Mon, October 03, 2022

Asian countries

Yuan

The Yuan Declines as Asian Equities Fall Even Further

Most Asian currencies modestly increased on Tuesday as the dollar’s run below 20-year highs halted. At the same time, the Chinese yuan declined to a new two-year low. The Singapore dollar increased by 0.2%, while the Japanese yen and Indian rupee gained 0.3%. The New Zealand dollar outperformed all other currencies in the Asia-Pacific region. …

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Broker News

ThinkMarkets UK Records Profit Jump Despite 38% Revenue Dip

Turnover for ThinkMarkets, decreased 38% to £2.73 million this year from last year’s £4.38 million. Think Markets is a UK business of Melbourne-based broker. Although its executive expenses decreased, the company’s operating profit for 2021 was still higher than last year’s £206,556 at £250,112. With other interests and income amounting to £68,000 (unchanged from the …

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Here is What’s Happened in Asian Stock Market

On Tuesday, the majority of Asian stock markets marginally increased as investors grew cautiously hopeful about impending data that indicated a persistent decrease in U.S. inflation. After the market closed on Tuesday, Japanese equities rose as increases in the railway & bus, transportation, and retail sectors drove up stock prices. The Nikkei 225 gained 0.25% …

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Stocks in Asia

Despite Fears Over China COVID, Asian Equities Rise

China was an exception as dismal data signaled additional pressure on the COVID-hit economy, but Asian equities rode a global rebound on Thursday, enjoying wide gains as oil prices stabilized at lower levels only seen previous to the Russian-Ukraine War. Despite an anticipated ECB rate rise and concerns about an energy crisis, futures markets indicated …

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dollar

More Trouble Ahead for the Yen Amid U.S. Yield Rise

On Wednesday, the dollar ruled everything it surveyed, reaching a new 24-year top against the yen and nearing a 20-year high against the euro as U.S. economic data supported the Federal Reserve’s intention to continue its aggressive policy tightening.   The American dollar was also boosted by global economic turbulence that drove investors to safety. …

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Asian Markets

What You Need to Know Before Trading in Asian Markets

On Tuesday afternoon, Asian markets mostly erased morning gains as investors maintained their caution ahead of this week’s meeting of the European Central Bank while also keeping an eye out for any consequences of Russia’s gas curtailment.   Following Monday’s Labor Day holiday break, U.S. equities are expected to begin higher on Tuesday, with E-mini …

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Stocks and tensions

Stock Market Overview: What Should We Expect?

The European stock market fell and the dollar continued to strengthen. New restrictions to curb the spread of the virus in China added to investor concerns about the global economy’s health.  The Stoxx Europe 600 was down 0.6% in early trade after Chinese shares fell sharply amid new Covid-19 restrictions. Germany’s Dax fell 0.8%. USD/JPY …

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