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European stocks shed Evergrande tensions to trade higher ahead of Fed update

KEY POINTS European stocks opened higher on Wednesday as global investors await the outcome of the latest meeting of the U.S. Federal Reserve and as tensions ease over embattled Chinese property developer Evergrande The pan-European Stoxx 600 index opened 0.8% higher Wednesday   European stocks traded higher on Wednesday as tensions ease over embattled Chinese …

European stocks shed Evergrande tensions to trade higher ahead of Fed update قراءة المزيد »

Risk-sensitive currencies perked up by Evergrande, dollar anchored before Fed

Risk-sensitive currencies such as the Australian dollar and Chinese yuan jumped and the safe-haven yen eased slightly on Wednesday after Chinese property giant Evergrande said it would make an upcoming yuan bond coupon payment, allaying immediate fears of a default Some of the excitement fizzled, however, after traders realised it was still not known whether …

Risk-sensitive currencies perked up by Evergrande, dollar anchored before Fed قراءة المزيد »

Dollar holds gains, yuan under pressure as Evergrande risks grow

KEY POINTS The greenback was mostly flat at $1.17245 per euro after gaining to $1.1700 overnight The dollar index, which measures the currency against six major peers, was little changed at 93.2241 after rising overnight to 93.455 for the first time since Aug. 23 The yen eased back about 0.2% to 128.50 to the single …

Dollar holds gains, yuan under pressure as Evergrande risks grow قراءة المزيد »

European markets open higher despite nerves over China; Fed meeting ahead

KEY POINTS European stocks opened higher on Tuesday, bouncing back from heightened investor nerves over a Chinese property developer and ahead of a two-day meeting of the U.S. Federal Reserve The pan-European Stoxx 600 index opened 0.4% higher European stocks opened higher on Tuesday, bouncing back from heightened investor nerves over a Chinese property developer …

European markets open higher despite nerves over China; Fed meeting ahead قراءة المزيد »

Evergrande worries drag risk FX lower, dollar catches safety bid

  KEY POINTS Yuan skids from 3-mth highs to 3-wk lows on Evergrande worries Dollar index at 4-week high on safety bid Risk/commodity FX hit     The offshore Chinese yuan skidded to three-week lows on Monday, dragging lower other risk and commodity currencies, while the safe haven dollar rose as worries about Chinese property …

Evergrande worries drag risk FX lower, dollar catches safety bid قراءة المزيد »

European markets down 1.7% on Evergrande fears; investors prepare for Fed meeting

KEY POINTS Hong Kong’s Hang Seng index led losses among Asia-Pacific markets in overnight trade on Sunday, with shares of embattled Chinese developer China Evergrande Group continuing to drop Markets in mainland China, Japan and South Korea were closed on Monday for holidays LONDON — European stocks were lower on Monday as global markets contended with concerns over the …

European markets down 1.7% on Evergrande fears; investors prepare for Fed meeting قراءة المزيد »

Hang Seng index drops more than 3% as Evergrande shares plunge 10%, other property stocks fall

KEY POINTS Hong Kong’s Hang Seng index led losses in Monday trade, with shares of embattled Chinese developer China Evergrande Group continuing to drop The Hang Seng Properties index dropped to a 52-week low, falling 6.69% on the day Markets in mainland China, Japan and South Korea were closed on Monday for holidays SINGAPORE — …

Hang Seng index drops more than 3% as Evergrande shares plunge 10%, other property stocks fall قراءة المزيد »

Hong Kong’s Hang Seng index falls nearly 5% for the week; Evergrande shares drop more than 3%

KEY POINTS Asia-Pacific stocks were mixed on Friday Shares of China Evergrande Group fell 3.42% on Friday as fears over its debt problems continue to weigh on investor sentiment The benchmark Hang Seng index in Hong Kong closed 1.03% higher at 24,920.76, recovering partially from heavy losses earlier in the week. Still, the index declined …

Hong Kong’s Hang Seng index falls nearly 5% for the week; Evergrande shares drop more than 3% قراءة المزيد »

Dollar holds near three-week high after U.S. data boost

    The dollar held near three-week highs on Friday after better-than-expected retail sales numbers in the United States boosted bets on the strength of the U.S. economy and earlier monetary policy tightening. The euro pulled itself into positive territory by the European mid-morning but at $1.1783 remained close to a three-week low U.S. retail …

Dollar holds near three-week high after U.S. data boost قراءة المزيد »

European markets close lower as growth fears weigh on global sentiment; Anglo American sinks 8%

KEY POINTS U.K. retail sales fell unexpectedly in August, dropping 0.9% month-on-month against a Reuters average forecast for a 0.5% rise. Investors in recent days have been reacting to softer U.S. inflation data which tempered expectations of imminent tapering of asset purchases by the Federal Reserve, and weak retail sales figures from China,  which suggested …

European markets close lower as growth fears weigh on global sentiment; Anglo American sinks 8% قراءة المزيد »

European markets advance, breaking from cautious global sentiment; Continental down 12%

KEY POINTS U.S. jobless claims data is set to be released Thursday, with economists polled by Dow Jones expecting a total of 320,000 Americans filed for unemployment insurance last week Investors in recent days have been reacting to softer U.S. inflation data, which tempered expectations of imminent tapering of asset purchases by the Federal Reserve, …

European markets advance, breaking from cautious global sentiment; Continental down 12% قراءة المزيد »

Asia-Pacific shares mixed; Evergrande shares tumble nearly 12% following property sales drop warning

KEY POINTS Shares in Asia-Pacific were mixed in Tuesday trade   In Hong Kong, China Evergrande Group’s stock plunged 11.87% after the embattled property developer on Tuesday flagged expectations for a “significant continuing decline in contract sales in September   The U.S. consumer price index for August is set to be released on Tuesday stateside, …

Asia-Pacific shares mixed; Evergrande shares tumble nearly 12% following property sales drop warning قراءة المزيد »

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