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China rally runs on hope; bonds bet on slowdown
Updated : Aug 29, 2023

China rally runs on hope; bonds bet on slowdown

China has halved stock trading stamp duty, loosened margin loan rules, put the brakes on new listings and approved new retail funds in recent days -- signalling, at least, resolve to steady the market even if it does little to support the sputtering economy.

Wall Street ends higher as investors await US inflation, jobs data (Photo: AP)
Updated : Aug 29, 2023

Wall Street ends higher as investors await US inflation, jobs data

Goldman Sachs gained 1.8% after the lender struck a deal to sell an investment advisory business to wealth management firm Creative Planning LLC.

 The index was also set to snap three straight weeks of losses.
Updated : Aug 25, 2023

Wall St inches higher in choppy trade as traders analyze Powell's speech

While inflation has come down from its peak, Powell said, it still remains high and policymakers would "proceed carefully" in deciding further interest rate moves.

Jackson Hole meeting: The message from the Fed chief Jerome Powell tonight will be keenly watched for any clues on the future trajectory of interest rates in the US.
Updated : Aug 25, 2023

US Fed Jackson Hole meeting: What stock market expects from Jerome Powell speech today

Jackson Hole meeting: The Fed chief is unlikely to indicate that the rate hiking cycle is coming to an end, said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Japan's Nikkei tumbled 2%, with Nvidia supplier Advantest the biggest drag, crashing almost 10%.
Updated : Aug 25, 2023

Stocks swoon, dollar firms as Powell speech looms

US yields stabilised below 14-year highs. Crude oil found its footing around one-month lows, but remained on course for a second weekly decline amid a firmer dollar and simmering China-centred worries about global growth.

Asia stocks track Wall Street rally as treasury yields retreat
Updated : Aug 24, 2023

Asia stocks track Wall Street rally as treasury yields retreat

Early in the Asian trading day, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7%, also lifted by Nvidia's bullish outlook.

Wall Street gains with focus on Nvidia's high-stakes results
Updated : Aug 23, 2023

Wall Street gains with focus on Nvidia's high-stakes results

Nvidia gains ahead of quarterly results; Peloton drops on missing positive cash-flow target

Is Pharma back on growth track? Here's why Axis Securities is betting on Lupin, Cipla and Aurobindo Pharma
Updated : Aug 23, 2023

Is Pharma back on growth track? Here's why Axis Securities is betting on Lupin, Cipla and Aurobindo Pharma

Axis Securities is betting on Lupin, Cipla and Aurobindo Pharma with up to 19 per cent upside potential.

U.S. stocks ended lower on Thursday after news that the Bank of Japan will allow long-term interest rates to rise sent U.S.
Updated : Jul 28, 2023

Wall Street closes down, Dow snaps longest winning streak since 1987

Higher rates in Japan pushed the U.S. 10-year yield over 4% and reduced the attractiveness of stocks.

Private credit in Asia has been ramping up
Updated : Jul 21, 2023

Asia's private credit markets thrive as desperate borrowers find lenders

Besides property developers, borrowers thronging private markets include privately-held companies and start-ups whose private equity issuance has been stymied by broader stock market swings and the deepening discounts of their valuations, known as a 'down round' in the industry.

One of Berkshire's portfolio managers invested in Activision in late 2021, with Buffett boosting the stake to nearly 10% in 2022.
Updated : Jul 18, 2023

Buffett cut Activision stake before judge approved Microsoft merger

The Activision investment was a form of arbitrage, with Buffett viewing investors as too pessimistic that regulators would approve combining Microsoft's Xbox gaming console business with the publisher of the "Call of Duty" and "Candy Crush" franchises.

China's central bank rolled over maturing medium-term policy loans and kept the interest rate unchanged
Updated : Jul 17, 2023

China rolls over medium-term policy loans, rate unchanged

The economic recovery has lost momentum after an initial burst in the first quarter, prompting monetary authorities to lower key policy rates last month.

Additional interest rate hikes are needed to bring down inflation that is still too high, but the end to the U.S. central bank's current monetary policy tightening cycle is getting close
Updated : Jul 11, 2023

Wall St ends up; investors digest Fed official comments

Investors are anxious to see if price pressures are continuing to moderate. That could shed light on the interest rate outlook, with many traders expecting the Fed to raise interest rates by 25 basis points this month.

People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S.
Updated : Jul 04, 2023

Explainer: U.S. yield curve hits deepest inversion since 1981: What is it telling us?

"It's not unusual to get a yield curve inversion but it is unusual to get one of this magnitude. We haven't seen one like this in quite a while," said Brian Jacobsen, senior investment strategist at Allspring Global Investments.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S
Updated : Jul 04, 2023

Wall St ends slightly higher in shortened session, Tesla jumps

"You have got a lot of people that are just not in the market today," said Chuck Carlson, chief executive at Horizon Investment Services in Hammond, Indiana. "Nobody is really placing any big bets on either side of the market right now."

Among private banks, ICICI Bank remained on the weaker side while IndusInd Bank is witnessing buying interest from traders, Bagaria said.
Updated : Jun 26, 2023

Directionless Nifty Bank has support at 42,780 level, says Sumeet Bagadia

Nifty Bank looks choppy and non-directional for the time being until 42,780 or 44,500 is taken out.

US Fed policy outcome: Nomura analysts sees a ‘hawkish pause’ but said that would unlikely to dampen market sentiment. It believes the terminal rate may have been reached.
Updated : Jun 14, 2023

US Fed policy outcome at 11.30 pm; a pause on the cards, say stock market analysts

US Fed policy announcement: Manish Chowdhury Head of Research at Stoxbox said the calls for a rate pause have got louder following a sharp slowdown in consumer price inflation released this week.

Wall St falls ahead of debt ceiling vote; Fed hike worries persist
Updated : May 31, 2023

Wall St falls ahead of debt ceiling vote; Fed hike worries persist

A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday

Wall Street ends higher, dollar climbs on solid data, debt ceiling progress
Updated : May 19, 2023

Wall Street ends higher, dollar climbs on solid data, debt ceiling progress

US crude dropped 1.33% to settle at $71.86 per barrel, while Brent settled down $1.10, or 1.43%, at $75.97.

Asian shares mixed as China growth worries crimp US debt ceiling optimism
Updated : May 19, 2023

Asian shares mixed as China growth worries crimp US debt ceiling optimism

China shares fell 0.61%, while Hong Kong's Hang Seng index dropped as much as 1.8%, dragged down by tech stocks after Alibaba Group Holding Ltd, reported a lower-than-expected 2% rise in quarterly revenue.

S&P 500 futures ESc1 slipped 0.2%, while Nasdaq futures NQc1 fell 0.3%.
Updated : May 15, 2023

Asian shares braced for China data, Fed speakers

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.16% lower, while Japan's Nikkei bucked the trend with a gain of 0.5%, building on the optimism from last week during the earnings season.