Fri, January 27, 2023

economy

asian stocks a man looking at sheet for asian stocks

Asian Stocks Edge Up on Wall Street Strength

Asian stocks inched up in subdued trade on Thursday after Wall Street ended higher, but political uncertainty in the United States and concerns about weakening global economic growth kept many investors on the sidelines. Financials spreadbetters expect London’s FTSE, Frankfurt’s DAX, and Paris’s CAC to slip slightly when trade session open, with investors awaiting news …

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Dollar Struggling over Trade War, Gov’t Shutdown

The dollar was restrained versus its peers on Thursday, limited by concerns over global growth, the US government shutdown, and a yet-unresolved US-China trade war. “Trade tensions are the most dominant factor for investor sentiment right now and will drive market flows,” said Nick Twidale, who is the chief operating officer at Rakuten Securities. Twidale …

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BOJ Slashes Inflation View, Retains Monetary Stimulus

The Bank of Japan (BOJ) has slashed its inflation forecasts on Wednesday and warned of rising risks to the economy from faltering global demand, further pushing back policymakers’ years-long efforts to foster durable growth. As widely expected, the BOJ retained its ultra-easy monetary settings at its policy review, leaving Japan some way off from exiting …

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Japanese money Yen bills and coins

Yen Slumps on Global Growth Risks and Trade Tensions

The safe-haven yen fell versus its peers on Wednesday as worries over slowing global growth and US trade tensions dampened investors’ appetite for riskier assets. The yen weakened by 0.3 percent versus the greenback to 109.73. Against the Aussie dollar, it slipped 0.5 percent. As widely anticipated, the Bank of Japan kept monetary policy unchanged …

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dollar bills piled up

Dollar Nears Two-Week High on IMF Cut over Global Growth

The dollar stayed close to its two-week highs against its peers on Tuesday as a slowdown in China’s economy to 28-year lows fueled fresh worries regarding global growth and prompted investors to move into safe-haven currencies. Overnight, the International Monetary Fund (IMF) slashed its 2019 and 2020 global growth forecasts, citing a bigger than expected …

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IMF sign

IMF Downgrades Global Growth Forecasts

The International Monetary Fund slashed its global growth forecasts on and a survey showed increasing negativity among business chiefs as trade tensions and uncertainty loomed over the world’s biggest annual gathering. The bleak IMF forecasts, published on the eve of the World Economic Forum in Davos, Switzerland, emphasized the challenges that are faced by policymakers …

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daily market charts and analysis

Daily Market Charts and Analysis January 21, 2019

Here are the most recent and most relevant stock market charts and analysis. Check them out below! EURCAD The pair was expected to bounce back in the following days with the formation of the “Golden Cross” and the “Rising Wedge” pattern. As Canada became the battleground for the economic-turned-political war between the United States and …

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