Author Archive

Jenni Reid

LONDON — European stocks are heading for a higher open Wednesday, rebounding as investors await commentary on the inflation and interest rate outlook from the U.S. Federal Reserve.

Read More

Gold prices were trading below record high levels on Wednesday after a rally fueled by Western fund inflows and U.S. rate-cut optimism, as investors braced for minutes of the Federal Reserve’s latest meeting for clarity on the depth of cuts.

Read More

Lim Hui Jie

Key Points

• Japan’s July exports rose 10.3% year on year and imports rose 16.6% in the same period, compared to expectations of a 11.4% rise for exports and a 14.9% growth for imports.
• It was the last month of trade data recorded before the Bank of Japan’s move to raise interest rates at the end of July, which caused the yen to strengthen dramatically.

Read More

Holly Ellyatt@HollyEllyatt

LONDON — European stocks are expected to open in mixed territory Tuesday, with market uncertainty lingering over the outlook for interest rate cuts.

Read More

Gold held steady near its record high on Tuesday as investors awaited U.S. Federal Reserve minutes and Chair Jerome Powell’s speech for indications on how much the central bank will cut rates this year.

Read More

Lim Hui Jie

Key Points

• China’s central bank left its one-year and five-year loan prime rates unchanged at 3.35% and 3.85% respectively, in line with expectations.
• Minutes of the Reserve Bank of Australia’s August meeting revealed that the central bank considers a rate cut in the short term as “unlikely.”

Read More

Holly Ellyatt@HollyEllyatt

LONDON — European stocks are expected to start the new trading week in mixed territory, after global markets rallied last week.

Read More

Gold prices eased on Monday and hovered around key $2,500 level, as traders locked in profits following bullion’s climb to an all-time peak in the previous session on expectations of a U.S. interest rate cut next month.

Read More

Lim Hui Jie

Key Points

• Traders in Asia will watch out for central bank releases this week, including the Bank of Korea’s rate decision and minutes of the Reserve Bank of Australia’s August meeting.
• Core machinery orders in Japan fell 1.7% year on year in June, surprising economists who had expected a 1.8% rise.

Read More

Lim Hui Jie

Key Points

• Asian markets track the rally on Wall Street after U.S. economic data eased fears of a recession.
• Traders in Asia also assess non-oil exports data from Singapore, which massively beat Reuters’ poll expectations
• Taiwan and Hong Kong’s second-quarter GDP data will be out after market hours.

Read More