PBOC says it will temporarily halt buying of government bonds
China government bond yields rose across the curve following the statement, with five-year rate climbing eight basis points and 10-year rate gaining four basis points to 1.675%. The offshore yuan edged 0.1% higher.
Asian stocks slip with US jobs data in focus
The MSCI EM stock index entered a correction after declining by more than 10% from a high in October, reflecting uncertainty over US policies and China’s growth prospects.
Marico, TCS, Bajaj Auto among the top gainers and losers in trade on January 9
Benchmark indices Nifty and Sensex ended the session firmly in the negative on January 9 as 12 out of 13 indices plunged into the red. Bucking the trend was the FMCG index, up sharply after brokerage firm CLSA made consumer staples its biggest anti-consensus call for 2025.. Here’s a look at the top gainers and losers in trade today.
Some US politicians made outsized gains on Wall Street in 2024, shows Unusual Whales report
The website calculated the active stock portfolio returns of each Congress member based on the value of stock held during 2024, and the data revealed that many members managed to beat the 24.9% annual return of S&P 500 index last year.
China’s inflation weakens near zero even after stimulus efforts
Factory deflation extended into a 27th month, though the producer price index recorded a slower drop of 2.3% compared to November.
FOMC minutes show officials eager to slow interest rate cuts
The December move marked a full percentage point in reductions since September. The rapid pace produced a dissenting vote in September and another in December - each a rarity under Chair Jerome Powell.
Africa gets new stock market as Ethiopia seeks to woo investors
Eastern Africa’s biggest economy expanded an average 8% in the past decade, even as it suffered a conflict that resulted in 600,000 casualties.
Tencent makes biggest buyback since 2006 after US blacklist
China’s most valuable company bought back 3.93 million Hong Kong-listed shares on Tuesday, the most since April 2006, Bloomberg-compiled data show.
Vivek Ramaswamy's Strive Asset joins the crypto rush with plans for a Bitcoin Bond ETF
Papers file by Strive Asset before the SEC have proposed a fund to invest in derivatives like swaps and options in order to take exposure into convertible securities by MicroStrategy or other such companies that are planning to purchase Bitcoins.
Trump threatens tariffs If EU doesn’t buy more US oil and gas
The US is the world’s largest producer of crude oil and the biggest exporter of liquefied natural gas. LNG buyers — including the EU and Vietnam — have already talked about purchasing more fuel from the US, in part to deter the threat of tariffs.
Apollo says private credit may reach $40 trillion by 2030
The asset manager sees growth mostly on the investment-grade side, including data centers and energy infrastructure, as well as in assets like mortgages, which typically sit on bank balance sheets.
Asian stocks slip ahead of key US inflation data
A key gauge of regional shares fell 0.2% early Friday, with losses in Australia and South Korea. Japan was an outlier after the yen weakened.
Fed rate cut while inflation not decelerating was a 'mistake', may need to revisit CPI target, says Andrew Freris
Jerome Powell's decision to cut rates while inflation was not clearly decelerating was a mistake. US inflation has not met the Fed's target of 2%, remaining stubbornly above this threshold, said Andrew Freris.
S&P 500's Fed-fuelled selloff could extend till January, 10% correction not ruled out, says Ed Yardeni
The S&P 500 has poised to end the year with nearly 25% gains but a more challenging environment may be emerging to navigate for US equities, with the inflation cool off stalling, and Trump's tariff policies adding to economists' concerns.
South Korea's won slumps to lowest since 2009 on hawkish US Fed, political risk
The dollar-won rose as much as 1.5% to 1460.2 on Thursday, bringing the won to its weakest level since March 2009 before it pared some of its losses
China's central bank offers strongest yuan support since July after dollar gains
The People’s Bank of China set the so-called fixing at the strongest bias since July versus the average estimate in a Bloomberg survey on Thursday
Bitcoin tumbles most in over three months on Jerome Powell's comment on the digital currency
Jerome Powell's comments have had an immediate impact on Bitcoin's market capitalisation, triggering a major fall after the Fed chair commented its position on holding the crypto asset.
Powell signals US Fed’s focus has returned firmly to inflation
Officials now see it taking much longer for inflation to reach their 2% target, which they have missed for nearly four years
Asian stocks retreat as US Fed sees fewer rate cuts
Equity benchmarks in Japan, Australia and South Korea declined, helping drag a gauge of regional equities more than 1% lower
US Fed Meeting Highlights: Fed cuts rate as expected but slower easing forecast sends US equities markets tumbling
US Fed Meeting Highlights:The US Federal Reserve cut interest rates by a quarter point and signaled a slower pace of cuts ahead
Asian stocks edge higher with focus on US Fed meeting
A gauge of regional stocks rose 0.3%, led by gains in Hong Kong, mainland China and South Korea. Japanese equities fluctuated
China may keep trying to spur consumption without big stimulus
Senior officials last week endorsed their strongest pro-growth stance in a decade, indicating bigger government spending and more interest rate cuts
Asian stocks climb ahead of key rate decisions
All eyes will be on a multitude of central bank policy decisions slated for this week, including the US and Japan
Qatar agrees to supply LNG to Gail India in five-year deal
Gail India will receive one LNG shipment a month from April 2025 until March 2030, people familiar with the development told Bloomberg News. The deal was concluded as part of a tender that closed earlier this month.
China vows bigger fiscal spending to boost consumption next year
Top officials led by President Xi Jinping vowed to raise the fiscal deficit target next year in an announcement made following a two-day huddle of the Central Economic Work Conference in Beijing.
