NEW YORK: The United States (US) economy expanded at an annualised rate of 4.3 per cent in the third quarter, marking its fastest growth in two years and significantly exceeding market expectations, according to data released by the Commerce Department on Tuesday. Read More: Trump claims historic Gaza peace, hails US economic boom The stronger-than-expected performance […]
Federal Reserve
Wall Street rebounds as inflation data and Micron lift market
NEW YORK – U.S. stock market closed higher on Thursday after an encouraging inflation report eased investor concerns and raised hopes that the Federal Reserve may continue cutting interest rates next year. Strong earnings from Micron Technology also helped stabilise artificial intelligence (AI) stocks after recent declines. Read More: AI chip demand to drive up […]
Global markets face subtle tremors in Japan, US and Europe
Global markets are showing early signs of potential disruption across Japan, the United States, and Europe, with implications for currencies, policy, and investor flows in the months ahead. Analysts say these shifts, while subtle, could have significant ripple effects. Read More: Global markets disrupted after CME outage In Japan, the low-yield environment has made the yen […]
Yen rises, Kiwi jumps as central banks signal policy shifts
SINGAPORE – The Japanese yen strengthened on Wednesday after reports suggested the Bank of Japan (BOJ) is preparing markets for a possible interest rate hike as early as next month. Meanwhile, the New Zealand dollar surged following hawkish signals from the Reserve Bank of New Zealand. Read More: Dollar rises as yen faces intervention According to sources familiar with […]
Crypto market wipes out $1 trillion amid Bitcoin crash
NEW YORK: The crypto market has plunged sharply over the past six weeks, erasing nearly $1 trillion in value, marking one of the worst months in the history of digital assets. Read More: Bitcoin plunge deepens as crypto market crashes Bitcoin, the leading cryptocurrency, reached an all-time high of $126,000 in early October before falling to $81,000 […]
Dollar rises as yen faces intervention
SINGAPORE — The U.S. dollar is on track for its strongest weekly performance in over a month as investors bet the Federal Reserve is unlikely to cut rates next month, following a mixed U.S. jobs report. The delayed September nonfarm payrolls showed employment growth accelerated, but the unemployment rate climbed to 4.4%, the highest in […]
Dollar steadies as hopes of US government reopening ease growth concerns
SINGAPORE – The U.S. dollar held steady in early Asian trading on Monday, supported by signs that Congress may be moving closer to a deal to reopen the federal government, even as weak economic data revived global growth concerns. The dollar index, which measures the greenback against six major currencies, rose 0.2% to 99.740, ending […]
Asian markets rebound as strong U.S. data boosts investor confidence
SINGAPORE – Asian stock markets rebounded on Thursday, recovering from a sharp selloff in the previous session, as upbeat U.S. economic data restored investor confidence and drew buyers back into markets trading near record highs. Data released on Wednesday showed the U.S. services sector reached an eight-month high in October, while private payrolls rose by […]
Dollar climbs to near three-month high
SINGAPORE – The U.S. dollar strengthened to a near three-month high on Monday as investors awaited key economic data releases this week to assess the health of the U.S. economy and the Federal Reserve’s next move on interest rates. The yen remained under pressure, hovering near an eight-and-a-half-month low, weighed down by a wide interest […]
Dollar hits two-week high as global trade talks and Fed decision loom
TOKYO — The U.S. dollar climbed to its highest level in more than two weeks against the yen on Monday, kicking off a busy week dominated by high-stakes trade meetings and central bank decisions. The greenback rose 0.2% to 153.12 yen, its strongest since October 10, as investors braced for a packed agenda of global […]