Month: September 2024
Carry trade unwind could replicate August mayhem, suggests currency strategist, as yen strengthens
The Bank of Japan is largely expected to hold interest rates steady at the end of its 2-day meeting ending June 14, 2024. Seen here, the Japanese flag flying high at the BOJ headquarters in Tokyo. Kazuhiro Nogi | Afp | Getty Images The unwinding of the yen carry trade is expected to continue in […]
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EU’s ‘Draghi report’ warns weak growth threatens bloc’s geopolitical relevance and climate targets
Italian Prime Minister Mario Draghi during the press conference at the Multifunctional Hall of the Prime Minister on July 12, 2022 in Rome, Italy. Massimo Di Vita | Mondadori Portfolio | Getty Images Economic growth in the European Union continues to lag behind that of China and the United States, threatening the bloc’s goals of […]
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European markets start the week on a positive note
Crowds of shoppers and visitors out on Oxford Street on 28th August 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — European stocks opened higher on Monday, shrugging off more negative sentiment on Wall Street and in Asia-Pacific markets. The pan-European Stoxx 600 index opened 0.47% higher, with all […]
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CNBC Daily Open: Markets don’t always reflect the state of the economy
Traders work on the floor of the New York Stock Exchange during morning trading on September 04, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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China’s property market has ‘not found a bottom’ yet, Standard Chartered CEO Bill Winters says
China’s property market has still not found a bottom despite all the turmoil in the past year, according to Standard Chartered CEO Bill Winters. Speaking to CNBC’s JP Ong, Winters described the investing environment in China as “difficult,” explaining that consumer confidence and international investor confidence was relatively low. “We know that the underlying source […]
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CNBC Daily Open: Why markets aren’t always a good barometer for the economy
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 4, 2024. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they […]
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China Renaissance shares plunge after 17-month suspension, former chairman’s detention
Shares of boutique investment bank China Renaissance fell as much as 72% to a record low on Monday when they resumed trading 17 months after being suspended during a probe involving its then-chairman and CEO Bao Fan. Greg Baker | AFP | Getty Images Shares of boutique investment bank China Renaissance fell as much as 72% to a record […]
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Huawei’s tri-fold phone gets 2.7 million pre-orders ahead of Apple’s iPhone 16 launch
Key Points Huawei has received more than 2.7 million pre-orders for its new, tri-fold smartphone, its website showed on Monday. The Chinese company began pre-orders for its Mate XT midday on Saturday. That was more than two days ahead of Apple’s planned iPhone 16 launch in the early morning Tuesday Beijing time. Source
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K-pop is more popular than ever, but that isn’t helping agency stock prices
BTS during an interview with host Jimmy Fallon on September 25, 2018. NBC | NBCUniversal | Getty Images South Korean pop stars are smashing records, performing at premier music festivals in the West and topping charts — but that stratospheric success is not mirrored in the stock performance of their management agencies. South Korea’s “Big […]
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China’s CPI climbs 0.6% in August, missing expectations as transport, home goods prices fall
egetable prices in China have risen significantly this summer, with analysts pointing to high temperatures and frequent rainfall as the main reasons. Vcg | Visual China Group | Getty Images BEIJING — China on Monday reported its consumer price index rose by 0.6% year on year in August, missing expectations as costs of transportation and […]
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