Hong Kong stocks rose to an almost two-week high as slower growth in US consumer prices bolstered the case for the Federal Reserve to cut interest rates, while investors wait for fourth-quarter economic data that may show a stronger recovery in China.
HONG KONG (AP) — Asian stocks were mixed Wednesday followed Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence the pace of market-boosting rate cuts by the Federal Reserve. U.S. futures and oil prices were little changed. Tokyo’s Nikkei 225 index edged 0.1% higher to 38,505.54.
Hong Kong will launch a new yuan-denominated trade finance scheme and expand the hours and scope of its Bond Connect program for mainland China investors, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority said on Monday.
Massachusetts Senator Peter Durant wants the state to establish a strategic Bitcoin reserve amid global clamor for the coin.
The bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that’s put unwanted downward pressure on the yuan, analysts say.
Asian markets are mostly lower after shares slumped on Wall Street despite better-than-expected reports on the U.S. jobs market and business activity
Global stocks are mixed after Wall Street snapped out of a spell of holiday season blues, with markets in Tokyo and China declining
Asian stocks are mixed after Wall Street snapped out of a spell of holiday season blues, with markets in Tokyo and China declining.
Consumer price index delivers ‘a pleasant surprise’ and suggests ‘gentle easing of persistent inflationary pressures’, investor says.
Hong Kong stocks retreated to an almost four-month low as robust US jobs data pared bets that the Federal Reserve will cut interest rates this year, boosting the appeal of the US dollar and heightening the risk of fund outflows from Asian markets.
It’s increasingly clear that the currency regime, which inevitably ties the city’s lending rates to those of the U.S., is outdated and needs a revamp.
U.S. stock indexes are rallying toward the close of their best week in two months. The S&P 500 rose 1.1% Friday.