KEY POINTS Pfizer announced Friday that its easy-to-administer Covid-19 pill, used in combination with a widely used HIV drug, cut the risk of hospitalization or death from the virus by 89% in high-risk adults . U.S. job gains for the month roared to 531,000 versus a consensus projection of 450,000 . . LONDON — European …
European markets inch higher on positive Covid news, U.S. jobs data قراءة المزيد »
The dollar rebounded on Thursday, recovering after the Federal Reserve repeated it saw high inflation as transitory while all eyes were on the Bank of England which could become the first major central bank to raise rates since the COVID-19 crisis The Fed announced on Wednesday a $15 billion monthly cut to its …
Dollar rebounds as investors buy post-Fed dip قراءة المزيد »
Gold prices jumped 1% on Thursday after the Federal Reserve indicated it would be patient on raising interest rates and as the Bank of England defied expectations of more hawkish policy Spot gold was up 1.7% to $1,793 per ounce, after touching a three-week low on Wednesday. U.S. gold futures for December delivery …
Gold jumps 1% as Fed signals patience on rate hikes, BoE holds fire قراءة المزيد »
KEY POINTS The U.S. Federal Reserve said Wednesday it will begin to curb the pace of its monthly bond-buying program “later this month . The Bank of England’s Monetary Policy Committee decided on Thursday to hold off pulling the trigger on interest rate hikes . . LONDON — European stocks closed higher on Thursday as markets reacted …
European markets close higher as investors digest Fed, Bank of England decisions قراءة المزيد »
KEY POINTS Shares of Kakao Pay surged in their Wednesday South Korea debut as they more than doubled from their issue price of 90,000 Korean won . A private survey released Wednesday showed growing Chinese services activity in October, with the Caixin/Markit services Purchasing Managers’ Index coming in at 53.8 . The Federal Reserve concludes …
Asia-Pacific stocks mixed; Kakao Pay shares soar in South Korea debut قراءة المزيد »
The dollar hovered near recent peaks versus the euro and the yen on Wednesday as investors waited for the U.S. Federal Reserve to start unwinding its pandemic-era stimulus and to assess Chair Jerome Powell’s take on inflationary pressures. Moves were small in Asia and at the start of the European trading day in …
Dollar hovers near peaks as Fed heads for taper قراءة المزيد »
KEY POINTS Asia-Pacific stocks were mixed on Tuesday . . Hong Kong-listed shares of Chinese real estate firms dropped amid renewed fears . The Reserve Bank of Australia on Tuesday announced its decision to keep its cash rate target unchanged but decided to stop its target of 10 basis points for the April 2024 Australian …
Chinese real estate stocks slide amid renewed fears in mixed Asia trading day قراءة المزيد »
Australia’s dollar fell on Tuesday after the Reserve Bank of Australia sounded a more dovish tone than expected, in the first of several meetings of central banks this week Attention now turns to the Federal Reserve, which kicks off its two-day meeting on Tuesday and is expected to announce the start of tapering its …
Aussie drops as RBA sounds dovish tone in busy cenbank week قراءة المزيد »
Oil steadied near $85 a barrel on Tuesday, not far from a multi-year high, supported by signs that supply from OPEC and other producers is falling short, although expectations of a rise in U.S. inventories was weighing The increase in OPEC’s oil output in October undershot the rise planned under a deal …
Oil steadies near $85 as supply lags, U.S. inventories eyed قراءة المزيد »
KEY POINTS The Federal Reserve’s highly-anticipated Federal Open Market Committee meeting kicks off on Tuesday European earnings were in focus on Tuesday with the latest figures coming from Fresenius, HelloFresh, DSM, Adecco Group, Standard Chartered, BP and Ferrari Oil and gas giant BP beat third-quarter earnings expectations on Tuesday, fueled by surging energy prices . . . …
KEY POINTS Asia-Pacific stocks were mixed on Friday . Apple reported revenue that fell short of Wall Street expectations in its fiscal fourth quarter. CEO Tim Cook said there were larger-than-expected supply constraints on iPhones, iPads and Macs . . Australia’s retail sales rose 1.3% month-on-month in September on a seasonally adjusted basis, according to …
Asia-Pacific stocks mixed; Apple supplier stocks in focus after revenue miss قراءة المزيد »
The dollar bounced back on Friday from a prior day plunge after yields on government bonds rose and traders saw new inflation reports as challenging major central banks to pull back on asset purchases more quickly than planned The dollar index was up nearly 0.5% in the morning in New York after having …
Dollar rises with Treasury yields, as euro losses deepen قراءة المزيد »
