Markets

Asia-Pacific markets trade mixed as investors weigh in on Fed’s smaller quarter-point hike

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 …

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AB-Biotics is targeting the food and beverage market with microbiome solutions

Future Market Insights predicts that fermented foods and beverages will have a CAGR of 5.6% in the decade to 2032. Meanwhile, Spherical Insights predicts that the functional foods market – including pre-, pro- and postbiotics – will expand by 4, 52% by 2030. This demand represents a “significant growth opportunity,” according to AB-Biotics, Kaneka’s probiotics …

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5 things you need to know before the stock market opens on Thursday, January 26

Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York, U.S., January 25, 2023. Andrew Kelly | Reuters Here are the top news investors need to start their trading day: 1. The march of earnings continues We’re deeper into earnings season, so investors are getting more and more data …

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Australia PMI, Japan Jibun Flash PMI, Lunar New Year Holidays

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 …

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Inflation data in Japan, prime lending rates in China

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 …

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Live stock market: Stocks rise, bonds rise to support Bank of Japan

U.S. stock futures rose on Wednesday as the dollar drifted south and government bond yields retreated as investors repriced bond and currency markets after an unexpected policy move by the Bank of Japan and awaited a key reading on sales of retail later in the session. Bond markets rose in major markets around the world …

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Asia-Pacific markets traded mixed as investors reviewed Chinese economic data

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% …

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Stock market investors expecting smoother sailing have history on their side

Stock market investors hoping for a breather after a brutally volatile 2022 have history — and options traders — on their side. With slowing inflation supporting speculation that the Federal Reserve is nearing the end of raising interest rates, equity traders are looking for a respite from the turmoil that continued to race through markets …

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