Britain’s jump to Reaganomics gets thumbs down from the markets

Truss has now set the country on an economic path that is completely at odds with most, if not all, of the major global economies. Hannah Mckay | Reuters LONDON — New British Prime Minister Liz Truss may have talked a lot about ‘trickle-down economics’ during her campaign this summer, but no one could have … Read more

From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in the financial markets:

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that the battle with inflation could lead to much higher interest rates and a recession. The sell-off was global on Friday, in a week in … Read more

Shares fall; Singapore, Malaysia inflation

An electronic board displays stock information on the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Tuesday, February 6, 2018. Brendon Thorne | Bloomberg via Getty Images Shares in Asia-Pacific fell Friday as investors continue to weigh in on the Federal Reserve’s aggressive stance. In Australia, the S&P/ASX 200 fell 2.28% on … Read more

Turkey cuts interest rates again as country struggles with inflation

The number of Russian tourists to Europe dropped dramatically during the summer, but rose in several other destinations, including Turkey (here). Onur Dogman | Sopa images | Light rocket | Getty Images Turkey’s central bank surprised markets again with its decision Thursday to cut its key interest rate, despite inflation in the country soaring above … Read more

Fed hike, Bank of Japan, interest rates, currencies

British pound continues to fall, hovering around 37-year low The British pound fell further in morning trading in Asia, reaching $1.1217, its lowest level since 1985. The currency has lost ground against the US dollar this year as economic concerns mount. Analysts are divided on whether the British central bank will raise interest rates by … Read more

Fed Interest Rates, Wall Street, Currencies, Yields

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, November 30, 2020. Toru Hanai | Bloomberg via Getty Images Shares in Asia-Pacific opened lower on Wednesday, following Wall Street’s negative lead ahead of the Federal Reserve’s expected rate hike. Japan’s Nikkei 225 fell 1% in early trading, … Read more

Asia-Pacific Markets Will Trade Mixed As Japan’s Core Inflation Rises – CNBC

Asia-Pacific Markets Will Trade Mixed As Japan’s Core Inflation RisesCNBC USD/JPY trading at support as APAC markets appear higher on Japanese inflationDailyFX AUD/USD May Recover as Chinese Lockdowns Ease for FOMC, BoJDailyFX See full coverage on Google News

Hong Kong stocks suffer losses; Fed, BOJ meeting this week

China’s yuan has room to weaken further in the near term, says Goldman Sachs There is still room for the Chinese yuan to weaken further, economists at Goldman Sachs said after both the onshore and offshore yuan plunged last week to their lowest levels since July 2020. “We expect CNY weakness to continue in the … Read more

Hong Kong stocks suffer losses; Fed, BOJ meeting this week

China’s yuan has room to weaken further in the near term, says Goldman Sachs There is still room for the Chinese yuan to weaken further, economists at Goldman Sachs said after both the onshore and offshore yuan plunged last week to their lowest levels since July 2020. “We expect CNY weakness to continue in the … Read more

Shares fall, Chinese yuan passes 7 level

Pedestrians cross a road in front of an electronic listing board displaying the stock prices of companies on the Tokyo Stock Exchange in Tokyo on May 13, 2021. KAZUHIRO NOGI | AFP via Getty Images Shares in Asia-Pacific fell Friday as investors digest US economic data and look ahead to the release of China’s industrial … Read more