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financial

USD Mixed After Fed’s Meeting; Risk of Rebound

The USD is mixed against Asian currencies after the Fed’s meeting. While there was nothing new in the FOMC statement, Fed Chairman Powell’s assessment of the U.S.’s growth rebound, Covid-19 situation and a strong undertaking […]

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financial

Australia Shares Slide 1.2% Amid Covid-19 Gloom

Australia’s benchmark index S&P/ASX 200 closed 1.2% lower at 6024.0, giving up the last of their weekly gains amid continued coronavirus worries. Nearly every sector lost ground as the benchmark index finished the week down […]

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financial

Blackstone’s Earnings Rebound with Market Surge

Blackstone Group Inc.’s second-quarter results rebounded as the surging stock market lifted the value of the private-equity giant’s portfolio. The New York firm swung to a profit after posting a steep loss in the first […]

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financial

Euro Exceeds $1.15 For First Time Since January 2019

The euro’s rise above $1.15 for the first time since January 2019 reflects the fact that outlook for the eurozone currency looks better than for the U.S. dollar, Commerzbank says. Following the approval of an […]

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financial

CICC Aims to Increase Size of A-Share Offering

China International Capital Corp. plans to raise the size of its A-share offering on the Shanghai Stock Exchange. CICC, a major investment bank and broker in China, said Monday it now aims to sell up […]

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financial

Australian Shares Close Lower, Energy Drags

Australia’s S&P/ASX 200 index closed 0.5% lower at 6001.6, following a mixed lead from Wall Street and the Australian government’s announcement that it is expanding its loan scheme for small businesses. Only the materials and […]

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financial

Nikkei Inches Up 0.1%, Led by Electronics Stocks

Japanese stocks end slightly higher, helped by gains in electronics stocks on the prospects of a more digitally connected society. Fujitsu Ltd. rises 4.0% and NEC Corp. advances 2.3% following a Nikkei business daily report […]

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financial

AUD/USD Lack of Downward Momentum This Week

The pair keeps trading on the upside while being supported by the ascending 20-day moving average, which stands above the 50-day one. The relative strength index is still above 50 showing a lack of downward […]