ASIAN MARKET – Asian stocks were higher on Friday after index publisher MSCI announcement which said it would increase the weighting of Chinese mainland shares in its benchmarks that measure stock performances globally. Meanwhile, the dollar benefited from robust economic data. The MSCI index said that it would increase four times the weightings of China’s …
Asian Market: Stocks Higher after MSCI Announcement Read More »
ASIAN MARKET – Asian stocks experienced a China-led rise on Monday after US President Donald Trump announced that he would delay planned hikes in tariffs on Chinese imports. Negotiations between the two economic superpowers have made “substantial progress,” Trump said. Last Sunday, Trump tweeted announced that he would delay the scheduled tariff hikes supposed to …
Asian Market: China Stocks Rise after Trump Tariff Delay Read More »
The dollar struggles on facing its peers today, falling before the Federal Reserve’s (Feds) policy minute talk. However, it manages to gain on the yen when strong investor risk desires to rim the demand of the Japanese money. That makes the U.S. dollar up by 0.2 percent at about 110.83 yen. As the safe-haven currency …
Forex Markets: Dollar grapples ahead Fed minutes while gaining in Yen Read More »
The U.S.-China trade talks are near its ending. Signals point towards a done deal, with China to continue a large run on trade surpluses with the United States. Additionally, it will never affirm Washington’s imposing reforms for its trade industry. The government of China negotiators is firmly tough. For instance, China and Russia arriving on …
Biggest Economies: US-China Trade Deal Resolution is Near Read More »
Novartis AG prescription drug prices have been “flat to negative” over the last three years because of high costs for US patients on middlemen tasked to manage drug benefits, according to the company’s chief executive Vas Narasimhan. During an interview, the 42-year-old US doctor who has led the Swiss drugmaker since February 2018 expressed his …
The euro slipped to a new two-week low against the dollar during the early trading in Europe, with traders expecting more pessimism over the global economic outlook. German industrial output data have already set the tone, showing a drop of 0.4 percent in December instead of the 0.7 percent rise that has been predicted. Meanwhile, …
US President Trump’s State of the Union Address, which tackled trade and budget concerns but otherwise did not surprise listeners, showed no drastic effects on the dollar on Wednesday. Trump delivered an outline of his concerns for the coming year in an annual speech. Included in his speech was the issue of illegal immigration as …
Dollar Firm after Trump’s Speech Showed No Surprises Read More »
The US dollar retained its recent gains versus its major peers on Tuesday, backed by a recovery in investor’s risk appetite, which gave an overnight boost to US yields. The Australian dollar gained, recouping earlier losses, after the Reserve Bank of Australia (RBA) held rates at record lows at its first meeting of the year …
The US Department of Justice has charged Huawei with theft of trade secrets, wire fraud, and obstruction of justice. A 10-count indictment accuses Huawei stole trade secrets from T-Mobile starting in 2012. Huawei also allegedly offered bonuses to employees who stole confidential information from other companies, particularly US carrier T-Mobile. Additionally, a 13-counti indictment charged …
US Charges China’s Huawei of Stealing Trade Secrets Read More »
The yen was stronger against its peers on Tuesday with investors trying to take refuge in safe-haven assets after the US Justice Department charged Chinese giant Huawei Technologies Co Ltd with fraud, ramping up the US-China trade tensions. The United States on Monday charged Huawei, its chief financial officer, and two other affiliates with bank …
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 …
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 …
Dollar Struggling over Trade War, Gov’t Shutdown Read More »
US President Donald Trump said in a late night Tweet on Wednesday that he would delay the State of the Union Address until the government shutdown was over as a response to House Speaker Nancy Pelosi’s move to obstruct his plans for the speech. Earlier in the day, Democratic leaders in the House of Representatives …
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 …
Dollar Nears Two-Week High on IMF Cut over Global Growth Read More »
The dollar held firm near a two-week high against a basket of six other currencies on Monday, with investor risk appetite help up in spite of the most recent data showing China’s 2018 economic growth slowing to a near three-decade low. The dollar index, which tracks the dollar’s strength against a group of six other …
Dollar Hovers Near 2-Week Highs, China GDP Disappoints Read More »
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