Tag: ASIA
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Gold eases but remains on course for quarterly rise
Key U.S. inflation gauge slightly below expectations All precious metals set to gain in March March 31 (Reuters) – Gold prices were on track for a second straight quarterly rise on Friday, as growing bets that the U.S. Federal Reserve will slow the pace of interest rate hikes drew investors to the metal. Spot gold ... -
Stocks climb and U.S. yields fall after inflation dat
Drop in euro zone, U.S. inflation data bolsters market mood Two-year Treasuries enjoy biggest monthly rally since 2008 Euro up 3% this month, yen 2.5% higher, gold surges 8% NEW YORK, March 31 (Reuters) – A gauge of global stocks climbed for a fifth straight day on Friday, with the two-year U.S. Treasury yield set ... -
Dollar to log quarterly drop as rate hike bets recede
SINGAPORE, March 31 (Reuters) – The dollar tracked toward a second consecutive quarterly loss on Friday, as investors see U.S. interest rates close to peaking and expect the dollar’s yield advantage is in decline. A modest boost from a rush to safety around mid-March as banking jitters hit global markets seems to be fading, and ... -
RBA to hike rates 25 bps on April 4 but decision on a knife edge
BENGALURU, March 31 (Reuters) – Australia’s central bank is expected to go for a final 25 basis point interest rate hike to 3.85% on Tuesday, although forecasts from economists polled by Reuters suggest the decision on whether to hike or hold rates is on a knife edge. While inflation in Australia rose to a more ... -
Australian housing may have found a floor, defying crash predictions
Capital cities post first monthly gain in a year, Sydney up 1.4% Auction clearance rate hits highest in a year Possible RBA pause, low listings, rising migration help prices steady Analysts warn of risks ahead, some still expect another 10% fall SYDNEY, March 31 (Reuters) – A year-long slide in Australian home prices is showing ... -
Factbox: LME’s measures to revive its nickel contract
LONDON, March 30 (Reuters) – The London Metal Exchange (LME) on Thursday launched sweeping measures to revive its flagging nickel contract, including plans to cut waiting times and scrap fees for new brands of the metal that can be delivered against its contract. Below is the list of the initiative: – The LME plans to ... -
Morning Bid: World markets leaving March like a lamb
A look at the day ahead in U.S. and global markets from Mike Dolan In like a lion, out like a lamb. Farmers’ almanacs suggest a stormy and turbulent start to March means it’s likely to end calm and serene – and so it appears with world financial markets this year. The surge in stock ... -
Euro rises as inflation takes centre stage, bank fears recede
LONDON, March 30 (Reuters) – The euro rose against the U.S. dollar on Thursday as investors switched focus to inflation for more hints on central banks’ next rate moves, as concerns over the banking sector receded. Inflation is expected to ease significantly in Germany in March on the back of lower energy prices, preliminary data ... -
Australia’s biggest pension funds cut China exposure, buy fossil fuels
SYDNEY, March 30 (Reuters) – Two of Australia’s largest pension funds pulled money out of Chinese stocks and boosted positions in the country’s fossil fuel sector in the final six months of 2022, according to filings published on Thursday. The value of China and Hong Kong listed equities at AustralianSuper and Aware Super, which collectively ... -
Australia’s CBA, Westpac expect rate-hike pause in April; other top banks vary
March 30 (Reuters) – Commonwealth Bank of Australia (CBA) (CBA.AX) expects the country’s central bank to pull brakes next week on one of the most aggressive tightening cycles in decades as data signalled signs of the economy slowing and inflation peaking. Gareth Aird, head of Australian Economics at CBA, sees a 55% probability of the ...
