Japan’s Nikkei index closed higher for the third consecutive session Friday after weak trading, led by gains for Uniqlo clothing chain operator Fast Retailing and video game maker Nintendo, while fears of an economic slowdown limited the gains. The Nikkei index closed up 0.54% at 26788.47 points, after swinging for …
Read More »Japan’s industrial production index fell in May
Japan’s industrial production index fell to 88.0 last May, down 7.5% month-on-month, according to a report released by the Ministry of Economy, Trade and Industry on Thursday. This figure was lower than investors’ expectations, indicating that Japan’s production fell 3.1% compared to last year. In addition, Japan’s inventory ratio rose …
Read More »Dollar continues to rise and pushes the euro and yen to the lowest levels in decades
The dollar continued to rise on Thursday, reaching levels not reached in 24 years against the yen and close to parity with the euro, amid speculation by traders that the Federal Reserve will raise interest rates to combat inflation. Global economic turmoil pushed the dollar’s price to rise sharply as …
Read More »European shares fall, Italy shares fall on political fears
European shares fell on Thursday, affected by increased expectations that the Federal Reserve will raise interest rates again after a sharp rise in the inflation rate in the United States, while the main index in Italy fell 1% as the risk of a government collapse increased. The pan-European Stoxx 600 …
Read More »Euro hovers above parity against USD Ahead of US inflation data
The euro hovered above parity with the US dollar on Wednesday as traders focused on US data due later on Wednesday that is expected to show inflation at a 40-year high. European stocks witnessed a decline and the currency markets were calm in early European trading, with the dollar index …
Read More »European stocks fall as fears of an economic recession grow
European shares extended losses for the second consecutive session on Tuesday, weighed down by fears of a lack of energy supplies, while a rise in COVID-19 infections in China exacerbated fears of a global economic recession. The decline included most sectors such as healthcare, technology and luxury products. The oil …
Read More »Japanese stocks fall on recession fears after COVID-19 cases surge
Japanese stocks fell on Tuesday as a surge in domestic COVID-19 infections sparked fears of a recession and led to a morning sell-off. The Nikkei index closed down 1.77 percent at 2,6336.66 points, after losing as much as 1.99 percent earlier in the session. The broader Topix index fell 1.64%. …
Read More »The dollar rises to its highest against the yen
The dollar rose to a 24-year high against the yen on Monday after good results from Japan’s ruling conservative alliance signaled no change in loose monetary policies and global growth concerns boosted the dollar as a safe haven on a broader scale. The dollar rose to 137.28 yen in morning …
Read More »Nikkei closes higher after Japan’s coalition government strengthened its majority in parliament
Japan’s Nikkei index closed higher on Monday after Japan’s coalition government consolidated its majority in the upper house of parliament in Sunday’s election. The Nikkei closed up 1.11 percent at 26,812.30 points, after climbing as much as 2 percent earlier in the session to its highest level since June 13. …
Read More »Euro rises from its lowest level in 20 years
A slight decline in the dollar gave the euro some recovery, allowing it to bounce off its two-decade low reached this week after higher energy prices fueled recession fears. Risky assets, including the euro, managed to post gradual gains on Thursday as investors cautiously deal with rising recession risks and …
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