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Sterling, euro fall as investors see safe havens
... sharply against the dollar on Friday as investors slowed to the perceived safety of the dollar amid expectations for higher U.S. interest rates. The British pound and euro fell sharply against the dollar on Friday as investors slowed to the perceived safety of the ... ... Kwasi Kwarteng unveil a mini-budget, with some analysts underwhelmed by what was revealed. George Saravelos , Deutsche Bank's global head of FX research, worried that the pound's weakness would erode investor confidence in the UK's external sustainability....
Updated: 09/23/2022
U.S. business activity contracted for third straight month in September
Americans Reuters'U.S. business activity contracted for a third consecutive month in September, though the pace of decline slowed while improving global supply chains eased inflation pressures for companies. WASHINGTON Reuters -- ... ... slowed while improving global supply chains eased inflation pressures for companies. S&P Global said on Friday it had a flash U.S. Composite PMI Output Index, which tracks... ... inflation back to the U.S. central bank's 2% target. The Fed delivered a 75 basis-point rate hike on Wednesday, its third straight increase of that size. There were more big...
Updated: 09/23/2022
Bitcoin, ETH, XRP and Solana SOL USD, Doge USD up today
After the US Federal Reserve increased interest rates by 75 bps, the world's most valued virtual currency, showed signs of recovery, climbing above the $19,000 level this morning. After the US Federal ... ... XRP XRP USD was the biggest gainer over the previous 24 hours, while Lido DAO LDOUSD turned out to be the biggest loser. The global coin market cap rose to $944.39 billion at the time of writing, recording a 24 hour gain of 2.9%. BTC went up by around ...
Updated: 09/23/2022
Here are some of the latest news from Asia
Let's get you up to speed with the day's stories.893 after entering the city, all international ... ... COVID 19 entry rules. Two Singapore banks DBS and UOB have stopped offering fixed rate home loans as of Friday Sep 23 The US Federal Reserve announced a 75 basis-point... ... slightly and commodity prices levelled off, according to MAS and MTI . They said global inflation is likely to stay elevated in the near term. Voting began on Friday...
Updated: 09/23/2022
China's central bank to push forward yuan internationalisation
ShANGHAI: China's central bank said it will continue to push forward yuan internationalisation to promote a higher level of two-way opening up ... ... depreciation pressure, a hawkish Federal Reserve tightening and a slowing economy. China and Japan are among the major outliers in a global run of interest rate hikes to tame high inflation, with Beijing focused on reviving the economy after COVID 19 shocks. However, such widening ...
Updated: 09/23/2022
Natural gas prices drop for fourth straight week
... trying to relieve an unprecedented energy crisis sparked by Russia's invasion of Ukraine and subsequent supply cuts after sanctions ... ... it is possible to reallocate production around its network of global facilities in the medium term if a shortage of natural gas ... ... futures dropped 4.3% to 179.50 euro per megawatt-hour by 3: 03 p.m. in Amsterdam. The UK equivalent fell by 4.8%. German year-ahead ... ... upward pressure to prices, according to traders. Asian LNG spot rates are currently three times higher than the 10 year average....
Updated: 09/23/2022
WHO warns it's hard to track new Covid variants
As governments roll back testing, the World Health Organization WHO warns that it's hard to identify and track new Covid variants. As governments roll back testing,... ... countermeasures and other tools roll out, the warning comes from Norway and South Africa. The global pandemic is not over, and coordinated action, funding, and political commitments... ... Many countries are not meeting the global targets on vaccination coverage, testing rates and access to treatments and PPE as a result of the COVID 19 pandemic, according...
Updated: 09/23/2022
Asian markets slow as hot US inflation read worries
... US inflation reading could cause policymakers to lift interest rates. On Wednesday Asian stock markets were slowed as rising ... ... beating forecasts and warnings of pressure on supply chains to global consumers. The Nasdaq logged its first fall in a dozen ... ... broadest index of Asia-Pacific shares outside Japan and Japan's Nikkei dropped 0.2 percent in the long rally, as well as a drop ... ... driven by fear rather than rationale, according to analysts at J.P. Morgan . Valuations have factored in the worst case scenario....
Updated: 09/23/2022
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