The US dollar index is fluctuating, hovering around 100 The dollar index fell more than 0.3% to 100.92, the lowest levels seen since April 2022, when it last dipped below the 101 mark, Refinitiv data showed. The dollar index hit an overnight low of 101.036, its lowest level since 04/22/2022, when it traded as low …
Zip shares have reversed after the initial rally Australian buy now pay later company. Zip fell more than 10% after a brief rally following quarterly results. Zip traded 15% lower, a sharp reversal from its previous gains of more than 10%, after it reported a 12% rise in revenue. The company said underlying “monthly cash …
Australia PMI, Japan Jibun Flash PMI, Lunar New Year Holidays Read More »
Earnings news will keep investors busy and markets volatile next week as the Federal Reserve’s next rate hike nears. A diverse group of more than 80 S&P 500 companies reported, including industrial companies such as Boeing and transportation companies such as Union Pacific, CSX and Southwest Air. Big tech is also starting to put up …
Earnings could keep the market on edge next week as investors wait for the Fed Read More »
China leaves key 1-year and 5-year lending rates unchanged The People’s Bank of China left key 1-year and 5-year lending rates unchanged, largely in line with expectations. The 1-year LPR remained at 3.65%, while the 5-year LPR remained at 4.3%, both unchanged from August 2022. The offshore and onshore Chinese yuan were unchanged and last …
Inflation data in Japan, prime lending rates in China Read More »
A man uses a mobile phone outside the stock exchange in Hanoi, Vietnam on September 10, 2018. Mother Elan | Bloomberg | Getty Images Vietnam risks missing a self-imposed 2025 deadline to complete reforms that would allow it to upgrade its stock market to emerging economy status and attract billions of dollars in investment, three …
Vietnam’s market risks missing out on upgrading to emerging economy status in 2025 Read More »
China’s retail sales beat forecasts, economy expands more than expected China’s December retail sales beat forecasts, falling just 1.8 percent year-on-year, significantly better than the 8.6 percent drop forecast in a Reuters poll. Industrial production also rose 1.3% in December, beating expectations for a 0.2% increase. In the fourth quarter, China’s economy expanded by 2.9% …
Asia-Pacific markets traded mixed as investors reviewed Chinese economic data Read More »
