World Markets
Global markets are tanking ahead of a huge week for central banks
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, June 1, 2022. Brendan McDermid | Reuters LONDON — Global stock markets are falling sharply after May’s U.S. inflation print reignited fears that central banks will be forced into aggressive monetary policy tightening. Friday’s highly-anticipated consumer price index […]
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Asia markets tumble; Japan, South Korea and Taiwan fall more than 2% as tech stocks drop
SINGAPORE — Shares in Asia tumbled on Monday, as major markets in the region saw sharp losses of more than 2% amid a tech sell-off. The Nikkei 225 in Japan dropped 2.8%, and shares of conglomerate SoftBank Group sliding more than 4%. The Topix index fell 2.2%. South Korea’s Kospi fell 2.8%, led by tech […]
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European markets close lower after ECB meeting, U.S. inflation shock; Stoxx 600 down 2.7%
LONDON — European stocks closed lower on Friday as investors reacted to the European Central Bank’s latest policy decisions and a hotter-than-expected U.S. inflation print. The pan-European Stoxx 600 ended the day down 2.7%, with banks shedding 4.9% to lead losses as all sectors and major bourses closed in negative territory. The ECB on Thursday […]
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At Asia security summit, Japan vows to boost regional security role
Japanese Prime Minister, Fumio Kishida, speaks during a press conference on March 16, 2022 in Tokyo, Japan. Stansislav Kogiku | Getty Images Japan’s Prime Minister Fumio Kishida pledged on Friday to boost its regional security presence to counter multiple threats, from China’s expansion in the South China Sea to North Korea’s nuclear missile program. Earlier, […]
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Russia cuts key interest rate back to prewar level
National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. Maxim Shemetov | Reuters The Central Bank of Russia on Friday cut its key interest rate by 150 basis points to 9.5% — the level it was at when Russia’s invasion of Ukraine began. Although acknowledging that the external environment […]
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Bank of England says top UK banks no longer “too big to fail”
BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images The Bank of England said on Friday it was satisfied that Britain’s top banks could be shut down without putting at risk the stability of the financial system or disrupting customers, but […]
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Asia-Pacific stocks set for lower start ahead of China and U.S. inflation data
SINGAPORE — Shares in Asia-Pacific appeared set for a lower start on Friday as investors look ahead to the release of May inflation data from China and the U.S. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 28,085 while its counterpart in Osaka was at 27,980 […]
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Asia-Pacific stocks slip ahead of China’s May trade data release
SINGAPORE — Asia-Pacific stocks slipped in Thursday morning trade, with investors awaiting the release of China’s trade data for May expected later today. In Japan, the Nikkei 225 was little changed in fractionally lower in early trading while the Topix index shed 0.12%. South Korea’s Kospi declined 0.46%. Over in Australia, the S&P/ASX 200 dipped […]
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European markets cautious as investors gear up for U.S. inflation data; Credit Suisse down 5%
LONDON — European stocks were muted on Wednesday as investors prepare for the latest reading of U.S. inflation on Friday. The pan-European Stoxx 600 hovered around the flatline in early trade, with retail stocks adding 1.8% while basic resources shed 0.7%. Credit Suisse shares fell more than 5% after the embattled lender warned that it […]
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Japan stocks set for higher start; investors await Australia’s interest rate decision
SINGAPORE — Shares in Japan looked set for a higher start, while investors in Asia-Pacific await the Reserve Bank of Australia’s latest interest rate decision. The Nikkei futures contract in Chicago was at 28,020 while its counterpart in Osaka was at 28,040. That compared against the Nikkei 225’s last close at 27,915.89. Australian stocks appeared […]
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