Stay updated with breaking news from Wayne Cole. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Australian and New Zealand dollars were looking vulnerable on Thursday after a China-inspired rally was punctured by upbeat U.S. manufacturing data that bolstered the U.S. dollar. ...
That felt like a long wait for a two-page policy statement, and in the end the Bank of Japan (BOJ) hardly altered anything. With that in mind, the median board member forecast for consumer prices (CPI) ex-fresh food in fiscal year 2024 did drop to 2.4%, from 2.8% last October. The forecast then falls to 1.8% for fiscal 2025, while CPI ex-fresh food and energy is put at 1.9%.
A look at the day ahead in European and global markets from Wayne Cole That felt like a long wait for a two-page policy statement, and in the end the Bank...
SYDNEY (Reuters) -Asian shares tracked Tokyo higher on Monday as AI hype helped the tech sector ahead of a week brimming with central bank meetings, major economic data and corporate earnings. Chip stocks have been on a roll since Taiwan Semiconductor Manufacturing (TSMC) upgraded its profit outlook last week on booming demand for high-end chips used in AI applications. Nasdaq futures extended their rally with gains of 0.7%, while S&P 500 futures firmed 0.3%.
While Chinese shares were again starved of stimulus, Japanese stocks need no such help, hitting a fresh 34-year peak on Monday for the seventh time so far this year and bringing the Nikkei's gains for January to almost 9%. Analysts at Bank of America argue that the Nikkei is benefiting from the "anywhere-but-China" bid and from investors having been structurally underweight Japan, which is 5.5% of the MSCI All Country World Index now compared with 44% at its previous peak in 1989. For Chinese stocks, however, the central bank likely set the tone for the week by keeping policy ...