Page 171 - Rep News Today

London's blue-chip FTSE 100 edged higher on Tuesday, boosted by a jump in HSBC shares after the lender's quarterly profit tripled, though overall gains were limited by weakness in energy stocks.

Oil prices fell in Asian trade on Tuesday, extending losses seen in the previous session, as weak economic data from China and expectations of a U.S. interest rate increase weigh on the market.

Asian shares wobbled in cautious trade on Tuesday ahead of a series of data releases and central bank meetings, which began with a surprise rate hike in Australia that boosted the local dollar.

The euro dipped after several data points underscored market expectations of a smaller 25 basis point ECB hike this week, while the Aussie dollar leapt over 1% against the dollar on Tuesday after a surprise central bank rate increase.

Gold ticked up on Tuesday on concerns surrounding the U.S. banking crisis and debt ceiling negotiations, while traders also braced for clues on the path of interest rates from the U.S. Federal Reserve's policy meeting.

Money flowing into the People's Republic is getting uncomfortably hot. Chinese equities enjoyed renewed foreign interest since the start of 2023. Yet recent reversals in New York, Hong Kong and Shanghai suggest that is driven by fickle short-term funds – exactly what Beijing doesn’t want.

The pound fell on Tuesday, ignoring data highlighting a few bright spots in Britain's economy, as investors focused more closely on the outlook for UK rates relative to others, after the Reserve Bank of Australia delivered a surprise hike.

Los Angeles, May 2: Reality TV star Kim Kardashian, who was seen walking the Met Gala carpet in a bold pearl ensemble, talked about her upcoming role in American Horror Story: Delicate.

U.S. Fed Chair Jerome Powell at his press conference on Wednesday is likely to get asked - again - what contingencies he plans for in the event of a debt default, and he is likely to say - again - that there is no central bank silver bullet to shield the economy from such a damaging event.

Clobbered regional US banks set a gloomy and defensive tone for Asian markets.