Most Asian stock markets fell on Thursday as upbeat economic data strengthened the prospect for higher U.S. interest rates, while the dollar's bull run continued as U.S. bond yields hovered near multi-year highs. The post Asia stocks slip on spectre of higher US rates, dollar “a freight train” appeared first on The Financial Express.
Sterling was headed for its strongest monthly performance in eight years on both a trade-weighted basis and against the euro on Thursday, hitting a nine-week high against the basket of currencies that measures its broader strength. The post Sterling heads for strongest month in 8 years, hits nine-week high appeared first on The Financial Express.
The Dow and the S&P 500 eked out record high closes on Wednesday ahead of the Thanksgiving holiday, helped by gains in industrial stocks, though losses in technology shares limited the advance and weighed on the Nasdaq. The post Dow, S&P 500 set record high closes ahead of holiday appeared first on The Financial Express.
With the Fed fund futures indicating a 96% probability of an 25-basis-point interest rate hike in December, foreign portfolio investors have net sold $2.06 billion of debt instruments in the Indian market in November alone, after significantly investing in domestic debt last month. The post As US Fed nears 25 bps rate hike in December, FPIs sell $2 billion ‘debt’ in November appeared first on The Financial Express.
The Chinese currency continued to depreciate on Friday against the US dollar to hit its weakest point since June 2008. The post Chinese yuan weakens to new eight-year low appeared first on The Financial Express.