BENGALURU: Gold rebounded from a four-week low on Friday as the latest twist in tensions between the United States and North Korea prompted investors to seek out the safe-haven asset.
HONG KONG: China’s first internet-only insurer has raised US$1.5bil in a Hong Kong listing, according to IFR. ZhongAn’s status as a rare growth stock with big-name backers helped, as did expectations tech-hungry Chinese retail investors could soon buy in. Living up to a lofty valuation will be a challenge.
BENGALURU: Boeing Co said it sees demand for new airplanes worth US$650bil in Southeast Asia over the next two decades.
HONG KONG: Standard and Poor’s lowered Hong Kong’s long-term rating from AAA to AA+ on Friday following its earlier downgrade of China’s sovereign rating.
SEOUL: Oil prices edged higher on Friday as the market waited to see whether major oil producers would extend supply cuts beyond March at a meeting in Vienna later in the day.
MILAN: European shares steadied on Friday amid fresh tensions over North Korea but remained near recent highs ahead of this weekend’s general election in Germany, where conservative Chancellor Angela Merkel is expected to win a fourth term.
The dollar posted fresh highs versus the yen, Swiss franc and some other currencies, though the overall breadth and momentum of gains waned as markets digest the Fed’s hawkish up-gearing. EUR-USD floated back above 1.1900, leaving unchallenged yesterday’s post-Fed low at 1.1861. USD-JPY, by contrast, managed to lift to a new four-month high, at 112.71, […]
This is the conclusion of my examination of housing permits and starts for August.
OVERVIEW USD had rallied strongly after FOMC announced an end to Q.E. and signaled a further rate rise. GBP firm after BBC reports PM May will announce €20 billion payments to EU. CAD recovering from a post-Fed dip on strong domestic data. EUR steady as consumer confidence rises by more than expected. AUD weaker after […]
The dollar gave back some of its post-FOMC gains seen on Wednesday, losing modest ground to all the major currencies. The move came despite decent U.S. data, which saw jobless claims below expectations, and a firmer Philly Fed index and leading indicators. EUR-USD bottomed at 1.1899 after the early data, before making its way to […]
The dollar has traded softer, correcting some following the sharp gains seen in the wake of the Fed’s hawkish turn on Wednesday. EUR-USD nudged above 1.1960, up over a big figure form the post-Fed low, and USD-JPY tipped to a low of 111.65, correcting after rallying in eight of the previous nine sessions and putting […]
KUALA LUMPUR (Sept 21): After lambasting a news report yesterday for its “unbalanced and simplistic” assessment of Malaysia’s international reserves adequacy, Bank Negara Malaysia (BNM)…