Author Archive

Lim Hui Jie

Key Points

• Heavyweight trading houses such as Mitsubishi, Mitsui and Co, Sumitomo and Marubeni all plunged more than 10%.
• The yen also strengthened to its highest level against the dollar since January, and was last trading at 143.40.

Read More

Lim Hui Jie

Key Points

• Asian markets fall after Wall Street sell-off, with Japan’s Nikkei 225 leading losses.
• Some heavyweight stocks that fell include Softbank Group, which tumbled over 5%, while trading houses Mitsui and Marubeni saw losses of over 8% and 6%, respectively.

Read More

Jenni Reid

LONDON — European markets are set to open mixed on Thursday as investors process a raft of central bank action.

Read More

Gold prices climbed to a two-week high on Thursday as U.S. Federal Reserve Chair Jerome Powell opened the door to cutting interest rates as early as September.

Read More

Lim Hui Jie

Key Points

• Asian markets assess business activity readings from across the region, including the Caixin purchasing managers index from China.
• Investors will also be assessing the impact of comments from Fed Chair Jerome Powell, who said that a rate cut in September is “on the table,” provided the inflation data continues to be encouraging.

Read More

Lim Hui Jie

Key Points

• Japan’s Nikkei 225 rose as the country’s central bank raised benchmark interest rates to around 0.25%.
• This marks the first time since December 2008 that Japan’s benchmark interest rate stands higher than 0.1%.

Read More

Jenni Reid

LONDON — European markets are set to see a mixed start to Tuesday, as earnings continue to dominate stock action and investors brace for U.K. and U.S. central bank decisions.

Read More

Gold struggled for momentum on Tuesday as investors looked for more cues on when the U.S. central bank will cut interest rates from this week’s policy meeting and data releases.

Read More

Lim Hui Jie

Key Points

• The Bank of Japan’s two-day monetary policy meeting kicks off Tuesday as traders for details on benchmark interest rates and the bond buying program.
• Other economic data out from Japan on Tuesday include its unemployment rate for July.

Read More

Lim Hui Jie

Key Points

• Tokyo’s headline inflation slowed slightly to 2.2% in July from 2.3% in May, while its core inflation rate — which strips out prices of fresh food — remained unchanged at 2.2%, in line with expectations.
• The U.S. personal core expenditure index reading for June, the Federal Reserve’s preferred inflation gauge, will be released late Friday.

Read More