Shares fall for a second day Stocks finished in the red on Thursday, but managed to close above their session lows even with a sharp afternoon rise in Treasury yields. The Dow, S&P 500 and Nasdaq Composite are all up more than 2% for the week even after two straight negative sessions. – Jesse Pound … Read more
The Japanese yen is approaching 150 against the US dollar The Japanese Yen reached close to 150 against the dollar, at levels not seen since August 1990. It was last at 149.94 per dollar. The yen hovered around 159.8 levels in April 1990 and last breached 160 levels in December 1986. Japanese officials commented against … Read more
Oil prices may remain high on the back of the recent OPEC+ decision to cut production by two million barrels per day, according to Bank of America. “The oil production cut comes at a time when global inventories are already low and US reserves are at levels not seen since the 1980s, pushing up oil … Read more
RBNZ likely to deliver ‘jumbo hike’ of 75 basis points in November: ANZ Economists at ANZ expect New Zealand’s Reserve Bank to deliver an increase of 75 basis points each at its upcoming meetings in November and February. New Zealand’s central bank raised interest rates by 50 basis points to 3.5% earlier this month, bringing … Read more
A man wearing a mask is seen in front of The Australian Stock Exchange logo on March 13, 2020 in Sydney, Australia. Jenny Evans | Getty Images Shares in the Asia-Pacific region traded higher on Tuesday after Wall Street’s overnight rally. In Australia is S&P/ASX 200 rose 1.37%, leading gains in the broader region. The … Read more
The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, November 30, 2020. Toru Hanai | Bloomberg via Getty Images Shares in the Asia-Pacific region traded higher on Tuesday after Wall Street’s overnight rally. That Nikkei 225 rose 1.46% and the Topix rose 1.23%. Japanese Yen touched 149.08 … Read more
Pedestrians walk in front of an electronic price board showing stock prices at the Tokyo Stock Exchange in Tokyo on March 7, 2022. Kazuhiro Nogi | AFP via Getty Images Shares in the Asia-Pacific region fell on Monday as recession fears weighed on expectations of continued tight monetary policy around the world. That Nikkei 225 … Read more
Although WTI crude oil just experienced its worst week in more than two months, the oil trade may have more juice left in the tank. Mirae Asset Securities’ Chris Hempstead told CNBC’s “ETF Edge” that he sees the Russia-Ukraine war fallout and OPEC+ oil cuts as key bullish catalysts for oil. “If you look at … Read more
An employee works at the Tokyo Stock Exchange in Tokyo, Japan, on January 13, 2022. Toru Hanai | Bloomberg | Getty Images Asia-Pacific shares rose on Friday, taking the lead from Wall Street overnight as investors shrugged off a strong inflation report. That Nikkei 225 in Japan was 3.25% higher at 27,090.76, while the Topix … Read more
After a summer of cooling prices, oil is back in focus as an inflation problem. West Texas Intermediate (WTI) reached $92 per barrel on Sunday, up from $77 just two weeks earlier. In the area of exchange-traded funds is VanEck Oil Services ETF (OIH) has increased 36% this year. The fund mainly consists of large … Read more