SYDNEY: Asian shares started cautiously on Monday (Jun 19) after their best weekly run in five months, as investors looked ahead to China's rate decision and US Federal Reserve Chair Jerome Powell's testimonies for clues on the rate path ahead. S&P 500 futures rose 0.1 per cent early in Asia while Nasd
SYDNEY: Asian shares started cautiously on Monday after their best weekly run in five months, as investors looked ahead to China's rate decision and US Federal Reserve Chair Jerome Powell's testimonies for clues on the rate path ahead.
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1 per cent lower, after hitting a four-month high on Friday and finishing up 3 per cent for the week, the best since January. "This requires more policy easing to stabilise investment – the key drag to 2Q GDP growth - and prevent weakness from spreading to household sentiment and services," said Xing.
Markets are pricing in a 70 per cent probability of the Fed hiking by a quarter point in July before holding steady for the remainder of the year, though officials have sounded hawkish and the dot plot indicates two more hikes.
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Asian stocks off to a slow start, eyeing China stimulus, Powell testimoniesSYDNEY : Asian shares started cautiously on Monday after their best weekly run in five months, as investors looked ahead to China's rate decision and U.S. Federal Reserve Chair Jerome Powell's testimonies for clues on the rate path ahead.S&P 500 futures rose 0.1 per cent early in Asia while Nasdaq futures
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Blinken supports efforts toward 'mature' China-South Korea ties: SeoulSEOUL: US Secretary of State Antony Blinken said he supports South Korea's efforts to develop a 'healthy and mature' cooperative relationship with China, South Korea's foreign ministry said on Saturday. Blinken, who arrives in Beijing on Sunday for the
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China is rewarding its best-behaved citizens with cheaper travelAs China seeks to shore up its faltering economy, officials are rewarding citizens with travel discounts and offering companies cheaper loans — but only for the best behaved.
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Blinken talks to Japanese, South Korean counterparts ahead of China tripHe emphasises the importance of “sustained... trilateral cooperation”. Read more at straitstimes.com.
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Commentary: Divorce is a 'certificate of happiness' for some women in modern ChinaBeyond record-low marriage and birth rates, increasing cases of domestic violence and greater demand for women's rights have resulted in waves of divorces reported in many provinces across China, says this lecturer.
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Blinken talks to Japanese, South Korean counterparts ahead of China tripWASHINGTON: US Secretary of State Antony Blinken spoke separately with his South Korean and Japanese counterparts, emphasising the importance of 'sustained ... trilateral cooperation' ahead of his visit to China, the State Department said on Saturday (Jun 17). The conversations also come as North Ko
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