SINGAPORE : Asian shares wobbled in cautious trade on Tuesday ahead of a series of data releases and central bank meetings, which began with a surprise rate hike in Australia that boosted the local dollar.
Elsewhere there were jitters at short tenors in the U.S. Treasury market as the government's borrowing ceiling looms, and MSCI's broadest index of Asia-Pacific shares outside Japan was flat. The policy stands in contrast to the U.S. and Europe where central banks are deep into a hiking cycle and still going, and the contrast with Australia sent the Aussie up nearly 1 per cent on the yen.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan activist group hails bourse reform as remedy for undervalued stocksTOKYO : A group of investors led by prominent activist shareholder Yoshiaki Murakami said a push by the Tokyo bourse for better capital efficiency will strengthen their crusade to reduce Japan's unusually high number of chronically undervalued stocks.Japan is almost unique among major economies in the num
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall St stocks, dollar gain with data; Fed, earnings in the wingsThe S&P 500 and the Dow were up slightly while the Nasdaq fell and the dollar gained as investors waited for clues on the Federal Reserve's interest rate path as well as a raft of economic data and quarterly earnings reports.Crude oil prices were lower as investors waited anxiously for the Fed's interest
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall St stocks end lower, dollar gains after data; Fed, earnings in the wingsWall Street indexes closed slightly lower and the dollar gained with Treasury yields as investors digested Monday's data and waited for the U.S. Federal Reserve's interest rate decision due on Wednesday as well as key upcoming economic data and quarterly earnings reports.Crude oil prices were lower as wea
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »