China PMI data, stocks, currencies, oil

SINGAPORE – Chinese markets rose on Thursday as government data showed factory activity grew in June, but most other Asia-Pacific indexes fell. Mainland China’s markets traded higher. The Shanghai Composite advanced 0.37%, and the Shenzhen Component gained 1%. The Hang Seng index in Hong Kong was up 0.13%. Shares of artificial intelligence software company SenseTime … Read more

U.S., G-7 nations block gold imports from Russia in new sanctions against Putin

The Treasury Department on Tuesday announced that the US and a handful of key economic allies will prohibit imports of Russian gold, Moscow’s largest export outside of the energy sector. The expanded sanctions represent the latest effort by the US and its Group of Seven partners to target Russian President Vladimir Putin and alienate the … Read more

Asia markets: Stocks, earnings currencies, oil

SINGAPORE – Shares in the Asia-Pacific region were mixed on Tuesday as investors weigh economic concerns. Hong Kong’s Hang Seng index fell 0.86%, while the Hang Seng Tech index slipped 1.67%. Technology investor Prosus NV will sell some of its stake in Tencent to fund a stock buyback of itself and parent Naspers, the Dutch … Read more

Goldman says buy the pullback in oil and other commodities

Commodities’ blistering rally has cooled in recent weeks as recession fears hit the outlook for future demand, and Goldman Sachs believes the pullback is a buying opportunity. Jeff Currie, Goldman’s global head of commodities research, told “Squawk Box” on Monday that the setup across the energy sector is “incredibly bullish.” “At the core of our … Read more

Currencies, oil, Wall Street, stock debut

SINGAPORE – Shares in the Asia-Pacific region were higher on Friday as investors weigh recession fears. Hong Kong’s Hang Seng index jumped 1% in early trade, with the Hang Seng Tech index rising 1.7%. Logistics company GoGoX climbed as high as 22.90 Hong Kong dollars ($ 2.92) in its stock market debut in the city. … Read more

OPEC+ to stick to oil supply boost plan as Biden heads to Saudi Arabia, sources say

US President Joe Biden salutes as he boards Air Force One en route to Delaware Air National Guard Base from Joint Base Andrews, Maryland, May 13, 2022. Elizabeth Frantz | Reuters OPEC and allied producing countries including Russia will likely stick to a plan for accelerated oil output increases in August, sources said, hoping to … Read more

recession fears, oil prices, currencies

SINGAPORE – Shares in the Asia-Pacific were higher on Thursday as investors continued to monitor recession concerns. Hong Kong’s Hang Seng index jumped 1.15% in early trade, with the Hang Seng Tech index rising nearly 2%. Mainland Chinese markets traded higher. The Shanghai Composite was up 0.16%, and the Shenzhen Component was 0.64% higher. The … Read more

5 things to know before the stock market opens Tuesday, June 21

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to bounce after S&P 500’s worst seek since 2020 The sign for Wall Street is seen with US flags outside the New York Stock Exchange. Yuki Iwamura | Afp | Getty Images Dow futures … Read more