MARKET ANALYST AT IG
High-speed traders, short sellers face growing Asia crackdown
The controversial nature of such restrictions is on full display in South Korea, where a short-selling ban hurt its attempts to win an upgrade from MSCI Inc. These developments show the difficulties policymakers have in keeping up with increasingly sophisticated trading strategies and their impact on financial markets, a challenge that’s only set to grow with the adoption of artificial intelligence.
Asian shares head for five-month winning streak; yen slides
Asian stocks rise on Fed rate cut hopes and U.S. inflation worries. AI boom drives Wall Street to record highs. Yen hits 38-year low, impacting Japanese markets. Gold market pressured by strong dollar.
Asian shares eye five-month winning streak; yen buckles under dollar strength
Friday is packed with risk events for markets after a relatively subdued rest of the week, with U.S. Democratic President Joe Biden and his Republican rival Donald Trump set to take the stage at 0100 GMT for their first debate of the year ahead of November's U.S. presidential elections.
Oil extends losses as strong dollar weighs on commodities markets
Oil prices fell in early Asian trade on Monday due to a stronger dollar and concerns of higher interest rates. Brent crude futures slid to $84.84 a barrel, while U.S. West Texas Intermediate crude futures were at $80.34. Geopolitical risks in the Middle East and issues in Ecuador impacted prices.
Europe's STOXX 600 falls as tech, banks drag
European shares fell on Friday, with Carlsberg Group dropping 8% after Britvic rejected its $3.9 billion takeover bid, causing a 0.3% decline in the STOXX 600.
Asian shares end the week with a whimper, yen struggles
Asian shares end week with profit-taking as U.S. dollar strength pressures yen towards intervention zone.
- Go To Page 1
Here’s what to watch in Asian markets after Fed decision, CPI
Asian stocks and currencies rose after the Federal Reserve rate decision and US consumer price data. Equities and dollar-denominated bonds are set to benefit despite tempered optimism due to Fed officials revising rate cut forecasts.
Oil slips on dollar's strength from US jobs data
Oil prices slipped on Monday due to a stronger dollar and delayed interest rate cuts following strong U.S. jobs data. Developments in Iraq, including progress in oil export talks with the Kurdistan region, impacted market sentiment.
Asia stocks gain, dollar drifts as inflation tests await
Asian stocks rose for the fourth month, while the dollar drifted lower. Investors await inflation readings from Europe and the U.S. for interest rate guidance.
Dollar ascendant as surging US yields spur demand for safe havens
The dollar surged to a two-week high against major peers on Thursday due to a rout in Treasuries, boosting its appeal with higher U.S. yields and demand for safe haven assets.
Asia shares drift after rally, Wall Street reopen in focus
Asian shares mixed after rallying, with rising bets of European rate cut and key inflation data boosting risk appetite. Wall Street futures firm ahead of U.S. market reopening after holiday.
Nvidia cuts China prices in Huawei chip fight
The flattening prices underscore the challenges Nvidia's China business faces amid U.S. sanctions on AI chip exports and heightened competition, casting a cloud over its future in a market that contributed 17% to its revenue for fiscal 2024.
Nvidia cuts China prices in Huawei chip fight, sources say
Nvidia's advanced AI chip designed for the Chinese market is facing challenges, with oversupply leading to lower prices than Huawei's rival chip. This highlights the difficulties Nvidia faces in China due to US sanctions and competition. While Nvidia aims to capture market share, the future looks uncertain. China's AI industry is growing, and Nvidia is balancing market needs and US tensions. The H20 chip's performance will be crucial, especially against Huawei's Ascend 910B, which is expected to see increased shipments.
If Modi is re-elected, these sectors will get his most attention
Prime Minister Narendra Modi has pledged to propel India to become the world's third-largest economy if re-elected for a third term. His ambitious 100-day agenda post-election includes prioritizing manufacturing, new-age technology, infrastructure development, and clean energy sectors. The government aims to implement reforms to boost economic growth and attract foreign investment.
Dollar steady; ether fuels crypto rally
Cryptocurrencies rallied, led by a surge in ether on growing anticipation of an impending approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).
Waiting with cash in hand; will invest once election results are out on June 4: Aveek Mitra
Aveek Mitra of Aveksat Financial Advisory strategizes for post-election investments, considering policy changes, Budget implications, and real estate opportunities in the MMR region for long-term growth. Mitra says: "We have built up different scenarios with most likeliest scenarios to the not likeliest scenario and based on that we will immediately try to see that what best we can do with the cash after the 4th June result."
Dollar drifts as traders eye US inflation data; frail yen in focus
The currency market has been sedate this week, with investors seeking to gauge what the path the Federal Reserve will take this year in the wake of recent softer-than-expected U.S. labour market data and comments from central bankers.
Oil prices tick up on tighter supply outlook
The market is watching wildfires in remote western Canada that could disrupt the country's oil supply, Tony Sycamore, market analyst with IG, said in a note.
Japan's Nikkei edges higher on earnings, Wall Street gains
The Nikkei closed 0.41% higher at 38,229.11 after rising more than 1% early in trading.
Oil down on Middle East talks while investors await Fed meeting
Oil edged lower on Tuesday after U.S. data showed healthy crude output and exports, extending losses prompted on Monday by hopes of an Israel-Hamas ceasefire, while investors await signals on U.S. interest rates from the Federal Reserve meeting this week.
Oil prices fall after Iran attack as market draws down risk premium
Brent futures for June delivery fell 24 cents to $90.21 a barrel while West Texas Intermediate (WTI) futures for May delivery were down 38 cents at $85.28 a barrel by 1256 GMT.
Asian stocks muted, gold at new peak as markets weigh Fed cut timing
Gold rose to a fresh all-time peak after a mild reading for producer price inflation kept alive hopes for Fed easing this year, though U.S. Treasury yields stuck close to five-month highs in the wake of hotter-than-expected consumer price data mid-week that forced a paring back of rate cut bets.
Oil prices turn higher as Middle East ceasefire hopes wane
A fresh round of Israel-Hamas ceasefire discussions in Cairo had ended a multi-session rally on Monday, leading Brent to its first decline in five sessions and WTI its first in seven on the prospect that geopolitical risks could ease.
Oil tumbles nearly 2% as Middle East tensions ease
Israel and Hamas sent teams to Egypt for fresh talks on a potential ceasefire ahead of the Eid holidays, easing tensions in the Middle East that drove up oil prices by more than 4% last week on concerns of supply disruption.
Bitcoin market cap back above $1 trillion in broad crypto rally
Bitcoin's 21% year-to-date gain pushed its market capitalization above $1 trillion for the first time since December 2021, data from CoinGecko show. Ether rose 4.1% in London on Wednesday, and altcoins like Avalanche, Polkadot and Polygon also climbed.
Oil ticks down in Asian trade despite rising Middle East tensions
The March Brent crude futures, which expires today, fell 37 cents to $82.50 a barrel by 0146 GMT. The more actively-traded April contract fell 24 cents to $82.26 a barrel.
Bitcoin steadies above $25,000 as Binance SEC lawsuit rattles investors
Bitcoin steadied above $25,000 after a sharp fall on Monday as news emerged that the US Security and Exchange Commission had sued Binance, the world’s leading cryptocurrency exchange, and its CEO Changpeng Zhao for allegedly secretly controlling Binance.US to evade US laws. The SEC also made multiple other allegations. Bitcoin continued to trade near its two-month low of Tuesday morning. Binance’s cryptocurrency also fell to a nearly-three-month low of $277.07, after a drop of 9.2% on Monday. Binance pledged to cooperate with the SEC’s probes.
Mankind Pharma IPO opens for subscription today: Should you bid?
Indian pharma giant Mankind Pharma has launched its initial public offering (IPO), with around 40 million equity shares available for sale. Analysts have warned that the pricing, around 32-33 times the FY23 earnings, is a little higher than average. ICICI Direct has nevertheless issued a "subscribe" recommendation, pointing to the company's strong foothold in affordable product offerings and experiencing EBITDA growth despite input costs, but added that the valuations were "not really cheap".
Powell pushes dollar to three-month high
The blockbuster week of central bank meetings and speakers rolls on later in the day, with the Bank of Canada setting policy and European Central Bank President Christine Lagarde speaking.
Load More
