Asian shares hit 21-month highs on Tuesday while the dollar and U.S. bond yields were on the backfoot on the prospect of a less hawkish than previously expected Federal Reserve policy trajectory. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.3 percent in its eighth consecutive day of gains with tech-heavy Seoul and […]
The world’s most generous dividends are going a-begging as the best quarterly rally since 2012 in emerging markets leaves Russian stocks behind. Investors are ignoring an estimated payout of 5.3 percent in the next 12 months as they dump Moscow-listed shares on concern the U.S. won’t ease sanctions on Russia as quickly as previously expected. […]
By Ben Blanchard BEIJING (Reuters) – Saudi Arabia’s King Salman oversaw the signing of deals worth potentially $65 billion as he began a visit to Beijing on Thursday, as the world’s largest oil producer looks to cement ties with the world’s second-largest economy. The octogenarian monarch, who has overseen the launch of an ambitious economic […]
U.S. stocks ended little changed in light volume on Monday, with traders eyeing a Federal Reserve meeting expected to result in an interest rate increase later this week. The S&P 500 traded in its tightest range of the year, in and out of slight losses, while the CBOE Volatility index .VIX was on track to […]
In a world where investors are betting on stocks tied to economic growth, the U.K. equity market is not the place to be. According to RBC Wealth Management, British stocks will miss out as traders push equities higher on bets of faster global growth and inflation. That’s because roughly a third of the main British […]
The annual rate of growth in UK house prices has slowed to its lowest pace in three and a half years, according to the Halifax. The UK’s largest mortgage lender said prices increased by 5.1% in the year to February, the lowest since July 2013. It means the rate of house price inflation has halved […]
The price of gold has been rising, but perhaps not enough to suit the hot money. Meanwhile, the price of bitcoin has shot up even faster. From $412, one year ago, to $1290 on Friday, it has gained over 200% (and, unlike gold, we can say that bitcoin went up—it’s a speculative asset that goes […]
Economists have warned the battered pound is set to continue trading at record lows even once Prime Minister Theresa May’s government triggers official proceeding to exit the EU. Ms May said she intends to trigger Article 50 later this month, effectively starting the formal divorce proceedings with the EU. But according to a poll of […]
Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level the OPEC heavyweight and its Gulf allies – the United Arab Emirates, Kuwait and Qatar – believe would encourage investment in new fields but not lead […]
Federal Reserve officials have said they may need to raise interest rates “fairly soon” if the economy stays strong, minutes of their meeting show. The first meeting of the Fed since Donald Trump took office as president discussed the possibility of a rate rise as early as March. Most economists have been forecasting a rise […]