Category: News Group

The dollar index was subdued around 104.4 on Monday as investors cautiously awaited Federal Reserve Chair Jerome Powell’s congressional testimony on Tuesday and Wednesday for further guidance on the central bank’s tightening...

WTI crude futures rebounded above $80 per barrel on Monday and extended gains into a fifth session as a weaker dollar boosted the appeal of greenback-priced commodities, offsetting concerns about China’s demand. Wall...

Asian equity markets were mixed on Tuesday, with caution dominating sentiment ahead of the Reserve Bank of Australia’s interest rate decision and further commentary from Federal Reserve Chair Jerome Powell. Shares in Japan...

WTI crude futures fell more than 1% to around $79 per barrel on Tuesday, retreating from an almost three-week peak of $80.6 touched in the previous session, after the US government announced plans to release 26 million barrels...

The yield on the US 10-year Treasury note, seen as a proxy for global borrowing costs, approached 3.8%, a level not seen in more than a month, as investors adjust their portfolios for a higher terminal rate. The closely watched...

The dollar index traded around 103.5 on Tuesday, hovering close to levels not seen since early January, with hotter-than-expected US inflation dashing hopes that the Federal Reserve will soon end its tightening campaign. The...

The IBD/TIPP Economic Optimism Index in the US increased to a ten-month high of 45.1 in February of 2023 from 42.3 in January, but remained in pessimistic territory. 53% of adults now think the U.S. economy is in a recession,...

Foreign exchange reserves in Indonesia grew to USD 139.4 billion in January 2023 from USD 137.2 billion a month earlier. This was the biggest amount since February last year, boosted by an increase in tax and service revenues as...

Indonesia’s consumer confidence climbed to 123.0 in January 2023 from 119.9 in December 2022, pointing to the highest level since August last year, boosted by a further easing in inflation. Households’ sentiment...

The index of leading economic indicators in Japan, which is used to gauge the economic outlook for a few months ahead on data such as job offers and consumer sentiment, declined to 97.2 in December 2022 after an upwardly revised...

Fed Chair Jerome Powell reiterated that the disinflationary process has begun, but it has a long way to go and these are the very early stages. The Chair added that if the strong jobs market persists additional interest rate...

Asian equity markets fell on Tuesday as caution dominated sentiment ahead of key policy decisions from major central banks this week, headlined by an expected interest rate hike from the US Federal Reserve on Wednesday....