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Asian Market News: US macro ‘pain trade’ bites
Asian Market News: US macro 'pain trade' bites
Several indicators, from big Wall Street banks' client surveys to futures market positioning data, show investors are not positioned for that.
A look at the day ahead in Asian markets from…
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Rupee falls 5 paise to close at 82.23 against US dollar
Rupee falls 5 paise to close at 82.23 against US dollar
The Indian rupee depreciated 5 paise to close at 82.23 (provisional) against the US dollar, tracking surging crude oil prices and a strong greenback against major rivals overseas.…
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TC Energy splits into 2 companies by spinning off liquids business
TC Energy splits into 2 companies by spinning off liquids business
Calgary-based pipeline giant says board of directors has approved plan
TC Energy Corp. has announced plans to split into two separate companies by spinning off its crude…
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US business activity growth slows as services soften
US business activity growth slows as services soften
Synopsis
S&P Global said its flash U.S. Composite PMI index, which tracks manufacturing and service sectors, fell to a reading of 52 in July from 53.2 in June. July's reading showed…
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Stock Market Today: World Shares Mixed as Investors Watch for Fed Rate Hike
Stock Market Today: World Shares Mixed as Investors Watch for Fed Rate Hike
World shares are mixed as investors cautiously await another interest rate hike by the Federal Reserve
U.S. futures edged lower and oil prices also fell.
The…
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US stocks rally as recession fears ease and investors look to upcoming Big Tech earnings
US stocks rally as recession fears ease and investors look to upcoming Big Tech earnings
US stocks finished higher on Monday as fears of a US recession eased on Wall Street.
The odds of a recession in the next 12 months have fallen to 20%…
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Rupee appreciates 16 paise to 82.25 against US dollar as it weakens
Rupee appreciates 16 paise to 82.25 against US dollar as it weakens
However, a surge in crude oil prices capped sharp gains for the local unit, forex traders said
The rupee gained 16 paise to 82.25 against the US dollar in early trade…
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Stocks rally, yields drop as U.S. CPI data calms investors
Stocks rally, yields drop as U.S. CPI data calms investors
MSCI's ACWI, S&P 500, pan-Europe index set record highs
ECB maintains stimulus at latest meeting
Benchmark Treasury yields slides to 3-month low
Global stock…
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Investors chase European equities, dump U.S. as election nears
Investors chase European equities, dump U.S. as election nears
Fund flows into European stocks have surged in recent months, data showed, as global investors look to diversify away from U.S. equities amid concerns over higher valuations…
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Gold holds ground as investors brace for US inflation data
Gold holds ground as investors brace for US inflation data
Gold prices flitted in a narrow range on Tuesday ahead of US inflation data, which investors will scrutinise for clues on the Federal Reserve's policy path.
Spot gold was little…
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