By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asia is set for a cautious ...
- A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
Australia's economy is expected to have grown at a faster quarter-on-quarter rate of 0.3% than the 0.2% registered in the January-March period, and at a 1.8% annual rate, which would be down from 2.3% in Q1. The flip side of that was another leg up for the U.S. dollar. There are still three trading days left this week but if the dollar index closes in the green it will mark an eighth weekly rise in a row, matching the longest winning run since December 2014-January 2015.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marketmind: Oil, yield spike takes wind out of market sailsAsia is set for a cautious open on Wednesday after a jump in oil prices to their highest level this year and resulting spike in bonds yields on Tuesday helped take some of the froth out of local stock markets that had built up recently. Australia's economy is expected to have grown at a faster quarter-on-quarter rate of 0.3% than the 0.2% registered in the January-March period, and at a 1.8% annual rate, which would be down from 2.3% in Q1. These figures come a day after the Reserve Bank of Australia held its key cash rate on hold at 4.10% for a third month and indicated that its tightening cycle could be over, triggering a sharp sell off in the Australian dollar.
Read more »
Marketmind: Aussie rate decision, Asian markets on a rollBy Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Australia's central bank grabs ...
Read more »
Veteran Oil Consultant Says $100 Oil Is in Sight as China Takes to the SkiesOil prices still have upside from here because of booming travel in China and restricted supply from OPEC+, according to Gary Ross, a veteran oil consultant turned hedge fund manager at Black Gold Investors LLC.
Read more »
Marketmind: Try to top that one, AsiaBy Stephen Culp (Reuters) - A look at the day ahead in Asian markets from Stephen Culp, financial markets journalist. Asian markets have a tough act to ...
Read more »
Marketmind: Asia mood lifts as China's small steps add upAsian stocks have extended last week's rally, led by China shares, amid talk that all of Beijing's small policy steps might actually add up to real stimulus at some stage. Japanese shares have also been doing well, with the Topix marking a 33-year high in the wake of data showing recurring profits at Japanese companies hit a record in the second quarter. Companies are holding an astonishing 555 trillion yen ($3.80 trillion) of earnings in reserve, which is more than the entire 447 trillion market capitalisation of the Topix.
Read more »
Asia Oil Latest: Trafigura Says Its China Oil Business Is Strong(Bloomberg) -- The outlook for oil prices, crude demand in top importer China, and the longevity of OPEC+ supply cuts are set to be among the key topics at Asia’s biggest gathering of the industry’s traders and executives, which kicked off in Singapore on Monday.Most Read from BloombergDiamond Prices Are in Free Fall in One Key Corner of the MarketMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadershipBurning Man Death Under Probe With Thousands Still StrandedZelenskiy Says He’s Removing
Read more »