Tag: IER

  • Asian stocks are gaining as fears of rapid rate hikes from the Fed and the banking crisis fade

    SINGAPORE, March 15 (Reuters) – Asian stocks rose sharply on Wednesday, following a relief rally on Wall Street and as US inflation data delivered no nasty surprises, hopes were bolstered that the Federal Reserve is likely to go for a smaller rate hike when it meets next week . Investors piled back into stocks in […]

  • The number of job openings in the US is still high as the labor market remains tight

    The number of vacancies fell by 410,000 to 10.8 million in January Fewer employees voluntarily quit their jobs The number of layoffs has increased and was higher than initially thought in 2022 WASHINGTON, March 8 (Reuters) – US job vacancies fell less than expected in January and data for the previous month was revised upwards, […]

  • Oil Sets on Hope in Chinese Demand, Post Weekly Gains

    Oil benchmarks settle at highest level in 3 weeks Report UAE may leave OPEC ‘far from the truth’, sources say Chinese data, record US exports support oil prices Dollar falls; analysts see more weakness in the next 12 months BENGALURU, March 3 (Reuters) – Oil prices recovered from a brief sell-off to rise more than […]

  • Wall Street rally, on course for weekly gains as Treasury yields fall

    Indexes set for weekly gains S&P 500 breaks through 50-day moving average Indexes up: Dow 0.85%, S&P 1.29%, Nasdaq 1.66% NEW YORK, March 3 (Reuters) – Wall Street moved ahead on Friday towards the end of an up and down week as US Treasury yields fell and economic data helped investors see past the growing […]

  • Wall Street heads to a weak open as interest rates rise again

    Novavax collapses when it detects doubts about continuity Kohl’s slides after gloomy forecast ISM factory activity data at 10am ET Futures Down: Dow 0.19%, S&P 0.19%, Nasdaq 0.13% March 1 (Reuters) – Wall Street’s major indices were expected to come under pressure on Wednesday, with equity futures reversing early gains as higher Treasury yields offset […]

  • Stocks soar as China’s factories roar back from COVID

    China PMI highest since April 2012; 52.6 versus 50.5 expected Hong Kong Leads Asian Equity Rise; dollars slip Treasuries were under pressure but held steady as the US ISM survey looms SINGAPORE, March 1 (Reuters) – Asian stocks bounced off a two-month low and headed for their best day in seven weeks on Wednesday, as […]

  • Factory activity in China stuns with fastest growth in a decade

    Feb official manufacturing PMI highest since April 2012 Non-manufacturing PMI highest since March 2021 BEIJING, March 1 (Reuters) – Manufacturing activity in China grew at its fastest pace in more than a decade in February, an official index showed on Wednesday. This exceeded expectations as production whizzed after the lifting of COVID-19 restrictions late last […]

  • S&P, Dow fall as resilient economic data fuels rate hike fears

    Nvidia hits 10-month high with optimistic sales forecast Netflix slips in report on price cuts Weekly jobless claims fall; GDP grows by 2.7% in the fourth quarter Indices: Dow down 0.3%, S&P dip 0.02%, Nasdaq up 0.06% Feb 23 (Reuters) – Wall Street was mostly lower in choppy trading on Thursday, with the S&P 500 […]

  • Asian equities fall on fears of aggressive hikes from central banks

    HONG KONG, Feb. 22 (Reuters) – Asian stocks fell to a 47-day low on Wednesday as heightened interest rate prospects and geopolitical tensions weighed on risky assets. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) fell 1.02%, reaching its lowest level since January 6. Japan’s Nikkei (.N225) fell 1.32%, its worst performance in about […]

  • Asian stocks fall, dollar rally put on hold as Fed watched

    SINGAPORE, Feb. 21 (Reuters) – Asian stocks fell on Tuesday as the prospect of the US central bank having to stay on its aggressive path weighed on sentiment, with investors looking to the minutes of the Federal Reserve’s latest meeting for further indications of monetary policy. MSCI’s broadest index of Asia-Pacific equities outside Japan (.MIAPJ0000PUS) […]