Asian Shares Retreat Ahead Of Central Bank Meetings

RTTNews | Před 990 dny

(RTTNews) - Asian stocks ended broadly lower on Monday as investors braced for a slew of central bank decisions this week.

The Federal Reserve meets on Wednesday while the Bank of England (BoE) and the Swiss National Bank (SNB) will announce their monetary policy decisions on Thursday.

The Bank of Japan is also meeting on Thursday with no change in interest rates expected.

The dollar hovered near a two-decade peak versus major peers and Treasury yields ticked higher amid bets the Fed will raise its benchmark interest rate by at least 75 basis points at the end of a two-day policy meeting on Wednesday.

Both gold and oil fell about 1 percent in Asian trade amid dollar strength.

Japanese markets were closed for Old Age Day holiday. Chinese shares ended modestly lower despite the megacity of Chengdu exiting a two-week lockdown and the People's Bank of China cutting its 14-day reverse repo rates to revive credit demand and prop up the sputtering economy.

China's Shanghai Composite index dropped 0.35 percent to 3,115.60 while Hong Kong's Hang Seng index fell 1.04 percent to 18,565.97.

Seoul stocks fell for a fourth straight session to hit over two-month low as investors braced for the Fed to raise rates by 75 bps for the third straight time.

The Kospi ended down 1.14 percent at 2,355.66, marking the lowest level since July 12. Battery maker LG Energy Solution led losses to close 5.6 percent lower while state-run utility Korea Electric Power Corporation (KEPCO) rallied 3.2 percent amid speculation the government could raise electricity rate by a big margin next month.

Australian markets gave up early gains to end lower as oil prices reversed course, weighing on energy stocks. The benchmark S&P ASX 200 slipped 0.28 percent to 6,719.90 while the broader All Ordinaries index closed 0.38 percent lower at 6,948.60.

Across the Tasman, New Zealand's benchmark S&P NZX-50 index dropped 0.42 percent to 11,531.99 despite a positive reading on the country's services sector.

U.S. stocks fell on Friday to hit two-month lows as a profit warning from global delivery bellwether FedEx heightened fears of a recession.

The Dow shed half a percent, the tech-heavy Nasdaq Composite gave up 0.9 percent and the S&P 500 declined 0.7 percent.

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RTTNews | Před 17 minutami

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The euro showed mixed trading against its major counterparts in the New York session on Thursday, after the European Central Bank lowered its key rates by 25 basis points, as expected.

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Swiss Market Ends Marginally Up

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RTTNews | Před 4 h 50 min

European Stocks Close Slightly Higher

European stocks closed slightly higher on Thursday with investors digesting the European Central Bank's interest rate decision, and a slew of regional economic data, in addition to assessing the potential impact of Trump Administration's tariff moves on global trade and growth.

RTTNews | Před 5 h 3 min

Canadian Market Modestly Higher In Cautious Trade

Canadian stocks are turning in a mixed performance on Thursday with investors largely making cautious moves, looking ahead to the crucial U.S. and Canadian jobs data due on Friday.

RTTNews | Před 5 h 46 min

U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated

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RTTNews | Před 8 h 16 min

U.S. Trade Deficit Narrows Substantially In April As Imports Plummet

Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April. The Commerce Department said the U.S. trade deficit narrowed to $61.6 billion in April from a revised $138.3 billion in March.

RTTNews | Před 8 h 33 min

EURUSD	1.14487	GBPUSD	1.35764	AUDUSD	0.65075
USDJPY	143.467	USDCAD	1.36711	USDCHF	0.81911

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Asian Shares Retreat Ahead Of Central Bank Meetings