European markets open to close, earnings, data, central banks

LONDON – European stocks are expected to open in negative territory on Wednesday, giving up gains made in the previous session amid more positive global sentiment. The UK’s FTSE index is expected to open 45 points lower at 7,103, Germany’s DAX 112 points lower at 13,180, France’s CAC 40 down 56 points at 5,906, and … Read more

Australia RBA meeting minutes, oil and currencies

SINGAPORE – Asia-Pacific markets were mostly buoyant in early trade on Tuesday while bitcoin continued to rise after a recent rebound. Meanwhile, Australia’s central bank is poised to release meeting minutes in the morning. Japan’s Nikkei 225 was 1.19% higher in early trade while the Topix rose by 1.2%. The Kospi in South Korea was … Read more

After another big weekly loss, assessing whether stocks are cheap and a buying opportunity is near

Stocks are emphatically on sale, but are they cheap? Markdowns are not always the same as bargains. Much depends on the original price and quality of the goods. And even with last week’s price drops on Wall Street, it’s tough to say yet that the market is broadly cheap. But value seems to be emerging … Read more

Asia stocks mixed as investors react to Chinese economic data releases

SINGAPORE – Shares in China led gains in mixed Asia-Pacific trading on Wednesday following the release of better-than-expected Chinese economic data. The Shanghai Composite in mainland China climbed 1.41% while the Shenzhen Component advanced 1.478%. Hong Kong’s Hang Seng index rose 1.42% as shares of Alibaba jumped 4.64%. Shares of Prada in Hong Kong, however, … Read more

UN chief slams new fossil fuel funding

In remarks delivered to the Austrian World Summit in Vienna via video, Antonio Guterres issued a sobering assessment of the planet’s prospects. “Most national climate pledges are simply not good enough,” he said. Michael M. Santiago | Getty Images News | Getty Images The UN Secretary General has slammed new funding for fossil fuel exploration, … Read more

Asia stocks continue sliding after Monday losses; Alibaba drops more than 5%

Risk assets have plummeted with recession risk rising given the surge in yields and expectations of the Fed doing a Volcker. Tapas Strickland Director of Economics, National Australia Bank Mainland Chinese stocks also declined as the Shanghai Composite fell 0.87% and the Shenzhen Component fell 1.41%. South Korea’s Kospi dipped 1.59%. Australia’s S & P … Read more

Every S&P 500 stock is down on Monday — a rare event on Wall Street

Market sentiment has gotten so bad on Wall Street that investors on Monday were selling everything. Literally. Every single stock in the S&P 500 was down on the day, with the best-performing name being Duke Realty, which teetered around the flatline. The worst-performing S&P 500 component was Signature Bank, which fell more than 14% as … Read more

Asia stocks slip; investors watch for reaction to China’s May inflation data

SINGAPORE – Shares in Asia-Pacific slipped in Friday morning trade as Chinese inflation data for May came in largely in line with expectations. Investors also looked ahead to the release of US inflation data expected later stateside. In mainland China, the Shanghai Composite shed 0.57% while the Shenzhen component dipped 0.466%. Chinese producer inflation in … Read more

The more gasoline rises above $5, the greater risk there is of recession

Gasoline is nearing an average $ 5 per gallon across the US, but while consumers are feeling the pain, prices are not yet at a level that would tip the economy into a recession, economists said. Where that breaking point price lies is unclear. Some suggest it would probably not be just gasoline alone that … Read more

China’s May trade data comes far ahead of expectations

SINGAPORE – Asia-Pacific stocks were mixed in Thursday trade, with investors watching for market reaction to China’s trade data for May that performed above expectations. The Shanghai Composite in mainland China slipped 0.49% while the Shenzhen Component dipped 1.336%. Hong Kong’s Hang Seng index shed around 0.2%. China’s exports jumped 16.9% in May as compared … Read more