Asian stocks creep higher amid rate hike fears, China PMIs awaited By Investing.com
Asian stocks creep higher amid rate hike fears, China PMIs awaited
Asian stocks creep higher amid rate hike fears, China PMIs awaited Keep Reading
TOKYO — Japanese stocks are having quite a moment as waves of foreign capital drive the benchmark Nikkei index to 30-year highs. The common explanation for this year’s 30% gain is that a decade of … Keep Reading
Tuesday’s surprise People’s Bank of China (PBOC) interest rate cut signaled the depths of Beijing’s concerns about the slowdown in Asia’s biggest economy. Governor Yi Gang’s team lowered its seven-… Keep Reading
Falling tax revenue causes the Government accounts to dip further into the red for the first 10 months of the financial year Keep Reading
US payrolls data easily beat expectations which provided upward momentum for stocks and higher US Treasury yields. Services ISM unexpectedly fell to 50.3 from 51.9 in April with the prices, new orders and employment subcomponents all falling Keep Reading
New research finds China has surrendered its position as the largest single provider of development finance in South-East Asia in the wake of the COVID-19 pandemic. Keep Reading
Profits at China's industrial firms slumped in the first four months of 2023, official data showed, as companies struggle with margin pressures and soft demand amid a faltering economic recovery. Keep Reading
The Reserve Bank has lifted the Official Cash Rate to 5.5% and says interest rates need to stay higher to sustainably reduce inflation. Keep Reading
The Reserve Bank releases its full Monetary Policy Statement. Keep Reading
The Reserve Bank is now indicating it thinks the falls in house prices will slow during this year and will be about finished by the start of next year Keep Reading
The National leader wanted to see more fiscal responsibility. Keep Reading
The Finance Minister has made a big bet on inflation coming down. Keep Reading
Bank is second this week to say it thinks the Reserve Bank may be underestimating the likely peak of the cash rate. Keep Reading
Beijing regulators are leaning into a seven-week rally in China’s sovereign bond market by widening access to onshore interest-rate swaps. Yet what sounds like a rather technical turn of the screw … Keep Reading
First home buyers benefit from rising incomes in a stalled property market - but only slightly Keep Reading
Simplicity KiwiSaver launches two new KiwiSaver funds, including an aggressive fund. What does this mean for your KiwiSaver investment? Keep Reading
As the nation barrels toward a June 1 deadline to find a resolution, economists and market watchers say the stakes have spiked borrowing costs amid a tanking stock market. Keep Reading
New Zealand wholesale rates curves have suddenly twisted to be as inverted as they were during the GFC. This may last until inflation is beaten Keep Reading
Many consumers would agree that between inflation and tighter credit conditions, this is the worst they’ve felt about their finances since the pandemic swooped in. Keep Reading
The Financial Markets Authority has written to banks about staff incentives after hearing that some banks have reintroduced sales targets. Keep Reading
The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics. Keep Reading
Over in the US, first quarter earnings reporting season has officially kicked off. Despite many US companies facing a raft of challenges between interest r Keep Reading
Investors assessed a weak retail sales report, as well as stronger-than-expected corporate earnings. Keep Reading
But it's not all bad news. Keep Reading
The International Monetary Fund said most countries would avoid a recession in 2023, but again forecast some of the slowest global growth in decades. "Inflation's return to target is unlikely before 2025," it said. Keep Reading
Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Keep Reading
Collected news from the world of investment, insurance, capital markets and financial services. Keep Reading