Prices
Asia markets tumble after Wall Street extends declines; South Korea avoids technical recession
Commercial and residential buildings are illuminated at dawn in Seoul, South Korea, on Saturday, Oct. 21, 2023. South Korea has prepared a financial support program of 75.9 trillion won ($56.97 billion) for companies increasing investment in key sectors as well as small businesses struggling with the impact of high interest rates. Bloomberg | Bloomberg | Getty […]
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Asia stocks mostly rise after Wall Street rally stalls; Tokyo Metro market debut in focus
Pokemon game characters of Japanese video game manufacturer Nintendo are on display on a subway train car in Tokyo, Japan. Hitoshi Yamada | NurPhoto | Getty Images Asia-Pacific markets mostly rose Tuesday, with investors awaiting the trading debut of Japan’s subway operator, Tokyo Metro. The company, one of Japan’s leading subway operators and the largest […]
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IMF says global fight against inflation is ‘almost won’ but warns of rising risks
Much of the world has managed to successfully lower inflation and engineer an economic soft landing, avoiding recession, but faces rising geopolitical risks and weaker long-term growth prospects, according to the International Monetary Fund. Global headline inflation will fall to 3.5% on an annual basis by the end of 2025, from an average 5.8% in […]
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Asia markets open lower after major U.S. indexes slip; India braces for largest-ever IPO
A bronze bull statue outside the Bombay Stock Exchange (BSE) building in Mumbai, India, on Monday, June 3, 2024. India’s stock futures jumped after exit polls indicated a resounding victory for Prime Minister Narendra Modi’s ruling party in general elections that concluded Saturday. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images […]
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European markets open slightly lower; gold prices climb to a fresh record high
European markets open slightly lower European markets opened slightly lower on Monday. The pan-European Stoxx 600 traded down 0.1% shortly after the opening bell, with most sectors in negative territory. — Sam Meredith BofA’s Michael Widmer explains why gold could be the ‘ultimate safe haven asset’ The fundamental backdrop is “quite good” for gold prices […]
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Asia-Pacific markets poised for mixed open as investors await China loan prime rate announcement
The central bank of the People’s Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability. Peng Song | Moment | Getty Images Asia-Pacific markets were set to open mixed Monday as traders awaited China’s loan prime rate announcement, while also awaiting Japan’s general election […]
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Here’s why inflation may look like it’s easing but is still a huge problem
A family shops for Halloween candy at a Walmart Supercenter on October 16, 2024 in Austin, Texas. Brandon Bell | Getty Images Just because the Federal Reserve is nearing its inflation goal doesn’t mean the problem is solved, as the high price of goods and services across the U.S. economy continues to pose a burden […]
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European markets rise day after ECB rate cut; Gucci-owner Kering climbs 5%
ECB and Fed will be ‘fairly synchronized’ when it comes to pace of rate cuts, portfolio manager says The European Central Bank and the U.S. Federal Reserve will likely cut interest rates at a relatively similar pace as their respective rate cutting cycles are underway, Konstantin Veit, portfolio manager at Pimco, told CNBC’s “Street Signs […]
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Asia markets mixed as investors assess China economic data, Japan CPI
The skyline of the central business district in Beijing on August 13, 2019. (Photo by WANG Zhao / AFP) WANG ZHAO | AFP | Getty Images Asia-Pacific markets opened mixed Friday, as investors assessed key economic data from China and Japan’s inflation numbers. China’s third-quarter GDP growth rate came in at 4.6% compared to the […]
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European markets close higher after ECB cuts rates for the third time this year
‘Probably more downside risk than upside risk’ to inflation forecast, Lagarde says There is “probably” more downside than upside risk to the ECB’s inflation forecast, the group’s President Christine Lagarde told CNBC’s Annette Weisbach during the post-decision press conference. Asked about recent warnings that the ECB now faces a return of its old challenge of […]
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