Asian markets are trading lower on Friday as a new lockdown in China and crucial US jobs data due today keep investors nervous. Data released yesterday in the US on new jobless claims came in better than estimates, confirming the strong picture of the labor market. Investors are now gearing up for today’s government data […]
Tag: Asian Market
Hesitant attempt to react to Asian markets
The main stock indices of Asia tried to return to positive territory after the sharp losses on Monday, with the picture on the boards of the region, however, being divided. In particular, in Japan the Nikkei after a strong fall of more than 2.5% yesterday in the wake of aggressive Fed policy hinted at by […]
Asia falls sharply after Powell’s Jackson Hole speech
Asia-Pacific shares were sharply lower on Monday after Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole conference on Friday signaled that the era of high interest rates will have continuity in order to tame the galloping inflation. On the board, the Japanese Nikkei closed with losses of 2.66%, at 27,878.96 units, with the […]
Gains in Asia just ahead of Jackson Hole announcements
Asian stocks were in higher territory on Friday after strong Wall Street gains on Thursday, with investors taking up battle positions ahead of the Federal Reserve chairman’s speech at the annual Jackson Hole economic symposium that is expected to shed more light on bank plans. Ahead of the meeting, several Fed officials indicated in their […]
Asia gains ahead of Powell speech
Asian markets were positive on Thursday as investors await the Federal Reserve chairman’s crucial interest rate speech at the end of the week. Japan’s Nikkei rose 0.6% to 28,479.01. In Hong Kong, the Hang Seng index gained 1.5% as the opening of trade was significantly delayed by a typhoon, while in mainland China the Shanghai […]
Mixed picture in Asia ahead of Jackson Hole
Asian stock markets were mixed on Wednesday as investors took a wait-and-see attitude after yesterday’s losses on Wall Street and ahead of the central bankers’ meeting at the end of the week. Inflation worries continue to weigh on investor sentiment, with investors awaiting statements from key officials at the Federal Reserve’s annual conference in Jackson […]
Asian markets are in the red following Wall’s negative pace
Stocks in the Asia-Pacific region fell on Tuesday, following a negative move by Wall Street, which on Monday night ended its worst session since June amid heightened interest rate hike concerns. Investor interest is focused on the message Federal Reserve Chairman Jerome Powell will send Friday in his speech at the central bank’s annual meeting […]
Negative trends in Asian markets with resistance from China and Hong Kong
Asia-Pacific stock markets were mixed on Monday as concerns over continued monetary tightening by the Federal Reserve remained, while investors in China weighed a decision to cut lending rates to stem the country’s economic slowdown. In particular, global investor interest is turning this week to the crucial meeting of central bankers in Jackson Hole, awaiting […]
Small losses in Asian markets
Most Asian markets were lower on Friday as investors continued to assess economic data from the US ahead of a crucial Federal Reserve meeting next week. Data released yesterday in the US showed a small drop in new jobless claims, confirming investor confidence in the outlook for the labor market, while an indicator of the […]
Losses in Asia in the wake of Fed practices
Asian stocks were lower on Thursday, following losses on Wall Street after minutes from the Federal Reserve showed that central bank officials have seen “little evidence” that inflation is slowing. Analysts estimate that the US central bank will need to see convincing evidence that inflation has begun to slow before deciding to modify its strategy, […]