Must-read before U.S. stocks open: Three major stock index futures rise, TSMC falls more than 2%
As of press time, the Dow futures, dominated by blue-chip stocks, rose 0.24%; the S&P 500 futures rose 0.25%; the Nasdaq 100 futures, dominated by technology stocks, rose 0.29%. Popular…
US stocks end down, crude slides amid Fed, geopolitical crosscurrents
U.S. stocks closed lower on Wednesday as crude prices tumbled and investors weighed cautious U.S. Federal Reserve commentary and ongoing geopolitical strife against mixed quarterly earnings. Benchmark U.S. Treasury yields…
Asian shares steady but Fed disappointment hits bonds
By Stella Qiu SYDNEY (Reuters) –Asian shares steadied from a recent sell-off on Wednesday although investors remain wary after the world’s most powerful central banker had a change of heart…
Morgan Stanley cuts dozens of investment banking jobs in Asia-Pacific, sources say
HONG KONG (Reuters) –Morgan Stanley is cutting at least 50 investment banking jobs in Asia Pacific, three sources said, becoming the latest among global banks to scale back operations in…
Bank of America lowers Intel target price: chip foundry market share is too low
BofA Securities last week lowered its target price on Intel (36.0801, 0.39, 1.09%) shares to $44 from the previous price of $50 per share, while maintaining a neutral rating on…
China is expected to replace the United States as the world’s largest personal luxury goods market by 2030
PricewaterhouseCoopers released the “Report on the Luxury Goods Market in Mainland China and Hong Kong”, predicting that by 2030, China will replace the United States as the world’s largest personal…
How to judge the impact of the escalating situation in the Middle East on the global market?
After a period of excessive complacency and risk “addiction”, the global market encountered another escalation of the situation in the Middle East when expectations of interest rate cuts by the…
JPMorgan strategist says earnings report unlikely to boost stocks
JPMorgan Chase & Co. strategists say don’t expect an upbeat corporate earnings season to drive stocks higher because much of the optimism has already been priced in after this year’s…
Bank of Japan may focus less on inflation when formulating policy
The Bank of Japan is moving toward a more discretionary approach to monetary policy, people familiar with the matter said. Three people familiar with the matter said that the mere…
Japanese yen hits new low against US dollar
The exchange rate of the yen against the U.S. dollar in the Tokyo foreign exchange market fell to more than 153.8 yen per U.S. dollar on the 15th, a record…