Asian Currencies Consolidate; May Be Weighed by Fading Fed Rate Cut Hopes
Asian currencies consolidated against the dollar in the early morning session, but may be weighed by expectations of fewer Fed rate cuts.
Copper, nickel, and iron ore prices volatile amid Trump’s tariff policy uncertainties
The uncertainty over US President-elect Donald Trump’s tariff plans is expected to keep the base metals market on its toes ...
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Caixin services PMI comes in at 52.2
CHINA'S Caixin General Services purchasing managers' index (PMI) reached 52.2 in December, the highest since June 2024, signaling an accelerated expansion in the private service sector, latest data ...
GBP/USD retreats below 1.2500 on strong US Services PMI, JOLTS data
From a technical standpoint, the GBP/USD daily chart suggests the pair is reversing some of its weekly gains, the release of ...
UK construction growth slows to 6-month low, PMI shows
Activity in Britain's construction industry grew at the slowest pace in six months in December, dented by a further fall in ...
Hang Seng Index and Nikkei 225: Divergent Trends Amid US-China Tensions
Tech stocks led the morning losses, with the Hang Seng Tech Index sliding by 2.00%. The Major tech players Tencent (0700) tumbled 6.99%, while Alibaba (9988) and Baidu (9888) posted losses of 1.40% ...
US-China Trade War: Biden Makes Pre-Trump Move Against Tencent
The incoming administration’s first moves could give insights into Trump’s plans for China. In December, Trump appointed ...