- December 25th, 2024
The US dollar is heading for its most significant weekly decline in three months, as investors reevaluate the so-called "Trump trade" that has fueled its upward trajectory since the US presidential election. The greenback slipped by 0.2% on Friday, extending...
China's real estate market, which has endured a prolonged slump since 2021, is showing signs of potential recovery as recent support measures start to take effect. According to a Reuters poll conducted between November 15-28, home prices are anticipated to...
Oil prices showed mixed movement on Friday as markets reacted to escalating geopolitical tensions in the Middle East and delays in OPEC+ discussions on production policy. Brent crude futures dipped slightly by 7 cents, or 0.1%, to $73.21 a barrel,...
The cryptocurrency market, U.S. Bitcoin exchange-traded funds (ETFs) are poised to record their highest-ever net inflow, fueled by Bitcoin’s meteoric rise toward the $100,000 milestone. A renewed wave of optimism surrounding the digital asset market has been spurred by President-elect...
Inflation in Tokyo accelerated more than anticipated in November, while other economic data aligned with the Bank of Japan’s (BOJ) projections, heightening market speculation of a possible interest rate hike in December. The yen strengthened on the news, as policymakers...
China's factory activity likely expanded modestly for a second consecutive month in November, suggesting that the government’s recent stimulus measures are beginning to take effect. The anticipated uptick offers a glimmer of hope for producers in the world’s second-largest economy,...
Australia’s aviation landscape is poised for a significant transformation as the Australian Competition and Consumer Commission (ACCC) announced on Friday that it has granted Virgin Australia and Qatar Airways interim approval to operate an integrated alliance. This decision allows the two airlines to...
Mitsubishi UFJ Financial Group Inc. (MUFG), Japan’s largest bank, is considering a bid to acquire WealthNavi Inc., a Tokyo-based robo-advisory firm, as part of its broader strategy to enhance its financial technology (fintech) capabilities and tap into the growing online...
The yen soared to a six-week high on Friday, strengthening as much as 1% to 150 per dollar, fueled by unexpectedly robust inflation data in Tokyo. The surge bolstered market speculation of a potential interest rate hike by the Bank...
Asian shares took a downturn on Friday, with the yen on track for its strongest weekly performance in four months. This followed Tokyo’s core inflation data for November, which revealed persistent price pressures and fueled speculation about a potential rate...
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