Forex trends Thursday: Euro gains despite downbeat growth signals
The euro gained against the dollar, but Kathy Lien, managing director of foreign-exchange strategy at BK Asset Management, said that was on short-covering, not economic…
Economy and Trade
Asia market trends Thursday: Concerns over global economic growth to damp sentiment
Markets globally continue to fret over signs of slowing global economic growth, and Asia shares may open trade on Thursday under a cloud. “Against a…
Forex trends Wednesday: Sterling rises despite few signs Brexit ‘plan B’ will gain traction
Sterling was higher on Tuesday despite U.K. Prime Minister Theresa May’s Brexit plan B appearing unlikely to cut the mustard with parliament any better than…
Asia market trends Wednesday: Economic growth concerns set to weigh shares
Concerns over slowing economic growth were set to weigh Asian markets on Wednesday, after dunking Wall Street on Wednesday amid weak home sales data. In…
Forex trends Tuesday: Brexit developments likely in focus
Foreign-exchange markets will likely be eyeing the latest Brexit developments on Tuesday, with U.K. Prime Minister Theresa May aiming for a “plan B” deal that…
Asia market trends Tuesday: Growing pessimism over global economic outlook
Asian markets will open Tuesday with fresh signs of pessimism over the outlook for global economic growth. Wall Street will provide few cues on Tuesday…
Forex trends Monday: US government shutdown appears to boost dollar
The U.S. dollar has risen since Friday, despite growing worries the U.S. government shutdown could begin to bite into economic growth. Over the weekend, U.S. President…
Asia market trends Monday: Optimism over US-China trade talks may boost shares
Asia’s markets may gain on Monday, tracking rallies on Wall Street on Friday amid optimism that the U.S. trade war with China may be approaching…
Forex trends Friday: Indonesia’s rupiah could drop if market volatility persists, economist warns
Foreign exchange trading of the majors was on the quiet side on Thursday, but while Indonesia’s rupiah was rangebound after the central bank kept rates…
Asia market trends Friday: Potential boost from hopes US-China trade war may ease
Asian markets may head into the weekend on a high note, potentially tracking Wall Street gains amid signs that U.S.-China trade talks could result in…
UPDATE: Singapore December NODX drops for second straight month
Singapore’s non-oil domestic exports, or NODX, dropped 8.5 percent on-year in December, falling for a second month, on a high base a year earlier, according…
Forex trends Thursday: Euro slips amid slowing economic growth, but pound shrugs off Brexit drama
The euro lost ground on Wednesday amid dovish comments from the ECB, but the British pound was fairly steady despite the uptick in Brexit drama….
Asia market trends Thursday: Goldman, BofA earnings beats boost sentiment as Brexit gets a shrug
Asian shares may rise on Thursday, getting a fillip from a buoyant Wall Street after big banks Goldman Sachs and Bank of America reported earning…
Fund managers are most bearish on economy since Financial Crisis, BofA-ML January survey shows
Global fund managers are now at their most bearish on the economy since 2008, during the Global Financial Crisis, with 60 percent expecting growth to…
Forex trends Wednesday: Sterling likely in focus as next Brexit moves eyed
The pound sterling dropped and then recovered on Tuesday as the U.K. Parliament voted overwhelmingly to reject the Brexit deal currently on the table. The…
Asia market trends Wednesday: Brexit concerns may rattle traders
Asia markets may face a choppy open on Wednesday, as concerns over Brexit may be in focus after the U.K. Parliament overwhelmingly rejected the current…
Forex trends Tuesday: Parliament’s Brexit vote closely eyed for sterling direction
The pound sterling may have steadied from its recent losses, but Kathy Lien, managing director of foreign-exchange strategy at BK Asset Management, is calling it…
Asia market trends Tuesday: China concerns may continue to weigh shares
Asian markets are expected to open on Tuesday with negative leads, as Wall Street and oil prices fell, weighed by fresh concerns over slowing economic…
Forex trends Monday: Euro retraces some recent gains amid weaker economic data
The euro gave up some of its recent gains on Friday, while the pound sterling retraced some of its recent losses on hopes the U.K….
Asia market trends Monday: US shutdown, Brexit worries may stall recovery
Shares around the region may stumble on Monday, tracking a trading hiccup on Wall Street on Friday, as geopolitical worries weighed on sentiment, potentially ending…
Forex trends Friday: Euro rallies against dollar; DBS forecasts weaker Singapore dollar
The euro rallied on Thursday amid further dovish signals from U.S. policy makers, while DBS forecast that the Singapore dollar would depreciate this year. In…
Asia market trends Friday: Wall Street extends post-Christmas rally
Asian markets may end the week on a positive note after Wall Street extended gains on Thursday for a fifth straight session amid signs the…
Nomura: Upgrades Philippines shares, downgrades Malaysia in Southeast Asia outlook
Southeast Asian shares are expected to have a better year after a tough 2018, Nomura said, but said it preferred domestic demand stories and was…
Forex trends Thursday: ‘Dovish’ Fed minutes weigh on greenback
The U.S. dollar extended recent declines on Wednesday as the release of the latest Fed meeting minutes spurred expectations the central bank may take a…
Asia market trends Thursday: Optimism over US-China trade talks may fade
Asian markets may stumble on Thursday after a days-long rally, with Japan’s shares opening lower as regional traders may not share Wall Street’s unfettered optimism over…