Asian Stocks Shaky on Fed Rate Speculation
Asian shares fought to maintain the slimmest of recoveries on Friday amid the speculations that the Federal Reserve might be aiming for one last interest rate hike before pausing. Read more here!
Asian shares fought to maintain the slimmest of recoveries on Friday amid the speculations that the Federal Reserve might be aiming for one last interest rate hike before pausing. Read more here!
Oil prices slipped on Friday, dragged down by OPEC’s decision to delay a final decision to slash outputs, awaiting support from the non-OPEC but key member Russia. Read more!
The dollar floundered to recover in Asian trade on Friday, dragged by fresh speculation that the widely expected rate hike this month could turn out to the last one before the Federal Reserve reaches the pause button on its tightening cycle. Read on!
Australia’s central bank has some room to slash policy rates from current record lows although the next move is still likely to be an increase rather than a decrease, said Deputy Governor Guy Debelle. Read more here!
The safe haven yen edged higher against the US dollar on Thursday as the arrest of a leading Chinese executive in Canada. Read more here
Bitcoin and other cryptocurrency prices were higher on Wednesday in spite of the reports that Japan is getting ready to demand cryptocurrency exchanges to provide information on their clients who have been suspected of tax evasion. Read more here!
Medici Ventures, which is the blockchain venture arm of the Overstock.com Inc, has bought $2.5 million in equity in agricultural blockchain project GrainChain, according to the press release published on Tuesdays. Read more here!
China showed confidence on Wednesday that it can reach a trade deal with the United States. Read more here!
London-based broker XTB announced on Tuesday the removal of the old version of its xStation trading platform, effective on December 7. Read more here!
The dollar slumped in Asia on Tuesday after US Treasury yields slipped from three-month lows, with investors fretting over a possible pause in the Federal Reserve’s rate hike cycle and portents of recessions seen in a yield curve inversion. Read more!
Top US Federal Reserve officials say that a strong economy will possibly keep the bank’s increase plan intact, but on Monday a key signal, which is the yield curve, started to waver. Read more here!
The dollar broadly slumped on Monday as investor demand for riskier assets increased after China and the United States agreed to a ceasefire in their trade war. Read more here!
Oil prices increased by around 5 percent on Monday after the United States and China agreed to a 90-day ceasefire in their trade war. Read on!
Asian stocks gained ground on Monday after US and Chinese leaders came up with a truce in their trade dispute. Read more here!
China and the United States have agreed to a ceasefire in their prolonged and disruptive trade war on Saturday after a high-profile meeting. Read more!