Nvidia’s earnings will test the S&P 500’s $4 trillion recovery
Analysts expect Nvidia’s quarterly revenue to be around $29 billion, more than double what it reported a year ago. And they anticipate another boost in guidance for future sales.
Asian stocks cautious as market traders await Nvidia earnings
With the AI giant set to report earnings after Wednesday’s session, weak sentiment toward the tech sector, triggered by disappointing results earlier this week from Chinese e-commerce firm PDD, may linger
Hindenburg targets Nasdaq-listed Super Micro over 'accounting manipulation'
The report is based a three-month investigation by Hindenburg, which it says has revealed 'accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues'.
Is China's consumption story fading? E-comm firm's $55-bn stock crash sends warning on economy
China’s less affluent consumers outside of glitzy mega cities drove much of e-commerce firm Temu-owner PDD Holdings Inc's success. They’re now a big source of uncertainty
Asian stocks fluctuate as investors await Nvidia earnings
A gauge of the “Magnificent Seven” megacaps slid 1.2% on Monday. While more than half of the shares in the S&P 500 gained, the US equity benchmark edged lower — a consequence of weakness in the tech giants that dominate it
Asian stocks rise as investors count down to interest rate cuts
The prospect of the US finally easing borrowing costs is shaping trading across financial markets. The yield on 10-year US Treasuries declined two basis points to 3.79% during Asian trading
Dollar steady ahead of Fed chair Powell's speech; BOJ guv Ueda aims to calm market nerves
The spotlight will be on the central bankers on Friday, first on BOJ Governor Ueda who is in Japan's parliament to discuss the surprise decision to hike interest rates last month that rattled investors and sent the yen soaring.
Asian stocks, bonds face pressure ahead of Powell's Jackson Hole speech
Equities in Australia and South Korea fell alongside Hong Kong share futures, echoing Thursday’s selloff in US stocks where both the S&P 500 and tech-heavy Nasdaq 100 indexes retreated.
Dollar doldrums deepen on dovish Fed tone before Jackson Hole
The dollar sagged below the closely watched 145 yen mark as U.S. Treasury yields slid, ahead of weekly jobless claims data later in the day and a hotly anticipated speech by Fed Chair Jerome Powell at the central bank's annual Jackson Hole symposium on Friday
US Fed steaming toward September rate cut, minutes from meeting show
The minutes, which were released on Wednesday, even showed some policymakers would have been willing to reduce borrowing costs at last month's gathering
Asian equities climb ahead of key US Fed, Bank of Japan events
Minutes from the latest Fed policy meeting showed several officials acknowledged a plausible case for cutting rates, before the central bank voted to keep them steady.
World’s top gambling stock spurred by Philippine online frenzy. Check what's behind 151% surge
Shares of DigiPlus Interactive Corp. are up 151% so far this year, more than any other casino stock with a market value of over $1 billion
Asian stocks decline as Wall Street rally takes a breather
Shares fell in Japan, Australia and South Korea, after the US benchmark edged lower to end an eight-day winning streak. Chinese shares may decline after the Nasdaq Golden Dragon China Index fell 4.1% on Tuesday
Rupee misses out on Asia currency rally on RBI’s watch
The currency has edged lower against the dollar, while the Indonesian rupiah and Malaysian ringgit have soared more than 4% in August. That’s a turnaround for the rupee, which was the region’s best performer in the first half of 2024 after the Hong Kong dollar
Asian stocks climb after buoyant Wall Street session
Shares advanced in Japan, South Korea and Australia. The MSCI Asia-Pacific index headed for a third day of gains while Hong Kong futures also pointed to a rise.
7-Eleven owner Seven & I's stock surges as Couche-Tard submits record buyout offer
Seven & i’s statement came shortly after the Nikkei newspaper reported the buyout offer, which it said would have to be at least ¥5 trillion ($34.3 billion) or more, given the company’s market capitalization
Gold trades near historic $2,500 mark on Fed rate-cut optimism
Spot gold was down 0.2% at $2,502.78 per ounce, as of 0317 GMT, and US gold futures edged 0.2% higher to $2,541.80
Asia shares, gold underpinned by rate cut hopes ahead of Powell's Jackson Hole speech
The Fed is hardly alone in contemplating looser policy, with Sweden's central bank expected to cut rates this week, and possibly by an outsized 50 basis points
Asian equities rally as US recession fears fade, set for best week in over a year
Almost all major stock benchmarks gained in Asia, with a regional gauge on track for its best weekly performance in more than a year.
Fed Chair Jerome Powell to speak at Jackson Hole Symposium on August 23
Fed Chair has had a tradition of participating in this annual event, and this year's event comes ahead of the crucial September policy where the Fed is widely expected to cut borrowing costs.
Citigroup’s global head of markets digital assets Maini leaves
Maini spent more than 14 years at Citigroup, according to a profile on Linkedin, and most recently led the digital assets team under the markets division.
Nikkei 225 recovers to levels seen before 12% rout on August 5
The Nikkei 225 advanced 2.7% to 35,961.95 as of 10:00 a.m. in Tokyo, rising after a long weekend as a weaker yen provided support for exporters such as automakers and tech firms.
India set to close in on China as emerging-market stock anchor
Analysts from firms including Smartkarma and IIFL Securities Ltd. expect India’s weight in the MSCI Emerging Markets Index to rise by at least one percentage point following the index provider’s review this week.
US markets slip, tech stocks plunge as investor anxiety mounts over economic uncertainty
US Treasury yields continued to rise, with the yield on the 10-year note climbing to approximately 3.96%, marking its second consecutive day of increases.
Monday Market Turmoil Latest Updates: Indian, global markets bleed as US recessionary fears dent sentiment
Tokyo led a collapse across Asian and European equities, after weak US jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.
