All articles tagged with #central bank meetings
Asian stocks reached record highs on optimism over a potential US-China trade deal, with major indices like Nikkei crossing 50,000 and MSCI Asia-Pacific hitting a peak, amid hopes of easing trade tensions and upcoming central bank meetings. Investors are also focused on US megacap earnings and global economic signals, while safe-haven assets like gold declined.
The euro rose slightly following a US-EU trade framework agreement that reduced tariff threats, with investor focus shifting to upcoming central bank meetings and corporate earnings, while Ethereum hit a high since December 2024 amid positive market sentiment.
Asian stocks declined slightly ahead of a crucial week with U.S. tariff deadlines and central bank meetings, while the dollar gained strength. Markets are optimistic about trade deal progress, but political uncertainties and upcoming economic data keep investors cautious. Key earnings reports and policy decisions from the Fed, BOJ, and ECB are expected to influence markets further.
Asian stocks surged to record highs following the US Federal Reserve's indication of sticking with its interest rate cut plans, with gold prices and benchmarks in Tokyo and Taipei also reaching record levels. The US dollar slightly decreased, and traders raised their expectations for a US rate cut in June. Central bank meetings in Switzerland, Norway, Britain, and Turkey are scheduled, while the prospect of rate cuts weighed on the dollar and lifted the yen from near multi-decade lows. Additionally, the Australian dollar jumped to a one-week high after a strong jobs report, and Brent crude futures rose on supply concerns.
Asian stocks rose and the dollar eased as investors remained cautious ahead of the release of the US inflation report, which is expected to show inflation cooling but staying above the Federal Reserve's target. The focus is on comments from Fed Chair Jerome Powell and the central bank's dot plot and economic projections. European stock markets are expected to have a muted open. Central bank meetings are scheduled for this week, including the European Central Bank, Bank of England, Norges Bank, and the Swiss National Bank. The Japanese yen strengthened as expectations of the Bank of Japan walking away from negative rates faded. Gold prices edged higher, while US crude rose.
Most Asian stocks rose slightly as investors awaited central bank meetings this week, while Chinese shares plummeted due to continued signs of disinflation. Positive cues from Wall Street and stronger-than-expected US retail sales data provided some resilience to the world's largest economy, reducing expectations of early interest rate cuts by the Federal Reserve. Japan's Nikkei was the best performer, recovering from steep losses, while broader Asian markets were cautious due to concerns over China and upcoming central bank meetings. Chinese stocks hit four-year lows as disinflation persisted, indicating little pick-up in economic activity. Indian stocks are set to retreat from record highs after crossing the $4 trillion valuation mark, driven by optimism over the fastest-growing major economy and a crucial state election victory for the ruling BJP party.
Asian stock markets drifted lower as investors await a week filled with central bank meetings and U.S. inflation data that could impact expectations for rate cuts next year. The Federal Reserve is expected to hold rates steady this week, but the focus will be on the dot plots for rates and Chair Jerome Powell's press conference. The European Central Bank, Bank of England, Norges Bank, and the Swiss National Bank also have meetings this week. Investors are cautious, and the MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.7%. The Treasury market faces a test with $108 billion in new supply, and currency markets are watching the yen and euro. Gold prices fell after the jobs report, while oil prices remained steady.
Asian stocks slipped as investors awaited a pivotal week filled with central bank meetings and US inflation data that could impact expectations for rate cuts next year. The Federal Reserve is expected to hold rates steady this week, but the focus will be on the dot plots for rates and Chair Jerome Powell's press conference. The European Central Bank, Bank of England, Norges Bank, and the Swiss National Bank also have meetings this week. Investors are cautious, and the MSCI Asia-Pacific index outside Japan eased 0.65%. The market will also be watching the COP28 climate summit and the outcome of a deal to phase out fossil fuel use.
Gold and silver prices are slightly higher due to safe-haven demand amid the Israel-Hamas war and the potential for a wider Middle East conflict. The focus this week is on central bank meetings of the Federal Reserve, the Bank of England, and the Bank of Japan. The U.S. dollar index is slightly down, while crude oil prices are weaker. Technical analysis shows that gold and silver bulls have the near-term advantage.
Asian stock markets were mixed as concerns over Israel's push into Gaza and the upcoming central bank meetings in the US, UK, and Japan weighed on investor sentiment. The earnings season continues with Apple, Airbnb, McDonald's, Moderna, and Eli Lilly & Co among the companies reporting this week. The S&P 500 retreated into correction territory, and there is uncertainty about the Bank of Japan's yield curve control policy. The rise in US Treasury yields has convinced analysts that the Federal Reserve will keep rates unchanged. Job figures are expected to show solid growth in US payrolls, while the Bank of England is expected to stay on hold. Oil prices eased despite the Middle East tensions.
Most Asian stocks rebounded on Friday as technology shares recovered some of their losses from earlier in the week, aided by easing Treasury yields. However, most regional indexes were still on track for weekly losses due to uncertainty over the Israel-Hamas war, rising yields, and anticipation of upcoming central bank meetings. South Korea's stock market was among the worst performers, while Japanese tech stocks weighed on the index. Hong Kong's market showed some improvement, but remained close to an 11-month low. Chinese shares performed better on hopes of stimulus measures, while Australia's market tracked optimism over China. Sentiment remained negative overall due to anticipation of the Federal Reserve meeting next week, with any hawkish signals likely to lead to further stock market losses.
Asian equities edged higher, while the dollar weakened as traders awaited economic data that could provide insights into the next moves by the US Federal Reserve. Oil prices rebounded after concerns arose about the Israel-Hamas conflict escalating into a broader conflict in the oil-exporting region. The MSCI Asia-Pacific index outside Japan rose slightly, but remains down for the month. Investor attention will be divided between earnings reports from major companies and a slew of economic data ahead of the Fed's meeting. China shares remained under pressure, while the yield on the 10-year US Treasury note rose. The dollar softened against a basket of currencies, and bitcoin surged on speculation of a possible exchange-traded fund.
Asian equities experienced a slight dip as traders awaited a busy week of central bank meetings. The market volatility was driven by uncertainty surrounding the global economy and the potential impact of central bank decisions.
Asian shares fell as investors braced for a week packed with central bank meetings, including the Federal Reserve and the Bank of Japan. The dollar remained firm, and oil prices were close to 10-month highs. Chinese property developers listed in Hong Kong tumbled after China Evergrande Group experienced a 20% plunge due to police detaining some staff at its wealth management unit. The focus this week will be on the updated economic and rates projections from the Fed, as well as any indications from the Bank of Japan about its ultra-loose policy.
European markets were mixed as investors reacted to the inconclusive results of Spain's election and anticipated a busy week of corporate earnings and central bank meetings. Fresh data indicated a slowdown in business activity in France, Germany, and the UK, heightening recessionary risks in Europe. The European Central Bank is expected to announce a rate hike and provide guidance on inflation-fighting efforts. Meanwhile, Asian markets were also mixed, with Japan's Nikkei 225 gaining on positive business activity data. US futures were flat ahead of the Federal Reserve's policy meeting and a week of corporate results. In the UK, economic activity slowed in July, while euro zone bond yields fell after weak PMI data. Stocks on the move included Bavarian Nordic, Ocado, Julius Baer, and Vodafone.