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Asia-Pacific markets are mostly higher as investors digest the Fed's smaller quarter-point increase

Asia-Pacific markets are mostly higher as investors digest the Fed’s smaller quarter-point increase

Signs of ‘serial acceleration’ in Hong Kong despite economic downturn in 2022: UBP UBB told CNBC’s “Squawk Box Asia” on Thursday that Hong Kong’s economy is “in a position to return to expansion” this year. “We’re seeing signs of a cascading acceleration in January. So that’s good news,” said Carlos Casanova, chief economist for Asia …

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Asian stocks were mostly higher, but Hang Seng fell more than 2% as Alibaba faltered on reports of a headquarters shift

Asian stocks were mostly higher, but Hang Seng fell more than 2% as Alibaba faltered on reports of a headquarters shift

BANGKOK (AP) – Stocks traded mixed in Asia on Monday after Wall Street closed higher on Friday, capping a third week of gains from the last four. Tokyo and Shanghai rose while Hong Kong, Seoul and Sydney fell. Taiwan’s benchmark index jumped 3.8%. Attention was turning to the Fed’s decision on Wednesday on interest rates. …

Asian stocks were mostly higher, but Hang Seng fell more than 2% as Alibaba faltered on reports of a headquarters shift Read More »

Wall Street closed higher, posting a weekly gain as the Fed meeting approaches

Wall Street closed higher, posting a weekly gain as the Fed meeting approaches

Personal consumption expenditures: Inflation subsides along with consumer spending American Express, Visa rise on strong demand Chevron falls after missing earnings estimates Indices rose: Dow 0.08%, Standard & Poor’s 0.25%, Nasdaq 0.95% NEW YORK (Reuters) – Wall Street rallied on Friday, ending a difficult week as economic data and corporate earnings guidance pointed to softening …

Wall Street closed higher, posting a weekly gain as the Fed meeting approaches Read More »

Asia-Pacific stocks traded mostly higher, and the Bank of Japan made no change to the yield range

Asia-Pacific stocks traded mostly higher, and the Bank of Japan made no change to the yield range

Gaming stocks rise after China grants licensing approvals Hong Kong-listed gaming stocks rose after China granted licensing approvals to 88 games, including NetEase, Tencent Holdings and miHoYo, marking a further easing of strict gaming measures in Beijing. shares netease It jumped to 6.81% in early trading, hitting its highest level in more than four months. …

Asia-Pacific stocks traded mostly higher, and the Bank of Japan made no change to the yield range Read More »

Scaramucci Sees Bitcoin Price $50,000-$100,000 Within 2-3 Years With Market Expectations To Go Higher

Scaramucci Sees Bitcoin Price $50,000-$100,000 Within 2-3 Years With Market Expectations To Go Higher

After a tumultuous 2022, cryptocurrency investors are trying to figure out when the next rally for bitcoin could be. Last week, at a cryptocurrency conference in St. Moritz, Switzerland, CNBC spoke to industry insiders who paint a picture of 2023 as a year of caution. bitcoin It is expected to trade within a range, be …

Scaramucci Sees Bitcoin Price $50,000-$100,000 Within 2-3 Years With Market Expectations To Go Higher Read More »

Stocks traded mostly higher in the Asia-Pacific region after a cooler reading of US inflation

Stocks traded mostly higher in the Asia-Pacific region after a cooler reading of US inflation

China’s exports in December fell less than expected China’s exports and imports fell less than expected for the month of December, according to the customs department. China’s exports fell 9.9 percent in December compared to a year ago, in US dollar terms, slightly better than the 10 percent drop predicted by a Reuters poll. Imports …

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Live Stock Market News Updates: Stocks Head Higher as Investors Evaluate Powell's Talk, Fedspeak

Live Stock Market News Updates: Stocks Head Higher as Investors Evaluate Powell’s Talk, Fedspeak

US stocks crept ahead on Tuesday as Wall Street tackled rate hawkish talk from Federal Reserve officials and Chairman Jerome Powell’s remarks at an event hosted by the Riksbank. The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) both rose by a modest 0.2% in afternoon trading after rising at the open and then …

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Kashkari of the Federal Reserve Bank of Minneapolis explains why it lags behind on inflation, and calls for higher interest rates

Kashkari of the Federal Reserve Bank of Minneapolis explains why it lags behind on inflation, and calls for higher interest rates

Minneapolis Federal Reserve Chairman Neel Kashkari said Wednesday that he was wrong to think inflation would “temporarily” stabilize last year, and said further rate hikes would be appropriate this year to further reduce price pressures. “While I think it is too early to definitively declare that inflation has peaked, we are seeing mounting evidence that …

Kashkari of the Federal Reserve Bank of Minneapolis explains why it lags behind on inflation, and calls for higher interest rates Read More »