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Dow, S&P 500, Nasdaq Decline Amid Hot Inflation Data, AI Selloff: CRWV, NBIS, NVDA, IBRX Stocks In Focus
Red-hot inflation data, triggered by soaring energy prices, weighed heavily on markets on Wednesday....
Global tech sell-off deepens as Asian markets tumble
AI-related stocks in South Korea and Japan suffer after Wall Street falls on hot US inflation...
KOSPI Opens 7% Down After Hot US CPI and AI Doubts Grow
South Korea's KOSPI opened sharply lower and slid 7% after hot US inflation data and AI doubts, exte...
United Kingdom Retail Sales ex-Fuel (YoY) below expectations (3.3%) in July: Actual (2.3%)
United Kingdom Retail Sales ex-Fuel (MoM) registered at -0.9%, below expectations (-0.5%) in July
52.9: India's HSBC Manufacturing PMI falls in August
The preliminary reading of India’s HSBC Manufacturing Purchasing Managers Index (PMI) declined to 52.9 in August versus 53.5 prior, the latest data published by S&P Global and HSBC Bank showed on Frid ...
Morning briefing: US Dollar weakness continues to drive currency movements
Dollar weakness continues to drive currency movements today. Dollar Index remains bearish toward 98.50–98.00, supporting upside in EURUSD, Aussie and Pound, while Dollar-Yen may stay capped below 160.
Australian Dollar gains ground above 0.7100 as US debt concerns weigh on US Dollar
The AUD/USD pair gains traction to near 0.7135 during the Asian trading hours on Friday. The US Dollar (USD) weakens against the Australian Dollar (AUD) and is set for a weekly loss as traders viewed ...
Japanese Yen flatlines after CPI inflation report
The USD/JPY pair holds steady near 159.05 during the early Asian session on Friday. Growing speculation that the Bank of Japan (BoJ) could raise interest rates next month offsets the weaker Gross Dome ...
Australia S&P Global Composite PMI down to 52.5 in August from previous 53.2
Australian Dollar weakens as US yields rebound, PMIs fail to impress
The Australian Dollar retreated against the Greenback on Thursday as US bond yields resumed their advance, despite the US Treasury's efforts to cap elevated yields following its announcement of a long ...
South Korean Won: Rally accelerates with foreign inflows – DBS
DBS strategist Chang Wei Liang reports that South Korean Won (KRW) strength has resumed, with USD/KRW dropping to the mid-1380s even as KOSPI fell nearly 6% on semiconductor-led losses.
Japanese Yen underperforms as elevated Oil prices weigh, US Dollar recovers
USD/JPY rebounds on Thursday, recovering most of the previous day’s losses as the US Dollar (USD) stages a modest recovery after falling to a three-month low. At the time of writing, USD/JPY trades ar ...
British Pound climbs as UK inflation keeps BoE hike bets alive
The Pound Sterling advances on Thursday during the North American session, up 0.25% after US economic data revealed that the labour market remains solid, despite a weaker Nonfarm Payrolls in July. The ...
US Dollar: Debasement worries weigh after buyback – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the US Dollar (USD) is extending losses to its weakest level since mid-June as markets react to the US Treasury’s decision to double bond buy ...