Nervy end to volatile week, yen eyes breakthrough

Nervy end to volatile week, yen eyes breakthrough

A look at the day ahead in Asian markets. Investors in Asia close out a choppy week hoping for calm on Friday but wary that U.S. growth fears are bubbling just under the surface and that...
September 05, 2024 at 05:51 pm EDT
OPEC+ agrees to delay October oil output hike for two months, sources say

OPEC+ agrees to delay October oil output hike for two months, sources say

OPEC+ has agreed to delay a planned oil output increase for October and November after crude prices hit their lowest in nine months, three sources from the producers' group told Reuters on Thursday. ...
September 05, 2024 at 10:26 am EDT
Cable news channel Newsmax confidentially files for US IPO

Cable news channel Newsmax confidentially files for US IPO

-Conservative U.S. cable news channel Newsmax said on Thursday it had confidentially filed for an initial public offering in the United States. The U.S. IPO market is on a rebound with...
September 05, 2024 at 08:53 am EDT
China urges US to 'immediately' lift all tariffs on Chinese goods

China urges US to 'immediately' lift all tariffs on Chinese goods

The United States should immediately lift all tariffs on Chinese goods, the Chinese commerce ministry said on Thursday, ahead of an announcement by the Biden administration on expected hikes in levies...
September 05, 2024 at 03:52 am EDT
Foxconn says August revenue +32.81% y/y, performance to further improve in Q3

Foxconn says August revenue +32.81% y/y, performance to further improve in Q3

Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, on Thursday reported revenue for August rose 32.8% year-on-year. Performance in the...
September 05, 2024 at 03:50 am EDT
S&P 500 could see 5% earnings hit from Harris' proposed tax reforms, says Goldman Sachs

S&P 500 could see 5% earnings hit from Harris' proposed tax reforms, says Goldman Sachs

U.S. Vice President and Democratic presidential candidate Kamala Harris' proposed corporate tax hike ahead of the November Presidential elections could lower earnings for companies on the benchmark...
September 05, 2024 at 02:21 am EDT
Jittery markets now 50-50 on 50 bps cut from Fed

Jittery markets now 50-50 on 50 bps cut from Fed

A look at the day ahead in Asian markets. Investors in Asia are bracing for a wave of top-tier economic data releases on Thursday, as they continue to process this week's market...
September 04, 2024 at 05:50 pm EDT
Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

If producer group OPEC+ doesn't reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countries, Citi said...
September 04, 2024 at 10:17 am EDT
Futures slip on economic growth worries ahead of labor data

Futures slip on economic growth worries ahead of labor data

Futures tied to Wall Street's main indexes slipped ahead of labor data expected later on Wednesday as worries lingered about the health of the U.S. economy. Wall Street's main indexes...
September 04, 2024 at 06:33 am EDT
Foreigners retreat from Asian equities on doubt over tech valuations

Foreigners retreat from Asian equities on doubt over tech valuations

Overseas investors aggressively withdrew from Asian tech stocks in August, as they turned pricey after their recent rally and doubts emerged about the profitability of AI investments. ...
September 04, 2024 at 03:25 am EDT
US gasoline slumps to near 3-year low on end of driving season, oil slump

US gasoline slumps to near 3-year low on end of driving season, oil slump

U.S. gasoline futures fell nearly 6% on Tuesday to their lowest since December 2021, as the end of the driving season weighed on demand for the motor fuel amid a sell-off in the broader oil market. ...
September 03, 2024 at 03:25 pm EDT
US LNG exports rebound in August on higher output from Freeport LNG

US LNG exports rebound in August on higher output from Freeport LNG

Exports of U.S. liquefied natural gas bounced higher in August as output from the country's second-largest export facility rose following an outage and maintenance activities at other plants wound...
September 03, 2024 at 01:29 pm EDT
China to pitch green tech exports to African leaders as Western curbs loom

China to pitch green tech exports to African leaders as Western curbs loom

China will urge a summit of 50 African nations in Beijing this week to take more of its goods, before Western curbs kick in on its exports such as electric vehicles and solar panels, in exchange for...
September 01, 2024 at 01:07 pm EDT
Chance of a golden autumn for equities - Dax 'overheated' in the short term

Chance of a golden autumn for equities - Dax 'overheated' in the short term

After a volatile August, the chances of a golden autumn for equities are good. According to investment expert Robert Halver from Baader Bank, investors are currently worried about missing out. They...
August 30, 2024 at 09:33 am EDT
Record highs abound, except in usual place

Record highs abound, except in usual place

A look at the day ahead in U.S. and global markets from Mike Dolan Record stock market highs have lit up across the world once again - though not yet for the usual suspects in the S&P500...
August 30, 2024 at 06:05 am EDT
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