Germany Leads Big Bond Rally As Inflation Finally Heads Down

Germany Leads Big Bond Rally As Inflation Finally Heads Down

Jun 2, 2023

Germany is leading the biggest rally in global bond markets since March’s banking rout as cooling inflation and a weakening economy suggest European Central Bank rate hikes are nearing an end. Borrowing costs, or bond yields, in the benchmark euro area issuer are

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Asian Stocks Cautiously Higher As Debt Ceiling Bill Moves Forward

Asian Stocks Cautiously Higher As Debt Ceiling Bill Moves Forward

Jun 1, 2023

Most Asian stocks edged higher on Thursday, encouraged by progress towards averting a U.S. debt default, while signs of life in China’s manufacturing sector also helped fish local stocks from six-month lows. The U.S. House of Representatives voted in favor of a bill

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Gold Edges Lower, Copper Slides On Disappointing Chinese Data

Gold Edges Lower, Copper Slides On Disappointing Chinese Data

May 31, 2023

Gold prices crept lower on Wednesday as markets awaited more cues on the raising of the U.S. debt ceiling, while copper prices slid after data offered more signals of a slowing economic rebound in China. Copper futures sank 0.7% to $3.6338 a pound,

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Asian Stocks Dip, Chinese Shares Hit 5-Mth Low As U.S. Ties Worsen

Asian Stocks Dip, Chinese Shares Hit 5-Mth Low As U.S. Ties Worsen

May 30, 2023

Most Asian stocks retreated on Tuesday as optimism over a deal to raise the U.S. debt ceiling was offset by fears of worsening ties between Beijing and Washington, amid renewed sparring between the two over trade and political sanctions. Chinese stocks were the

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Asian Stocks Rise, Nikkei At 33-Year High On Debt Ceiling Optimism

Asian Stocks Rise, Nikkei At 33-Year High On Debt Ceiling Optimism

May 29, 2023

Most Asian stocks rose on Monday as markets cheered a tentative deal between U.S. lawmakers to hike the debt ceiling and avert a default, with Japan’s Nikkei racing back to near 33-year highs on improved risk appetite. The Nikkei 225 was the best

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Economic Development In Asia Still Faces Many Challenges, China Minister Says

Economic Development In Asia Still Faces Many Challenges, China Minister Says

May 27, 2023

Economic and trade development in the Asia-Pacific still faces many disturbances and challenges, China’s commerce minister Wang Went said. Wang made the comments at the Asia-Pacific Economic Cooperation (APEC) conference in Detroit, where he met with several leaders and exchanged views on multilateral

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Japan outshines Asian Stocks On Tech Strength, Chinese Markets Lag

Japan outshines Asian Stocks On Tech Strength, Chinese Markets Lag

May 26, 2023

Japanese stocks moved back towards a 33-year high on Friday, outpacing their Asian peers amid increased optimism over chipmaking stocks, while Chinese markets lagged as investors fretted over slowing economic growth and worsening U.S. ties. Broader Asian stocks also ticked lower in anticipation

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Asian Stocks Drop Amid Default Fears, Nvidia Boosts Chipmaking Shares

Asian Stocks Drop Amid Default Fears, Nvidia Boosts Chipmaking Shares

May 25, 2023

Most Asian stocks fell on Thursday as fears of a U.S. debt default persisted amid little progress toward raising the debt ceiling, although chipmaking stocks outperformed tracking a robust outlook from Nvidia. Japan’s Nikkei 225 index rose 0.6%, supported chiefly by nearly 16%

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South Korea Asks US to Review China Rule For Chip Subsidies

South Korea Asks US to Review China Rule For Chip Subsidies

May 24, 2023

South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules to limit chip investment in countries such as China, a U.S. public filing showed. In March, the U.S. commerce department proposed rules to prevent

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Crypto verse: Busy Bitcoin Births New Breed of Crypto

Crypto verse: Busy Bitcoin Births New Breed of Crypto

May 23, 2023

Daily transactions have rocketed to an all-time high of 682,000 this month, according to data from Glasson, almost 40% higher than the previous peak in 2017. Bitcoin’s dominance, or its share of the overall $1.16 trillion cryptocurrency market, has swelled to 44% from

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