Australian dollar/US dollar spot exchange rate

Hong Kong Stocks Extend Gains After Last Session's Rally;  Asian markets mixed ahead of Fed decision

Hong Kong Stocks Extend Gains After Last Session’s Rally; Asian markets mixed ahead of Fed decision

Oil futures rise after industry report on falling US crude inventories Oil futures prices rose on Wednesday after industry reports showed a drop in U.S. crude inventories over the past week, Reuters reported, citing figures from the American Petroleum Institute on Tuesday. Brent futures gained $1.31, or 1.46%, to settle at $95.87 a barrel, while …

Hong Kong Stocks Extend Gains After Last Session’s Rally; Asian markets mixed ahead of Fed decision Read More »

Hong Kong Stocks Extend Gains After Last Session's Rally;  Asian markets mixed ahead of Fed decision

Hong Kong Stocks Extend Gains After Last Session’s Rally; Asian markets mixed ahead of Fed decision

Oil futures rise after industry report on falling US crude inventories Oil futures prices rose on Wednesday after industry reports showed a drop in U.S. crude inventories over the past week, Reuters reported, citing figures from the American Petroleum Institute on Tuesday. Brent futures gained $1.31, or 1.46%, to settle at $95.87 a barrel, while …

Hong Kong Stocks Extend Gains After Last Session’s Rally; Asian markets mixed ahead of Fed decision Read More »

Australia rises 25bps as expected, Hong Kong stocks lead gains in Asia-Pacific markets

Australia rises 25bps as expected, Hong Kong stocks lead gains in Asia-Pacific markets

Australia’s central bank raises rates by 25 basis points as expected The Reserve Bank of Australia raised interest rates by 25 basis points to 2.85%, in line with the average analyst forecast in a Reuters poll. This is the seventh consecutive tightening by the RBA in an effort to control inflation in the country. The …

Australia rises 25bps as expected, Hong Kong stocks lead gains in Asia-Pacific markets Read More »

Hong Kong shares rise more than 3% after ending October at lowest levels since mid-2009

Hong Kong shares rise more than 3% after ending October at lowest levels since mid-2009

Hang Seng loses more than 14% in October Asia-Pacific Market Performance in October Market Monthly performance Performance since the beginning of the year Australian S&P ASX 200 6.01% -7.81% Japan Nikkei 225 4.5% -5.86% Kospi from South Korea 6.23% -23.1% Shanghai Composite in China -4.33% -20.5% Hong Kong’s Hang Seng -14.55% -37.1% Mainland China and …

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Asia-Pacific stocks mixed as China's factory and service businesses contract

Asia-Pacific stocks mixed as China’s factory and service businesses contract

Goldman Sachs expects Fed rates to peak at 5% Goldman Sachs economists expect the Federal Reserve Funds Rate to peak at 5%, after raising its central bank rate hike forecast by 75 basis points at the next meeting this week. Economists led by Jan Hatzius said in a Saturday note they were adding another 25 …

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Asia-Pacific markets are generally lower as the yen nears 150 against the US dollar

Asia-Pacific markets are generally lower as the yen nears 150 against the US dollar

DoubleLine Capital’s Gundlach says Treasury yields could peak before the end of the year DoubleLine Capital CEO Jeffrey Gundlach said U.S. Treasury yields “may well peak by the end of the year.” “Note how flat the long term is,” he said in a tweet, following a list of current yield levels. “Sign of exhaustion of …

Asia-Pacific markets are generally lower as the yen nears 150 against the US dollar Read More »