Nikkei Japanese stocks dropped as shares went ex-dividend and investors continued to monitor the risk of higher interest rates. Topix fell 1.4% to 2,345.51 as of market close in Tokyo. Nikkei 225 declined 1.5% to 31,872.52. Out of 2,156 stocks in the Topix, 593 rose and 1,499 fell, while...
Inflation in Tokyo slowed for a third straight month in September, supporting the Bank of Japan’s view that prices are set to cool further. Consumer prices excluding fresh food rose 2.5% in the capital, decelerating from 2.8% in August, according to the ministry of internal affairs Friday. Economists...
Japanese equities were mixed as investors await the Friday release of the Fed’s preferred measure of inflation — the personal consumption expenditures price index. Topix Index fell 0.2% to 2,340.90 as of 9:06 a.m. Tokyo time Nikkei advanced 0.1% to 31,920.22 Mitsubishi UFJ Financial Group contributed the most to the...
Gold headed for its biggest weekly decline in eight months, with the higher-for-longer interest rate environment taking its toll on the precious metal. Bullion was steady on Friday after declining for the previous four sessions to below the $1,870-an-ounce mark that analysts had flagged as an important...
Oil was steady near $92 a barrel after dropping the most in eight weeks in the previous session on technical resistance and speculation the Saudis will start restoring output if prices get too high. West Texas Intermediate was subdued after a rollercoaster session on Thursday in which it...
Oil edged higher as a rapidly tightening market outweighed strength in the dollar and a risk-off tone in broader financial markets driven by the likelihood interest rates will stay higher for longer. West Texas Intermediate rose toward $91 a barrel after closing up 0.8% on Tuesday. The premium for near-term...
Japanese equities fell after US consumer confidence hit a four-month low, renewing worries over the world’s largest economy and the impact of higher borrowing costs. Topix Index fell 0.8% to 2,352.84 as of 9:01 a.m. Tokyo time Nikkei declined 1% to 32,007.30 Mitsubishi UFJ Financial Group contributed the most to...
The dollar traded near a 10-month high against its major peers on Wednesday as Treasury yields stayed elevated on the prospect of higher-for-longer U.S. rates, while the yen stumbled towards a closely-watched intervention zone. Sterling slid to a fresh six-month low of $1.2145 in early Asia...
Gold prices are flat in early Asian trade as U.S. Treasury yields surge to multiyear highs amid a recent bond selloff. Investors are adjusting to the expectation that the Federal Reserve is unlikely to ease policy next year, ANZ analysts say in a research note. Meanwhile,...
Bank of Japan policymakers agreed on the need to maintain ultra-loose monetary policy but were divided on how soon the central bank could end negative interest rates, minutes of its July meetingshowed on Wednesday. One member said there was "still a significantly long way to go"...