday sales. Read more here!
The dollar experienced massive gains as investors flocked the world’s most liquid currency on fears of a slowdown in global economic growth. Read more here!
IBM Corp’s $34 billion deal to acquire Red Hat Inc. drove shares in the small but fast growing software maker 50 percent higher on Monday, reflecting the huge premium IBM is paying to ward off any potential challenger bids. At $175, the shares of Red Hat were still trading around $15 short of the $190 …
Anxiety about China’s sluggish economy growth spill across Asian markets on Monday while US stock futures turning down and Chinese shares lingering in the red as concerns about US corporate earnings and global growth continued to pull down sentiment. E-mini futures for the S&P 500 and Dow e-minis slipped around 0.3 percent each, giving up …
Friday was still markedly turbulent for world markets as economic news focused of the slide on Asian shares to 20-month lows. Meanwhile, S&P futures fell steeply and China’s yuan weakened. Anticipation for corporate profits also added to the lingering fears toward global trade and economic growth. In a sign of shaky investor confidence, the gloom …
World Stock Markets Tense after Gloom in Asian Trading Read More »
The euro weakened on Monday after a report said that German Chancellor Angela Merkel will not seek re-election as party chairwoman, marking the end of a 13-year era in which she has dominated European politics. [img desc: Angela Merkel announces she wouldn’t seek re-election] The euro slipped 0.4 percent to reach a day’s low …
The dollar edged higher against a basket of its key rivals on Monday, not far from a 10-week high following that data that showed US economic growth slowed less than expected and as global risk sentiment stayed fragile. The US currency has found support recently on the safe-haven buying as the investors’ demand for riskier …
Dollar Goes Up Against other Currencies on Bullish Data Read More »
The dollar was near a 10-week high on Friday as investors anticipated the US economic growth figures’ impact on its continuing strength that has been going on for months in the forex world. US President Trump has been outspoken about his displeasure over the dollar’s strength, deviating from a custom in which US presidents try …
US Dollar Nears 10-Week Highs Ahead of US Growth Report Read More »
Over 70 percent of US companies that have operations in southern China are planning of delaying further investments in there and moving some or all of their manufacturing to other countries as the trade war starts to bite into profits, according to a business survey data shown on Monday. [img desc: US Firms in China …
China-Based US Firms Plans to Relocate, Survey Says Read More »
The Bank of Japan retain its policy settings at its meeting this week, according to economists in a poll, amid stronger speculation that the BOJ will eventually use greater flexibility in yield movements as a tightening measure. [img desc: Bank of Japan Maintains Policy Stance, Centers on 10-Year Yield Range] All 46 analysts that were …
Japan to Retain Policy, Centers on 10-Year Yield Range Read More »
Saudi Arabia is planning to balance its state budgets over the medium term although they stay willing to accept deficits if they are needed to fuel economic growth, according to Finance Minister Mohammed al-Jadaan. The government has announced that it will get rid of the budget gap, officially projected at 148 billion riyals ($39.5 billion) …
Saudi Arabia Willing to Accept Deficit for Economic Growth Read More »
Oilseed traders in China on Monday played down the possible impact on soy consumption of new government guidelines to lower the protein content of animal feed, saying that increasing soymeal and soybean prices would be a far larger curb on appetite. The country has been going after multiple ways to reduce its consumption of feed …
Oil prices slipped on Monday in the midst of cautious sentiment as a slip in financial markets last week and dollar strength in the earlier week highlighted concerns that growth may be slowing down, especially within Asia’s emerging economies Fron-month Brent crude oil futures were trading lower 46 cents, or 0.6 percent, at $77.16 per …
Oil prices slipped on Friday o and were set for a third consecutive week of loss, with Saudi Arabia cautioning of an oversupply in the middle of a slump in global equities trade that blurs the outlook for demand. Brent crude futures were down 47 cents, or 0.6 percent, at $76.42 a barrel. The global …
Oil Prices Drop on Worries over Possible Oversupply Read More »