WTI Crude (December 22)

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 …

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

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 …

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