WTI Crude (October 22)

Japan CPI inflation, China loan prime rate, currencies

Hong Kong casino tech and stocks support broader index Australia’s central bank says the argument for a slower rate hike is growing stronger Reserve Bank of Australia (RBA) board members ‘saw the case for slowing the pace of interest rate increases as gaining strength,’ according to the minutes of its meeting. September 6, during which …

Japan CPI inflation, China loan prime rate, currencies Read More »

Asia markets rise, South Korea stocks pop ahead of U.S. CPI report

Ramsay Health Care shares plunge 14% after takeover talks hit roadblock Australian hospital operator Ramsay Health Care shares fell 14.6% after the company announcement a KKR-led consortium is “unable to improve the terms” of a proposed takeover. Ramsay Health rejected the proposal earlier this year, saying the offer was “significantly lower.” Shares of the company …

Asia markets rise, South Korea stocks pop ahead of U.S. CPI report Read More »

Japan travel stocks rise on report on easing rules

Expect more dollar-yen upside, says BofA The dollar-yen is likely to see further upside as policymakers in Japan are “somewhat conflicted” over whether to intervene to defend its currency, said Claudio Piron, co-head of fixed income and foreign exchange. in Asia at Bofa Securities. Although the dollar-yen is approaching levels that have warranted action by …

Japan travel stocks rise on report on easing rules Read More »

Stocks, currencies, oil, economic data

US to expand restrictions on chip and tool exports to China, Reuters reports The U.S. Department of Commerce plans to issue new regulations relating to restricting exports of chipmaking equipment to Chinese factories that produce advanced semiconductors, Reuters reportedciting people familiar with the matter. The rules will be based on letters sent to KLA, Research …

Stocks, currencies, oil, economic data Read More »

Hong Kong’s Hang Seng rises 2%, leads Asia markets higher after Powell’s inflation comments

HSBC says latest inflation readings from China allow PBOC to maintain accommodative monetary policy China’s latest inflation figures give the People’s Bank of China room to maintain its current monetary stance, HSBC said in a note. “The moderation in price pressures gives the PBOC room to remain dovish,” said China economist Erin Xin. Xin added …

Hong Kong’s Hang Seng rises 2%, leads Asia markets higher after Powell’s inflation comments Read More »

Japan’s Nikkei rises 2% in mixed Asia session following Wall Street’s rebound rally

Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift …

Japan’s Nikkei rises 2% in mixed Asia session following Wall Street’s rebound rally Read More »

Asia-Pacific markets trade lower; China’s trade data in August misses expectations

The Japanese yen weakens further, approaching 145 The Japanese yen weakened further to 144.35, the weakest since mid-1998 – as the US dollar index strengthened, reached a new high of 24 years against the Japanese currency. The offshore Chinese yuan also weakened to 6.99, approaching the 7 mark, following weaker than expected trade data. The …

Asia-Pacific markets trade lower; China’s trade data in August misses expectations Read More »

Dow jumps 200 points Friday after a solid August jobs report, cutting losses for the week

Shares rose on Friday, paring the week’s losses, as August jobs report arrived pretty much as expected. The data eased fears that a warmer labor market would give the Federal Reserve room to become more aggressive with its rate hikes. The Dow Jones Industrial Average rose 197 points, or 0.6%. The S&P 500 rose 0.8% …

Dow jumps 200 points Friday after a solid August jobs report, cutting losses for the week Read More »