DIRS.INFO The most relevant business & tech news

☆ Asia shares brace for rate hikes, earnings rush
▼ + stars: | 2023-01-30 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Asia has been no slouch either as China's swift reopening bolsters the economic outlook, with MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) up 11% in January at a nine-month high. "We also look for him to continue to push back against market pricing of rate cuts later this year." "Based on our recent Asia supply chain checks we believe iPhone 14 Pro demand is holding up firmer than expected," they added. Market pricing of early Fed easing has been a burden for the dollar, which has lost 1.5% so far this month against a basket of major currencies. read moreEarly Monday, Brent was up 79 cents at $87.45 a barrel, while U.S. crude rose 66 cents to $80.34.

☆ Here’s what could tip the global economy into recession in 2023
▼ + stars: | 2022-12-29 | by ( Julia Horowitz | ) edition.cnn.com time to read: +5 min

Not everyone agrees the global economy is heading for a recession. Excluding the global financial crisis and the worst stage of the pandemic, that would be the weakest year for the world economy since 2001. Whether a global recession materializes may come down to three factors: what central banks do next, the consequences of China’s nascent reopening and energy prices. What a global recession meansWhether the world falls into recession or not, the next 12 months are likely to be difficult. Even if a global recession is averted, many countries could still endure downturns accompanied by painful rises in unemployment, though economists don’t agree on how severe and long they might last.

☆ Asia shares pin hopes on China opening, oil rallies
▼ + stars: | 2022-12-05 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

The news helped oil prices firm as OPEC+ nations reaffirmed their output targets ahead of a European Union ban and price caps on Russian crude, which kick off on Monday. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.2%, after rallying 3.7% last week to a three-month top. Markets are wagering Fed rates will top out at 5% and the European Central Bank around 2.5%. read moreCentral banks in Australia, Canada and India are all expected to raise their rates at meetings this week. Oil prices bounced after OPEC+ agreed to stick to its oil output targets at a meeting on Sunday.

But neither incoming hard economic numbers nor many senior policymakers have fully bought into the recession idea just yet. But not all think a soft landing is out of the question. JP Morgan's Bruce Kasman said his "baseline" is the lagged effect of Fed tightening does eventually drag the U.S. economy into recession late next year. But he also said it was a "mistake to rule out a soft landing scenario." by Mike Dolan, Twitter: @reutersMikeD; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ Asia share markets fret on China COVID outbreaks, Fed outlook
▼ + stars: | 2022-11-21 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

"But for central banks to pause they also need clear evidence that labour markets are easing," he added. read moreEarly Monday, the dollar was a touch softer at 140.26 yen , after last week's bounce from a low of 137.67. The U.S. dollar index stood at 106.900, off last week's trough of 105.300. read moreIn commodity markets, gold was a fraction firmer at $1,751 an ounce , after dipping 1.2% last week. Oil futures were trying to find a floor after last week's drubbing saw Brent lose 9% and WTI roughly 10%.

☆ Shares and bonds chastened as Fed, ECB urge care
▼ + stars: | 2022-11-14 | by ( Lawrence White | ) www.reuters.com time to read: +5 min

Meanwhile dovish comments from European Central Bank policymaker Fabio Panetta saw European bond yields ease, but short-dated rates remained within striking distance of multi-year highs. Panetta said the ECB needs to avoid overtightening as that could destroy productive capacity and deepen a recession. The benchmark European STOXX index rose 0.26% (.STOXX), and MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.6%, after jumping 7.7% last week. The dollar index was last seen on Monday at 106.86, still well short of last week's 111.280 top , while the euro eased a touch to $1.032 , after climbing 3.9% last week. The firming dollar also dragged down oil prices, despite the hopes of a demand boost from China's hints at reopening.

☆ Shares and bonds chastened as Fed urges caution
▼ + stars: | 2022-11-14 | by ( Lawrence White | ) www.reuters.com time to read: +5 min

The benchmark European STOXX index rose 0.15% (.STOXX), and MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.5%, after jumping 7.7% last week. EYES ON CHINAChinese stocks gained on reports that regulators have asked financial institutions to extend more support to stressed property developers. The support for China's property sector, which consumes a vast amount of metals, boosted copper towards a five-month high. The dollar index was last seen on Monday at 107.15, still well short of last week's 111.280 top , while the euro eased a touch to $1.02875 , after climbing 3.9% last week. The firming dollar also dragged down oil prices, despite the hopes of a demand boost from China's hints at reopening.

☆ Shares mixed on Fed warning, China acts on property
▼ + stars: | 2022-11-14 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

read moreWaller added the markets were well ahead of themselves on just one inflation print, though he did concede the Fed could now start thinking about hiking at a slower pace. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 1.1%, after jumping 7.7% last week. read moreThe news on COVID rules had stoked a short-covering bounce in the yuan, which added to broad pressure on the dollar as yields dived. The dollar index was up a fraction on Monday at 106.920 , but still well short of last week's 111.280 top. Reporting by Wayne Cole; Editing by Shri Navaratnam and Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Asia shares pause as Fed warns against exuberance
▼ + stars: | 2022-11-14 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

read moreWaller added the markets were well ahead of themselves on just one inflation print, though he did concede the Fed could now start thinking about hiking at a slower pace. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.2%, after jumping 7.7% last week. read moreThe news on COVID rules had stoked a short-covering bounce in the yuan last week, which added to broad pressure on the dollar as yields dived. The dollar's recent retreat provided a much-needed fillip to commodities, with gold up at $1,768 an ounce after jumping over $100 last week. Oil futures extended their gains with Brent up 86 cents at $96.85, while U.S. crude rose 80 cents to $89.76 per barrel.

☆ Asia shares mixed on Fed warning, China hopes
▼ + stars: | 2022-11-14 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

read moreWaller added the markets were well ahead of themselves on just one inflation print, though he did concede the Fed could now start thinking about hiking at a slower pace. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.8%, after jumping 7.7% last week. read moreThe news on COVID rules had stoked a short-covering bounce in the yuan last week, which added to broad pressure on the dollar as yields dived. The euro eased a touch to $1.0324 , after climbing 3.9% last week, while the dollar firmed to 139.27 yen following last week's 5.4% drubbing. The dollar's recent retreat provided a much-needed fillip to commodities, with gold holding at $1,763 an ounce after jumping over $100 last week.

☆ U.S. stocks slip as China sticks to pandemic policy
▼ + stars: | 2022-11-07 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

"With China going into winter, most analysts think a change in zero-COVID is unlikely until at least March." A little of that reversed on Monday, with the Aussie down 0.4% at $0.6440 after jumping 3% on Friday. The dollar was just a shade former on the yen at 146.77 yen , while the euro eased a fraction to $0.9944 . Markets are now waiting on Chinese trade data due later in the session for a guide on global demand. Oil futures lost some of their gains with Brent off $1.66 at $96.91, while U.S. crude dropped $1.85 to $90.76 per barrel.

☆ Asia stocks resilient as Wall Street slips, China trade disappoints
▼ + stars: | 2022-11-07 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

"With China going into winter, most analysts think a change in zero-COVID is unlikely until at least March." A little of that reversed on Monday, with the Aussie down 0.7% at $0.6421 after jumping 3% on Friday. S&P 500 futures dipped 0.2%, while Nasdaq futures lost 0.3%. EUROSTOXX 50 futures lost 0.2% and FTSE futures 0.6% amid reports the UK government was planning tax rises and spending cuts. Oil futures lost some of their recent gains with Brent off $1.07 at $97.50, while U.S. crude dropped $1.26 to $91.35 per barrel.

☆ U.S. stocks dip, dollar up as China sticks to pandemic policy
▼ + stars: | 2022-11-06 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

"With China going into winter, most analysts think a change in zero-COVID is unlikely until at least March." It also sent the yuan surging and triggered a round of profit taking on long U.S. dollar positions, particularly against commodity sensitive currencies such as the Australian dollar. The U.S. dollar index bounced 0.4% having dived almost 2% at the end of last week. Median forecasts are for annual CPI inflation to slow to 8.0% and for the core to dip a tick to 6.5%. Oil futures lost some of their gains with Brent off $1.79 at $96.78, while U.S. crude dropped $1.71 to $90.90 per barrel.

☆ Stocks slip in Asia, brace for CPI and earnings
▼ + stars: | 2022-10-10 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

read more read moreHolidays in Japan and South Korea made for thin trading in Asia, while the Treasury market is also shut on Monday. "The September CPI report should show a moderation in goods prices that is a likely harbinger of a broader slowing in core inflation," he said. "But the Fed will not be responsive to a whisper of inflation moderation as long as labour markets shout tightness." One likely bone of contention will be the strength of the dollar which will pressure offshore earnings. Oil prices edged higher after Brent climbed 11% last week in the wake of a deal on supply reductions by OPEC+.

Search resuls for: "Kasman"

14 mentions found