Asian stocks flat, Chinese markets rise on recovery hopes Most Asian stocks moved little on Monday tracking hawkish comments from Federal Reserve officials, while Chinese markets outperformed as the People’s Bank maintained medium-term lending rates ahead of a swathe of economic readings. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rose about 0.8% each […]
Gold prices rose for a fourth straight session on Friday following more signs that U.S. inflation was easing, while persistent fears of a 2023 recession also underpinned safe haven demand for the yellow metal. Data on Thursday showed that U.S. producer price index inflation grew at a slower pace in March, coming a day after […]
Gold prices rose past key levels on Wednesday, boosted by safe haven buying after Minneapolis Federal Reserve President Neel Kashkari flagged a potential recession this year, with focus also turning to more U.S. economic cues due later in the day. Kashkari said that rising interest rates and a slowdown in lending after the collapse of […]
The EIA is an annual event that honors outstanding coaches in the world of sports. It recognizes coaches who have made significant contributions to their respective sports and have had a lasting impact on the lives of their athletes. The EIA is usually hosted by various organizations, such as the John R. Wooden Award and […]
An investing strategy designed to hedge against market declines is rebounding after a rough year, but its success may hinge on whether inflation continues to ebb in coming months. So-called 60/40 portfolios typically allocate 60% of their assets to stocks and the rest to bonds, though proportions tend to vary. The strategy counts on the […]
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U.S. stock futures were trading slightly higher during Tuesday’s evening deals, after the major benchmark indices posted a negative session amid consolidation after JOLTs job openings data fell to a 2-year low. By 6:55pm ET (10:55pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each trading 0.1% higher. In extended deals, […]
Credit Suisse will face shareholder anger on Tuesday at what will be its final annual general meeting after the bank was rescued last month by Swiss rival UBS. The hastily-arranged takeover by Zurich-based UBS, for which Switzerland invoked emergency legislation, bypassed Credit Suisse shareholders, who would otherwise have had a say, and largely wiped out […]
Most Asian stocks crept higher on Monday as risk appetite persisted on softer-than-expected U.S. inflation readings from the prior week, although a spike in oil prices saw markets remain wary of a potential resurgence in inflation over the coming months. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rose 0.9% and 0.6%, respectively, buoyed […]
A senior Volkswagen AG (OTC:VWAGY) China executive reiterated on Saturday the German automaker’s commitment to quickening the pace of electrification in the world’s second largest economy despite issues such as intensified competition and weak demand. VW plans to increase the number of charging posts in China for electric vehicles to 17,000 by 2025, as it […]