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Asian markets on course to end week on positive note

WT24 Desk HONG KONG – Asian equities mostly rose in early trade Friday but gains were slight as investors applied the brakes after recent advances, with debate now focusing on the depth of an expected US interest rate cut, AFP reports. Donald Trump also sparked some unease after having a dig at China byaccusing it of backsliding on a trade ...

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Asian equities rally, dollar extends losses on Fed rate cut bets

WT24 Desk HONG KONG – Asian markets rallied Thursday and the dollar suffered further across-the-board losses after the head of the Federal Reserve all but guaranteed an interest rate cut this month, AFP reports. In the first day of closely watched congressional testimony, Jerome Powellsaid the case for lower borrowing costs “had strengthened” owing to headwinds caused by global trade ...

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Asian markets rise as Fed boss takes centre stage

WT24 Desk HONG KONG – Asian markets mostly rose Wednesday after two days of losses with investors focusing on congressional testimony by Federal Reserve boss Jerome Powell, AFP reports. Fed officials have helped spur a rally in world equities in recent weeks by taking an increasingly dovish tone regards monetary policy, fuelling expectations they would cut borrowing costs sharply to ...

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Stocks Mixed as Tech Gains Offset Industrial Woes: Markets Wrap

Dollar at three-week high before Fed Chair’s House testimony Mexican peso slumps after minister quits; Treasuries slip WT24 Desk U.S. stocks fluctuated as markets braced for an onslaught of central bank news this week. The dollar strengthened to its highest level since mid-June and Treasuries slipped, Bloomberg reports. The S&P 500 Index was little changed Tuesday, with industrial and consumer-staple stocks ...

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Asian markets hit as US jobs data dent hopes for big rate cut

WT24 Desk HONG KONG – Asian markets retreated Monday and the dollar held gains after a blockbuster US jobs report dashed hopes that the Federal Reserve would slash interest rates this month, AFP reports. Labor Department data showed that despite recent disappointing indicators, the world’s top economy continues to show resilience as it created far more posts than expected in ...

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Chinese stocks are a buy even without a trade deal, says top emerging market fund manager

Regardless of what ultimately happens with the China trade tensions, there is a robustness to China that doesn’t exist anywhere else in the emerging markets,” says Lewis Kaufman, manager of the Artisan Developing World fund.The fund has benefited from Kaufman’s bullishness on China. The five-star rated fund has outperformed 98% of its peers over the past three years, returning more ...

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US stocks fall as hiring pickup dims hopes for a rate cut

WT24 Desk Stocks fell broadly and bond yields rose on Wall Street in early trading Friday after the government reported a strong pickup in hiring last month, complicating the Federal Reserve’s decision later this month on whether to lower interest rates, Agencies report. The Labor Department said that employers added a robust 224,000 jobs in June. The pickup in hiring ...

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Asian shares climb after US benchmarks hit record highs

WT24 Desk Tokyo — Shares opened higher in Asia on Thursday, tracking the ascent by major U.S. indexes to record highs, AP reports. The rally follows a slight easing of trade tensions between the U.S. and China after they agreed to refrain from new tariffs pending a new round of negotiations. That has relieved some pressure on markets, though the ...

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Asian shares fall back after S&P 500 hits fresh record high

WT24 Desk Tokyo — Shares fell back in Asia on Wednesday as the euphoria from President Donald Trump’s truce with China’s Xi Jinping on trade faded, AP reports. The retreat followed yet another all-time high for the S&P 500 index. Trading in U.S. markets is subdued ahead of an early closure on Wednesday for the Independence Day holiday. The Shanghai ...

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