Category 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.

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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.

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Jenni Reid

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

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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.

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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%.

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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.

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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.

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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.

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Jenni Reid

LONDON — European markets retreated Thursday, with a flurry of corporate earnings and a selloff on Wall Street in focus.

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Lim Hui Jie

Key Points

• China’s central bank cut the medium-term facility lending rate to 2.3% from 2.5%, in its latest move to stimulate the economy after lowering its loan prime rates on Monday.
• South Korea’s GDP grew 2.3% year on year, lower than the 2.5% expected by economists polled by Reuters. On a quarter on quarter basis, the country’s economy shrank 0.2%, compared to a 0.1% rise expected

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