Financial Information

Asia FX weakens, dollar near 4-mth high as Trump trade persists

Investing.com– Most Asian currencies weakened on Tuesday, while the dollar traded near a four-month high as traders remained largely biased towards sectors expected to benefit from a second Donald Trump presidency.  The Chinese yuan and the Japanese yen were among the worst-hit by this trade, while risk-driven Asian units were also dented by anticipation of […]

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US dollar and bitcoin advance spurred by Trump tariff expectations

NEW YORK/LONDON (Reuters) -The U.S. dollar rose to a 6-1/2-month high against major peers on Tuesday, while bitcoin pared gains after earlier hitting a record high amid expectations of inflationary import tariffs from Republican President-elect Donald Trump Bitcoin gained 1.88% to $89,683.00, slightly below a new all-time peak of $89,982. Trump has vowed to make the

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As pain from weak yen deepens, Japan’s ex-currency chief Kanda warns of action

TOKYO (Reuters) – Japan will act appropriately against excess movements on the foreign exchange market, former currency chief Masato Kanda told Reuters, issuing a warning as the country continues to feel pain from a weaker yen. Kanda, now a special adviser to Prime Minister Shigeru Ishiba and the finance ministry, said in an interview that

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The European Central Bank cut interest rates for the first time in five years and did not reveal the path of future interest rate cuts

On Thursday (6th), the European Central Bank announced its interest rate decision, cutting interest rates for the first time since 2019. It is the second central bank among G7 member countries to cut interest rates. The Bank of Canada had already cut interest rates on Wednesday, ahead of the UK and the US. The European

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NIOs stock price plummeted by more than 7%. Price cuts caused Q1 gross profit to fall to single digits. Second-quarter delivery guidance

On Friday (7th), the three major Hong Kong stock indexes opened higher. On the market, new car-making forces all fell, with NIO-SW (HK:9866) falling 7.65%, Li Auto-W (HK:2015) falling 2.09%, and Xpeng Motors-W (HK:9868) falling 0.31%. On the news front, NIO announced its first quarter financial report for 2024 last night, with revenue of 9.909

NIOs stock price plummeted by more than 7%. Price cuts caused Q1 gross profit to fall to single digits. Second-quarter delivery guidance Read More »

US stocks before the market: TSMC and Nvidia continue to rise and will hit new highs! Unemployment benefits are slightly higher than expected

Investing.com – Before the market opened on Thursday (6th), U.S. stock index futures remained stagnant as the market awaited the non-farm payrolls report to be released tomorrow. Jobless claims data released earlier came in slightly stronger than expected, adding to confidence that the labor market is slowing, while weaker employment is expected to help moderate

US stocks before the market: TSMC and Nvidia continue to rise and will hit new highs! Unemployment benefits are slightly higher than expected Read More »

Leading the world! The Reserve Bank of India raises its GDP growth forecast to 7.2%, but remains firm on not cutting interest rates

Investing.com – The Reserve Bank of India kept interest rates unchanged on Friday, in line with expectations, but slightly raised its annual growth forecast for the Indian economy thanks to continued strong consumption. The Reserve Bank of India has kept its policy repo rate at 6.5% for the seventh consecutive time, after suggesting that the

Leading the world! The Reserve Bank of India raises its GDP growth forecast to 7.2%, but remains firm on not cutting interest rates Read More »

The US non-farm data for May is coming tonight! How will the Feds interest rate cut prospects play out?

Zhitong Finance APP learned that the US non-farm payrolls report for May will hit on Friday. Investors will use this latest employment data to judge whether the Federal Reserve will ease monetary policy. Economists surveyed by Dow Jones expect that the US non-farm payrolls will increase by 190,000 in May, a slight increase from 175,000

The US non-farm data for May is coming tonight! How will the Feds interest rate cut prospects play out? Read More »

Chinas exports rebounded in May! Growth of 7.6% exceeded expectations, and the surplus expanded to more than US$80 billion

Investing.com – China’s exports grew more than expected in May, boosting its trade surplus much more than expected, thanks to solid industrial output and overseas demand. Exports up 7.6%, imports up just 1.8%China’s exports grew 7.6% year-on-year in May, data from the General Administration of Customs showed, much higher than the expected 6% and a

Chinas exports rebounded in May! Growth of 7.6% exceeded expectations, and the surplus expanded to more than US$80 billion Read More »