Stocks higher ahead of RBA decision; Caixin PMI below 50
Australia’s central bank hikes 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…
Oil volatility could get more intense as Europe’s December deadline approaches
Oil prices are a huge wild card for the global economy, and could be about to get much more volatile as Europe prepares to end seaborne imports from Russia in…
Stocks lower, China’s offshore yuan hits record low
Japanese yen nears 150 against the U.S. dollar The Japanese yen edged close to 150 against the greenback, at levels not seen since August 1990. It was last at 149.94…
Asia-Pacific markets mixed, Hong Kong’s property stocks gain ahead of John Lee’s speech
Hong Kong property stocks rise ahead of annual policy address Shares of Hong Kong-listed real estate companies rose in morning trade ahead of Chief Executive John Lee’s policy address. China…
Asia-Pacific markets fall ahead of U.S. inflation data
Japanese yen’s further weakening shows Tokyo is not ‘drawing the line in the sand’: RBC Capital Japan has sufficient foreign reserves that it could use to defend its currency, but…
Asia-Pacific markets fall ahead of U.S. jobs report
The logo of the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), is displayed at the bourse in Tokyo, Japan, on Friday, Oct. 2, 2020. McKesson Fluoride…
U.S. delivers angry rebuke of massive OPEC+ production cut
Energy analysts believe the deep production cuts could yet backfire for OPEC kingpin and U.S. ally Saudi Arabia. Mandel Ngan | Afp | Getty Images The White House angrily pushed…
OPEC+ imposes deep production cuts in a bid to shore up prices
Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession. Bloomberg | Getty Images A group…
Oil prices could soon return to $100 a barrel, analysts say
An influential alliance of some of the world’s most powerful oil producers is reportedly considering their largest output cut since the start of the coronavirus pandemic this week, a historic…