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Morning Bid: China PMI eyed as U.S. trade war rumbles

BY Reuters  • July 4, 2023July 4, 2023
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The most important Asian economic indicator from a pretty packed calendar[...]
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Asia Australia Business Economy Technology US

Stocks drift as investors balance peak rate hopes with oil price rise

BY Reuters  • July 4, 2023July 4, 2023
By Naomi Rovnick and Xie Yu LONDON/HONG KONG (Reuters) – Global stocks held steady on Tuesday, as investors balanced the inflationary force of rising oil prices with hopes that central banks wou[...]
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Asia Australia Business Economy Europe Updated US

Yen firms amid intervention chatter, trading subdued on US holiday

BY Reuters  • July 4, 2023July 4, 2023
By Harry Robertson and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The dollar fell against the yen on Tuesday as markets remained on high alert for signs of Japanese intervention, but the broade[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Australia’s central bank holds rates, signals more hikes might be required

BY Reuters  • July 4, 2023July 4, 2023
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank on Tuesday held interest rates steady saying it wanted more time to assess the impact of past hikes, but reiterated its warning that furt[...]
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Asia Australia Business Economy Updated

Marketmind: Australia rate decision on a knife edge

BY Reuters  • July 3, 2023July 3, 2023
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The Reserve Bank of Australia takes center stage on Tuesday, with the con[...]
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Asia Australia Business Economy Technology Updated US

Stocks edge higher with Treasury yields in holiday-shortened session

BY Reuters  • July 3, 2023July 3, 2023
By Sinéad Carew NEW YORK (Reuters) – Wall Street stock indexes ended Monday’s shorter session up slightly along with U.S. Treasury yields, as investors weighed up a mixed bag of economic d[...]
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Dollar little changed after ISM data, yen below 145 threshold

BY Reuters  • July 3, 2023July 3, 2023
By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) -The dollar was little changed on Monday against a basket of major trading currencies and gained against a yen that’s under intervention[...]
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Asia Australia Business Canada Economy Europe UK Updated US

RBA to raise rates to 4.35% on July 4 but decision on a knife edge

BY Reuters  • July 2, 2023July 3, 2023
By Devayani Sathyan BENGALURU (Reuters) -The Reserve Bank of Australia will likely raise its interest rate by 25 basis points to 4.35% on Tuesday to tame stubbornly high inflation, although a Reuters[...]
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Asia Australia Business Economy Updated

Australian home prices climb for fourth month in June

BY Reuters  • July 2, 2023July 2, 2023
SYDNEY (Reuters) – Australian home prices rose for a fourth consecutive month in June as a sustained squeeze on housing supply helped lift values nationwide, data showed on Monday. Property cons[...]
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