Global stocks

December 19, 2024 3:25 PM

Global stocks, bond prices fall after Fed sounds cautious, BOJ hold weakens yen

Global stocks around the world tumbled on Thursday, with the 10-year U.S Treasury yield at its highest since May, a day after the Federal Reserve said it would temper the pace of rate cuts, kicking off a busy 24 hours for other central banks. The Bank of Japan took up the market-moving baton on Thursday, keeping rates steady as expected, but the yen weakened as markets took the message from Governor Kazuo Ueda's press conference that a January rate hike was not the done deal they had previo...

August 7, 2024 2:48 PM

Global stocks rebound continues, yen slumps after BOJ talks down rate hikes

European and Asian share markets rose on Wednesday, led by another bounce in the Nikkei, as the Bank of Japan unexpectedly turned cautious on rate hikes amidst market volatility, inducing a sharp fall in the yen. Europe's broad Stoxx 600 index rose 0.8% in early trading, and Nasdaq futures were up 0.9%, having edged lower earlier in the day on a 12% dive in AI darling Super Micro Computer after it missed earnings estimates. The Nikkei's 1.2% rise followed Tuesday's 10% rally, suggesting invest...

June 5, 2024 3:08 PM

Global stocks gain on rate-cut wagers as ECB meeting looms

World shares rose on Wednesday and the dollar steadied with a European Central Bank policy meeting coming into focus following soft U.S. labour market data that firmed up bets of a September rate cut by the Federal Reserve. Worries about a cooling U.S. economy, however, kept a lid on risk appetite. The focus in Asia stayed on Indian markets, with stocks rising after Tuesday's plunge as voting results showed a slimmer-than-expected victory margin for PM Narendra Modi. The ECB meets on Thursday ...

May 31, 2024 10:18 PM

Global stocks lose steam after U.S. data

MSCI's global equities index gave up earlier gains on Friday after data showed modest U.S. inflation in April, while the dollar fell with Treasury yields as investors still bet on Fed interest rate cuts this year. The U.S. Commerce Department said the personal consumption expenditures (PCE) price index, widely seen as the Fed's favored inflation indicator, increased 0.3% last month, in line with expectations and the March increase, while core PCE rose 0.2% compared with 0.3% in March. "The mar...

May 31, 2024 3:15 PM

Global stocks and dollar idle ahead of Fed’s favourite inflation figure

Global shares were little changed on Friday in subdued trading as investors hunkered down for key U.S inflation figures that will shape the Federal Reserve's thinking on interest rates when it meets mid-June. The dollar was steady against peer currencies ahead of the U.S. inflation data. Oil was slightly weaker after Fed officials said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stocks. The MSCI All Country Stock index was flat at 780.9 poin...

May 30, 2024 3:31 PM

Global stocks and bonds steady after rate sell-off

European stocks steadied on Thursday as bonds regained some ground after a sell-off the day before on bets that global interest rates would stay higher for longer due to stickier inflation readings. The dollar softened slightly as U.S. Treasury yields slippedback while commodity prices came under pressure on renewed expectations that the Federal Reserve is unlikely to cut rates any time soon. The latest slowdown in the global risk rally has come on the back of data pointing to lingering inflat...

May 29, 2024 10:14 PM

Global stocks wilt, bond yields jump as investors focus on rates

A global equities gauge fell on Wednesday while benchmark U.S. Treasury yields rose as investors worried about interest rates a day after a weak bond auction and waited for a key U.S. inflation report due on Friday. The dollar held firm, rising against the Japanese yen as placid markets encouraged investors to resume carry trades. MSCI's gauge of stocks across the globe fell 7.54 points, or 0.95%, to 784.91, putting it on track for its biggest daily decline since April 30. "It's the aftermath...

May 24, 2024 3:03 PM

Global stocks slide as rate worries dent risk appetite

Global stocks slipped on Friday after robust U.S. and German economic data bolstered prospects of interest rates staying higher for longer on both sides of the Atlantic. MSCI's global share index, which recently hit intraday highs after a rush into artificial intelligence stocks ignited by strong results from $2.6 trillion chipmaker Nvidia, fell 0.2% and was set for a 0.9% weekly loss. Europe's Stoxx 600 share index was 0.7% lower in early dealings, down 1% over the week. Premier ...

May 22, 2024 3:07 PM

Global stocks slip on inflation jitters

Share markets fell on Wednesday as stronger-than-expected inflation in Britain offset investor hopes that AI-heavyweight Nvidia could meet sky-high expectations, with the market also waiting for possible clues on when the U.S. Federal Reserve will begin to bring down interest rates. European stocks dipped 0.3% in early trading, after earlier being poised for slim gains. Britain's FTSE 100 led losses among regional markets with an 0.6% drop. Inflation in Britain fell by less than expected in Ap...

May 17, 2024 3:26 PM

Global stocks drift, China unveils ‘historic’ steps for property

Global stocks eased on Friday after Federal Reserve officials hinted U.S. interest rates may not fall any time soon, while commodities rallied on the back of optimism over a series of measures in China to stabilise its beleaguered property sector. Data on Wednesday showed cooling US consumer price inflation, prompting markets to price in at least two rate cuts this year. But the excitement soon fizzled out as the latest report showed the that U.S. labour market remains tight, while central bank...