Most Asian stocks rose on Wednesday, as expectations of lower U.S. interest rates and dovish signals from the Bank of Japan kept investors optimistic over a more accommodative environment in the coming year.
Asia FX steady, dollar near 4-mth low as early rate cut bets persist
Most Asian currencies steadied from recent gains on Wednesday, while the dollar remained pinned near four-month lows as traders largely stuck to bets that the Federal Reserve will begin trimming interest rates in early 2024.
Dollar under pressure as Santa’s rally continues on Wall Street
During Wednesday’s Asian session, Japan will release trade data. No change in interest rates is expected from China. The key report of the day will be the UK inflation figures. Later in the day, more US housing data is due, the Swiss National Bank will release the quarterly bulletin, and the Bank of Canada meeting minutes will be published. Santa’s rally on Wall Street will be watched closely.
Ripple joins crypto firms in $78 million initiative to support pro-crypto candidates in US elections
Ripple CEO shared the cross-border payment remittance firm’s decision to fund the Political Action Committees backed by crypto companies in the US. Brad Garlinghouse said that Ripple is putting a stake in the ground and intends to support pro-crypto candidates to drive the country towards responsible crypto regulation.
Formulating foods for air fryers
CHICAGO — Air fryers, which are basically miniature convection ovens, have become a must-have cooking appliance in America. Unlike other faddish appliances like bread makers and waffle irons, air fryers are more than countertop decor.
Italy’s bonds set for plain sailing until possible summer storms
MILAN, Dec 20 (Reuters) – The first half of next year will offer favourable conditions for Italian government bonds after a stellar 2023, analysts say, but problems may surface from June onwards connected with politics and future moves by the European Central Bank.
GBP/USD analysis: Technical Tuesday – Dec 19, 2023
Welcome to another edition of Technical Tuesday. In this final edition for 2023, we will get technical on the GBP/USD analysis as the pair continues to show bullish price characteristics ahead of a busy next few sessions, before the focus turns to the festive period.
China earthquake: rescuers scramble to respond after more than 100 killed
At least 118 people have been killed and more than 500 injured in an earthquake in China’s north-west Gansu and Qinghai provinces, state media has reported.
Holiday Travel Surge: Airports and roads expect record-breaking traffic
It’s beginning to look a lot like Christmas at airports and on the highways across the country. If you’re traveling this week ahead of the holidays, you’ll have plenty of company on the roads and in the skies.
Asian currencies, stocks mixed as Fed rate-cut rally loses steam
Emerging Asian currencies and stocks were broadly mixed on Tuesday after Federal Reserve policymakers tempered US rate cut expectations that had led to an earlier risk-on rally.