Asian markets mostly rose Tuesday with investors looking ahead to the release of US economic data and the earnings reports of tech titans, including Google parent Alphabet, Amazon, Apple, Facebook-parent Meta, and Microsoft
Stocks firm, dollar subdued as market flirts with outsized Fed cut
Asian stocks dithered and the dollar slipped on Monday in a week that is almost certain to see the start of an easing cycle in the United States with investors flirting with the chance of an outsized move, Reuters reported. Central banks in Japan and the UK also meet this week, with...
Asian markets battle to recover from tech rout after reassuring US data
Asian traders struggled to fight back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth data that reassured that the economy was still in rude health, but did not dent hopes for an interest rate cut. The positive performance came despite more losses on Wall Street, where the...Top U.S. stock indices drop for third consecutive day on Wednesday
The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward pressure on the market, CNBC reported. The broad index lost 0.58% to 5,022.21, while the technology-heavy Nasdaq Composite slid 1.15% to 15,683.37. The Dow Jones Industrial Average fell by 45.66...Asian markets rise as US data boosts hopes of slower Fed hikes
Asian stocks rose Friday after data showing another contraction in the US economy boosted hopes that the Federal Reserve will slow its pace of interest rate hikes. After an extended period of pessimism on trading floors fuelled by soaring inflation and the central bank's monetary tightening campaign, investors are beginning...
Equities rise as Powell soothes rate fears, oil presses higher
Traders were given a much-needed shaft of light on Wednesday when the Fed boss eased concerns over its plans for tightening policy.
