View on market: Stay Cautious, be with quality business: Asian stocks opened lower following the flat closing in the U.S, markets after a volatile trading session. The Japanese Nikkei 225 fell nearly 0.82%, while the Australian S&P/ASX 200 was down 0.60% as of 6:17 am, local time. U.S.…
View on market: Stay Cautious, be with quality business: U.S. stocks dipped with as bank CEOs raised alarm over downbeat economic conditions. The S&P 500 fell 1.3% and the tech-heavy Nasdaq fell 1.7%. Yield on 10-year Treasuries declined one basis point to 3.56%. Oil fell 3.6% amid broader…
View on market: Stay Cautious, be with quality business: Asian stocks followed US shares lower after unexpectedly strong services data bolstered the case for the Federal Reserve to deliver higher interest rates. Oil fell 2.7% on weaker equity market conditions and sell-off ahead of the end of the…
View on market: Stay Cautious, be with quality business: Stocks opened on a cautious note in Asia as investors weighed the impact of a hot US jobs report and an accelerated shift toward reopening of the Chinese economy. Oil advanced after OPEC+ left oil production steady, sanctions on…
View on market: Stay Cautious, be with quality business: Stocks edged lower in Asia after US equities struggled for direction, with traders awaiting a jobs report later Friday for clues on the Federal Reserve’s next policy steps. The Bloomberg Dollar Spot Index steadied after sinking to its lowest…
View on market: Stay Cautious, be with quality business: Stocks in Asia extended gains following a sharp rally on Wall Street after Federal Reserve Chair Jerome Powell signaled a slowdown in the pace of rate hikes. Oil surged 2.8% above $80 a barrel after government data showed that…
View on market: Stay Cautious, be with quality business: Asian stocks followed US equities lower as investors weighed Covid developments in China and awaited a speech from Federal Reserve Chair Jerome Powell later Wednesday. Shares fell in Japan, South Korea and Australia while futures contracts for Hong Kong…
View on market: Stay Cautious, be with quality business: Stocks opened on a cautious note in Asia on Tuesday after Federal Reserve officials stressed that more interest rate hikes were coming and as Covid protests eased in China amid a heavy police presence on city streets. Elsewhere, oil…
View on market: Stay Cautious, be with quality business: Shares were under downward pressure and the dollar climbed as markets opened Monday to news of growing unrest in China over Covid restrictions. The dollar benefited from haven demand and made some of its biggest early gains against the…
View on market: Stay Cautious, be with quality business: Stocks were mixed in subdued trading in Asia on Friday after the Thanksgiving holiday in the US. The dollar inched up after a three-day drop. Crude dropped 0.1%, while gold futures rose 0.6%. Bitcoin rose 0.7% to trade near…