Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Singapore CPI"


3 mentions found


Morning Bid: Markets in a holiday mood
  + stars: | 2023-11-22 | by ( Lewis Krauskopf | ) www.reuters.com   time to read: +3 min
REUTERS/Brendan McDermid Acquire Licensing RightsNov 23 (Reuters) - A look at the day ahead in Asian markets from Lewis Krauskopf, markets correspondent. Markets were buoyant ahead of Asia trading and the Thanksgiving holiday in the U.S., with stocks resuming their massive rally this month that has been fueled by hopes of a more benign interest rate backdrop. Japanese markets were also set to be closed for a national holiday on Thursday. While speculation that the Bank of Japan could exit from negative interest rates early next year stands to help stabilize the yen, the Japanese currency still faces strong headwinds. Trading volumes were set to be subdued for the rest of the week with markets in the U.S. closed on Thursday.
Persons: Brendan McDermid, Lewis Krauskopf, Josie Kao Organizations: New York Stock Exchange, REUTERS, Nasdaq, Federal, Nvidia, Amazon, Microsoft, Nikkei, Reuters, Bank of Japan, Singapore CPI, Indonesia Central Bank, Thomson Locations: Santa Claus, New York City, U.S, Lewis, Asia, China, Beijing, Singapore
Asian markets will be waking up to a jolt of central bank rate hikes and looking ahead to a big round of macro data on Friday. The Bank of England surprised many investors on Thursday by raising interest rates by a bigger-than-expected half a percentage point, lifting its main interest rate to 5%, the highest since 2008. England wasn't alone: The Swiss National Bank raised its policy rate and signaled more tightening was likely, while Norway's central bank raised its key policy rate to a 15-year high. In the U.S., Federal Reserve Chair Jerome Powell told a Congressional hearing that the central bank would move interest rates at a "careful pace" from here after pausing hikes at its last meeting. The mood could shift on Friday, as data will give a glimpse into how much central bank tightening is weighing on global growth.
Persons: Lewis Krauskopf, England wasn't, Jerome Powell, Deepa Babington Organizations: Bank of England, Swiss National Bank, Reuters Graphics Reuters, Nasdaq, U.S, Global, Japan CPI, Singapore CPI, Reuters, Thomson Locations: Lewis, U.S, England, Europe, United States, Japan, Malaysia, Singapore
Peaks, valleys and milestones
  + stars: | 2022-09-22 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Florence Lo/IllustrationSept 23 (Reuters) - A look at the day ahead in Asian markets from Lewis KrauskopfA feverish week of central bank activity around the globe has left markets at extremes. Currency prices were rattled after Japan intervened in the foreign exchange market to buy yen for the first time since 1998. Register now for FREE unlimited access to Reuters.com RegisterThe yen surged against the dollar after the intervention. Investors might be excused for wanting to take a breath on Friday, but further digestion of the week's central bank action along with inflation data in Asia and economic readings in Europe could beget more volatility. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Total: 3