DAILY HEADS-UP: Asian Shares Positive, Oil Slips
Asian Shares Positive, Oil Slips Asian shares edged higher on Monday amid economic optimism. Hopes of COVID vaccine calls for faster economic recovery. Stocks in China are on their move to recovery early-March equity rout whereas those from Hong Kong, South...
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DAILY HEADS-UP: Yen Rallies on COVID-19 Fears, Pound Declines
Investors once again were battered by the rise in the number of new coronavirus cases across the globe, especially in the US, Italy, and Japan. The US dollar was on a sell-off with the Treasury yields even after news that US President Trump won the Michigan...
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DAILY HEADS-UP: RBA Rate Cut Boosts AUD, Global Stocks Recover
The Aussie dollar jumped in the Asian trading on Tuesday after the Reserve Bank of Australia’s surprise 25bps rate cut to cushion the economic blow from the virus spread. As a result, the market saw a slight recovery on global stocks in anticipation of...
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DAILY HEADS-UP: Yuan Recovers Despite Weak PMI, Fed in Focus
The Chinese yuan rose against the US dollar on Monday in Asia despite the release of downbeat manufacturing data. The Caixin PMI came in lower in February which is the lowest reading since February. Initial negative trading was seen earlier but due to the...
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DAILY HEADS-UP: Coronavirus Global Fears Intensify
Coronavirus pandemic fears intensify each day, especially after the World Health Organization (WHO), said that the virus is spreading faster outside China and likely to affect the global supply chain. Numbers rise in South Korea, while Denmark’s Health Ministry...
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DAILY HEADS-UP: Asian Stocks Recover as COVID-19 Fears Ebb
Markets are calmer and Asian stocks bounced back after Beijing announced more measures to help the economy. Amid coronavirus fears, Chinese President Xi Jinping says that the dragon nation will be able to meet this year’s growth target. Coronavirus has already...
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