equity markets

 
 

Sterling gains hold FTSE 100 back while mid-cap earnings boost shares

LONDON, May 24 ― Gains in sterling sparked by better retail sales data bruised Britain's internationally-exposed FTSE 100 index, while a recovery in commodities helped limit losses, and earnings updates drove sharp single-stock moves. Retail sales…


Most Asian currencies gain as US dollar pulls back on Fed minutes, tariff threats

SINGAPORE, May 24 — Most emerging Asian currencies strengthened today as the US dollar weakened following seemingly dovish minutes from the Federal Reserve's last policy meeting and possible new US tariffs. While the minutes showed most…


Most SE Asian markets fall on strong dollar; Vietnam down 2.9pc

NEW YORK, May 22 — Most Southeast Asian stock markets fell today, with Vietnam shedding 2.9 per cent, as a strong dollar crimped demand for emerging-market assets. The dollar hovered near a five-month high against a basket of currencies, boosted…


South-east Asia stocks subdued, Indonesia climbs 1pc

SINGAPORE, May 22 — Most South-east Asian stock markets were subdued today, hurt by a strong US dollar that crimped demand for emerging market assets, while Indonesia held firm, gaining over 1 per cent. The US dollar hovered near five-month highs…


Dollar hits fresh 4-month high vs yen as U.S.-China trade war fears recede

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SINGAPORE/TOKYO (May 21): The dollar advanced against the yen on Monday, after U.S. Treasury Secretary Steven Mnuchin said the U.S. trade war with China is “on hold”, boosting risk sentiment amid hopes for an easing of trade tensions between the world’s two biggest economies. The dollar rose 0.5 percent to 111.245 yen, hitting a fresh four-month high in Asian trade. The easing of U.S.-China trade tensions is likely to underpin riskier assets such as equities and bodes well for the dollar against the safe-haven yen, said Stephen Innes, head ofRead More


Dollar edges up vs yen as U.S.-China trade war fears recede

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SINGAPORE (May 21): The dollar edged up against the yen on Monday, after U.S. Treasury Secretary Steven Mnuchin said the U.S. trade war with China is “on hold”, boosting risk sentiment amid hopes for an easing of trade tensions between the world’s two biggest economies. The dollar rose 0.2 percent to 110.99 yen in early Asian trade, nearing a four-month high of 111.085 yen that had been set on Friday. The easing of U.S.-China trade tensions is likely to underpin riskier assets such as equities and bodes well for theRead More


Rising rates, stronger dollar mark market’s optimism on US’ outlook

RISING US rates, a stronger dollar and higher oil prices combined with a firm US equity market signal markets’ optimism about the US growth outlook. The US has taken back the cyclical lead, as Europe’s soft patch could extend for a longer period while Italian politics are a reminder of its fragile structure. At the […]


Public Bank, Petronas Gas lead KLCI higher early Thursday

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KUALA LUMPUR: Local fund  buying helped blue chips advance early Thursday with Public Bank and Petronas Gas underpinning the FBM KLCI’s  gains while My EG Services and George Kent – two counters which had been battered this week – saw active trade. At 9.30am, the KLCI was up 7.16 points or 0.39% to 1,865.42. Turnover was 503.55 million shares valued at RM380.62mil. There were 292 gainers, 169 losers and  217 counters unchanged. Kenanga Research said technically, the underlying trend for the benchmark index remains positive, as evidenced by key SMAsRead More


Asian shares steady; euro hampered by Italian political risk

SINGAPORE, May 17 ― Asian shares held steady today, while the euro struggled near five-month lows set a day earlier following a report that Italian populist parties trying to form a coalition could ask the European Central Bank to forgive €250…


Dollar near five-month high after benchmark Treasury yield soars above 3pc

TOKYO, May 16 ― The dollar hovered near a five-month high against a group of major currencies today, as a surge in the benchmark 10-year Treasury yield above 3 per cent reignited a rally that had lost steam last week. The dollar index versus a…