-
Talk of transient inflation is back. But economists say the higher prices here will remain
Fruit and vegetable prices are displayed at a store in Brooklyn, New York City, March 29, 2022. Andrew Kelly | Reuters Global markets have been rattled in recent weeks by data indicating that inflation may have peaked, but economists warn against a return to the “temporary” inflation narrative. Stocks rebounded when the U.S. consumer price […]
-
China encourages vaccination of the elderly; Hong Kong closes up 5%.
China says it is closely watching developments in the virus when asked about the policy shift Chinese health authorities said officials were “closely watching” Covid developments when asked if the protests in the region would lead to shifts in the zero Covid policy. “China is closely following and watching the virus as it evolves and […]
-
Hong Kong stocks led losses in Asia due to Chinese unrest, and oil is at a low in 2022
India’s inventories are at historic highs Indian stocks hit new highs in Monday’s session. The nifty 50 index, The main index on the National Stock Exchange of India touched 18,611.05, breaking the all-time intraday high of 18,604.45 seen on October 19, 2021. The Sensex reached 62,690.39 in the India morning session, also surpassing the previous […]
-
Fed Minutes, Bank of Korea Decision, Sri Lanka
Malaysian stocks rose with the announcement of the Prime Minister’s State Palace Listed shares rose in Malaysia as the state palace announce Anwar Ibrahim, Prime Minister of the nation. pointer KLCI Index It was trading up 3.86% following the previous negative sessions, and it traded at the highest levels in more than two months. communication […]
-
China may have ‘passed the point of no return’ with soaring rates of Covid infection
Macquarie’s chief China economist, Larry Hu, said surging Covid infections across mainland China was making it difficult for the government to achieve zero Covid without returning to a harsh lockdown. In the past few days, the number of daily cases has risen to around 28,000 or more — close to levels seen in April during […]
-
Hong Kong stocks led losses as coronavirus cases surged in China; Asian markets are mixed
JD.com shares plunge after the company cut senior management salaries Hong Kong shares listed JD.com It was trading down more than 5% in the afternoon after the company confirmed a pay cut for its senior management team. The Chinese e-commerce giant has confirmed that it will cut cash salaries for its senior management team by […]
-
Asia-Pacific markets trade less; China keeps the LPR steady
Analysts said Malaysian voters were leaning conservative in the weekend’s polls Analysts said the absence of a clear winner-takes-all coalition in Malaysia’s elections this weekend shows that the country’s politics are changing. While reforms to the long-ruling Barisan National Coalition were once popular, voters including young people lean towards more conservative and religious parties. Oh […]
-
The British government is ushering in a new era of austerity in an effort to restore market confidence
Chancellor of the Exchequer Jeremy Hunt arrives at the back entrance of Downing Street, London. Aaron Chown – Pa Pictures | Pascal | Getty Images LONDON (Reuters) – Britain’s new finance minister, Jeremy Hunt, must weigh the economic risk to the country against the political survival of his party on Thursday as he delivers a […]
-
Be prepared to pounce when the market is oversold
CNBC’s Jim Cramer warned investors Friday not to let their guard down when it comes to their portfolios and prepare to cash in on good deals. “Ultimately, you’ll only regret if you don’t buy anything in the heavy selling,” Kramer said. “When the market eventually sells enough, though, that’s when you need to pounce.” Stocks […]
-
The financial rules will be updated and the markets will be monitored
The eurozone is set to discuss changing its fiscal rules – a task that could have market repercussions. Bloomberg | Bloomberg | Getty Images The eurozone will soon reveal changes to its fiscal rules – a move that could have major repercussions on government borrowing costs and the region’s bond markets. The European Commission, the […]