Japanese wage growth strengthened less than expected in December while still showing signs of sufficient underlying momentum to keep the Bank of Japan on track to end its negative rate regime in the coming months.
China’s smallest stocks are flashing a warning about the potential downside for the world’s second-largest equity market if Beijing fails to follow through on a highly anticipated rescue campaign.
The US economy is testing bond traders’ faith that the Federal Reserve will deliver a series of interest-rate cuts this year.
Treasuries resumed a selloff and most Asian equities fell after Federal Reserve Chair Jerome Powell said policymakers will likely wait beyond March before cutting interest rates, compounding the effect of Friday’s stronger-than-expected US jobs data.
Oil headed for the biggest weekly loss since early November as negotiations advance for an agreement to pause the Israel-Hamas war in what could be a crucial step toward ending the conflict.
Shares in Asia rose as a rebound in US equities extended into after-hours trading after a set of bumper results from tech giants.
Jerome Powell delivered a clear message to traders eager for the central bank to start slashing interest rates: Not so fast.
China stocks gained on an official signaled potential spending plans, while shares in other Asian markets fell after disappointing US earnings reports and Federal Reserve pushback on interest-rate-cut expectations.
Japan’s factory output rebounded in December, offering further evidence that the sputtering economy has returned to growth, potentially removing a hurdle for the Bank of Japan as it mulls the timing of a likely interest rate hike.
Japan’s labor market showed further signs of tightness in December, driven by a manpower shortage across a swath of sectors in a closely-watched development as companies engage in annual wage negotiations with unions.
Burned by years of underperformance in Chinese domestic stocks, local investor appetite for overseas equities is running so high that it’s fueling huge price distortions in funds tracking these assets.
It’s a busy week for earnings, with Exxon Mobil Corp., Chevron Corp. and Shell Plc kicking off Big Oil’s reporting season and Nucor Corp., Cleveland-Cliffs Inc. and United States Steel Corp. highlighting the metals sector. The OPEC+ monitoring committee a
China’s deflation pressures are likely to continue for at least another six months on weak demand and as the property crisis continues to sap confidence within the economy.
Asian shares fell Friday morning, as optimism over China rescue measures fades and investors parse weak results from Intel Corp.
