Category 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.

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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.

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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.

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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.”

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Holly Ellyatt@HollyEllyatt

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

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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.

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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.

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Holly Ellyatt@HollyEllyatt

LONDON — European stocks are expected to open higher Thursday as investors digest cooler-than-expected inflation readings in the U.S and U.K.

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Lim Hui Jie

Key Points

• Japan’s second-quarter gross domestic product beat market expectations on a quarter-on-quarter basis, climbing 0.8% compared to forecasts of a 0.5% rise from economists polled by Reuters.
• U.S. consumer prices increased 2.9% year over year, down from 3% in June and the lowest reading since March 2021, the Bureau of Labor Statistics said on Wednesday. Month-over-month, prices ticked up 0.2%.

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Jenni Reid & Holly Ellyatt@HollyEllyatt

LONDON — European stocks opened higher Tuesday, regaining some positive momentum after last week’s volatility.

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