Currency markets
Asia-Pacific markets rise, tracking Wall Street gains as AI stocks rebound
Hong Kong Skyline Nikada | E+ | Getty Images Asia-Pacific markets rose Thursday, tracking Wall Street gains after AMD’s third-quarter earnings beat lifted artificial intelligence stocks. Investors in the region are looking to Chinese autonomous vehicle firms WeRide and Pony.ai‘s market debut in Hong Kong later in the day. Both companies are already listed in […]
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Asia-Pacific markets fall, tracking Wall Street declines on concerns over U.S.-China trade relations
Asia-Pacific markets fell Thursday, tracking Wall Street’s declines on concerns about U.S.-China trade relations. Trade fears resurfaced after Reuters reported Wednesday stateside that the Trump administration is considering curbs on exports to China that are made with U.S. software, citing a U.S. official and three people briefed by U.S. authorities. The sources said that the plan, […]
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Argentine peso hits fresh lows despite U.S. support — and it could be about to get worse
The Argentine peso reached fresh lows on Wednesday as political uncertainty failed to offset the impact of an an “unprecedented” billion-dollar support package from U.S. The currency reached its lowest level since the U.S. began purchasing it on Oct. 9, and has consistently fallen since then. The purchases are part of an effort from the […]
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Japan’s Nikkei 225 hits new record with Takaichi all set to become prime minister
TOKYO, JAPAN – JULY 27: Pedestrians and shoppers walk through the Akihabara area on July 27, 2023 in Tokyo, Japan. Japan’s core consumer price index climbed by 3.3% in June, outpacing the US figure for the first time in eight years as the Bank of Japan holds its monetary policy meeting on July 27 and […]
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These fund managers are betting against sterling as fears grow over UK outlook
A number of asset managers are betting that the pound will tumble in value as the U.K. wrestles with faltering growth and Finance Minister Rachel Reeves confronts a looming fiscal headache in next month’s budget. Candriam is positioned short against the pound, with Nicolas Jullien, Candriam’s global head of fixed income, highlighting the U.K.’s challenging […]
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Swiss government slashes growth outlook as Trump tariffs put ‘heavy burden’ on economy
Untere Schleuse wooden bridge in Thun, Switzerland. Education Images | Universal Images Group | Getty Images Switzerland’s government on Thursday cut its 2026 economic forecast for the country, citing the Trump administration’s punitive tariffs as a “heavy burden” on its industries. Officials held their forecast for the Swiss economy to expand by 1.3% this year, […]
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Asia-Pacific markets rise, tracking Wall Street gains on strong bank earnings
Australia, Victoria, Melbourne, buildings on bank of Yarra river Peter Adams | Stone | Getty Images Asia-Pacific markets rose Thursday, tracking Wall Street gains on strong bank earnings in a volatile trading session. Investors have been on edge in recent days as global trade tensions have escalated. The Cboe Volatility Index (VIX), known to many as […]
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Asia-Pacific markets trade mixed as China port fees on U.S. ships set to kick in
SHANGHAI, CHINA – JUNE 08: Aerial view of skyscrapers standing at the Lujiazui Financial District at sunrise on June 8, 2022 in Shanghai, China. Vcg | Visual China Group | Getty Images Asia-Pacific markets traded mixed Tuesday, breaking ranks with Wall Street that soared after U.S. President Donald Trump softened his stance on China. Following […]
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UBS bets on these European sectors to avoid currency and political uncertainty
While Europe isn’t directly impacted by U.S. President Donald Trump’s latest tariff threats , it could have a knock-on effect on European exports if the dollar continues to weaken. With the euro strong in comparison, Gerry Fowler, who head up UBS ‘ U.S. and European equity and derivative strategy team, expects European exports to feel […]
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SoftBank shares soar 13% after it agrees to buy ABB robotics unit for $5.4 billion
Shares of SoftBank jumped as much as 13% Thursday, hours after the Japanese giant announced a deal to buy the robotics division of Swiss engineering firm ABB for $5.4 billion, further advancing SoftBank’s AI footprint. The deal, which is subject to regulatory approval globally, means ABB will no longer look to spin off its robotics business as […]
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