Premarket: Global stocks shrug off inflation angst

World shares and the U.S. dollar inched higher and gold was at a three-month low on Thursday as traders’ attention continued to swing between the battle to lower inflation and speculation about currency market intervention in China and Japan.

It all tied in with the multitrillion-dollar question economists are struggling with. Where is stubbornly high inflation heading? Overnight in Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan had fallen 0.5 per cent with holidays in Singapore, India and Malaysia making for thinner trading.

Japan’s yen, meanwhile, touched a more than seven-month low versus the dollar. The U.S. dollar’s surge of more than 11 per cent against the yen since late March has seen it reach 144.71 yen and prompted increased warnings from Japanese government officials this week about the speed of the move. “But they probably don’t want it to fall too rapidly because then it looks a bit like a panic,” he added.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Gold Market Analysis for June 27 - Key Intra-day Price Entry Levels for Active Traders(Kitco News) - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
Sumber: KitcoNewsNOW - 🏆 13. / 78 Baca lebih lajut »

Gold market analysis for June 28 - key intra-day price entry levels for active traders
Sumber: KitcoNewsNOW - 🏆 13. / 78 Baca lebih lajut »

Global crypto awareness is high, but perceptions of the industry vary by location - surveyA new survey conducted by Consensys shows that while global awareness of crypto is high, perceptions vary by geographic location, and knowledge of web3 is lacking.
Sumber: KitcoNewsNOW - 🏆 13. / 78 Baca lebih lajut »