global markets

Asia stocks split as US-China outlooks diverge

Dovish remarks from a European Central Bank policymaker boosted bonds and dragged the euro lower. Hotter-than-expected inflation lifted the New Zealand dollar a little and stoked some market nerves ahead of British CPI due later in the day.

Global shares rise, dollar rebounds as Fed seen on target for rate hike

Bank of America posted a 20% surge in second-quarter profit and Morgan Stanley beat analysts' estimates, suggesting companies will deliver results that surpass the market's lowered expectations for this earnings season.

Asia shares slip further as China casts a pall, dollar's slide abates

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.63% in the morning session.

US stocks rise on earnings outlook, global shares dip on China data

China overnight reported growth of 0.8% in the second quarter, above the 0.5% forecast, but the annual pace was 6.3%, well below expectations for a reading of 7.3%. The data indicates China's post-COVID boom is over, analysts said.

Asia shares brace for China data to disappoint

The Chinese economy is forecast to have grown just 0.5% in the second quarter, though the annual pace will be flattered by base effects at a predicted 7.3%.

Asia stocks set for best week of 2023, dollar reels on dovish Fed bets

The dollar sank to a fresh 15-month low against major peers and U.S. Treasury yields languished near multi-week lows following the sharpest weekly drop in four months.

Wall Street ends up, extends recent gains on cooling US inflation

The data provided more evidence that inflation pressures were subsiding. Wednesday's CPI report showed U.S. consumer prices registered their smallest annual increase in more than two years.

Asian shares rally, dollar slides on bets Fed almost done hiking

Exports rose 3.7% in the first half of the year in yuan-denominated terms while imports held mostly flat, data released on Thursday morning showed, with more to come later in the day.

Wall Street stocks rally on benign inflation report

The consumer price index, a key inflation gauge, rose 3.0 percent from a year ago last month, the smallest increase since March 2021 and down from May's reading as well.

Asian shares rise, dollar dips as traders await US inflation data

The Japanese yen strengthened against most major currencies and last fetched 139.43 against the dollar, its highest in a month.

Asian shares jump as investors eye end to Fed hikes, China stimulus

Markets are awaiting U.S. inflation data due Wednesday to see if price pressures are continuing to moderate, which could provide clues on the interest rate outlook.

Wall Street ends up; investors digest Fed official comments

The S&P 500 added to slight gains before the close, with caution prevailing for much of the session ahead of Wednesday's consumer prices report and the start of second-quarter earnings later this week.

Asia in wary mood for US inflation, earnings tests

Bond markets were still shaky after a recent vicious sell-off drove yields to multi-year highs across the developed world, making equities less attractive in comparison.

Wall Street ends choppy day lower after jobs data

On Friday, the Dow Jones Industrial Average fell 187.38 points, or 0.55%, to 33,734.88, the S&P 500 lost 12.64 points, or 0.29%, to 4,398.95 and the Nasdaq Composite dropped 18.33 points, or 0.13%, to 13,660.72.

Buckling bond market casts pall over Asian stocks

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8% to a one-month low. Japan's Nikkei fell 0.6%.

BofA stocks indicator sees S&P 500 surging 16% in next 12 months

BofA’s Sell Side Indicator, which tracks sentiment toward US equities on a monthly basis based on asset-allocation recommendations provided to the bank and Bloomberg, rose 0.33 percentage point to nearly 53% in June.

Wall Street logs sharp losses as labor market strength stokes rate-hike fears

The S&P 500 posted its biggest daily percentage drop since May 23. The Dow logged its biggest single-day fall since May 2.

Asian stocks slide, US yields climb amid hawkish Fed, China tensions

U.S. 10-year Treasury yields climbed to a fresh four-month high in Tokyo trading, and the dollar extended its rise against major peers.

Asian shares fall on growth concerns, focus shifts to Fed minutes

Market conditions were subdued following the Independence Day public holiday on Wall Street on Tuesday. S&P 500 futures dipped 0.1% and Nasdaq futures fell 0.2%.

Asian stocks dip, dollar steadies as investors seek rates clarity

Market conditions were also subdued heading into the U.S. Independence Day public holiday on Tuesday, with most of Wall Street closed.

Wall Street ends slightly higher in shortened session, Tesla jumps

Tesla (TSLA.O) shares jumped 6.9% as the electric vehicle maker said it delivered a record number of vehicles in the second quarter.

Nikkei leads Asia higher, China struggles to keep up

China's recovery has so far disappointed high expectations and the Caixin manufacturing survey due later on Monday is forecast to dip to 50.2 in June, from 50.9, and may even slip into contraction.

Wall Street rallies; Nasdaq hits 40-year milestone, Apple scales $3 trillion

The Dow Jones Industrial Average rose 285.18 points, or 0.84%, to 34,407.6, the S&P 500 gained 53.94 points, or 1.23%, to 4,450.38 and the Nasdaq Composite added 196.59 points, or 1.45%, to 13,787.92.

Why Indian PSU bank chiefs deserve better pay

Higher pay for PSU bankers would not only recognise their efforts but also motivate them to excel in risk management