World Markets
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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European markets close higher as mining stocks lead gains; Just Eat Takeaway shares up 12%
LONDON — European stocks advanced on Monday as international markets gear up for key U.S. data releases, including the latest inflation reading. The pan-European Stoxx 600 provisionally ended up 1%, with mining stocks climbing 2.7% to lead gains as most sectors and major bourses closed in positive territory. Just Eat Takeaway shares jumped around 12% […]
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Hong Kong’s Hang Seng index surges nearly 3% in mixed Asia-Pacific trading
SINGAPORE — Shares in Asia-Pacific were mixed on Monday, with Chinese stocks leading gains regionally as tech stocks in Hong Kong surged. Hong Kong’s broader Hang Seng index closed 2.71% higher at 21,653.90. Shares of Chinese tech firms in Hong Kong soared following a Wall Street Journal report that regulators in China are concluding probes […]
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Elliott Associates sues LME for $456 mln over nickel trading halt: HKEX
LEON NEAL | AFP | Getty Images Fund manager Elliott Associates has sued London Metal Exchange (LME) for $456 million following the suspension and cancellation of nickel trades on the platform owned by Hong Kong Exchanges and Clearing Ltd, the Hong Kong bourse said on Monday. LME and LME Clear Limited have been named as […]
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Crypto enthusiasts want to remake the internet with ‘Web3.’ Here’s what that means
Some crypto enthusiasts want a new kind of internet that yanks power away from Big Tech and hands it to people. Can they succeed? Remember AOL chatrooms and downloading songs through Napster? The internet has come a long way.Today, it’s dominated by Meta, Google and a handful of other tech giants whose services have made […]
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Asia-Pacific stocks set for higher start after overnight Wall Street jump
SINGAPORE — Shares in Asia-Pacific looked set for a positive Friday start following gains overnight on Wall Street. Investors will also be looking ahead to the release of U.S. jobs data for May. Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 27,770 while its counterpart in […]
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Oil prices slide after report Saudi Arabia could step up if Russian output dips under sanctions
All eyes are on whether Saudi Arabia will raise crude production if Russia’s output significantly falls following European Union oil sanctions. Andrey Rudakov | Bloomberg | Getty Images Oil prices dropped more than 2% following a report that Saudi Arabia is prepared to raise crude production if Russia’s output significantly falls following European Union sanctions. […]
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