Gold was little changed, after falling to a three-week low in the previous session as Treasury yields rose on increased US debt issuance and hot labor-market data. Yields on US 10—year bonds reached their highest since November on Wednesday, with gains spurred by a plan to boost sales of...
Japan's service sector activity expanded at a slightly slower pace in July as new business growth eased and cost pressures remained high, but the overall performance of the sector stayed solid amid the fading impact of COVID-19, a private-sector survey showed on Thursday. The final au...
Tokyo stocks opened lower on Thursday, tracking falls on Wall Street as Fitch's downgrade of US government bonds hit global equities. The benchmark Nikkei 225 index was down 0.94 percent, or 307.05 points, at 32,400.64 in early trade, while the broader Topix index slipped 0.72 percent,...
The U.S. dollar slipped lower in volatile European trade Wednesday, as traders digested Fitch’s downgrade of its U.S. sovereign rating as well as relatively strong economic data. At 03:05 ET (07:05 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,...
U.S. stock futures fell Wednesday morning after Fitch downgraded the U.S.’s long-term rating and traders continued to assess the latest batch of second-quarter earnings results. Dow Jones Industrial Average futures slid by 103 points, or 0.29%. S&P 500 and Nasdaq-100 futures dipped 0.44% and 0.63%, respectively. Fitch...
Hong Kong stocks opened on the back foot Wednesday following a pullback on Wall Street in response to weak factory data and after Fitch cut the United States' AAA credit rating. The Hang Seng Index slipped 0.54 percent, or 108.35 points, to 19,902.77. The Shanghai Composite Index...
Gold rose as Fitch Ratings’ move to strip the US of its top-tier sovereign credit grade buoyed haven demand. Treasury futures climbed Wednesday, portending lower yields. While falling yields typically benefit bullion, which doesn’t offer any interest, that was outweighed by the risk-off sentiment following Fitch’s decision. The precious metal was...
Japan’s unemployment rate fell in June, feeding into optimism that upward pressure on wages may persist and help Bank of Japan Governor Kazuo Ueda achieve his goal of sustainable inflation. The jobless rate fell to 2.5%, the ministry of internal affairs said Tuesday, the lowest since January. Economists...
Hong Kong stocks ended Tuesday slightly lower following a recent rally driven by China's pledges of economic stimulus and hopes the Federal Reserve will not have to hike interest rates again. The Hang Seng Index dipped 0.34 percent, or 67.82 points, to 20,011.12. The Shanghai Composite Index...
The yen extended gains amid speculation Bank of Japan officials may discuss tightening its ultra-loose policy stance at its meeting. USD/JPY fell as much as 0.6% to 138.71 before paring the move to 139.38. FX pair’s implied volatility rises after Nikkei reports that BOJ officials would discuss letting yields rise above...