Nothing stops yen slide, falls to fresh 20 year low
HONG KONG: The Japanese yen hit a 20-year low against the dollar on Tuesday, supported by high U.S. Treasury yields and likely comparatively good U.S. economic data this week. Read full story
Stock Market & Investment News
-
-
Australia rate hike brought nearer by inflation, wages
SYDNEY: Australia’s central bank is nearer to raising interest rates for the first time in more than a decade as inflation accelerates and a tightening labour market nudges wage growth higher, minutes of its April policy meeting showed on Tuesday. Read full story
-
Asian stocks in defensive mood on China and rate worries
HONG KONG: Asian shares traded cautiously on Tuesday, with investors weighing China’s measures to cushion an economic slowdown and the prospect of aggressive Federal Reserve monetary policy tightening. Read full story
-
China Q1 accommodation, catering sector shrinks for first time since 2020
BEIJING: China’s accommodation and catering sector contracted in January-March from a year earlier for the first time since 2020, pointing to increasingly flagging consumption weakened by COVID curbs on travel and social-distancing rules. Read full story
-
Australian shares hit 3-1/2-month closing high on mining, energy boost
AUSTRALIAN shares rose on Tuesday to a 3-1/2-month closing high, lifted by gains in miners and energy firms on strong underlying commodity prices, while rising inflation was seen nudging the central bank to move closer towards hiking interest rates. Read full story
-
-
-
-
-
-
-