Jerome Powell

Asia-Pacific stocks trade higher ahead of US inflation report

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Cryptocurrencies trade higher even as Coinbase announces layoffs Cryptocurrencies rose slightly after crypto companies Coinbase announced plans to cut 20% of its workforce as it seeks to preserve cash during the crypto market downturn. Bitcoin last traded up 1.55% at $17,459.63 according to Coin Metrics. Ether gained 1% to $1,337.85. Other digital coins like Cronos …

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Stock futures were little changed as traders eye higher rate outlook

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Equity futures were little changed on Tuesday as traders worried about rising rates. Futures tied to the Dow Jones Industrial Average lost 60 points, or 0.2%, while the S&P 500 fell less than 0.1%. Nasdaq-100 futures hovered just above the flatline. Atlanta Federal Reserve Chairman Raphael Bostic said Monday that interest rates should rise above …

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Stock futures flat as investors eagerly await Federal Reserve speakers

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Stock futures were flat on Friday morning as investors reacted to data that raised fears of an impending recession and eagerly awaited a series of Federal Reserve speakers scheduled for later in the day. Dow Jones Industrial Average futures gained 3 points, trading near the fixed line. S&P 500 futures were slightly lower and Nasdaq-100 …

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Stock futures mixed after Fed update and ahead of other economic data

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Stock futures were mixed on Thursday morning after the Federal Reserve’s latest policy update. Dow Jones Industrial Average futures added 44 points. S&P 500 futures were up 0.1% and Nasdaq 100 futures were slightly lower. In regular trading, the Dow Jones fell 142 points, while the S&P 500 fell 0.61% and the Nasdaq Composite fell …

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Fed Rate Decision, South Korea Trade, Australia Unemployment, New Zealand GDP

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November retail sales in China experience major misfires China’s industrial production for November rose 2.2%, after growing 5% in October, official data showed. That’s less than expectations for 3.6% growth in a Reuters survey. Retail sales fell 5.9% on an annualized basis, more than expectations of a 3.7% drop in a Reuters survey and a …

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Stock futures rise as investors await Wednesday’s Federal Reserve rate decision

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Stock futures rose Wednesday morning as investors await the Federal Reserve’s latest interest rate hike decision in its effort to crush inflation, which is expected to be released on Wednesday. Dow Jones Industrial Average futures rose 112 points, or 0.33%. Futures contracts linked to the S&P 500 and the Nasdaq 100 rose 0.35% and 0.38% …

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Asia-Pacific markets, CPI data, Fed, Hang Seng index

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Southeast Asian markets poised for ‘bungee jump’ in 2023, says JPMorgan Southeast Asian markets will follow a “bungee jump”-like trajectory next year – plunging before surging in the second half of 2023, JPMorgan wrote in a report. This will likely be characterized by a “sharp fall followed by a rapid rise in altitude (bear market …

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South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

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Japanese yen strengthens after Powell’s comment on narrower rises Temasek’s $245m FTX loss ‘damaged reputation’ of Singapore, Deputy PM says Singapore’s Deputy Prime Minister Lawrence Wong says the state’s sovereign wealth fund’s loss of $275 million investment in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” of the city-state. But the loss …

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