Concurrently, oil prices dipped, exerting additional pressure on the broader dollar index across Asia. Trump's stern calls on OPEC, particularly Saudi Arabia, to boost production and slash prices are a boon for Asia's vast oil-dependent economies, alleviating some of their financial strain.
Markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen strengthened after a widely expected interest rate hike by the Bank of Japan. Given this reality,
After Trump said he would “demand that interest rates drop immediately,” the 2-year Treasury yield edged lower and stocks ticked up.
Equity benchmarks rose in Tokyo ahead of a key interest rate decision by the Bank of Japan later Friday, where a hike is expected. Stocks also rose in Sydney and Seoul. The S&P 500 advanced 0.5%, with the gauge topping the 6,
Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.
Asian shares rallied yesterday after US President Donald Trump said he thought he could reach a trade deal rather than impose tariffs on China.The SET index moved in a range of 1,338.29 and 1,363.92 points this week,
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The U.S. dollar experienced its largest weekly loss in over a year, falling 1.8% after President Donald Trump hinted at a softer stance on tariffs against China. In an interview with Fox News, Trump expressed
The Fed is expected to keep interest rates on hold but the larger story unfolding will be how the central bank confronts early moves by Trump.
U.S. stock futures were moving lower in early action on Friday, on the heels of the first record for the S&P 500 of 2024. Dow Jones Industrial Average futures fell 15 points, or 0.03%, to 44,732 S&P 500 futures slipped 7 points,
Trump said that he could agree to a “trade deal” with China, and that he would prefer a deal to the imposition of US import tariffs on China. This marks a shift from the threat of 60% tariffs on China made during the pre-election campaign.