HONG KONG (Reuters) – Asian shares were mostly higher on Tuesday, as relief in China’s property sector supported sentiment while investors also kept a close eye on a key meeting between U.S. President Joe Biden and Chinese leader Xi Jinping.FILE…
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Dollar hits 16-month high, stocks rebound after inflation scare
NEW YORK/LONDON (Reuters) – The dollar rose on Thursday, hitting a 16-month high a day after the strongest U.S. inflation reading in more than three decades, while equities rebounded on expectations higher consumer prices will help corporate growth.FILE PHOTO: A…
Asian stocks slump, dollar shines as inflation fears flare
TOKYO (Reuters) – Inflation fears pressured Asian stocks and buoyed the dollar on Thursday after data overnight showed U.S. consumer prices surged at the fastest pace since 1990 last month, boosting the case for faster Federal Reserve policy tightening.FILE PHOTO:…
Asia stocks relieved by payrolls, inflation test looms
SYDNEY (Reuters) – Asian shares edged up on Monday as risk assets basked in the glow of the upbeat October payrolls report, though caution was warranted ahead of a reading on U.S. inflation that could spook the rate horses.FILE PHOTO:…
Global share rally pauses in Asia as China property weighs
HONG KONG (Reuters) – Asian shares failed to latch on to a global record-setting rally on Friday, held back by Chinese property stocks, while the dollar stood tall following a week in which central banks around the world refrained from…
Record high stocks brace for Fed stimulus cut
LONDON (Reuters) – Global stock markets traded at fresh record-high levels on Wednesday while the dollar and U.S. Treasury yields ticked down as investors braced for the world’s largest economy to start cutting pandemic-era monetary stimulus.FILE PHOTO: The German share…
Asia stocks catch Wall St cheer but China caps gains
HONG KONG (Reuters) – Asian stocks inched higher on Tuesday, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China’s property sector hit Hong Kong and mainland markets.FILE PHOTO: A man walks past in front…
Powell still favorite for Fed reinstatement but investors examine alternatives
NEW YORK (Reuters) -Jerome Powell may still be the clear favorite to get renominated as Federal Reserve Chairman, but some investors are considering the long-shot alternative should there be a surprise change.FILE PHOTO: Federal Reserve Chair Jerome Powell attends the…
Analysis-Powell still favorite for Fed reinstatement but investors examine alternatives
NEW YORK (Reuters) – Jerome Powell may still be the clear favorite to get renominated as Federal Reserve Chairman, but some investors are considering the long-shot alternative should there be a surprise change.FILE PHOTO: Federal Reserve Chair Jerome Powell attends…
Surging oil prices lift U.S. material, energy stocks; Yen wilts
NEW YORK (Reuters) – Oil prices surged on Monday to multi-year peaks, boosting U.S. materials and energy stocks, but fears that rising prices would exacerbate supply-chain snags caused Wall Street to give up early gains.FILE PHOTO: A trader works on…