Asian markets struggle as traders weigh geopolitical tensions
Hong Kong: Asian investors struggled Wednesday to track a positive lead from Wall Street as they assess the prospect of an escalation in the Russia-Ukraine war, Donald Trump’s second presidency and the outlook for US interest rates. They were also keenly awaiting the release of earnings from chip behemoth Nvidia later in the day, which…
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Dollar sits atop one-year peak as Powell sends yields up, China data mixed
The U.S. dollar was poised for big weekly gains on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European futures in the red. Asian shares looked to end a brutal week on a steadier note, helped by Chinese data retail…
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Asian markets struggle to maintain momentum after Fed cut
Hong Kong, Nov 08, 2024 -Asia’s markets rally stuttered Friday after early gains as traders struggled to keep up with another Wall Street record following the Federal Reserve’s interest rate cut, while they were also weighing the outlook with another Trump administration. Traders were also awaiting the end of a week-long meeting of key Chinese…
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