Markets

Asia-Pacific markets are falling as recession fears mount, and China vows to stabilize the economy

Asia-Pacific markets are falling as recession fears mount, and China vows to stabilize the economy

Oil futures rose on hopes of a recovery in demand in China Oil futures rose in Asian morning trade as optimism about China’s reopening leading to a recovery in demand outweighed recession fears. Brent crude futures rose 1.16% to $79.96 a barrel, while US Brent crude futures rose 1.18% to trade at $75.17 a barrel. …

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Argentina, trapped in an economic depression, gets something to cheer about in their World Cup victory

Argentina, trapped in an economic depression, gets something to cheer about in their World Cup victory

BUENOS AIRES – The World Cup Final is incredibly tense, if not the best ever. An exceptional victory for Argentina crowns the career of star Lionel Messi. New hope for a country in deep crisis. Argentina beat France on penalties after the match ended in a 3-3 draw, prompting hundreds of thousands of citizens to …

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South Africa's economy stands at a pivot point as prospects improve, but political and energy risks remain

South Africa’s economy stands at a pivot point as prospects improve, but political and energy risks remain

LONDON – South African President Cyril Ramaphosa speaks during a news conference in central London on November 24, 2022. Justin Tallis/AFP via Getty Images South Africa’s long-awaited economic reforms are beginning to improve the country’s outlook, but long-standing problems of political uncertainty and a failing power system remain significant risks. A reconstruction plan and economic …

South Africa’s economy stands at a pivot point as prospects improve, but political and energy risks remain Read More »

European markets settled down to close the winning week;  Credit Suisse shares hit an all-time low

European markets settled down to close the winning week; Credit Suisse shares hit an all-time low

Friday, November 25, 202211:45 a.m. EST European markets calmed down, but recorded the sixth week of gains The European Stoxx 600 closed flat on Friday, capping an optimistic week that saw it surpass a three-month high and secure its sixth week of gains. The major German and French stock exchanges were flat, with Britain’s FTSE …

European markets settled down to close the winning week; Credit Suisse shares hit an all-time low Read More »

Malaysian stocks rise Asia markets mostly higher after Fed signs slowdown 'soon'

Malaysian stocks rise Asia markets mostly higher after Fed signs slowdown ‘soon’

Thursday, November 24, 20221:17 a.m. EST Malaysian stocks rose after the announcement of the Prime Minister’s State Palace Listed Malaysian stocks closed higher on Thursday after the state palace announced Anwar Ibrahim as prime minister. pointer KLCI Index It closed 4.04% higher after the previous negative sessions, ending the session at its highest level in …

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European markets closed higher with the mining and retail sectors gaining

European markets closed higher with the mining and retail sectors gaining

Wednesday, November 23, 202211:52 a.m. EST European markets closed up 0.6%; Travel and mining gains offset Credit Suisse’s decline The pan-European Stoxx 600 closed 0.6% higher, led by gains in travel and leisure stocks, up 1.9%, and mining, up 1.8%. Beleaguered Credit Suisse was the worst performer, losing 6% after approving a 4 billion Swiss …

European markets closed higher with the mining and retail sectors gaining Read More »

Hong Kong stocks led losses as coronavirus cases surged in China;  Asian markets are mixed

Hong Kong stocks led losses as coronavirus cases surged in China; Asian markets are mixed

Tuesday, November 22, 20222:01 a.m. EST JD.com shares plunge after the company cut senior management salaries Hong Kong shares listed JD.com It was trading down more than 5% in the afternoon after the company confirmed a pay cut for its senior management team. The Chinese e-commerce giant has confirmed that it will cut cash salaries …

Hong Kong stocks led losses as coronavirus cases surged in China; Asian markets are mixed Read More »