Asia markets extend rally as Hong Kong eyes record

Asian traders continued their blistering start to the year on Monday with most markets rising and Hong Kong within spitting distance of its record high, while the euro extended its gains against the dollar. Wall Street once again provided a strong lead on the back of optimism about corporate earnings in light of Donald Trump’s tax… Please follow and like us:

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Switzerland rages against EU’s stock exchange ruling

The Swiss government lashed out Thursday at an EU decision to give Switzerland’s stock exchange only temporary access to the bloc’s single market, labelling it discriminatory and “unacceptable”. The European Commission announced on Thursday that it would recognise for just one year the so-called equivalence of Swiss trading venues, which is essential to allow European banks… Please follow and like us:

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Dollar suffers further losses as Fed fails to inspire

The dollar suffered fresh losses on Thursday as Asian investors followed their New York counterparts in shifting out of the unit, unmoved by another interest rate hike and an upbeat assessment of the world’s top economy. The greenback sank after the much-anticipated central bank meeting, which provided little to excite buyers, despite tentative hopes US lawmakers… Please follow and like us:

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Fiat Chrysler earns $1.07B in record 3rd quarter

DETROIT — Fiat Chrysler Automobiles reported earnings of $1.07 billion (910 million euro) in the third quarter, an increase of 50 percent over the same period a year ago. The automaker, which has its U.S. headquarters in suburban Detroit, touted a record third-quarter, citing a drop in expenses related to debt reduction, strong performance in North… Please follow and like us:

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(European Open) – FTSE suffers on sterling rebound; Japanese benchmarks at multi-year highs

FTSE suffers In Asia, the Nikkei 225 added 1.0% to close this week’s trading at its highest since 1996 with the Topix, Japan’s broader equity gauge, gaining 0.5% to finish the week at its highest since 2007. Hong Kong’s Hang Seng rose by 0.1% and the Shanghai Composite advanced by 0.2%. Australia’s S&P/ASX 200 added 0.3%… Please follow and like us:

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Asian markets track Wall St up as US jobs come into view

Asian markets edged up in muted trade on Thursday while the dollar held gains following a third-straight record close on Wall Street and more positive US data. With attention now on the release of US jobs figures on Friday and investors trying to figure out Donald Trump’s pick as the next Federal Reserve boss, there was… Please follow and like us:

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(European Open) – IBEX declining after Catalan vote; European equities mostly gaining, boosted by weaker euro

(European Open) – IBEX declining after Catalan vote; European equities mostly gaining, boosted by weaker euro IBEX declining The Nikkei 225 advanced by 0.2%, whereas the broader Japanese index, the Topix, lost 0.1% on a day when Asian markets, including China, Hong Kong and South Korea were closed for public holidays. Third quarter data released today… Please follow and like us:

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Dollar index hits one-month high ahead of Yellen’s speech; euro sinks to one-month low

Dollar index hits one-month high ahead of Yellen’s speech; euro sinks to one-month low The dollar index The European forex markets on Tuesday continued digesting political uncertainties arising from the German elections, kicking the euro to a one-month low. The dollar, on the other hand, stood tall at a one-month high ahead of Fed Chair Janet… Please follow and like us:

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Google Offers to Display Rival Sites Via Auction – Sources

Alphabet unit Google has offered to display rival comparison shopping sites via an auction as part of an EU compliance order following a landmark fine for favoring its own service, four people familiar with the matter said on Monday. The proposal, submitted to the European Commission on August 29 following a record 2.4-billion-euro ($2.87 billion) penalty,… Please follow and like us:

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Yen under pressure because of risk-on; pound catches breath after major up move

Yen under pressure The yen remained under pressure during today’s trading as market participants were more optimistic on the global outlook. The pound retreated after climbing to its post-Brexit high versus the dollar due to some profit-taking. Yen under pressure because of risk-on; pound catches breath after major up move Safe haven plays such as the… Please follow and like us:

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Strong euro no problem while economy grows: ECB

The European Central Bank believes its long-term support to the eurozone economy will overcome the strong euro’s braking effect on inflation, board member Benoit Coeure said Monday. Compared with previous central bank interventions, monetary policy “will remain more accommodative for longer,” Coeure told a Frankfurt conference, compensating for the impact of the euro’s appreciation. The ECB’s… Please follow and like us:

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Euro presses higher against dollar, Asia markets cautious

The euro extended its gains in Asian trade Friday as traders bet on the European Central Bank winding in its huge stimulus programme, while equity markets ended a volatile week on a cautious note. ECB boss Mario Draghi sent the euro surging past $1.20 for the first time since the beginning of January 2015 by saying… Please follow and like us:

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US dollar losing its luster as safe haven investment

In times of uncertainty or crisis, investors typically take refuge in “safe” options like the Swiss franc, gold or the US dollar, but under President Donald Trump the greenback has lost its luster, especially to the euro. After this week’s North Korean missile launch over Japan raised fears it could trigger a major conflict, the single… Please follow and like us:

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Dollar, most Asia markets rise as US data pip N. Korea concerns

The dollar extended gains and most Asian equities advanced Thursday as strong US growth and jobs data helped traders move past North Korea’s missile test but oil struggled as deadly storm Harvey batters the Gulf Coast. Markets across Asia rallied Wednesday after the previous day’s North Korea-fuelled losses as US President Donald Trump’s apparently measured response… Please follow and like us:

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Euro continues rise while Harvey leaves Wall St mixed

The euro extended its gains on Monday, trading at a two-and-a-half-year high against the dollar as currency traders believed a wind-down in European economic stimulus was not imminent. European stocks also fell while Wall Street was directionless, buffeted in large part by worries over a pounding delivered to US energy infrastructure by Hurricane Harvey. In much… Please follow and like us:

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