JPMorgan predicts $6 gasoline by the end of the summer

Consumers are already feeling pinched at the pump with gas prices at record levels, and it could be about to get worse, according to JPMorgan. The firm forecasts the national average surging above $ 6 come August, topping out at $ 6.20 for a gallon of regular gasoline. If these prices come to fruition, JPMorgan … Read more

China benchmark lending rate, Wall Street losses

SINGAPORE – Shares in the Asia Pacific markets rose on Friday, with Hong Kong stocks leading gains as a volatile trading week comes to a close. The Hang Seng index jumped 2.2% in early trade and was last up 1.85%, while the Hang Seng Tech index spiked 3.55%. Chinese stocks listed in Hong Kong traded … Read more

Fuel prices are a problem for business and consumers — Why costs are so high

A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as billboards announce that gas now costs $ 4, or $ 5, … Read more

5 things to know before the stock market opens Wednesday, May 18

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as inflation claims another retailer Traders on the floor of the NYSE, May 17, 2022. Source: NYSE US stock futures dropped Wednesday as rising inflation slammed another retailer. Target sank more than 20% in … Read more

Asia stocks mixed; Japan’s first quarter GDP data released

SINGAPORE – Shares in Asia-Pacific were mixed Wednesday morning following overnight comments from US Federal Reserve Chairman Jerome Powell, who said he’s resolved to raise rates until inflation comes down. The Nikkei 225 in Japan rose 0.7% while the Topix index traded 0.67% higher. Japan’s economy shrank 1% on an annualized basis in January-March as … Read more

Hong Kong’s Hang Seng index leads gains as Asia-Pacific stocks rise

SINGAPORE – Shares in Asia-Pacific were largely higher in Tuesday morning trade, with Hong Kong stocks leading gains regionally. The Hang Seng index surged 1.72% in morning trade as Chinese tech stocks jumped. Tencent rose 3.26% while Alibaba soared 4.79% and Meituan gained 3.18%. The Hang Seng Tech index traded 3.42% higher. Mainland Chinese stocks … Read more

5 things to know before the stock market opens Monday, May 16

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to open slightly lower after 7 straight weeks of selling Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 13, 2022. Brendan Mcdermid | Reuters US … Read more

China economic data, Covid, inflation

SINGAPORE – Shares in the Asia Pacific rose on Monday as investors watched for a slew of Chinese economic data. Japan’s Nikkei 225 gained 1.54%, while the Topix advanced 0.93% in early trading. The Kospi in South Korea rose 0.46%, and the Kosdaq was 1.43% higher. In Australia, the S & P / ASX 200 … Read more

5 things to know before the stock market opens Tuesday, May 10

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to rise after S&P 500 hits lowest level in over a year Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 22, 2022. Brendan McDermid | … Read more

Tech stocks in Asia fall dragging down Hong Kong’s Hang Seng by nearly 3%

SINGAPORE – Shares in Asia-Pacific fell during Tuesday morning trade after heavy losses overnight on Wall Street that saw the tech-heavy Nasdaq Composite dropping more than 4%. Hong Kong’s Hang Seng index, returning to trade following a Monday holiday, fell 3% in early trade on Tuesday morning. Hong Kong-listed shares of Chinese tech firms dropped, … Read more