Markets await next week’s US Fed, European Central Bank, and BOJ policy meetings to decide policy and discuss rates.
MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.5%, heading for a weekly loss of 1.8%. Japan’s Nikkei, meanwhile, lost 0.3%. The onshore yuan was 0.2% higher at 7.1674 per dollar after the central bank set a much stronger guidance rate than expected. Authorities have recently stepped up efforts to defend a weakening currency, alongside yuan-buying trades by state-owned banks.
The electric-vehicle maker reported a drop in its second-quarter gross margins to a four-year low while the streaming video company’s quarterly revenue fell short of estimates. Also, an unexpected fall in the US weekly jobless claims fuelled expectations for a strong payrolls report, after markets wagered the Federal Reserve will be mostly done tightening after one last hike in July.
The US dollar index was little changed at 100.78, after advancing 0.5% overnight, the biggest one-day gain since mid-May. The Australian dollar gave up almost all of its gains made after a strong local jobs data release to hover below 68 cents.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: fmtoday - 🏆 5. / 72 Read more »
Source: fmtoday - 🏆 5. / 72 Read more »