World Markets
Hong Kong drops nearly 3% as Chinese stocks tumble; shares of JD Logistics, Russia’s Rusal fall
Other Asia-Pacific markets Japan stocks moved into negative territory after rising earlier. The Nikkei 225 and the Topix sat below the flatline. Japan reported inflation data, showing its core consumer price index hit a two-year high in March, according to Reuters. Australia’s S&P/ASX 200 stayed in positive territory as it inched up 0.26%, with some gains […]
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European markets head for lackluster open ahead of NATO summit focused on Ukraine
LONDON — European stocks are expected to open slightly higher on Thursday with regional investors keeping a close eye on developments in Ukraine, and key meetings of NATO, EU and G-7 leaders in Brussels. The U.K.’s FTSE index is seen opening 7 points higher at 7,460, Germany’s DAX 8 points higher at 14,296, France’s CAC […]
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Asia-Pacific markets slip after oil prices jump again
Shares in Asia-Pacific slipped in Thursday morning trade after oil prices jumped around 5% on Wednesday. Source
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Japan’s Nikkei 225 rises more than 2% as SoftBank Group shares surge 8%
SINGAPORE — Shares in Japan led gains in Asia-Pacific during Wednesday morning trade, as investors monitored oil prices and continued to assess the outlook for U.S. Federal Reserve monetary policy. The Nikkei 225 rose 2.59% as shares of SoftBank Group jumped 8.03%. The Topix index advanced 1.98%. In Hong Kong, shares of Xiaomi surged 5.49% […]
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Japan’s Nikkei 225 rises more than 1%; Fed’s Powell vows tough action on inflation
Fed watch Fed Chair Powell said Monday that inflation is “much too high,” with the central bank set to “take the necessary steps to ensure a return to price stability.” “In particular, if we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points […]
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Shares in Asia-Pacific rise as investors await release of China’s benchmark lending rate; oil jumps 2%
SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade, as investors look ahead to the release of China’s latest benchmark lending rate. Oil prices also jumped more than 2%. The S&P/ASX 200 gained 0.41%, with shares of Macquarie Group and Wesfarmers both up more than 1% each. South Korea’s Kospi hovered fractionally higher. Markets […]
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Goldman strategist names two sectors with ‘incredibly cheap’ stocks after Fed rate hike
A top Goldman Sachs strategist has named sectors that look “cheap” right now, including one which she says provides a “lovely hedge” to inflation. Source
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European markets close higher, notch best weekly gain since 2020 amid Russia-Ukraine talks
LONDON — European markets closed higher on Friday, notching their best weekly gain since 2020, as investors tracked negotiations between Russia and Ukraine and digested a big week of central bank decisions. The pan-European Stoxx 600 provisionally ended 0.7% higher, with most sectors in positive territory and major bourses pointing in opposite directions. The index […]
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Russia seems to have averted its historic bond default — for now
Russian President Vladimir Putin speaks during a meeting with representatives of the business community at the Kremlin in Moscow, Russia February 24, 2022. Aleksey Nikolskyi | Sputnik | via Reuters Russia appears to have sidestepped a historic debt default as it claims to have fulfilled crucial interest payments on two dollar-denominated eurobonds. Russia’s Finance Ministry […]
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Hong Kong’s Hang Seng falls more than 2% as volatile week continues; Biden and Xi set to speak
SINGAPORE — Shares in Asia-Pacific were mixed in Friday morning trade as the Bank of Japan held steady on monetary policy. Hong Kong’s Hang Seng index dropped 2.55% in morning trade as shares of Chinese tech titan Tencent slipped more than 4%. The benchmark index has had a volatile week so far, seeing big losses […]
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