Author Archive

Lim Hui Jie & Dylan Butts@IN/DYLAN-B-7A451A107

KEY POINTS

• The Topix crossed its all-time high of 2,886.50, set in December 1989, while the Nikkei 225 surpassed an all-time high of 40,888.43 set in March.
• The Taiwan Weighted Index also reached a fresh high, surpassing its previous record of 23,406.1 set on June 20.
• Japanese companies delivered the largest wage hikes in three decades this year, according to the nation’s largest union. Workers’ pay is forecast to rise by 5.1%, according to labor union Rengo.

Read More

Jenni Reid & Holly Ellyatt@HOLLYELLYATT

LONDON — European stocks opened higher Wednesday, as sentiment remains on edge ahead of two major elections.

Read More

Gold prices edged lower on Tuesday as Treasury yields held firm, while investors digested comments from Federal Reserve Chair Jerome Powell and looked forward to U.S. jobs data due later this week for more signals on U.S. interest rate cuts.

Read More

Lim Hui Jie & Dylan Butts@IN/DYLAN-B-7A451A107

KEY POINTS

• The au Jibun Bank reported that Japan’s composite purchasing managers’ index fell to 49.7 in June.
• the Caixin services purchasing managers’ index showed that China’s services sector expanded for the 18th consecutive month.

Read More

Jenni Reid & Holly Ellyatt@HOLLYELLYATT

LONDON — European stocks are expected to open in mixed territory Tuesday, with market participants looking ahead to the release of the euro zone’s latest inflation data.

Read More

Gold prices edged higher on Monday, buoyed by some short covering from investors with focus turning to U.S. jobs data due later this week that could offer more cues around interest rate cuts by the Federal Reserve.

Read More

&

Lim Hui Jie & Dylan Butts@IN/DYLAN-B-7A451A107

KEY POINTS

• Traders in Asia assessed South Korea’s inflation rate which came in at 2.4% for June, missing expectations of economists polled by Reuters who had predicted it at 2.7%.
• The Japanese yen weakened to as much as 161.67 against the dollar, staying at 38-year lows.

Read More

Holly Ellyatt@HOLLYELLYATT

LONDON — European stocks are expected to start the new trading week higher as investors in the region digest the results of the first round of France’s snap parliamentary election.

Read More

Gold prices steadied on Friday after a key U.S. inflation report was broadly in line with expectations, boosting hopes that the Federal Reserve could cut interest rates by September.

Read More

Lim Hui Jie

KEY POINTS

• China released its official PMI figures on the weekend, with its manufacturing PMI coming in at 49.5, unchanged from May and marking its second straight month in contraction territory.
• On Monday, Japan revised its first-quarter GDP contraction to 2.9% year on year, from 1.8% reported earlier.

Read More