The dollar held recent gains on Monday as investors tempered some of their expectations for deep U.S. interest rate cuts this month and heightened Middle East tensions supported safe-haven assets.
While currency market focus will mostly center on global central bank decisions scheduled for the next two weeks, investors are also watching for any developments in U.S.-China trade negotiations.
Markets generally expect central banks to either cut rates or keep policy accommodative, starting with...
Hong Kong stocks opened lower Monday morning following a negative lead from Wall Street on fading hopes for a deep Federal Reserve interest rate cut.
The Hang Seng Index eased 0.53 percent, or 153.12 points, to 28,612.28.
But the benchmark Shanghai Composite Index edged up 0.05 percent, or 1.59 points, to 2,925.79 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.14 percent, or 2.26 points, to 1,562.53.
Source : AFP
Tokyo stocks opened lower on Monday as Japan's ruling bloc retained its majority in the upper house election as widely expected, with focus now shifting to corporate earnings this week.
The benchmark Nikkei 225 index was down 0.62 percent or 132.64 points at 21,336.54 in early trade, while the broader Topix index was down 0.59 percent or 9.31 points, at 1,558.10.
Gold prices rose on Monday in Asia after landing a second-straight week of gains as traders expect a U.S. rate cut this month.
Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange inched up 0.1% to $1,427.75 by 12:15 AM ET (04:15 GMT).
The yellow metal was supported by IMF™s comments that the U.S. dollar is overvalued, and U.S. President Donald Trump™s call for lower interest rates.
On Friday, the President accused the Federal Reserve of...
Asia stocks eased on Monday as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following an Iranian seizure of a British tanker lifted crude oil prices.
MSCI™s broadest index of Asia-Pacific shares outside Japan was down 0.1%.
South Korea's shed 0.3%, Australian stocks lost 0.2% and Japan's Nikkei fell 0.5%.
Global equity markets had risen briefly towards the end of last week after dovish comments by New York...