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Asia-Pacific shares mixed as investors react to Biden-Xi talks; Razer shares in Hong Kong soar

KEY POINTS Shares in Asia-Pacific were mixed on Tuesday . Investors also reacted to a Tuesday virtual meeting between U.S. President Joe Biden and Chinese President Xi Jinping, the closest communication between the two countries’ leaders since Biden took office in January . Shares of gaming hardware firm Razer in Hong Kong surged more than …

Asia-Pacific shares mixed as investors react to Biden-Xi talks; Razer shares in Hong Kong soar قراءة المزيد »

Dollar near 16-month high versus euro ahead of U.S. retail sales data

KEY POINTS China’s offshore yuan hits 5-month high . Euro at 16-month low vs dollar . The dollar held just below a 16-month high versus the euro on Tuesday, while the yuan reached its strongest in more than five months as markets welcomed dialogue between the U.S. and Chinese presidentsz U.S. President Joe Biden and …

Dollar near 16-month high versus euro ahead of U.S. retail sales data قراءة المزيد »

European markets close higher with earnings and data in focus; Vodafone up 4%

KEY POINTS On the data front, U.K. employment and wage figures for September are due before the opening bell on Tuesday. Euro zone third-quarter employment and GDP readings will be published mid-morning . Corporate earnings in Europe come from Imperial Brands, Bouygues, Vodafone and Asda among others . Bitcoin and other cryptocurrencies fell sharply on …

European markets close higher with earnings and data in focus; Vodafone up 4% قراءة المزيد »

China shares trade lower even as economic data beats expectations; South Korea leads gains in Asia

KEY POINTS Shares in Asia-Pacific were mixed on Monday Data released Monday showed retail sales in China rising 4.9% year-on-year in October, higher than the 3.5% predicted in a Reuters poll. Industrial output for the month also grew 3.5% as compared with a year ago, besting expectations by analysts in a Reuters poll for a …

China shares trade lower even as economic data beats expectations; South Korea leads gains in Asia قراءة المزيد »

Gold set for best week since May as inflation fears grow

KEY POINTS Spot gold was little changed at $1,862.50 per ounce by 12:16 p.m. ET U.S. gold futures dipped 0.1% to $1,864.90 . . Gold prices were on track to post their best week in six months on Friday, with bullion’s appeal as an inflation hedge burnished by a surge in U.S. consumer prices Fundamentals …

Gold set for best week since May as inflation fears grow قراءة المزيد »

Dollar dips but on track for third consecutive weekly gain

    The U.S. dollar lost some ground on Friday as high inflation wreaked havoc on consumer sentiment, but the greenback was on track for its third straight weekly gain after a surprisingly strong U.S. inflation print shocked markets on Wednesday, prompting investors to advance their bets for a U.S rate hike The dollar turned …

Dollar dips but on track for third consecutive weekly gain قراءة المزيد »

European stocks end the week higher despite inflation worries; Richemont up 10%

KEY POINTS The Stoxx 600 closed up by 0.3% provisionally, with most sectors and major bourses in positive territory. The pan-European benchmark was up 0.8% on the week AstraZeneca, Richemont, Deutsche Wohnen and Deutsche Telekom were among the companies reporting earnings Friday morning Historic inflation surges in the U.S. and China have weighed on global …

European stocks end the week higher despite inflation worries; Richemont up 10% قراءة المزيد »

Asia-Pacific stocks mixed; Evergrande Group shares surge following report it has paid some bondholders

KEY POINTS Asia-Pacific stocks were mixed on Thursday Shares of China Evergrande Group listed in Hong Kong jumped more than 6% following a report from Chinese media outlet Cailianshe that several bondholders received coupon payments from the debt-ridden developer Employment in Australia fell unexpectedly by 46,300 in October, seasonally adjusted estimates from the country’s Bureau …

Asia-Pacific stocks mixed; Evergrande Group shares surge following report it has paid some bondholders قراءة المزيد »

European stocks close higher as investors weigh inflation, earnings

KEY POINTS U.S. inflation data released on Wednesday showed that October’s consumer price reading jumped at the hottest annual pace in more than three decades Earnings in Europe on Thursday came from firms including Delivery Hero, Siemens, and Burberry Auto Trader was the biggest climber on the Stoxx 600, surging 14% after delivering strong forward …

European stocks close higher as investors weigh inflation, earnings قراءة المزيد »

Dollar soars to 16-month high, stocks rebound after CPI scare

    The dollar rose on Thursday, hitting a 16-month high a day after the strongest inflation reading in more than three decades, as currency markets anticipated U.S. interest rate hikes next year while equities headed higher, with stock investors focused on the rosy earnings outlook The UK’s blue-chip stock index hit 20-month highs as …

Dollar soars to 16-month high, stocks rebound after CPI scare قراءة المزيد »

Asia stocks mixed; shares of Chinese developer Fantasia plunge in return to trade

KEY POINTS Shares in Asia-Pacific were mixed on Wednesday . Hong Kong-listed shares of Chinese real estate firm Fantasia Holdings dropped 36.61% on Wednesday . China’s consumer inflation for October came in roughly in line with expectations, according to official data. The consumer price index for October rose 1.5% year-on-year, against expectations in a Reuters …

Asia stocks mixed; shares of Chinese developer Fantasia plunge in return to trade قراءة المزيد »

Dollar near one-month low to yen as inflation test looms

KEY POINTS The dollar index was little changed at 93.997 after retreating gradually from a more than one-year peak at 94.634 reached Friday . The currency was steady at 112.87 yen after dipping to 112.73 on Tuesday for the first time since Oct. 11 . China’s October factory gate prices rose at the fastest pace …

Dollar near one-month low to yen as inflation test looms قراءة المزيد »

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