APAC stocks were ultimately mixed with most major indices higher although the gains were capped following the negative handover from the US.
PBoC is reportedly to plan a policy overhaul as pressure mounts on the economy; likely it would cut interest rates at an appropriate time.
European equity futures indicate a slightly softer cash open with Euro Stoxx 50 futures down 0.1% after the cash market closed higher by 0.5% on Thursday.
APAC stocks traded mostly firmer in choppy trade following a similar session on Wall Street, where stocks experienced volatility with low volumes amid the Christmas period.
China convened a national fiscal work conference in Beijing, according to the Ministry of Finance, and said they will step up fiscal spending and accelerate spending speed in 2025.
Japanese Finance Minister Kato expressed concern about recent FX moves. USD/JPY gradually dipped under...
APAC stocks opened firmer across the board on a holiday-thinned week, following a similar performance from Wall Street on Friday.
US government has enacted a budget to avert a shutdown, but the deal does not include President-elect Donald Trump's proposal to raise the federal borrowing limit.
DXY was flat in a 107.68-84 range to start the holiday-thinned week, with quiet news flow; Crude futures showed an upward bias amid the positive risk...
APAC stocks eventually traded mixed following a mostly lower open as markets digested a slew of central bank decisions whilst still feeling some of the hangover from the Fed.
US equity futures gradually trickled lower after reports the US House of Representatives defeated the bill to temporarily fund the federal government and avert agency shutdowns beginning on Saturday.
USD/JPY was choppy overnight as traders reacted to the BoJ presser and then hot Japanese CPI...
The Fed cut rates by 25bps, as expected, to 4.25-4.5% in an 11-1 split, with Hammack voting to leave rates unchanged; the median dot plot for 2025 and 2026 FFR forecasts were lifted above expectations.
Fed Chair Powell said the decision was a "closer call", but the "right call", suggesting there was a discussion surrounding holding rates at this meeting, and that "extent and timing language" shows Fed is at or near the point of slowing rate cuts, and the slower pace of cuts reflects...
APAC stocks eventually traded mixed after the region initially showed a positive bias, taking cues from Wall Street, and in the absence of macro newsflow with looming risk events.
DXY fluctuated in a narrow range whilst USD/JPY was choppy on either side of 154.00 and Antipodeans were subdued.
China is to maintain a growth target of "around 5%" for 2025, according to Reuters sources. China is to target a budget deficit of 4% in 2025 (vs 3%...
APAC stocks saw an uninspiring start to the week following the mixed session on Wall Street on Friday and ahead of this week's risk events including the final FOMC, BoJ, and BoE meetings of the year.
Moody's cut France’s rating to "Aa3" from "Aa2", outlook stable, in an unscheduled rating revision, citing political fragmentation.
South Korean MPs have successfully voted to impeach President Yoon in their second attempt. Yoon was suspended from official duties on...
APAC stocks traded lower across the board following a similar session on Wall Street, whilst sentiment was also hit after the Chinese Economic Work Conference
ES and NQ traded with gains overnight as SPX and NDX constituent Broadcom (AVGO) surged 14% post-earnings
DXY held an upward bias and extended on gains after the incursion into 107.00 territory in late US trade; USD/JPY rose above 153.00
APAC stocks eventually mimicked the sentiment on Wall Street and traded mostly higher following a slow start to the session and despite a lack of macro news flow.
DXY was flat whilst JPY saw mild strength and AUD was boosted by a strong Aussie jobs report after a dovish RBA.
US President-elect Trump has invited Chinese President Xi to attend his inauguration next month; it was not clear whether Xi has accepted the invitation, according to CBS...
APAC stocks traded mixed following a soft US handover, although Chinese markets continued to benefit from the easing in China's overall monetary policy stance.
DXY and UST futures were flat within a tight range as traders look towards the US CPI release ahead of next week's FOMC meeting.
Crude futures were firmer in a continuation of the China optimism; upside was experienced following reports that the US is weighing harsher oil sanctions against Russia weeks before...
APAC stocks were mostly firmer following a negative Wall Street lead but with APAC players reacting to China easing its overall monetary policy stance.
G10 FX was mostly flat, whilst the AUD was hit on a dovish hold by the RBA, Yuan saw gains.
RBA maintained its cash rate at 4.35% as expected and suggested the Board is gaining some confidence that inflation is moving sustainably towards target.
European bourses initially gained, taking impetus from positive commentary via the Chinese Politburo; upside which has since faded. US equity futures are mixed.
China's Politburo says next year must seek progress while maintaining stability; China's fiscal policy to be more proactive next year. Monetary policy is to be moderately loose, via Xinhua.
Dollar is at incremental session lows; Antipodeans benefit from the positive sentiment, whilst havens...