Japan’s Nikkei index closed at its lowest in more than a week on Monday, as the yen’s rise weighed on exporters and investors bet that the Bank of Japan may have to adjust its stimulus policies this week at the earliest. The Nikkei closed Monday’s session down 1.14 percent to …
Read More »Asian shares rise, yen climbs as BOJ battles bond bears
Asian shares firmed on Monday as optimism about China’s reopening offset concerns the Bank of Japan (BOJ) might temper its super-sized stimulus policy at a pivotal meeting this week, while a holiday in U.S. markets made for thin trading. The yen climbed to its highest since May after rumours swirled …
Read More »US Stocks had biggest midday moves on Q4 earnings
Shares of JPMorgan, which is the biggest US bank by assets, surged more than 2% after the firm posted Q4 profit and revenue that topped expectations. The New York-based bank said profit jumped 6% from the year earlier period to $11.01 billion, or $3.57 per share. Interest income at the …
Read More »Yen rises supported by speculation of a policy adjustment by BoJ
The yen continued to rise, supported by speculation that Japan might adjust its ultra-loose monetary policy, while the dollar approached its lowest level since June against major currencies. The Bank of Japan differs from most central banks in the world by sticking to stimulus while other banks raise interest rates, …
Read More »Japan’s Nikkei falls by more than 1%
The Japanese Nikkei index fell more than 1 percent on Friday, to record its first loss in the last six sessions, and caused more than two-thirds of the decline in Fast Retailing, owner of Uniqlo. Japanese stocks are also under pressure from the yen’s rise to a seven-month high, as …
Read More »US stocks edges higher after CPI data
The Dow Jones Industrial Average advanced modestly on Thursday post the December’s consumer price data that came as expected, indicating cooling inflation in the United States.The 30-stock index gained 140 points, or 0.4%. The S&P 500 added 0.1%, while the Nasdaq Composite was little changed.Fed’s Susan Collins said in an …
Read More »Yen jumps and the dollar stabilizes ahead of US inflation data
The yen received support on Thursday from expectations that the Bank of Japan will review the implications of its easy monetary policy, while the dollar held near a seven-month low against the euro ahead of US inflation data on Thursday. The Japanese yen rose 0.8 percent, to record a session …
Read More »Japan’s Nikkei is settled ahead of US inflation data
Japan’s Nikkei closed slightly changed on Thursday amid caution ahead of the release of key US inflation data, while bank stocks rose amid speculation the Bank of Japan’s stimulus package could be modified as next week’s policy meeting approaches. The Nikkei ended Thursday’s session up 0.01 percent at 26,449.82 points, …
Read More »Japan’s Nikkei rises to a two-week peak with the support of robotics
Japan’s Nikkei average rose more than 1 percent on Wednesday to a two-week high, as robotics stocks led gains, despite important US inflation data expected later in the week. The Nikkei index ended Wednesday’s session up 1.03 percent to 26446, and had earlier touched 26479.99 for the first time since …
Read More »US stocks surge after Powell’s speech
US stocks closed higher, on Tuesday, following a choppy session, as markets digested a downgraded global outlook from the World Bank and awaited key inflation data. US stocks have made modest gains after Fed Chair Jerome Powell had said the US central bank may need to make unpopular decisions to …
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