The dollar was steady on Friday, heading for its strongest weekly performance since July on scaled back expectations of steep and early interest rate cuts this year ahead of closely watched U.S. payrolls data later in the day. U.S. private employers hired more workers than expected in December, data showed on Thursday, pointing to persistent…
The Hang Seng Index rose 1.6% to 25,836.06 at 10:12 a.m. local time on Wednesday, snapping a seven-day losing streak (~-7%). The rise was driven by expectations of a Fed rate cut this month after Jerome Powell signaled a 25-bps rate cut, offsetting concerns about renewed US-China tensions (the “cooking oil” issue). Hang Seng Tech…
Oct 23 2024, 11:36 The Australian Dollar (AUD) struggled to secure the previous session’s gains on Wednesday. However, the AUD/USD pair faced pressure as the US Dollar (USD) strengthened on rising Treasury yields. Market risk aversion has increased on the increasing possibility of Donald Trump winning the presidency, adding selling pressure on US Treasury bonds….
Swiss inflation unexpectedly eased offering reassurance to Swiss National Bank officials who’ve lowered borrowing costs for two straight meetings. Consumer prices rose 1.3% from a year ago in June, the statistics office said Thursday. That’s less than economists estimated and down from May’s 1.4%, which was the fastest clip this year. The slowdown was helped by a 0.2% annual decline in…
Sep 27 2024, 09:53 Gold remained near $2,670 per ounce on Friday, trading at record levels as markets braced for the highly anticipated US PCE report for further guidance on the Federal Reserve’s monetary policy outlook. The Fed’s preferred inflation gauge will be closely monitored later in the day, as strong data from Thursday challenged…
Jan 23 2025, 16:10 Baik STOXX 50 maupun STOXX 600 bertahan di dekat garis datar pada hari Kamis (23/1), mengakhiri tujuh sesi kenaikan beruntun yang telah mendorong indeks pertama ke level tertinggi 2000 dan indeks kedua ke level rekor. Para pedagang beristirahat sejenak sambil memantau dengan saksama perkembangan kebijakan AS di bawah Presiden Trump. Saham…
