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Asian Shares Slip Amid High Treasury Yields and Strong U.S. Dollar

2024-12-30 | Current Affairs

Asian Shares Slip Amid High Treasury Yields and Strong U.S. Dollar

TODAY’S NEWS Asian stock markets dipped slightly on Monday as high Treasury yields pressured high equity valuations on Wall Street while boosting the U.S. dollar to near multi-month highs. Market activity was subdued ahead of the New Year holiday and a light economic calendar for the week. Key upcoming data include China’s PMI factory surveys […]

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2024-12-24 | Current Affairs

Asia Markets Surge on Easing US Inflation Concerns

TODAY’S NEWS Asian shares surged on Monday thanks to a benign reading on U.S. inflation that restored hopes for potential policy easing next year. There was also relief that Washington managed to avoid a government shutdown. With last week’s central bank decisions behind, the current week is much quieter with only the minutes of a few of those […]

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2024-12-20 | Current Affairs

Senators Urge Biden to Delay ByteDance’s TikTok Sale Deadline 

Two U.S. senators, Democrat Ed Markey and Republican Rand Paul, are calling on President Joe Biden to grant ByteDance a 90-day extension on the January 19 deadline for selling TikTok’s U.S. operations or facing a nationwide ban. The senators emphasized that the legal uncertainties surrounding the case and its potential impact on free speech warrant more time. 

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2024-12-20 | Current Affairs

Amazon Workers Strike at Warehouses During Holiday Rush

Thousands of Amazon.com workers are set to walk off the job on Thursday at 6 a.m. ET (1100 GMT) at several key U.S. warehouses, just days before the peak of the holiday shopping season. The strike was called after union officials accused the e-commerce giant of failing to engage in contract negotiations. 

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2024-12-17 | Current Affairs

Oil Prices Range-Bound Ahead of Fed Rate Decision

Oil prices remained range-bound in early Asian trading on Tuesday as investors awaited direction from the U.S. Federal Reserve’s upcoming interest rate decision and expressed concerns about demand from China. 

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2024-12-16 | Current Affairs

China Home Prices See Slowest Drop in 17 Months

China’s new home prices fell at their slowest pace in 17 months in November, as government stimulus measures aimed at stabilizing the crisis-hit property sector began to take effect. 

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2024-12-13 | Current Affairs

ServiceTitan Hits $9 Billion Valuation in Nasdaq Debut

Shares of ServiceTitan (TTAN.O) surged about 42% in their U.S. market debut on Thursday, propelling the cloud-based software company to a valuation close to USD 9 billion. The company’s shares opened at USD 101 each, significantly above the IPO price of USD 71. 

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2024-12-12 | Current Affairs

Alphabet Shares Soar After Google Unveils Quantum Computing Breakthrough

Alphabet shares surged nearly 5% on Tuesday after Google unveiled its latest quantum computing chip, Willow, which the company claims has overcome a major challenge in the field.

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2024-12-06 | Current Affairs

Asian Stocks Dip Amid South Korea Turmoil

Asian markets edged lower on Friday, driven by political unrest in South Korea and caution ahead of the U.S. nonfarm payrolls report, which could influence expectations for a Federal Reserve rate cut this month. 

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2024-12-05 | Current Affairs

Rate Cut Bets Lift Stocks, Bitcoin Reaches Another All Time High

Asian markets showed mixed performance on December 5, following record highs on Wall Street, fueled by a softer-than-expected U.S. services report that raised optimism about potential interest rate cuts by the Federal Reserve.