Category: Finance

Global equities surged Thursday and the dollar retreated, as investors wagered the Federal Reserve has reached the end of its 16-month long policy-tightening cycle. The Stoxx Europe 600 index rose 1%, with almost all sectors gaining, and US futures pointed to a strong session on Wall Street. Contracts on the tech-heavy Nasdaq 100 were up … Read More “Stocks surge, dollar slips as peak Fed bets mount: Markets wrap” »

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Stocks in Asia fell as investors trimmed their positions to reduce risks ahead of the Federal Reserve’s rate decision with Chinese equity markets giving up Tuesday’s gains. Hong Kong stocks declined, with technology shares falling over 1%. Equities were also lower in Japan and South Korea. Australian stocks advanced after quarterly inflation came in slower … Read More “Stocks dip as caution prevails before Fed decision: Markets wrap” »

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Chinese shares rallied on optimism that more economic support will come from Beijing, while traders also geared up for a number of key central bank rate decisions later this week. Technology shares in Hong Kong jumped more than 4% while a China property stock gauge was on course to post the biggest gain since December … Read More “Chinese stimulus signals propel stocks to rally: Market wrap” »

Surging prices of tea and coffee kept the price of a fry-up near record levels even as food inflation in Britain finally shows signs of easing. Coffee prices rose 4.7% in June compared with the previous month, with tea not far behind jumping 4.2%, according to the latest Bloomberg Breakfast Index. Prices of some agricultural … Read More “Tea and Coffee keep the cost of an English breakfast over £35” »

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Stocks in Asia traded mixed on fresh signs of labour-market resiliency in the US that may support another Federal Reserve hike in interest rates this year. Shares in mainland China fluctuated, while those in Taiwan and Japan fell. Sentiment soured in the semiconductor sector after Taiwan Semiconductor Manufacturing Co. cut its sales outlook for this … Read More “Stocks, futures mixed on renewed rate-hike worries: Markets wrap” »

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