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Asian markets drop as traders await Powell speech

HONG KONG, Aug 21 — Equities stuttered in Asia today as investors took a step back after recent gains, with focus now turning to a key speech by Federal Reserve boss Jerome Powell at the end of the week. Rising hopes for China-US trade talks have…


Stock markets gloomy on Italian crisis, US Fed uncertainty

NEW YORK, Aug 21 — European stock markets turned lower yesterday as political crisis in Italy weighed on sentiment, while US stocks snapped a three-day winning streak ahead of key Federal Reserve releases later in the week. European markets had…


Wall Street rally ends as financial shares slide

NEW YORK, Aug 21 — Financial shares led US stocks lower yesterday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week. The S&P 500 financial index dropped 1.4 per cent and the…


US stocks retreat after three positive sessions

NEW YORK, Aug 20 — Wall Street stocks opened lower today, retreating after three straight positive sessions amid lingering unease over the US-China trade war and low US bond yields. About 15 minutes into trading the Dow Jones Industrial Average…


US stocks rise amid stimulus talk, steadying bond yields

NEW YORK, Aug 19 — The steadying of the US Treasury market and talk of economic stimulus in Germany and China helped lift Wall Street stocks early today. Yields on the 10-year US Treasury note were solidly higher, rising back above those for…


Apple CEO warns Trump about China tariffs, Samsung competition

WASHINGTON, Aug 19 — President Donald Trump said yesterday that he had spoken with Apple Inc’s Chief Executive Tim Cook about the impact of US tariffs on Chinese imports as well as competition from South Korean company Samsung Electronics Co…


Wall Street ends sharply higher on German stimulus optimism

NEW YORK, Aug 17 — US stocks rebounded yesterday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week. While all three major US stock averages…


Dollar firms, stocks soar on ECB rate cut expectations

NEW YORK, Aug 17 — US and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to…


Wall Street opens higher on hopes for trade war relief

NEW YORK, Aug 16 — US stocks muscled higher at the open today as investors found relief in hope for progress in the US-China trade war, and housing data offered enough good news not to ruin the party. After a wild week in which the Dow posted its…


Japan surpasses China as largest non-US holder of Treasuries, data shows

NEW YORK, Aug 16 — Japan overtook China as the largest non-US holder of Treasuries in June, after raising its holdings to a nearly three-year high, according to US Treasury department data released yesterday. Japan’s holdings of US Treasuries…