The dollar extended its losing streak and Treasuries steadied after a rally on further bets the Federal Reserve is almost done with its rate-hiking cycle. The greenback fell for a fourth day and is headed for its worst month since last November as traders turned more optimistic about the likelihood of Fed rate cuts. The … Read More “Dollar set for worst month in a year, yields hold: Markets wrap” »
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Shares in Asia struggled for traction on Thursday after US stocks ticked higher and Treasuries fell on data showing US consumers expect inflation to persist. Equities slid in Australia, while those in Hong Kong and China fluctuated and South Korean shares gave up earlier gains. Japanese markets are closed for a holiday. ADVERTISEMENT CONTINUE READING … Read More “Stocks in Asia rangebound as treasuries decline: Markets wrap” »
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Shares in Asia were mixed while Treasuries fell after declines in European bonds, eroding a November rally in US debt. Oil extended losses. Hong Kong and mainland Chinese equities dropped, reversing Thursday’s rally inspired by Beijing’s widening property rescue campaign. Japanese stocks rose in catch-up play after a national holiday, while those in Australia also … Read More “Asia stocks mixed, treasuries echo Europe sell-off: Markets wrap” »
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Stocks traded within narrow ranges while the dollar hovered near its weakest level in almost three months ahead of national holidays. A gauge for Asian equity benchmarks was mostly unchanged as artificial intelligence stocks slipped following a tepid reaction from investors on Nvidia Corp’s earnings. Futures for European and US stocks were little changed as … Read More “Stocks, dollar see muted trading before holidays: Markets wrap” »
by Fintechnews Africa 21 November 2023 Yellow Card becomes the first fintech on the continent to launch PayPal USD (PYUSD). This new stablecoin from PayPal, issued by Paxos, will open new horizons for digital financial transactions between Africa and the United States. Crypto adoption in Africa is booming – according to a report by Chainalysis, … Read More “Yellow Card Is the First Fintech in Africa to Launch PayPal USD (PYUSD)” »
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Diverging views on oil’s outlook has prompted debate ahead of an OPEC+ meeting in the final weekend of November. China and the the US agreed to step up joint action to tackle climate change in the lead up to a key United Nations meeting. Copper trades are signaling a shaky 2024, while cocoa is soaring. … Read More “Five key charts to watch in global commodity markets this week” »
