Southeast Asian Stocks to Offer Shelter Amid Trump Threat
As global markets brace for the impact of renewed U.S. trade threats, Southeast Asian stocks are gaining attention as a haven for investors. The region’s relatively stable economic outlook and robust domestic demand have shielded its equities from the volatility rattling major markets. Analysts note that diversified trade links and proactive fiscal policies in countries […]
Oil Falls as Dollar Surges on Fed Outlook for Fewer Rate Cuts
Oil prices retreated on Wednesday as a stronger U.S. dollar weighed on the commodity, following the Federal Reserve’s signal of fewer rate cuts in 2024. Brent crude fell by 1.5% to $77.62 per barrel, while WTI dropped 1.8% to $73.45, marking their lowest levels in two weeks. The Fed’s outlook, emphasizing elevated interest rates to […]
Bank of Japan expected to keep rates unchanged, setting stage for a hike early next year
The Bank of Japan (BoJ) maintained its ultra-loose monetary policy, leaving interest rates unchanged during its latest meeting. While the decision aligns with its long-standing stance to support economic growth, rising inflation levels are driving speculation about a potential rate hike early next year. Analysts point to mounting price pressures and stronger wage growth as […]
South Korea prepares FX stability and liquidity measures
South Korea has unveiled new measures to enhance foreign exchange stability and ensure liquidity in its financial markets. The government plans to strengthen its monitoring mechanisms and prepare interventions to shield the economy from external shocks, particularly in light of recent global market volatility. This decision comes as emerging markets, including South Korea, brace for […]
Equities report: Fed decision and inflation data to wrap up 2024
U.S. equities are set to close out 2024 with heightened volatility as markets await key signals from the Federal Reserve’s final policy meeting and November inflation data. Investors remain on edge, with expectations split between a possible rate hold or a surprise hike, as inflation pressures persist despite slowing economic growth. Fed Chair Jerome Powell […]
NZD/USD faces selling pressure below 0.5650 as New Zealand’s GDP falls 1.0% in Q3
The NZD/USD pair remains under pressure, trading below 0.5650, as New Zealand’s economy posted a significant contraction in the third quarter. The country’s GDP fell by 1.0%, a stark reversal from prior growth, raising concerns about the nation’s economic trajectory and potential for a recession. The unexpected GDP drop highlights weaknesses in key sectors, amplifying […]